Healthcare HIT System Selection Project: Business Case and ROI

Verified

Added on  2022/09/06

|21
|1642
|25
Presentation
AI Summary
This presentation examines a Health Information Technology (HIT) system selection project, focusing on Medical Practice Management (MPM) software. It begins with an introduction to HIT and its importance in healthcare organizations, emphasizing its role in meeting patient and community needs and improving quality. The presentation then delves into the alignment of MPM with organizational HIT strategies, covering financial, value-based, operability, technology, HR, and need strategies. It highlights MPM's operational effectiveness in streamlining administrative and clinical tasks, automating processes, and handling extensive patient data. The competitive advantages of MPM are discussed, including its ability to manage patient flow, generate reports, and enhance efficiency. The presentation also includes a business case analysis, emphasizing the cost-effectiveness and patient-care benefits of MPM. Finally, it concludes by highlighting the significant return on investment (ROI) associated with MPM and its overall value in healthcare settings. The presentation is well-structured and references relevant sources, including the textbook, to support the findings.
Document Page
Health information technology
(hit) system selection project
Student Name:
Student Number:
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Overview of the presentation
Introduction
Need for HIT
Selection as per the organization’s HIT strategy
HIT software’s operational effectiveness
Competitive advantage of the package
Highlights of the Business Case
HIT ROI
Conclusion
References
Document Page
Introduction
Health information technology (HIT) is integral in organizations that
delivers healthcare services.
HIT is regarded as a core business process treated as an input in
production process (Fontaine, Ross, Zink & Schilling, 2010).
Inputs to HIT is regarded under a valuation paradigm.
Establishment of value in healthcare investments has emerged as a
challenge.
Clinical technologies is subjected to critical valuation for cost
incurred.
There are a lot of issues associated with investments related to HIT
(Abdulhakim, Gros tick & Hanke, 2014).
Document Page
Need for HIT
While there are a number of methods for evaluating the need for
investing in HIT, there are certain pertinent uses of it.
HIT provides organizations with capability to meet needs of patients
and community (Buntin, Burke, Hoagland & Blumenthal, 2011).
HIT allows improvisation in quality levels.
There are multiple other applications of HIT with financial barriers
being the main reason preventing its implementation.
Other challenges in implementing HIT encompasses interoperability
and acceptability by clinical staffs.
Lack of adequate technology and availability of qualified staffs for its
implementation (Kellerman & Jones, 2013).
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Selection as per the organization’s HIT strategy –
Medical practice management (MPM)
HIT has to be selected for the organization as per its alignment with
the organization's HIT strategy.
Financial Strategy: The HIT needs to conform with the budgetary
limitations as imposed by the organization. This will allow confirming
with financial strategy of the organization.
Value-based strategy: It needs to adhere to cater to specific value
segment which the organization aims to attain. The IT Governance
Institute has developed a multipart initiative for support of HIT value
realization. Such framework can determine the value realized by HIT
and its alignment with the organization’s HIT strategy.
Document Page
Continued…
Operability Strategy: There remains certain system based challenges
that HIT (MPM) needs to overcome. If the HIT aligns capability to be
operated within the organization then it can align with the
organization’s HIT strategy.
Technology Strategy: The HIT selected has to align with the
organization’s HIT strategy. The organization needs to possess
technological know-how for the application of HIT.
HR Strategy: The selected HIT need to match with the HR strategy of
the organization (Jones, Rudin, Perry & Shebelle, 2014).
Need Strategy: Most importantly, the selected HIT needs to match the
needs of the organization, such that it can cater to its patient and
other needs.
Document Page
Continued…
MPM software makes use of a collection of computerized services by
healthcare professionals.
It is used in administration for streamlining day-to-day tasks in
medical practice.
Its capability to improve efficiency and quality of operations for
delivering of quality medical care.
MPM can be used in general practice organizations and specialized
service providers.
It has utility in small to medium sized healthcare organizations.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Continued…
The software focuses on administrative and financial tasks then it has
capability to be combined with electronic medical records (EMR).
It has capability to handle large datasets in insurance companies,
medical facilities and other medical organizations.
Some other capability includes entering and tracking of patients in
the system.
Documenting patient demographics.
Scheduling of patient appointments.
Execution of electronic bill procedures.
Sending claims for insurances.
Document Page
Continued…
Creation of reports for medical staff members.
The software package has capabilities to ensure healthcare
organizations such as hospitals and clinics to adhere to industry,
federal and state regulations and requirements.
Public health officials might have beneficial information from this
package.
In case third payers need access to billing information benefitting
from streamlining information through use of MPM software.
Internet connection and simple computer network is needed for
required MPM software for its functioning.
Document Page
Selection’s operational effectiveness - MPM
Medical Practice Management software enables management of
varied administrative and clinical aspects of practice.
It is capable of centralizing various systems to let systems function in
an efficient manner (Creswell & Sheikh, 2013).
It has capability to automate almost every task, which fits in “health
information management”.
It enables diversified functionalities from organizing appointments to
verification of insurances.
It can process highly complex patient information.
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
Selection’s operational
effectiveness - MPM
It can be used as desktop-only software, client-server software
internet-based software.
Desktop-only software can be utilized on single computer by
providing access to limited number of people.
It can be used as client-server software, with support from multiple
users through data sharing with access to external on-site server,
which can be leased or bought by healthcare professionals.
Document Page
Competitive advantage of the recommended
solution
Handling extensive data: It has capability to process and handle
extensive patient data.
Operational Capability: It can manage the healthcare facility’s clerical
work, for example management of patient flows and handling other
general documents for the office (Abdulhakim, Gros tick & Hanke,
2014).
Features: It does not need inclusion of patient’s medical data. It has
capability to retain records of patient demographics.
Extensive Dashboard: Another feature of the software package is its
extensive dashboard having varied features, which can be used by
many at the same time.
chevron_up_icon
1 out of 21
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]