Government  Health IT
TwitterFacebookLinkedIn
  • Home
  • Topics
    • Cloud Computing
    • Election 2012
    • Electronic Health Record
    • ePrescribing
    • Health Information Exchange (HIE)
    • Meaningful Use
    • Medicaid
    • Medicare
    • Military Health
    • Mobile/ Wireless
    • NHIN
    • Policy & Legislation
    • Population Health
    • Privacy and Security
    • Quality and Safety
    • Telehealth
    • Workforce Management
  • Issues
    • Sept/Oct 2011
    • July/August 2011
    • May/June 2011
    • March/April 2011
    • Jan/Feb 2011
    • Nov/Dec 2010
  • Webinars
    • Upcoming Webinars
    • On Demand Webinars
  • White Papers
  • Blog
  • Events
  • Jobs
  • RSS
  • Slideshows
  • Videos
  • Podcasts
  • Newsletters
  • Advertise
  • LOGIN
  • REGISTER
  • SUBSCRIBE
Home » Blogs » Electronic Health Record

  • del.icio.us
  • Digg
  • Facebook
  • Google
  • Reddit
  • StumbleUpon
  • RSS Icon
  

Tweet

Why health execs don't understand the ROI of HIT

October 26, 2012 | Jeff Rowe, Editor, EHRWatch

Suggested Content

  • Q&A: MeHI director looks at Massachusetts' HIE road ahead
  • Why HAI health IT should fall under meaningful use
  • California HIX eyes uninsured

Related Resources

  • VMware View for Healthcare: Improve Clinician Workflow
  • QualSight LASIK Achieves HIPAA Compliance After Attempted Hack
  • HIPAA Compliant Hosting
  • Better Outcomes in Healthcare IT | Key Lessons from an IT Leader
  • The Power of User Virtualization: Meeting Meaningful Use, Optimizing IT and Clinical Productivity

A new report finds that many healthcare executives are dissatisfied with their organization’s efforts to determine the return on investment (ROI) on recently installed EHR systems.

Released by Beacon Partners, a healthcare management consulting firm, the results are based on a survey of more than 300 exeutives.  According to the report, only 40 percent of respondents to the survey said they were using performance measures for their systems, and only 36 percent were satisfied with the extent to which their organizations had been measuring overall ROI.

In a release accompanying the report, Alan Cudney, Executive Consultant at Beacon Partners, explained, “Our primary goal in conducting this survey was to get a better understanding of how healthcare organizations – including multi-hospital systems, community hospitals, and academic medical centers feel about their organization’s efforts to measure the value obtained from investments in healthcare information technology.”

[See also: Top 12 reasons health providers overpay for HIT]

The report noted that 48 percent of respondents said their performance measures were “determined during the planning stages of EMR implementation,” but also that “performance measures were implemented post-EMR implementation in at least one patient care area 32 percent of the time.”

Interestingly, the survey found that 76 percent of organizations are “at or above Stage 3 for IT deployment” according to the HIMSS EMR Adoption Model. In other words, a significant majority of healthcare organizations are moving to new health IT, but not enough are figuring out whether they’re getting their money’s worth.

So here’s our question: In the various federally-funded technical support programs, most notably the RECs, how much focus, if any, has been put on helping healthcare organizations determine the ROI on their health IT investments?

If little or none, then it seems fair to suggest policymakers are missing an opportunity. After all, healthcare executives are paid to have an eye for the bottom line. So even as they provide the direct technical expertise for systems implementation, support organizations might also want to take steps to ensure that providers making the switch are up to speed sooner, rather than later, on how to determine what they’re getting, in financial terms, for their investment.

Assuming a good ROI can be demonstrated, that’s bound to build necessary support for the digital transition.

Related Topics:
  • Electronic Health Record
  • Beacon Partners
  • Person Career
  • healthcare
  • Alan Cudney
  • information technology

Reader Comments (0)Login to Post a Comment

Most Popular

Latest Headlines
Most Popular
  • Why modernizing state IT infrastructures is crucial for HIX
  • Report: HIT market will swell to $56B by 2017
  • OIG lets state Medicaid fraud units use federal funds for analytics
  • $1M grant bringing HIE to rural CA providers
  • Hagel says DoD to adopt commerical EHR
  • Is the presidential election healthcare's own perfect storm for EHRs?
  • Stage 2 meaningful use: Patient engagement and HIE
  • Doctors Using Electronic Health Records Provide Higher Quality Healthcare
  • Impacts of ACA and Massachusetts law still to be measured; some see costs falling
  • Why health execs don't understand the ROI of HIT
more Blog

WEBINARS AND WHITE PAPERS

  • WHITE PAPERS
    A Reference Architecture for Healthcare Benefit Exchange
  • WHITE PAPERS
    Enterprise-class API Patterns for Cloud & Mobile
  • WHITE PAPERS
    Your Cloud in Healthcare - How to Use the Cloud to Achieve Greater Business Agility
  • WHITE PAPERS
    The First Federal Private Cloud: Learn to Shape, Transform & Manage Applications
  • WHITE PAPERS
    Beyond the EHR: Seamlessly Connecting Nurses and Physicians Using an EHR-Extender (EHR-e)
More Resources
Syndicate content

HIMSS JOBMINE

  • Director of Clinical Applications - MidMichigan Health - Midland, MI
  • Information Services Director - Central Peninsula Hospital - Soldotna, AK
  • Director, Marketing and Business Development - Vermont Information Technology Leaders, Inc. - Burlington, VT
  • CIO - Bend Memorial Clinic - Bend, Oregon
  • Director of Clinical Transformation - Agnesian Healthcare - Fond du Lac, WI
more jobs
receive news by email

Marketplace

  • Home
  • Resource Central
  • Blog
  • Events
  • Jobs
  • Mobile Site
  • Advertise
  • RSS
  • About
  • Site map
  • Privacy Policy
Follow Government Health IT on TwitterLike Government Health IT on FacebookJoin Government Health IT on LinkedInRSS Subscriptions
BlogEvents
JobsMobile SiteMobile App
 
Healthcare IT NewsHealthcare Finance NewsHealthcare Payer NewsHIEWatch ICD10Watch mHIMSS PhysBizTech
©2013 MedTech Media Government Health IT is a publication of MedTech Media
Advertise About Us Privacy Policy