Projected cost variances for selected over-running capital infrastructure projects
Note: Percentage variances between market-advised cost projections and original estimates for selected capital infrastructure projects
Source: Publicly available material and Ernst & Young analysis
How far along is your organization in implementing a certified EHR system and documenting meaningful use?
Information technology is rapidly becoming the cornerstone of health care delivery, creating a supportive infrastructure for patient-centered care.
Each part of a provider’s operations — from clinical to finance and administrative—must be able to share information seamlessly, streamline transactions, and facilitate the collaborative future of care.
Despite budget constraints, health care providers will need to continue to invest in IT, especially as demonstrating quality becomes a prime criterion for reimbursement under federal health care programs.
Considerations for your board and executive leaders
System evaluation and planning: Have you determined whether your IT systems are adequate to capture, track and securely maintain data on processes, outcomes, diagnoses, costs, readmissions, present-on-admission conditions, patient safety matters and all other data needed now — and in the foreseeable future — to participate in pilot payment programs and to track quality improvements over time?
Electronic health records (EHRs): How far along is your organization in implementing a certified EHR system and documenting meaningful use?
5010 and ICD-10: Is your organization prepared for implementation of the 5010 transaction standards and ICD-10?
Data storage and security: Have you invested in upgrades to ensure data security will be maintained as new and expanded data-sharing initiatives are implemented?
Emerging technologies: Does your organization have a social media strategy? Do you understand how consumers in your local market are using new media and social networks for health education and treatment?
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