Answer to Your Question

What arguments for health It investment can I make to potential investors?

Using electronic health records (EHRs) will help health care providers build a sustainable medical practice. The next generation of health care professionals will expect and demand that their own medical facility have a state-of-the-art information system. Becoming a meaningful user of EHRs will allow providers who are building their practices to recruit and retain talented young clinicians.

Electronic health records can be used as a tool to improve efficiency, safety, and quality of health care for your patients. The meaningful use of electronic health records and health IT investment will help health care providers and hospitals offer safer higher quality healthcare.

To support your case for health IT investment, several types of resources can be used.

  • Some organizations have created return on investment (ROI) calculators that provide a numerical basis for pitching health IT to investors. For example, see this ROI calculator from the Health Information and Management Systems Society.
  • Journal articles are also potential supporting resources for your rationale to investors. Articles reporting positive findings on the ROI expected from EHRs have been published in journals, such as this article in the Journal of the American College of Surgeons or this article in the American Journal of Medicine.
  • Case studies and stories of physicians who have already implemented an EHR are also powerful when making your pitch to investors. Case studies provide the tangible details and context required to make the story memorable.

See the following potential case studies.

°       Dr. Brull Case Study

°       More Case Studies

For more ideas and resources for pitching health IT to investors, you can contact your local Regional Extension Center. To obtain contact information for your local Regional Extension Center (REC), please visit the REC information page.

Implementing EHRs – Planning Your Approach

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Planning is an important component of any electronic health record (EHR) implementation. Below you will find some of tactical steps that typically occur during the EHR implementation planning phase...
Creation and management of an effective electronic health record (EHR) implementation team is a crucial process. Once you have identified potential members of the implementation team, follow these...
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You should start electronic health record (EHR) implementation planning as soon as you complete the practice readiness assessment and decide to adopt an electronic health record. Planning draws on...
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For a successful electronic health record (EHR) implementation, you may need to assess the need for additional EHR infrastructure investments. The first step to making a sound hardware decision is...
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Implementation teams interested in maximizing the benefits of electronic health records (EHRs) should pay close attention to these important EHR workflow redesign areas. Workflow analysis should...
Regional Extension Centers (RECs) are not vendors selling electronic health record (EHR) systems or products. Your REC is a trusted advisor with the same aims as you – to help ensure quality...
Tip 1: Identify bottlenecks and inefficiencies in your current workflow. Decide which aspects of your workflow need improvement and prioritize them. Then do the work in stages, creating wins along...
Redesigning your workflow helps you get the most value from implementing an electronic health record (EHR). To get started, analyze your existing workflow. Create a visual map of how work is...
To address the growing demand for highly skilled health IT experts, the Office of the National Coordinator for Health Information Technology (ONC) funds the Health IT Workforce Development Program....
Toolkits and Technical Assistance The Rural Assistance Center Rural Health Information Technology Toolkit is a rural-specific evaluation tool funded by the Office of Rural Health Policy. The...
There are several grant programs and funding opportunities intended to help rural providers and rural communities implement health information technology (IT). Review the following websites for more...
Overcoming limited number of staff and resources is challenging in rural communities. No model fits all organizations thus each provider office must determine the best ways to recruit and retain...

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