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Demand for Improved Quality and Efficacy in Healthcare Services Drive Implementation of EMRs - New analysis from Frost & Sullivan, Electronic Medical Records finds EMRs will revolutionize the way a clinician practices medicine, by offering error free solutions, thereby improving the quality of care
Demand for Improved Quality and Efficacy in Healthcare Services Drive Implementation of EMRs

 

NewswireToday - /newswire/ - Palo Alto, CA, United States, 2007/08/21 - New analysis from Frost & Sullivan, Electronic Medical Records finds EMRs will revolutionize the way a clinician practices medicine, by offering error free solutions, thereby improving the quality of care.

   
 
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Healthcare providers are realizing the need to create a digital replica of their paper-based records, due to the constraints and fallacies of medical charts. This is encouraging implementation of clinical systems including computerized physician order entries (CPOE) and clinical documentation with electronic medical records (EMR), which can significantly improve the quality and efficacy of healthcare practice.

New analysis from Frost & Sullivan (ti.frost.com) Electronic Medical Records finds EMRs will revolutionize the way a clinician practices medicine, by offering error free solutions, thereby improving the quality of care.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the Electronic Medical Records, then send an email to Melina Trevino - Corporate Communications at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, email address, city, state, and country. We will send you the information via email upon receipt of the above information.

The inherent flexibility and the expanding capabilities that are offered by the electronic version have helped providers to benefit on all fronts. EMRs help facilitate communications among clinical staff and have a significant impact on the overall operational efficiency.

EMRs effectively reduce the time required to delve into patient charts to obtain information and nursing documentation. With clinicians spending less time filing and searching for data, patient satisfaction is subsequently increased. This has indirectly led to savings to most healthcare practices. Further, EMRs reduce the supply costs by a high margin within a hospital setting, where the storage and supply costs are generally high.

“EMRs can enable healthcare providers to efficiently manage overhead expenses and improve revenues with complete reimbursement for services,” finds Frost & Sullivan Research Analyst, Pramodh Ishwarakrishnan. “This allows providers to effectively respond to evolving conditions without succumbing to market pressures.”

The increasing use of mobile and wireless technologies is likely to impel the adoption rate of EMRs in the future. The use and availability of tablet PCs offering longer battery life and light-weight tablets offering superior performance can facilitate bedside use, and can thereby enable clinicians to attain the benefits of electronic health records (EHRs).

Networked access through a range of devices across the extensive healthcare area provides a variety of benefits, including the reduction of medical errors and increased operational efficiency. EHR not only analyzes workflows and processes, but also helps the understanding of the modifications required before the switch. Integrated models offer clinicians easy access to the entire system and a host of functionalities to make instant decisions.

Although EMRs can enable healthcare providers to efficiently manage overhead expenses and improve revenues with complete reimbursement for services, physicians’ resistance to change, the lack of financial incentives, and office technology challenge their implementation.

Moreover, during the transition to a paperless office, the additional costs incurred within a hospital setting for the transformation is followed by the decrease in revenues that have resulted from seeing fewer patients during this change.

“While productivity is likely to be dampened in the first few weeks after EMR implementation, hospitals and ambulatory care settings can return to a full appointment schedule,” explains Ishwarakrishnan.

Capital cost outlay, or the lack of capital required to implement a comprehensive clinical solution is a matter of concern within the healthcare community. To help defray costs following conversion and installation, financial subsidies and tax credits could be provided. Grants could be provided to organizations that meet certain readiness criteria, and vendors could be rewarded for providing interfaces between systems.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics.

 
 
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Demand for Improved Quality and Efficacy in Healthcare Services Drive Implementation of EMRs

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Publisher Contact: Melina Trevino 
210.247.2440 melina.trevino[.]frost.com
 
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