EMR systems could save billions
Patient Financial Services Weekly Advisor, September 23, 2005
A new study estimates that adopting a standardized electronic medical records (EMR) system over the next 15 years would cost hospitals $95 billion - and save them $196 billion per year.
The study, conducted by the RAND Corporation, a nonprofit research organization, points out that the federal government will need to aid the healthcare industry in speeding the diffusion of healthcare information technology (HIT) and removing barriers in order for a standardized system to be put in place.
Key barriers include the acquisition and implementation costs for healthcare providers, slow and uncertain financial payoffs, and disruptive effects on practices, the authors say.
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