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Unit 9 Assignment
Name
Institution Affiliate
With the help of the board of directors, we are requesting to bring on board the new electronic health record which will help in the keeping the information about the patients who have been treated in our hospitals. When working with this electronic health record, the doctors will find it easy to check the details of the patient and even to know the best solution to apply to the recurring diseases of the patient. Information technology normally has the potential of transforming healthcare (Denison & Montevoy, 2011). The system should also include the preventive measures, and above all, the system should be affordable cost-effective and easy to maintain by the organization. A new policy that uses the electronic health record has created incentives used in major firms in relation to the expectation that the leaders of the hospitals have that will improve care and lower costs of treatment (Meyerhoefer et al., 2016).
Our plan will entail the budgets for the education of the doctors on how to apply the new technology (use of the new electronic health record). The training will require specialists who will be carrying out the education service to the doctors. The specialists will be given some amount of money per day, and that will be multiplied by the number of days that the training will take. The software will require maintenance for some years. The organization should come to a consensus on the number of years that we are going to embrace and each month of maintenance will be paid for.

Finally, our budget for the software which is the main concern in our hospitals should be agreed upon. The budget for the new technology should show where the funding will be gotten from and the time at which the software will be bought. It is vital to note that the use of ICT is growing rapidly and should also be embraced in the health sector (Kuo, Shabestari, Courtney, & IOS Press., 2013).
Revenue cycle should indicate how the new electronic health record will require minimum use of the firm’s revenue and how it will be cost effective. The application of the new technology will enhance the following: Revenue protection- it will show the flow of funds and how the standardization of the fund used will be managed. When applying the new technology, what benefits will the firm make when the system is embraced, the performance of the system and how will it fasten the functioning of the activities in the hospitals which uses it? Another factor to be taken into account in the revenue cycle is the Revenue Recover; it involves the net profit that the organization will make when they apply the new system to their hospitals.
IT is currently transforming the practice (Paul et al., 2015). Revenue recovered also shows the duration that the organization will take to get back the fund that they used to buy the system and including the other expenses that are used in training of the doctors and even the maintenance of the system. Another part of the revenue cycle is the Revenue Reassure; it shows the management of the reports got from the system that has been implemented and the pricing of the products used in the organization. Finally, the revenue Intellect that is used to quantify and also to isolate the revenue leaked in the system and outside the systems that have been applied in the in the organization (the new electronic health record). The analysis, therefore, should include all the factors that are required in the revenue cycle.
Ideally, EHRs can lead higher productivity and even more quality care since it provides easy access to standardized and latest data that raises the decision making for clinics and hinders the delays in care provided, thus preventing harsh events and giving room for more effective treatment (Meyerhoefer et al., 2016). The new technology helps in dealing with emergency especially where the illness is recurrent in a given patient. The database kept in the health record is of help in the time saving since the doctor doesn’t have to take much time when checking the history of the patient especially when the patient is in intense pain or is ill such that he or she cannot explain the problem he or she is going through. In contrary, the fact that the electronic health record was meant to make the work more reliable and faster, it cannot help in some of emergency and also it can lead to loss of lives especially when the data is corrupted through hacking as well as when the data fail to match the patient detail for instance when the details of the patient were not entered correctly. There are also safety problems when it comes into the use of the EHR since the devices used require electricity that can, in turn, be hazardous to the user. Similarly, the devices that are used in the EHR require being powered by electricity which requires more expense and therefore making it less efficient. Several errors brought by the EHR have led to the death of patients since the information displayed is contradicting that of the patients’ infections.
The organizations find it more efficient when working in conjunction with the other firms to bring about effectiveness since different firms have different developments which can be copied by our firm. When another firm embraces a given technology from another, they are likely to display it to the public, and this may lead to the exposure of the report of the CIO since it can be used for analysis by the other firm. Through learning, the information used by another hospital can easily be used by another hospital and therefore that hospital can expose the report from the CIO which had been made in the past hence leading to the report to be publicly seen by other people.
Reference
Meyerhoefer, C., Deily, M., Sherer, S., Chou, S., Peng, L., Sheinberg, M., & Levick, D. (2016). The Consequences of Electronic Health Record Adoption for Physician Productivity and Birth Outcomes. ILR Review, 69(4), 860-889. http://dx.doi.org/10.1177/0019793916642758
Denison, C. & Montevoy, E. (2011). Transforming healthcare with health information technology (1st ed.). New York: Nova Science Publishers.
Paul, M., Greene, C., Newton-Dame, R., Thorpe, L., Perlman, S., McVeigh, K., & Gourevitch, M. (2015). The State of Population Health Surveillance Using Electronic Health Records: A Narrative Review. Population Health Management, 18(3), 209-216. http://dx.doi.org/10.1089/pop.2014.0093
Kuo, A., Shabestari, O., Courtney, K., & IOS Press.,. (2013). Enabling Health and Healthcare Through ICT: Available, Tailored and Closer (Studies in Health Technology and Informatics) (1st ed.). IOS Press.