While many physicians believe return on investment (ROI) in health care technology is a figment of an overactive imagination, a growing body of evidence supports the conclusion that clinical applications increase efficiency, improve quality, and boost patient safety.
In his recent blog, “A Message to America’s Physicians: Purchasing EHR Technology A Shaky State of Affairs,” David Kibbe, MD, says that cost of purchase is not the primary barrier to EMR implementation – uncertainty is. But that doesn’t have to be the case.
To illustrate his point, Kibbe quoted Lawrence Summers, director of the White House’s National Economic Council. “If you as a business were considering buying a new boiler, and if you knew the price of energy was going to be high, you would buy one kind of boiler. If you knew the price of energy was going to be low, you’d buy another kind of boiler. If you didn’t know what the price of energy was going to be, but you thought you would know a year from now, you wouldn’t buy any boiler at all.”
According to Kibbe, what this means is that physicians who know their reimbursement rates will be high will buy one kind of EMR, while physicians who know their reimbursement rates will be low will buy another kind of EMR. On the other hand, physicians who don’t know what their reimbursement rates are going to be, but think they will know a year from now, won’t buy any EMR at all.
While there is certainly some logic to this, EMR implementation isn’t just about reimbursements. Certainly, reimbursements are important, especially for physicians in small practices. That’s because the amount they are paid per encounter by health plans, Medicare, and Medicaid are what determines how much money, net of expenses, they will have available for significant investments such as EMR technology.
But EMR technology can save you money in the long run. As with any technology there is an up-front cost, but the return on investment (ROI) increases with each year after implementation. While many believe ROI in health care technology is a figment of an overactive imagination, a growing body of evidence supports the conclusion that clinical applications increase efficiency, improve quality, and boost patient safety. That’s particularly true if you choose an EMR that can stand the test of time—so choose wisely, but choose soon.

More than 70 percent of office-based physicians are eligible for federal incentives but do not have a basic EMR, according to a recent study. However, that will likely change from 2013 through 2015, the final years of the HITECH bonus period, and as younger physicians begin practicing medicine.
Why buy an EMR if you’re not going to use it? At gloStream, our proprietary, five-stage gloStream Detailed Needs Analysis (gloDNA) helps us gain a complete understanding of the way each practice functions—and act accordingly for better results.
More and more office-based physicians plan to implement EMRs and qualify for federal incentive payments, according to recent survey data released by the ONC. Moreover, 41 percent of doctors surveyed are planning to achieve meaningful use and take advantage of the incentive payments.
EMRs provide measurable benefits for providers of all sizes, including small practices, according to a recent survey. Plus, the return on investment is high: According to researcher, it costs just $7,857 and takes just 130 hours to implement an EMR at a five-member practice.
EMRs should help, not hurt, your practice and your patients. Many respondents to a new survey are worried that EMR implementation will lead to lower-quality care for their patients. But that doesn’t have to be the case.
A new study shows that health care providers will use technology to improve care and cut costs in 2011.
Republican bill that imperils funding for meaningful use incentives has a long way to go before it becomes law—if it ever does.
National Ambulatory Medical Care Survey shows that EMR adoption crept up from 48.3 percent in 2009. More than half of physicians were using at least partial electronic medical records (EMRs) in their offices by the end of 2010, according to a survey by the CDC’s National Center for Health Statistics.
Doctors can track patient location from admission to discharge, access and share daily schedules and calendars, order labs, refill prescriptions, and more.

