How is Electronic Medical Record Beneficial for Healthcare Industry?

electronic-medical-record-beneficial-for-healthcare-industry
EMR stands for Electronic Medical Records, which are the digital equivalent of paper records, or printed matter or documents at a medical organization. EMRs are a collection of records, information like the medical history of patients, ongoing treatment, and upcoming appointments, etc. in an organized manner. These records have the potential to provide substantial benefits to physicians, clinic practices, and health care organizations. Because of technological advancement in the Medical Industry, the scope of EMR & EHR, medical billing software, Remote Patient Monitoring systems, etc. is increasing day by day. Let’s understand how is Electronic Medical Record Beneficial for Healthcare Industry?

Advantages of EMR Implementation

  Electronic medical records have made it easy to create, gather, manage, and analyze the data and information in an effective way, to make the processing easy and user-friendly. This is how it can save efforts and time and can be stored safely for a really long time. The key benefit of EMR is that the data can be accessed by any healthcare provider, meaning that instead of having different charts at different healthcare facilities, a patient will have one electronic chart that can be accessed from any healthcare facility using EMR software.
  1. Financial Benefits: If you are thinking to implement EMRs in your facility, you should consider the financial benefits. According to a case study published in The American Journal of Medicine, EMR users saved on office expenditures, improved the recording and reporting of billing services, improved efficiency in radiologic diagnostics, and decreased billing errors. Also, reduced operational costs such as transcription services and overtime labor expenses and the amount are considerable.
  2. Better Patient Care and Treatment: With an EMR system, you can understand and prescribe medication for patients online more safely as you will already know if the patient was prescribed any medication from another doctor. You can quickly know each patient’s health problems and any allergies they may have. With such detailed information, you can treat and care better and efficient, and it gives satisfaction to your customers.
EMR software systems will provide links to articles, videos, and images that can help patients better understand their specific healthcare situation. With this technology, patients can make more informed decisions about medical procedures and lifestyle adjustments The ability to quickly transfer patient data from one department to the next is a big plus in case of emergencies, and patients can quickly and easily receive electronic copies of their healthcare information upon request. Advantages and Disadvantage of EMR Implementation

Disadvantages of EMR Implementation

Along with the above-cited advantages, EMR possesses some disadvantages as well. These drawbacks are sometimes beyond the control of EMR vendors. Some of them are listed below-
  1. Financial Loss: If the planning and budgeting are not done properly before opting EMR system in your organization, you may face some financial losses. EMR is the latest digital technology that’s why the installation cost is high, but improper planning results in an increased operational cost. Survey data from the MPI Group and Medical Economics indicate 65% of respondents reported their EHR systems resulted in financial losses for the practice. A similar study  published in Health Informatics of 39 hospitals found “that increased expenses and slower patient volumes contributed to a median 10.1 percent decline in absolute operating cash flow and 6.1 percent reduction in days cash on hand in the install year.” It is important to note that the hospitals studied were able to rebound from this downturn. Hence it makes proper budgeting and the modeling of costs and benefits very important.
  2. Temporary losses in productivity: EHR adoption causes disruption of work-flows for medical staff and providers, which results in temporary losses in productivity.  EHR adoption and implementation include purchasing and installing hardware and software, converting paper charts to electronic ones, and training end-users. It may take some time to readjust and may cause loss of productivity temporarily.
It should be noted that these drawbacks are temporary, EMRs prove to be a good keeper in the long run. The benefits outrun the drawbacks and are being popular with medical institutions, physicians and healthcare service providers day by day. Dreamsoft4U Pvt. Ltd; a Healthcare IT solution provider in India, provides a wide variety of healthcare Software development services across the globe.  We are well known for providing Mobile app development (iOS and Android), Electronic Health & Medical Records (EHR, EMR), Remote Health Monitoring System and Medical Billing Solutions keeping the HIPAA guidelines under consideration. If you are willing to know more about Electronic medical records system, then give us a try.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on pinterest
Pinterest
Share on linkedin
LinkedIn

Leave a comment

Your email address will not be published.