Justifying the cost of a computer-based patient record

Healthc Financ Manage. 1995 Jul;49(7):58-60, 62, 64-7.

Abstract

Computer-based patient records (CPRs) that integrate financial and clinical information are important tools for improving the quality and lowering the cost of care. However, purchasing, implementing, and maintaining a CPR requires a significant investment that must be justified. At The University of Texas M. D. Anderson Cancer Center, a cost-benefit analysis of a CPR involved identifying the goals of a CPR, determining its quantifiable and nonquantifiable benefits, estimating its initial costs, projecting its costs and benefits over 10 years, calculating its net present value, and monitoring its results.

MeSH terms

  • Cancer Care Facilities / economics*
  • Cost Control
  • Cost-Benefit Analysis / statistics & numerical data*
  • Decision Making, Organizational
  • Evaluation Studies as Topic
  • Feasibility Studies
  • Hospital Departments / economics
  • Medical Records Systems, Computerized / economics*
  • Organizational Objectives
  • Professional Staff Committees
  • Quality Assurance, Health Care
  • Surveys and Questionnaires
  • Texas