Provide a recommendation for how the hospital can use

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solution. Provide a recommendation for how the hospital can use HIT solutions to generate new revenue. Also consider that if Dynamic issues a bond to pay for the $1.5 million implementation costs, likely the local rating agencies will want to see a documented 5–10% additional reduction in “hard line” operating expenses to assure Dynamic’s ability to pay off the debt. Given that over 60% of the operating budget is staff and physician salaries, explain what kinds of savings the best in class EHR offer will assure investors.By Day 5Respond by Day 5 and continue the Discussion through Day 7:Examine your colleagues’ posts regarding ideas for operating budget reductions and/or new revenues proposed as part of implementing the Epic solution. If the CFO’s rumors are true and the academic center opens competitive surgery alternatives in the area, how would you recommend your colleague adjust theircost savings and revenue ideas?Submission and Grading InformationGrading Criteria To access your rubric:Week 4 Discussion RubricPost by Day 3 and Respond by Day 5To participate in this Discussion:Week 4 DiscussionAssignment: Return on Investment (ROI) Analysis in HIT PlanningDetermining the (TCO) or total cost of ownership for a strategic information system investment is a critical part of the leaders' role in using technology in a transforming way. TheReturn on Investment Analysis depends upon reliable estimates of both the capital outlay and ongoing operational costs associated with the initiative over a period of time. This Assignment focuses on outlining both the capital and ongoing operational costs associated with a typical technology investment. You will outline the costs and, as importantly, the assumptions that you used in deriving these financial estimates.To prepare:Review the Pro Forma Explanation Material and HIT Program Pro Forma Template in the Learning Resources.The Assignment:
Write a 2-page APA style paper, addressing the following elements for the scenario that you chose in Week 3. This will also be the scenario used to complete your Final Project. For this Assignment, address the financial element of the project Charter used to plan the acquisition of an HIT solution for the setting of choice. The financial analysis has two parts:Using the HIT Pro Forma Template provided in your Learning resources, complete theanticipated capital and operating costs of the HIT solution that you are proposing in the Week 3Assignment. Justify the assumptions that you used in your proforma. Submit the entire project Charter inclusive of Week 3’smaterials and Week 4’sHIT Pro Forma Template and assumptions paper.Note:Your Assignment should show effective application of triangulation of content and resources to show your conclusion and recommendations. This Assignment will be assessed using the Week 4 Assignment Rubric.

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