Congressional Budget Office questions whether health information technology really saves money
Patient Safety Monitor Alert, May 28, 2008
Want to receive articles like this one in your inbox? Subscribe to Patient Safety Monitor Alert!
The Congressional Budget Office (CBO) released a report lat week questioning projections that investments in health information technology (HIT) would help save healthcare companies money, reports The Wall Street Journal. Health Information Technology refers to electronic medical records for a hospital or community, among other modes. A Rand Corporation analysis predicted an average annual savings of $77 billion for the entire industry, a prediction which is just not true, says the CBO.
The CBO did not refute that in certain circumstances, incorporating the use of HIT into daily practices can save the healthcare industry money. However, HIT alone will not brings costs down, the report says. As of 2006, only 11% of hospitals were using HIT, according to a CBO report. HIT has been widely endorsed as a method of cutting down costs and increasing patient safety.
To read the article, click here. (Subscription is required)
Want to receive articles like this one in your inbox? Subscribe to Patient Safety Monitor Alert!
Comments
0 comments on “Congressional Budget Office questions whether health information technology really saves money ”
Related Products
-
Patient Safety Monitor
As part of your Patient Safety Monitor membership, you'll receive Briefings on Patient Safety. In this 12-page monthly...
-
Patient Safety Monitor Alert
This e-mail newsletter provides healthcare professionals with the latest patient safety news, while offering useful...
-
Patient Safety Quality Monthly
Ken Rohde, Senior Consultant for The Greeley Company with over 25 years of experience in quality management. His roles in...
-
Occurrence Reporting:
Take advantage of the information occurrence reports provide and make sustainable enhancements at your facility. Expert...
Most Popular
- Articles
-
- HIPAA Q&A: Answering service messages
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q&A: Coding for dry skin due to cold weather
- Q/A: Volume requirement for reporting hydration services
- Are your workforce members texting PHI?
- Topic: CMS, OESS post new security compliance review information, checklist
- What does case-mix index mean to you?
- Privacy, security concerns high in HIEs
- QA:Coding multiple initial infusions
- OB services: Coding inside and outside of the package
- E-mailed
-
- Featured blog post: Nurses face felony charges after reporting physician to the Texas Medical Board
- Q/A: Volume requirement for reporting hydration services
- HIPAA Q&A: Level of encryption needed for email
- HIPAA Q&A: Answering service messages
- HIPAA Q&A: TPO disclosures to a business associate
- Are your workforce members texting PHI?
- Q&A: Coding for dry skin due to cold weather
- Hospitalist-surgeon comanagement has no effect on outcomes
- Don't let these sentinel events trigger falsely
- Correctly bill ancillary bedside procedures in addition to the room rate
- Searched