Not all health IT translates to an immediate ROI.
For example, the financial benefits ofimplementing electronic health records (EHRs)or population health management platformsmay not be experienced for several years down the road. Even some revenue cycle applications do not immediately translate to hard-dollar cost savings until months later.
Leading in health IT means clearly demonstrating the ROI of the chosen technology, especially when confronting a major healthcare spending challenge, such as purchased services. Although purchased services comprises more than 35% of a healthcare organization’s non-labor budget, few hospitals are able to accurately determine where those millions of dollars are going, let alone find savings opportunities.
The existing IT solutions to manage such spending, such as spreadsheets and generic reporting tools, are inadequate to provide timely, reliable and comprehensive analysis across the thousands of potential service vendors. To demonstrate knowledge and leadership, health information professionals need to identify technology for their hospitals that allows them to easily visualize spending across this enormous amount of data to find savings opportunities and a real ROI. For the full article click here
from health IT caucus http://ift.tt/2dbZLAl
via IFTTT
No comments:
Post a Comment