MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis Sample Answer for MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis

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MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis Sample Answer for MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis

MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis

Sample Answer for MHA FP 5064 Assessment 4 Health Information System Cost-Benefit Analysis

The cost-benefit analysis at Vila health would be important in examining the value that new proposal of equipping the rural hospital with the HIM as the main hospital. The Vila Health leadership team required a cost-benefit analysis to weigh the benefits and drawbacks of adopting a health information system at the recently purchased rural hospital(Vila Health, n.d). For this project, a cost-benefit analysis table was prepared to represent Vila Health’s quantitative cost-benefit ratio. This project will design a cost-benefit analysis spreadsheet that would be developing a strong decision on the value of the current proposal of HIM at rural hospital of Vila health.

Health Information System Components

Vila Health sought to discover a solution to connect its hospital information systems to achieve internal interoperability. Vila Health will bear the costs of both hard and software for EHR implementation (Mishan & Quah, 2020). Implementation assistance, equipment, firmware, terms of installation, training, and ongoing network charges and maintenance are the primary components of system integration. The hardware components that would cost the project are database servers, Computers, phones, tablet devices, and printers (Mishan& Quah, 2020). EHR programs, interface components, and system upgrades are all included in software costs. In addition, before and during implementation, the top management should train doctors, nurses, and office employees.

The Gap between Current Health Information Technology and Future Needs

In the last five years, significant governmental and private expenditures have been made to improve the adoption of electronic health records in health facilities and doctor’s offices throughout the region. Vila Health’s data system is currently unconnected. This has the potential to stymie patient treatment and work procedures (Mishan & Quah, 2020). The main purpose of Vila Health is to modernize information systems to increase workflow and connection. Vila Health will increase communication and service quality by bringing all of its facilities into one information system.

Costs and Benefits of Implementing a Modern System

The cost is determined by the type of technology Vila Health wishes to employ. According to several studies, the cost of buying and operating an EHR system ranges from $15,000 to $70,000 per physician (HealthIT.gov, 2014). The overall cost of the project would come with corresponding benefits after years at the clinic. To use the new system at the rural center, Vila Health will also have to obtain a software license each year, which would cost $27,000 per year to use. Vila Health’s personnel had to be trained on the new system. The total cost of all staff training is $13,000, which includes all equipment needed for instructor training as well as pay (Moran et al., 2020). Employee training benefits not only the employees but also the patients and the company.

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Vila Health will be able to promote a lot of costs and develop a more effective program with electronic patient information by modernizing the system. Increased usage of testing, fewer patient management employees, lower expenses for consumables used to keep paper records, lower transcription costs, and lower graphic download costs are just a few of the efficiencies. There is an extra cost of improving the infrastructure to produce a more efficient system. The cost of the hard and software used in the upgrade will cost $83,000 (Moran et al., 2020). Furthermore, the costs of maintaining the deployed system can be substantial (Moran et al., 2020). Changes to the hardware and software of a system are frequently required regularly. Another disadvantage of EHR is that it disrupts medical staff and supplier workflow, resulting in a temporary productivity loss.

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