revenue loss

See the following -

An Argument for Standardized Reference Terminologies

As a National Institutes of Health (NIH) article explains, standardized data is ‘crucial for data exchange between health information systems, epidemiological analysis, quality and research, clinical decision support systems, administrative functions.” Terminology is an important part of medicine. In short, it is a clinicians’ extensive healthcare vocabulary, which they use to describe a patients’ conditions and health events. With the onset of EHRs, clinicians are responsible for documenting patient information in EHRs. This is now properly done with standardized reference terminologies and not home-grown ones.

Another NC Hospital Falls To Epic EHR Implementation Costs

Jennifer Bresnick | EHR Intelligence | November 14, 2013

Wake Forest Baptist Medical Center isn’t the only North Carolina hospital struggling with poor credit ratings and huge revenue gaps after attempting the installation of an Epic EHR system... Read More »

EHR Use Hindered by Revenue Loss, Lack of Interoperability

Sara Heath | EHR Intelligence | August 31, 2015

EHR use has been on the rise since the 2009 passing of the Health Information Technology for Economic and Clinical Health (HITECH) Act provided financial incentives for EHR implementation. However, do the gains of EHR adoption outweigh the substantial costs? A recent study written by Tara O’Neill of the American Action Forum takes a look at these questions and states that although there are considerable benefits to EHR adoption, these come with costs that can only be resolved with changes in healthcare policy...

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Electronic Records Conversion Loss of 55.1 Million For Wake Forest Baptist

Richard Craver | Winston-Salem Journal | August 30, 2013

The rollout of the Epic electronic health records system contributed to a $55.1 million operational loss in fiscal 2012-13 for Wake Forest Baptist Medical Center, according to a financial report released Thursday. Read More »