5 1 Reflective Journal Benefits of a Capital Item.docx

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1 Anne Murtha Instructor: Keith Graham IHP-450 Healthcare Management and Finance 5-1 Reflective Journal: Benefits of a Capital Item There are several benefits of an EMR system, especially when it comes to an organizations cost savings. An EMR system can save time and money across an organizations facility all while simultaneously improving the quality of care for the patients. Listed below I have broken down the benefits of an EMR system for both the organization and the patients and for both the patient and organization. For an organization the benefits of an EMR system are as follows; According to Choi J., Lee W., Rhee P., (2013), providers within the organization can transfer patient data safely and securely from department to department. Since the EMR system is digital, this saves space and time in the handling of patient records. The EMR system will aide in increasing the number of patients seen per day, which will provide enhanced workflow and productivity and increase revenue for the organization without sacrificing patient care or quality. Providers can often chart during their patient encounters, which frees up more time on the back end to see more patients. Another cost savings advantage for an EMR system is the reduction in errors with patient care costs. Errors can be costly and very timing consuming to fix with an EMR system the error rate will be greatly reduced. In addition, to an error rate reduction an EMR system can reduce over- all operational costs for example in transcription services and cutting down on any overtime expenditures. An EMR system also provides advanced e-Prescribing and clinical documentation
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2 capabilities, which will grow as the organization grows. As well as electronic medical records can be customized and scalable that will also grow with the organization’s needs. The over-all
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  • Fall '18
  • electronic medical record, Rhee P., Choi J.

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