HCA 312 Rationale for the EMR Expenditure Discussion

HCA 312 Rationale for the EMR Expenditure Discussion

Instructions/Descriptions

HCA 312 Rationale for the EMR Expenditure Discussion

Prior to beginning work on this discussion, please read Chapters 16, 17, 22, 23, 27 and 28 in your course textbook, the Capital Budgeting in Health Organizations: Application of the Multicriteria Method Promethee V1 (Links to an external site.), Capital Budgeting (Links to an external site.), and The Increasing Importance of Strategic Capital Planning (Links to an external site.)(PDF Version ), and Overview of Capital Budgeting (Links to an external site.) articles, as well as the Capital Budgeting (Links to an external site.) web page.

The most obvious cost in a capital budget is the actual cost of the capital expenditure item. We must also consider other costs that will be incurred when we make the capital expenditure (purchase). These costs are important to include because they can be the difference between a successful implementation of the capital expenditure item and staying on budget.

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After reviewing the textbook readings,

Provide an example of a healthcare capital expenditure.

Explain the rationale behind the purpose of a capital expenditure budget.

Include two other cost considerations and explain their inclusion in your capital budget plan.

For example, if you are installing an Electronic Medical Records (EMR), you must include future cost for maintenance, software updates, new computers, etc. These are the hidden costs of operation often not considered in a capital budget.

Health Information Management Activity Discussion

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I’m working on a Health & Medical question and need guidance to help me study.

Developing and Implementing a Quality Improvement Plan Parts 1-6 https://www.hrsa.gov/quality/toolbox/methodology/developingandimplementingaqiplan/index.html Tools and Strategies for Quality Improvement https://www.ncbi.nlm.nih.gov/books/NBK2682/

https://online.vitalsource.com/#/user/sso  Chapter 21 and 18

Question:

Choose one data display tool (graph, chart, etc.) covered in your reading this week.

Think of a common HIM activity that uses data that could be displayed with your tool of choice.

Describe how this would look and how it would be useful.

HCA 312 Rationale for the EMR Expenditure Discussion

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