IT Value Realization Assignment
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Added on 2021-06-14
IT Value Realization Assignment
Added on 2021-06-14
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Running head: IT VALUE REALISATIONThe Business Case for Investing in EHR within a Doctor’s PracticeName of the Student:Name of the University:
1IT VALUE REALISATIONTable of Contents1.0 Background information............................................................................................................21.1 Overview of doctor’s practice and challenges faced in medical marketplace.......................21.2 Explanation of EHR and EHR vendor...................................................................................22.0 Executive Summary...................................................................................................................33.0 Key recommendations...............................................................................................................44.0 Strategic context........................................................................................................................55.0 Analysis of the investment.........................................................................................................85.1 Evaluation approach used in analysis....................................................................................85.2 Financial benefits and costs...................................................................................................85.3 Non-financial benefits and costs..........................................................................................125.4 Risks of implementation......................................................................................................135.5 Organizational change impact.............................................................................................145.6 Real options and future digital opportunities supported by the investment........................146.0 Benefits realization..................................................................................................................157.0 Ethical and social implications................................................................................................178.0 Limitations...............................................................................................................................19References......................................................................................................................................21
2IT VALUE REALISATION
3IT VALUE REALISATION1.0 Background information1.1 Overview of doctor’s practice and challenges faced in medical marketplaceWithin Australia, NSW Health Department stated that the general doctor’s practices arethe drivers of the Australian health care activities. The general practices are provided ofcomplete and coordinated along with holistic care to the individuals as well as families into thecommunities. There is better understanding of the health, illness as well as diseases from theexperiences, maintainability of the relationship among the patients and persons for gathering ofknowledge. The General practitioner in Health care can able to manage healthcare uncertainty;lead and support along with coordinate the flexibility. The possible challenges into the medicalmarketplace are time pressure to see the patients, phone interruptions throughout theconsultations, intrusion of the work into the family life, patients have difficult to manage, earnedenough of money and intrusion of work on the social life. 1.2 Explanation of EHR and EHR vendorThe best practice which is an innovation of the medical software is leader for themarketing as well as supporting the quality software product for the Australian medical practices.The EHR vendors are as follows:BP premier: They are made for the General Practices with use of advanced technology. Itis enabled to maintain the records of the electronic patient, advance into the billing appointmentas well as reporting modules.BP VIP.net: It is provided of customized supports for the installation phases,maintenance as well as consultations.
4IT VALUE REALISATIONBP allied: The product is for the allied health professionals, it is easier to use as well asaffordable for the customized software.BP titanium: The product is provided of choices like the cloud based and on-premisehosted solutions with basic functionality. It is easier to use with rich features such as web baseformat. 2.0 Executive SummaryThe business report is based on use of Electronic Health Records (EHR) into the clinicalsettings is considered as patient centered healthcare delivery system. For the healthcare practices,there is an uncertainty into the cost recovery from the investments of EHR which is the majorconcern for the General Practices. It is recommended that EHR is the innovation enabler withproviding of benefits regarding reduction of cost of healthcare, with improvement over thequality as well as safety to achieve of the patient centered healthcare. The implementation ofEHR systems into the healthcare organization is complex with the physicians as well ashealthcare staffs. The healthcare providers are invested into the EHR technology as they arecontinued to see the primary barriers into the adoption. In order to bridge gap into theimplementation of EHR systems, the healthcare practices are required to arrange for thefinancing, then implementation process is provided of maximum incentive payout. The findingsof this report are that healthcare practices are navigated into decision making processes byexplanation of finance options. The paper also provides analysis of the financial and non-financial investments by use of NPV, ROI, IRR, and Breakeven Point as well as use of KPI andbalance scorecard respectively. The study is based on analyzing the IT issues into the healthcareindustry. The frequent issues with implementation of EHR system are incompatibility of system,
5IT VALUE REALISATIONineffective data conversion because of lack of experiences, security and privacy issues,accessibility issues, network issues, unexpected cost, increased of workload because of impropertraining, loss of data, virus errors and manipulation of data. The study is replicated in futurebecause of trace of trends as well as affect of the healthcare evolution. It is found that a positiveROI with EHR is achieved of cost recovery from investments of EHR. 3.0 Key recommendationsThe healthcare providers are wanted the electronic health record systems for benefitingthe healthcare practices. Adoption of EHR process is not easier, but the physicians are successfulto have drive. The primary recommendations are:1.It is recommended to implement of right system into the healthcare industry so thatproper health related services are provided to the staffs and patients. 2.The system should consist of human as well as electronic piece where the electronic pieceis gathered of amounts of information, clinical decision supports and track the healthrelated information. 3.They should be tracking of higher risks of the patients and keep it out of the hospital.There is huge success into the healthcare industry because of EHR system. The secondary recommendations are:1.The healthcare policies are increased the rate the physicians can able to use of the EHRfor realization of the benefits to order duplicate of laboratory tests as well asidentification of required tests.
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