November 18, 2009
EMR ROI
Written by: John
HIMSS has been collecting stories of EMR success. One of my readers asked for more of these stories as well. So, I figured I’d highlight one that I found that was an interesting look at the ROI he received from implementing an EMR. Here’s an excerpt of the ROI they Glynn Medical Associates out of Georgia saw:
The first three months of going paperless were stressful. However, returns have proven the transition well worth it, with the practice saving approximately/conservatively $200,000/year. Also, one physician in the practice is seeing 33 percent more patients daily with use of the EMR system helping to increase patient satisfaction.
Glynn described that the above benefits came from:
- Transcription Cost Savings
- Reduced Medical Records personnel (through natural attrition)
- Reduced Billing personnel (through natural attrition)
- Rent Savings (moved into smaller office space)
Stories like this reinforce my belief that there’s a great case to be made for EMR software regardless of EMR stimulus money. Along with the above benefits, check out this list of potential EMR benefits.
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ROI = Increase in revenues + Decrease in costs.
Great information about how Practices can get the ROI even without the stimulus money. We have compiled a paper on how various Practices have achieved ROI with EMR on our website[requires registration].
[...] the EMR customized. For those practices that select a well designed EMR this ends up providing a great ROI for the practice’s investment in EMR. Sadly, this is also likely the reason that the EMR implementation failure rate is so high. When [...]