What Is An Emr

what is an emr

What Is an EMR ROI Calculator?

0 Posted by Melissa Le Furge on January 31, 2012 at 11:00 am

Implementing an EMR software solution is a serious investment for your practice. With all investments comes a certain level of risk. What if take the risk by putting all your money (and faith) into a certain EMR and it does nothing for your practice? You're back to square one and thousands of dollars in the hole. Running a cost-benefit analysis study before the purchase tells you whether or not a particular EMR is a worthy investment.
EMR Complete: A Worktext
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Daniel J. Limmer An EMR ROI calculator, designed specifically with hospitals and practices in mind, gives doctors and practice managers an idea how much a software solution will either save them (or cost them) per month.
Beyond Implementation: A Prescription for Lasting EMR Adoption
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Heather A. Haugen PhD<
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Before using the EMR ROI calculator, ask the vendor the following questions about the product: How much does the EMR cost? How much hardware is required to run the EMR? What is the cost of maintenance? What is the average cost of training the staff? Once you have this information, the calculator will ask for the following information regarding your practice:
Paper Materials – Number per day and cost per unit
• New patient charts
• Superbills
• Faxes
Cost of Medical Record Space
• Size of room
• Monthly rent paid per square foot
Monthly Employee Cost – Minutes spent per action
• Patient Chart Pulls
• Patient Chart Filing
• Chart Transfer to Other Locations
Physician Time – Minutes spent per action
• Record dictation

After entering the data, the EMR ROI calculator generates an immediate estimate. Depending on the work flow of your practice and the particular EMR in mind, the calculation determines whether or not the implementation will result in savings or loss in the following areas:
• Staff Time – The more records converted to electronic means less chart pulling staffing expenses.
• Paper Supplies – Fewer paper charts mean less printing, telephone faxing and less need to purchase paper.
• Additional Patients Seen – An efficient workflow allows the practice to treat more patients in a day that previously possible.
• Financial Savings/Cost Benefit of EMR – This is the number that will really sum it up for you.

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