Tuesday, August 21, 2007

EMR Cost Savings Tool: Use This Tool to Estimate the Expected Cost Savings from an Electronic Medical Records System

If you're concerned about the cost of an electronic medical records software system (EMR system), or want to accurately estimate your return on investment (ROI) of your EMR, this cost savings tool should help.

It was designed by a Medicare Quality Improvement Organization under the DOQ-IT program. The spreadsheet helps quantify potential monthly savings as a result of an EMR or EHR implementation. Simply answer a few questions and see whether or not your electronic health records software is worth the initial investment.

Additional benefits associated with improved clinical care process and efficiencies may or may not be represented by a dollar amount in this tool. The worksheet represents the areas of EHR or EMR use where common efficiencies and saving are realized. A full ROI request should be performed with your electronic medical records EMR vendor during the contracting phase of your EHR implementation.

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