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PERFORMANCE:
A good place to start is to look at what improvements a hospital
can make with existing resources.
To allocate limited capital resources is perhaps one of the most
difficult decisions hospital executives have to make. Demands
for new equipment, renovations and maintenance and the need
for new service lines and facilities all come with some merit.
Capital should be allocated to projects based on importance and
whether such project will support the hospitals mission and will
provide projected financial, quality or operational returns and
whether the hospital has the capital to fianc the opportunity.
One of the major capital projects that a hospital must make in
order to improve the quality, and efficiency of patient care while
reducing costs and increasing revenue is the process of hospital
automation.
Automation is an ideal solution to enhance patient safety,
improve quality of patient care and simplify regulatory
compliance.
Use of pre-printed forms to manage hospital daily business
processes is costly and inefficient. Manual data entry can lead to
errors of interpretation. The dynamic nature of the healthcare
industry demands solution that allows changes to be
implemented quickly and easily.
A possible drawback of this project( electronic medical records) is
the start up costs are enormous. Not only must we buy
equipment to record and store patient charts, but efforts must be
taken to convert all charts to electronic form. Training on
electronic medical records software adds additional expense in
paying people to take training.
Unfamiliarity with technology can significantly detract from
patient time as the doctor or nurse struggles with unfamiliar
equipment.
Its also easy to miss recording relevant details, or to type in
incorrect information.
Electronic medical records may reduce office paperwork, but
they may not coordinate care between several treating
physicians, pharmacies, and allied health workers.
Some are concerned about the security of their medical records,
which should be completely confidential. Hackers may ultimately
be able to penetrate the records despite security precautions,
and they may then release confidential information to others.
Conclusion: Capital projects must be equated with the benefits
to be derived or projects that will generate the best return for the
hospital.