(HealthDay)—Practices can achieve return on investment (ROI) for implementation of electronic health record (EHR) systems if they participate in alternative delivery models, according to an article published May 8 in Medical Economics.
According to the author of the article, Ken Terry, relying on increased efficiency gained from EHR implementation is not being realized. However, having an EHR enables participation in alternative delivery models. An EHR is necessary in accountable care organizations (ACOs) because the Centers for Medicare & Medicaid Services factors the percentage of ACO members who have achieved meaningful use into its bonus calculations, and some of the quality measures in the shared savings program require clinical data that are easier to collect with EHRs. These Medicare Shared Savings Program bonuses will likely help practices realize ROI. Additionally, insurers incentivize patient-centered medical homes, and pay-for-performance programs pay quality bonuses.
Terry notes that, whether participating in these alternative delivery models or not, it is necessary to change practice processes to capitalize on the advantages of EHR technology.
"We're succeeding despite the challenges that we have with getting any data out of our EHRs," said Simon Prince, M.D., a nephrologist based in Manhasset, N.Y., according to the Medical Economics article. "We find that the ROI from that perspective is limited for now, but the potential is there."
Explore further: Improving EHR interoperability is a national priority: HHS
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(HealthDay)—Practices can achieve return on investment (ROI) for implementation of electronic health record (EHR) systems if they participate in alternative delivery models, according to an article published May 8 in Medical Economics.
According to the author of the article, Ken Terry, relying on increased efficiency gained from EHR implementation is not being realized. However, having an EHR enables participation in alternative delivery models. An EHR is necessary in accountable care organizations (ACOs) because the Centers for Medicare & Medicaid Services factors the percentage of ACO members who have achieved meaningful use into its bonus calculations, and some of the quality measures in the shared savings program require clinical data that are easier to collect with EHRs. These Medicare Shared Savings Program bonuses will likely help practices realize ROI. Additionally, insurers incentivize patient-centered medical homes, and pay-for-performance programs pay quality bonuses.
Terry notes that, whether participating in these alternative delivery models or not, it is necessary to change practice processes to capitalize on the advantages of EHR technology.
"We're succeeding despite the challenges that we have with getting any data out of our EHRs," said Simon Prince, M.D., a nephrologist based in Manhasset, N.Y., according to the Medical Economics article. "We find that the ROI from that perspective is limited for now, but the potential is there."
Explore further: Improving EHR interoperability is a national priority: HHS
More information: More Information
Copyright © 2014 HealthDay. All rights reserved.
Medical Xpress on facebook
Related Stories
Improving EHR interoperability is a national priority: HHS
Mar 16, 2014
(HealthDay)—Interoperability of electronic health record (EHR) systems is a national priority of the Office of the National Coordinator for Health Information Technology, according to an article published ...
Going live with EHR leads to frustrations, productivity hit
Mar 03, 2014
(HealthDay)—Implementing an electronic health record (EHR) system takes excessive physician and staff time and disrupts practice, according to survey results published Feb. 24 in Medical Economics.
EHR systems meeting meaningful use criteria beneficial
Sep 18, 2013
(HealthDay)—Most electronic health record (EHR) systems meet meaningful use criteria, and these systems are associated with time-saving and other benefits, according to a September data brief published ...
Patient enrollment, use, and satisfaction with patient portals
Mar 24, 2014
Many physicians are adopting patient portals in response to governmental incentives for meaningful use (MU), but the stage 2 requirements for portal use may be particularly challenging for newer electronic health record (EHR) ...
Doctors experienced with using EHRs say they add value for patients
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A new study in Health Services Research finds nearly three-quarters of physicians using electronic health records (EHRs) in 2011 said there were clinical benefits when patients' medical histories were kept in digital files. ...
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