IOM releases model for assessing ROI for EHRs

A paper released by the Institute of Medicine's Digital Learning Collaborative and the Healthcare Financial Management Association aims to help healthcare finance leaders calculate the costs and benefits of electronic health record implementation. The paper, "Return on Information: A Standard Model for Assessing Institutional Return on Electronic Health Records," was released along with a proposed standard model the IOM says allows consistent comparisons of the financial implications, benefits and costs of EHR adoption. The proposed model "is a catalog of categorized benefits, expenses, and potential revenue impacts and the accounts where these may be captured," according to the abstract. The paper also highlights "common logistical and conceptual challenges hindering investment decisions." Abstract

 

 

Suggested Articles

We take a look back at health insurers' financial performance, including soaring profits, in Q2.

Employment growth in the healthcare industry cooled off in July as the sector added fewer jobs than in June as COVID-19 continues to spread.

Employers are making adjustments to their health benefits in the wake of COVID-19, but workers may not take the time to consider these new options.