Certain responsibilities like filing or pulling paper charts have been substituted by just clicking a patients name in the
EMR assists in the reduction of the many expenses associated to paper charts, poor documentation and high malpractice premiums but also incurs new expenses because of support contracts, computer maintenance and product updates. Reducing paper chart costs is the clearest benefit. Also, transcription costs can be reduced as EMR can provide an easier way for patient documentation and report writing. One can evade pricey medications by offering patients more cost effective alternatives or people can help keep the malpractice premiums lower due to higher quality documentation and drug prescription alerts. A lasting implementation plan and commitment to eliminate paper charts is vital if cost avoidance benefits are to be considered.
Then there in the matter of Increased profit. For this to occur we need to take into account all the probable profits and compare them to the new costs that will be incurred as a result an EMR implementation. Several benefits nevertheless are hard to enumerate as benefits like, improved care, patient satisfaction and office image are items that contribute to higher profits because of increased patient referrals and better patient retention. An Electronic Medical Record consultant or vendor can assist you in doing a thorough analysis of your business to determine what sort of financial benefits can be anticipated. This might include a cost-benefit analysis, return on investment or ROI, planning, EMR implementation, and so on.