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Electronic Medical Records from a Business Perspective

In: Business and Management

Submitted By DeBe
Words 1221
Pages 5
Deborah Bennett
01/22/2013
HCA 240
Instructor Moiz Lalani

Electronic Medical Records from a Business Perspective In this paper we shall analyze how Electronic Medical Records (EMR) impacts health care organizations from a business perspective, as well as how it may impact profit organizations (versus non-profit organizations) differently. In addition we shall discuss perspectives and responsibilities of the financial management staff, and the basic rules and regulations involved with EMR in which the health care financial management of the organization must address. Starting around 1991 the Institute of Medicine (IOM), known to be the leading innovators concerning medical advances, started encouraging those in the health care delivery system to see the future and accept it, by beginning preparation for instituting electronic medical records. Expounding on the many advantages EMRs would allow facilities and physicians alike; such as, providing for more efficiency, through instant access of a patient’s health history (including all labs, tests and meds prescribed by all doctors for the patient) that is stored on the computer and can be accessed throughout the country, and eventually the world. In turn this would also provide for more effective and less redundant care, and with certain software installed for guiding diagnosis and medicine interactions, could also promote error free treatment and care, avoiding life-threatening episodes in this regard (Haupt, 2011). From a business point of view this would save time and money through having data at your fingertips to aid in billing and reimbursement. More importantly less error and more efficient and effective care giving promotes quality and customer satisfaction, not to forget saving lost revenue through lawsuits and further need for extensive care to correct mistakes, which can also lose business...

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