Question

what are some of the financial benefits to installing a EHR

Answer 1

Electronic Health Records( EHR) are a type of digital version of patient's medical records. It is the process of collection , storage and dissemination, if necessary, of Patient's medical and health related information in electronical devices such as computers.

Financial Benefits : Many financial benefits are there for both the heathcare setting and for the patient by installing Electronic Health Records. Some of the benefits in financial area are:

* It improves the quality of patient care, that can reduce re admissions and recurrent hospitalization, there by reducing the cost of patient care.

* EHR helps in reducing duplication of tests and unnecessary diagnostic procedures:

As EHR can provide the information of recent and previous test and procedures, Duplication and unnecessary repetition can be avoided. It can also prevent unnecessary spending from hospital or patient.

* EHR decreases the risk of loss / missing of file or lost paper work. It can also reduce unnecessary cost.

* Storage of accurate, legible and accessible data can ease the Doctor's work and facilitate diagnostic decision, treatment planning etc, that inturn reduces the multiple consultation with the physician and it's associated charges.

* EHR provides the data related to any existing allergies, especially drug allergies. Events related to drug allergy may claim patient's health and life, hospital prestige etc. But EHR reduces such events, that helps in saving the money.  

*EHR reduced the cost for transcription , and also minimized the need for manual resources for charting  and storage .

These positive outcomes of EHR adds to the financial benefits of installing EHR.