Week-4-Dis.docx - Develop a return on investment(ROI...

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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 Discussion A strategy for how Dynamic can pay for the newly proposed Epic system. Health information technology has provided the potential to help increase the efficiency by 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 capital and uncertain return on investment as substantial hurdles” (Adler, Green & Bates, 2013). The proposed Epic system for Dynamic, has capital costs and operational costs. Costs related to consulting services, salaries, software, hardware, network, and licensed software are examples of capital costs. Some of the operational costs are support and maintenance of the software, travel training, and physician and postproduction support salaries. An approximate $1.5 million dollars is 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

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