NURS FPX 6612 Assessment 4 Cost Savings Analysis Cost Savings Data and Information 

 

	Before EHR Implementation	After EHR Implementation
Registered Nurses	80	20
Care Manager	75	25
Care Coordinator	70	30
Nursing Heads	65	35

 

This statistical analysis compares Health Information Technology for hospitals’ savings in the cost before and after a 90-day time frame.

	Manual Records Documentation	EHR implementation (%)	Overall savings ($)
Medication Errors	95	5	300,000
Drug complications	90	6	200,000
Hospitalizations	85	10	500,000
Post-discharge cases	88	12	100,000

 

Conclusion

In a nutshell, it is concluded that care coordination and use of EHRs in the framework of Health Information Technology (HIT) provide quality care to patients and, at the same time, result in total cost savings. It is fully utilized when healthcare staff provides fully coordinated care to patients. Care coordination is enhanced by using evidence-based tools and techniques for accessing and managing patients’ records through EHRs. The significant cost savings in our hospital is obtained in different categories, such as medication errors and hospitalizations.  

References

Breckenridge, E. D., Kite, B., Wells, R., & Sunbury, T. M. (2019). Effect of patient care coordination on hospital encounters and related costs. Population Health Management, 22(5), 406–414. https://doi.org/10.1089/pop.2018.0176 

Hannigan, B., Simpson, A., Coffey, M., Barlow, S., & Jones, A. (2018). Care coordination as imagined, care coordination as done: Findings from a cross-national mental health systems study. International Journal of Integrated Care, 18(3). https://doi.org/10.5334/ijic.3978 

Karam, M., Chouinard, M.-C., Poitras, M.-E., Couturier, Y., Vedel, I., Grgurevic, N., & Hudon, C. (2021). Nursing care coordination for patients with complex needs in primary healthcare: A scoping review. International Journal of Integrated Care, 21(1). https://doi.org/10.5334/ijic.5518 

NURS FPX 6612 Assessment 4 Cost Savings Analysis