Journal of Business & Economics Research (JBER)

Capturing The Financial Benefits Of Electronic Medical Record Investments In The Small Medical Practice

James Spruell, David Vicknair, Sylvia Dochterman

Abstract


This study examines the challenges faced by the small medical practice (1-2 providers) in capturing the financial benefits of investing in Electronic Medical Records (EMR). In particular the paper focuses on three key elements of the process: (A) A theoretical framework that explores the underlying principles that drive the variation in benefit capture and ROI associated with EMR investments; (B) The risk to reward levels that set an appropriate cost of capital for investments of this type; and (C) An understanding (and limit) of financial exposure during EMR projects.


Keywords


Electronic Medical Records; EMR; ROI; Cash Flow; HITECH Act

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DOI: http://dx.doi.org/10.19030/jber.v8i6.737