Increasing Accuracy in Medical Records Through EHR Essay

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Total Length: 458 words ( 2 double-spaced pages)

Total Sources: 2

Page 1 of 2

Business Posts

(1) Finance

Balance Sheet

ASSETS

Non-current assets

$30,000

Equipment

$30,000

Current assets

$170,000

Inventory

$20,000

Accounts receivable

$100,000

Cash

$50,000

TOTAL ASSETS

$200,000

LIABILITIES

Accounts payable

$12,000

Payroll

$10,000

Rent

$5,000

Utilities

$2,500

$29,500

Owner's equity

$170,500

$170,500

TOTAL EQUITY AND LIABIULITIES

$200,000

(2) Discussion topic: Technology and Tools

Strengths

Weaknesses

Lower start-up costs. Fewer issues with maintenance of hardware. More resources including personnel and sophisticated procedures for security and backup of the patient information.

More ongoing expense over the long-term.

Subject to interruptions to the Internet, which restricts access to the EMR data.

The clinical information may be stored along with data from other practices.

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Opportunities

Threats

Enhanced patient safety with respect to drug allergies or interactions and proper dosage. Enhanced documentation with access to digital imaging and special testing. Better integration between the clinic and the business department.

Although somewhat remote, a vendor providing web-based EMR services could go out of business, making back-up systems and disaster planning imperative. The costs attributable to the EMR systems vary depending on whether the systems are in-house or web-based off-site.

Planning of the EMR implementation will focus on intelligence-based system rather than simply a transaction-based system. From the outset, the EMR system needs to be able to leverage big data, support smart processes,.....

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Latest APA Format (6th edition)

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"Increasing Accuracy In Medical Records Through EHR" (2014, October 12) Retrieved July 3, 2025, from
https://www.aceyourpaper.com/essays/increasing-accuracy-medical-records-ehr-192622

Latest MLA Format (8th edition)

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"Increasing Accuracy In Medical Records Through EHR" 12 October 2014. Web.3 July. 2025. <
https://www.aceyourpaper.com/essays/increasing-accuracy-medical-records-ehr-192622>

Latest Chicago Format (16th edition)

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"Increasing Accuracy In Medical Records Through EHR", 12 October 2014, Accessed.3 July. 2025,
https://www.aceyourpaper.com/essays/increasing-accuracy-medical-records-ehr-192622
   

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