Information technology has improved operational activities all through the health care industry. Much has been described in financial analysis, price, and acquisition discrepancies. The decision to acquire and implement technology, and validate the cost has perplexed physicians and health care facilities.
Suppose that you are an office manager in the physician's group practice. As office manager, you have been asked to review and describe the financial implications of implementing electronic medical records (EMR). You will address potential areas of financial concern and give your recommendation to the physician's group on whether or not to implement the EMR.
Make a 12 to 15 slide Microsoft PowerPoint in which you outline the given areas of financial concern and conclude with your decision on whether you would propose EMRs to the stakeholders. Comprise detailed speaker notes. Cite at least three outside sources and your textbook. Describe the given areas with the focus on the financial aspects:
A) Implementation process: This must be your introductory slide.
- Why implement?
- What is involved?
B) Financing technology: Select at least five.
- Capital budgeting
- Budget planning
- Ratio analysis
- Projected revenue