Explain how to finance technology using at least five of the following options.

nformation
technology has enhanced operational activities throughout the health care
industry. Much has been discussed in financial analysis, price, and acquisition
discrepancies. The decision to acquire and implement technology and justify the
cost has perplexed physicians and health care facilities.
Imagine you
are an office manager in a physician’s group practice. As the office manager,
you have been asked to review and explain the financial implications of
implementing electronic medical records (EMR). You will address potential areas
of financial concern and provide your recommendation to the physician’s group
on whether to implement EMR.
Create a 12-
to 15-slide Microsoft PowerPoint presentation that includes detailed speaker
notes. Discuss the following areas of financial concern and conclude with your
decision on whether you would recommend EMRs to the stakeholders.
Include the
following areas with a focus on the financial aspects:
Discuss the
implementation process. Explain why EMRs should be implemented. Explain what is
involved in the implementation of EMRs.
Explain how to
finance technology using at least five of the following options. Capital
expenditures Opportunity costs Budgeting, cash flow Depreciation Present value
Payback Projected revenue Overall costs
Explain the
costs not considered in the implementation process for at least two of the
following options. Threat of litigation Layout of facility Life expectancy and
value of the equipment Maintenance Increase in operational costs
Explain the
financial incentives for implementing new forms of technology for at least one
of the following options. Government, as in Medicare reimbursement Health care
professional societies Health plans, as in pay-for-performance programs Quality
improvement agencies that may offer financial incentives, such as the National
Committee for Quality Assurance, the Utilization Review Accreditation
Committee, or the Joint Commission
Explain the
advantages and disadvantages to the physician’s group of implementing EMRs.
Explain your
final recommendation to the physician’s group regarding the implementation of
EMRs.
Include the
following in your presentation:
Title slide
Introductory or overview slide Slides presenting the information required for
the assignment Detailed speaker notes with in-text citations Recommendation or
summary slide Reference slide
Include at
least 3 outside sources, excluding your textbook. Format your assignment
according to APA guidelines.Information
technology has enhanced operational activities throughout the health care
industry. Much has been discussed in financial analysis, price, and acquisition
discrepancies. The decision to acquire and implement technology and justify the
cost has perplexed physicians and health care facilities.Imagine you
are an office manager in a physician’s group practice. As the office manager,
you have been asked to review and explain the financial implications of
implementing electronic medical records (EMR). You will address potential areas
of financial concern and provide your recommendation to the physician’s group
on whether to implement EMR.Create a 12-
to 15-slide Microsoft PowerPoint presentation that includes detailed speaker
notes. Discuss the following areas of financial concern and conclude with your
decision on whether you would recommend EMRs to the stakeholders.Include the
following areas with a focus on the financial aspects:Discuss the
implementation process. Explain why EMRs should be implemented. Explain what is
involved in the implementation of EMRs.Explain how to
finance technology using at least five of the following options. Capital
expenditures Opportunity costs Budgeting, cash flow Depreciation Present value
Payback Projected revenue Overall costsExplain the
costs not considered in the implementation process for at least two of the
following options. Threat of litigation Layout of facility Life expectancy and
value of the equipment Maintenance Increase in operational costsExplain the
financial incentives for implementing new forms of technology for at least one
of the following options. Government, as in Medicare reimbursement Health care
professional societies Health plans, as in pay-for-performance programs Quality
improvement agencies that may offer financial incentives, such as the National
Committee for Quality Assurance, the Utilization Review Accreditation
Committee, or the Joint CommissionExplain the
advantages and disadvantages to the physician’s group of implementing EMRs.Explain your
final recommendation to the physician’s group regarding the implementation of
EMRs.Include the
following in your presentation:Title slide
Introductory or overview slide Slides presenting the information required for
the assignment Detailed speaker notes with in-text citations Recommendation or
summary slide Reference slideInclude at
least 3 outside sources, excluding your textbook. Format your assignment
according to APA guidelines.


 

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