75 minutes; standard DVD format (NTSC, SD); chapter menu.
Includes accompanying CD-ROM with handouts in PDF format, slides in PPS format, written report with links to the underlying source materials and reflective analyses by physicians and administrators.
Catalog ID: DVD-ROI08A-0059
Research sponsored independently by Healthcare IT Transition Group and a national nonprofit organization is at the heart of the revealing analysis in Getting ROI from Health IT.
In a six-month research project, Healthcare IT Transition Group found strong evidence of investment returns from Electronic Medical Records (EMR), Computerized Physician Order Entry Systems (CPOE), Computerized Decision Support Systems (CDSS), Electronic Medication Administration Records (eMAR) and other health IT applications. The findings point to ways that these implementations can reduce costs and increase profits for small physician offices and group practices, as well as large health systems. In fact, investigators focused much of their efforts on physician practices. Not only are practices lowering costs and improving personnel satisfaction, but the evidence shows that many are boosting profits significantly.
But what is it about the successful health IT projects that makes them work? By reviewing the evidence, with reviews from the field and the words of the physicians and administrators themselves, this analysis is designed to provide both the general concepts behind successful implementations, and some very specific pitfalls to avoid. The investigators present their findings from a deep review of the academic literature and through thirteen case studies of actual implementations in physician practices, hospitals and other settings reviewed in depth.
Unlike much of the available information on health IT economics, HITTG's electronic health records research was undertaken free from any potential influence from technology vendors or service companies. The analysis is a bold and refreshingly independent view of the HIT ROI landscape, offering actionable information to ease the health IT transition and help assure successful and economically attractive implementations in nonprofit and for-profit environments.
Among the topics covered:
- Rationale: Reasons providers seek automation
- Return on investment: Definitions from multiple perspectives
- Getting Granular: What to measure
- Key data points in tracking ROI
- Second-layer effects: Hidden ROI
- Where to begin: Starting with the low-hanging fruit
- What to ask for from vendors to optimize for ROI
- Case studies from thirteen provider environments
- Health IT ROI and the bigger picture: Patient responsibility, P4P, defensive quality tactics, POA rejections, "denial engines," RAC's, competive advantages...
Intended Audience
- Independent and group physicians
- Hospital, physician group and IPA administrators and finance personnel
- EMR/EHR/CPOE implementation personnel
- Payers involved in EMR adoption efforts
- Health IT technology vendors, consultants and advisors
- Vendors seeking value proposition data
Researchers & Presenters
Martin Jensen served as Chief Analyst at Healthcare IT Transition Group, a consultancy whose clients include healthcare providers large and small, health IT software and service companies, and some of the nation's largest health plans. Marty has broad and deep experience in health IT remediation projects in state Medicaid, vendor and payer organizations. His eighteen years in healthcare IT include work in health plan remediation and provider outreach, engagements with software vendors in product development and systems design, and over fourteen years in business analysis and project management for provider organizations. Marty was honored in 2007 with the Workgroup for Electronic Data Interchange (WEDI) Distinguished Service Award.
Michael Christopher brings twenty years' experience in executive management and capital development with an emphasis in the implementation of information systems. He has held executive positions in the healthcare and human services sectors in IT capital development, finance and marketing. Michael has led the business case and grant writing process for numerous successful capital projects seeking private, state and federal funding. For a technology vendor, Michael served as the chief architect of a suite of financial applications targeting healthcare and human services administration. He is the lead investigator in the 2007 Survey of Regional Health Information Organization Finance, and also conducted the 2006 survey and served as principal author on the RHIO finance study reports. He compiled the landmark reference work
The Health IT Grant Resource Directory.
