decisionhealth Newsletters, Part B News - 2014 Issue 12 (December)
Weigh benefits, drawbacks of EHRs if you’re still deciding whether to jump in
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Article Overview
This article discusses how physician practices can evaluate whether adopting an EHR system makes sense when considering meaningful use participation and related payment adjustments. It focuses on broad financial comparison methods, implementation and ongoing costs, vendor considerations, and operational benefits that may affect practice workflow and record management. The piece is most relevant to practice administrators, physicians, and billing or compliance staff assessing EHR adoption decisions.
Why This Topic Matters
The article helps readers understand how EHR adoption can affect revenue, expenses, and workflow at a time when payment adjustments and electronic reporting requirements influence practice operations. It is useful for decision-makers who need to compare short-term costs against longer-term financial and operational impacts.
Article Sections
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Meaningful use and payment adjustment context
Introduces the adoption context and the financial implications of not participating in meaningful use. It frames the decision as a comparison between potential penalties and the cost of an EHR investment.
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Do the ROI calculation
Outlines a general approach for evaluating return on investment by comparing potential revenue loss with implementation and ongoing system expenses. It also discusses broader cost categories and practice-level considerations.
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Factor in side benefits of EHR technology
Describes operational advantages that may influence the decision beyond direct financial calculations. The section addresses workflow, record access, communication, and space-related considerations at a high level.
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Come to conclusion based on your calculation
Closes with guidance on using the overall financial assessment to decide whether adopting an EHR is justified. It emphasizes comparing total costs with the impact of continued non-adoption.
What You Will Learn
- How to frame an EHR adoption decision in financial terms
- What general cost categories should be considered when evaluating an EHR purchase
- How meaningful use and payment adjustments factor into practice planning
- What broad operational benefits are commonly associated with EHR use
- How practice decision-makers can think about return on investment for health IT
Who Should Read This
- Physicians
- Practice administrators
- Billing staff
- Compliance staff
- Healthcare consultants
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