100%(11)11 out of 11 people found this document helpful
This preview shows page 1 - 2 out of 4 pages.
Develop a return on investment (ROI) strategy for the acquisition of a strategic HIT solution in which you consider 2–3 cost saving and/or revenue generating opportunities that you feel apply to Dynamic’s scenario.Week 4 DiscussionA strategy for how Dynamic can pay for the newly proposed Epic system.Health information technology has provided the potential to help increase the efficiencyby properly managing information. Some are resistant to adopt health information technology.“The primary barriers to adoption have been financial: Most physicians have cited lack of capitaland uncertain return on investment as substantial hurdles” (Adler, Green & Bates, 2013). Theproposed Epic system for Dynamic, has capital costs and operational costs. Costs related toconsulting services, salaries, software, hardware, network, and licensed software are examples ofcapital costs. Some of the operational costs are support and maintenance of the software, traveltraining, and physician and postproduction support salaries. An approximate $1.5 million dollarsis necessary to implement Epic’s electronic management records system with a monthly cost of$300,000 for maintenance of software and support. For Dynamic to pay the proposed Epic