10 Benefits of an Electronic Medical Record

Written by Joe Miller

Electronic Medical Record

An Electronic Medical Record is a secured electronic file of patient history, medical transcription notes, billing information, and all other information necessary to have a complete patient profile. It is true thatrepparttar electronic medical record is indicative of a faster-paced informational age in which larger quantities of information require more effective database infrastructure, but there are many more benefits to bothrepparttar 149609 medical service provider andrepparttar 149610 consumer. This informational article points out 10 benefits of an electronic medical record of which both practices and patients need to be aware.

1. Speed

As mentioned inrepparttar 149611 introduction,repparttar 149612 business world ofrepparttar 149613 21st century is fast-paced. Even in medical practices, speed equals ability to compete, especially when managing information. That is why an electronic medical record system, or EMR, is used by most medical practices. In addition, a fast electronic medical record system requires less time invested in trouble shooting and allows more time invested in caring for patients.

2. Storage

An electronic medical record is an electronic database of information capable of carrying much more information than traditional systems. An electronic medical record system can manage records from multiple offices as well as multiple types of records.

3. Security

An electronic medical record system secures records with backup files in case of emergencies. In addition, only authorized users may access them. This double security system is a “preventative medicine” for record viruses.

4. Support

Both practices and patients can access customer support from a medical billing specialist provided throughrepparttar 149614 electronic medical record software. In addition to their support, electronic medical record software provides access to medical codes, including, ICD.9, HIPAA, HCFA 1500, andrepparttar 149615 latest CPT code books.

5. Accessibility

The latest electronic medical record technology allows information to be downloaded directly onto a PDA or Palm device. In addition to PDA access, authorized individuals can access an electronic medical record online from any location.

To Buy? Or To Build? … That Is The Question!

Written by Michael DeVries

So, you have identified a need in your business for which you believe would be a great candidate for a software solution.

Nowrepparttar question is …

Do you “run off” and engage (one or more) developers to build this software system(s) for you?

And/or …

Do you “run off” torepparttar 149509 “nearest” and/or your favorite on-/off-line software store and buy a commercial-off-the-shelf (COTS) package solution, and if so which one?, to meet these business needs?

Which one of these alternatives isrepparttar 149510 most efficient and (overall) cost effective solution to satisfy your business needs as soon as possible?

That is “The Question”!, To Buy? or To Build?, isn’t it?

Gettingrepparttar 149511 answer to this question is actually not nearly as difficult as you might imagine! ;)

All you need to do is execute a “Buy vs. Build” analysis and/or a Software Selection process forrepparttar 149512 type(s) of software that meet these of your business needs and choserepparttar 149513 best, most efficient and (overall) cost effective solution, right?

The “Big Boys”, larger companies and corporations, often perform, and/or engage consultants to perform, a formal “Buy vs. Build” analysis and/or a Software Selection process on many to all of their significant software purchases.

You should execute a “Buy vs. Build” analysis and/or a Software Selection process, for any significant software purchase, before you decide whether it would be most efficient and cost effective, inrepparttar 149514 long run, to build an application “from scratch” vs. buy a COTS (commercial-off-the-shelf) package, and if so which one will best fit your current and future needs!

This may save you a significant amount of money, time, effort and *headaches* in bothrepparttar 149515 short term and inrepparttar 149516 long run!

As otherwise, you may end up paying to “recreaterepparttar 149517 wheel(s)”, which really doesn’t make sense, does it?, and therefore none of us wants to do, do we?

Or …

Purchasing a package only to find that it doesn’t (and possibly can’t) meet your needs and/orrepparttar 149518 cost of modifying such a package to meet your needs is prohibitive, in which either case you will most likely “scrap” this package (now a.k.a. “shelfware”), you just bought and paid for, and pick or build another one and possibly repeat this whole (costly) cycle again, you know?

We will not haverepparttar 149519 luxury of going into detail on either how to perform a formal “Buy vs. Build” analysis, as this would require extensive discussions of how to define, analyze and estimate software development projects for which there are many books on these subjects, and/or how to execute a formal Software Selection process, as this is a topic for which whole Methodologies have been developed and are used (I know, as I assisted inrepparttar 149520 initial development and used just such a Software Selection Methodology for one ofrepparttar 149521 largest global software and services corporations ;)).

We will, however, in this article, attempt to outline some ofrepparttar 149522 factors that you should consider when performing your own “Buy vs. Build” analysis and/or Software Selection process(es) for yourself.

Firstly, in either case you will need to define (and prioritize) your requirements / selection criteria such that you may evaluate how each of these “Buy vs. Build” alternatives will meet your immediate and long-term business needs, right?

Further, throughout these processes, you will want to insure that you compare these options in terms of “apples to apples”, you know?

Therefore, I would recommend that you compare both(/all) of these options in terms (ofrepparttar 149523 “Total cost of ownership”) includingrepparttar 149524 total time and cost to getrepparttar 149525 application into production and/or market andrepparttar 149526 total cost of supporting and maintainingrepparttar 149527 application for its expected lifespan.

The “formality” with which you execute these processes should be proportionate to your investment (in terms ofrepparttar 149528 long-term / “Total cost of ownership”) inrepparttar 149529 application and its criticality in your business.

First, let us considerrepparttar 149530 “Build” option.

Some ofrepparttar 149531 advantages ofrepparttar 149532 “Build” option include:

1) You get an application specifically developed to satisfy your business requirements/needs and designed to fit your specific business processes.

2) It is more likely that you will be able to adapt your software system(s) to changes in your business needs and/or processes, as you would either presumably haverepparttar 149533 application source code and/or access torepparttar 149534 original developers of it, right?

3) You may develop your new application(s) to interface and “play nicely” withrepparttar 149535 other software in your overall application architecture.

Some ofrepparttar 149536 disadvantages ofrepparttar 149537 “Build” option include:

1) The typical project duration from conception to production(/market), throughrepparttar 149538 complete software development life cycle, for a custom developed application may be significantly longer than that for implementing a package solution.

2) The initial development costs of producingrepparttar 149539 first release(s) of your application(s), includingrepparttar 149540 associated documentation and training materials, are typically higher than those for purchasing a package solution.

Briefly here are just a few ofrepparttar 149541 additional factors that, IMHO (in my humble opinion), you may wish to consider in determining whether or not it is best to “Build” an application “from scratch”, including:

1) In addition torepparttar 149542 estimated “coding” time and cost, make sure you also consider all ofrepparttar 149543 time and possible costs to completerepparttar 149544 definition, analysis and design phases, prior to “coding”, andrepparttar 149545 subsequent testing and implementation phases required to completerepparttar 149546 overall software development life cycle for you application.

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