multiple independent studies have shown substantial return on investment for health IT -- ranging from 10-year savings of $530 billion to annual savings of $77.8 billion -- which could help lower healthcare costs.
Sulphur Springs, TX (PRWEB) July 1, 2009
A recent Healthcare Informatics research report found that acquiring technology which delivers rapid return on investment (ROI) is a top priority for the 435 healthcare IT professionals surveyed.
Interoperable technology that has a low lifetime cost and is easily extended facility-wide, such as the Patient Flow System (PFS) forms automation suite from Access, can provide the cost savings and ROI hospitals need in the current economic downturn.
HIMSS's assessment of the Obama administration's electronic health records (EHR) goals states, "multiple independent studies have shown substantial return on investment for health IT -- ranging from 10-year savings of $530 billion to annual savings of $77.8 billion -- which could help lower healthcare costs."
With PFS, facilities replace paper-based forms with electronic versions that can be accessed on demand, distributed via fax and e-mail and interfaced directly to document management systems. Switching to PFS is helping hospitals worldwide eliminate the time, financial and environmental costs of paper forms. PFS also supports EMR, patient safety and disaster recovery initiatives and improves patient care and satisfaction.
Norman Regional Health System, the leading healthcare provider in central Oklahoma, uses PFS in patient registration, clinical areas, HIM and patient billing. With PFS, a customized packet of barcoded forms and armbands is produced the instant patient registration is complete. This information can then be used in clinical departments. In addition to ensuring positive patient ID and speeding registration, PFS has delivered significant time and cost savings and rapid ROI at Norman Regional.
"We've cut the cost of paper, folders and other forms-related supplies by at least a third, which resulted in a first year savings of $380,000," said Ed Fisher, CIO and VP at Norman Regional.
Providence Hospital, which serves Alabama and Mississippi, is another healthcare provider that has achieved early ROI with PFS.
"In the first year of deployment the Access system saved us $124,300, which means we achieved full return on investment in just 13 months," said Cynthia Hyde, CIO and assistant VP of information services and AHMIA president.
The PFS suite is also making a positive impact at Dubuis Health System, a 15-facility, five-state provider, which uses Access's e-forms solutions in patient admissions, clinical areas and the payroll department. "The Access suite saves us $79,410 annually by minimizing forms management costs," said Cheryl Davis, IT director at Dubuis. "The system paid for itself in just nine months."
Access provides electronic forms and workflow automation solutions to hundreds of healthcare organizations worldwide. Access products create time and cost savings facility-wide, and integrate with existing HIS, ERP, clinical and document management systems to deliver maximum return on investment. Ease of use, administration and expansion provide even greater value. Learn more about Access solutions at http://www.accesseforms.com