Healthcare Information systems

Overview of healthcare information Technologies Lack of relevant system-wide healthcare Information technology causes significant expenses that come in the form of the increased number of the workforce and wasted time. Research suggests that lack of appropriate IT platforms to deliver healthcare service contributes to over 10% increase in healthcare costs.Advertising We will write a custom essay sample on Healthcare Information systems specifically for you for only $16.05 $11/page Learn More Therefore, IT systems are inextricably connected to healthcare costs for healthcare institutions, which trickle down to the population. Increased healthcare costs have prompted healthcare institutions to adopt cost-saving IT systems to optimize their returns while ensuring the delivery of quality service (Rodrigues, 2009). There are many IT applications from which healthcare institutions can choose to improve the quality of service and reduce costs of delivering heal thcare services. However, every institution must be able to select an IT base that is relevant and appropriate to its condition. Improving the Quality of Medication Information technology has the potential to improve the quality of healthcare services. Studies show that most healthcare providers believe that adopting clinical IT systems improve the extent to which they can deliver quality patient care. IT systems can solve some of the problems posed by fragmented IT systems. Computerized Physician Order Entry (CPOE) has become of the key clinical IT systems that have gained significant application in most clinical and medical institutions (Rodrigues, 2009). Research shows that the application of CPOE reduces the frequency of repeat tests. The quality of healthcare service is connected with the number of repeat tests that a patient undergoes before a successful diagnosis is achieved. Surveys conducted on patients reveals that patients rated physicians based on the number of unsuccess ful diagnosis or tests for their illness. The use of CPOE reduces turnaround times for laboratory, pharmacy and radiography request applications made. Some medical studies have suggested that using CPOE reduces the error frequency during medical surgeries. According to a survey conducted by Bates et al. (1998), the application of CPOE systems had the ability to reduce medication errors by 55%. Out of 11 studies that aimed at estimating the accuracy of medication using CPOE, four studies showed that CPOE achieved to reduce errors, and improved the quality of medication and patient safety. Studies show that the introduction of CPOE as an IT platform is a nonfinancial incentive for healthcare professionals. Surveys conducted in hospitals using CPOE shows that healthcare professionals are motivated to deliver quality service compared to hospitals that did not implement these technologies. It is significant to note that the professionals’ perception of quality service is inextrica bly linked to availability of alternative IT tools (Bates Gawande, 2003).Advertising Looking for essay on it? Let's see if we can help you! Get your first paper with 15% OFF Learn More Recent studies have surveyed the value of using CPOE in ambulatory procedures. These studies suggest that a worldwide application of CPOE can improve quality healthcare among patients while saving their money. Reduction of drug events is a key focus by many physicians (Bates Gawande, 2003). Given this need, many clinicians have indicated that CPOE helps to reduce adverse drug events and other related medication errors because it offers cost effective medications, drug prescriptions, and laboratory tests (Bates Gawande, 2003). Reducing the cost of healthcare The use of Electronic Health Record (EHR) reduces the costs of handling medical records and increases the level of access. Studies show that the costs of collecting, storing, and retrieving medical records can have significant cost implication on institutional costs. One of the main problems facing healthcare professionals is the lack of access to centralized information sharing platforms. Research has shown that the use of EHR has the potential of providing better documentation of patient histories (Bates Gawande, 2003). The extent to which professionals can share medical information with ease enables physicians to use medical histories, which reduces the costs of beginning new diagnosis and medication (Scalet, 2003). Evidence suggests that reduced transcription and medical management expenses are linked with the physicians’ use of electronic health records. According Bates Gawande (2003), financial returns depend on the extent to which a medical organization adapts to effective use of EHR. The paths toward a cost-effective healthcare system stem from getting the critical mass of physicians choosing to use electronic health record systems. Some studies suggest that the use of electronic health recor ds can save up to $20,000 per healthcare professional. The adoption of electronic medical record (EMR) is a centerpiece in reducing the costs of providing healthcare services (Memorial Care, 2010). The use of traditional manila folders is believed to cost many hospitals millions of money due to loss or inaccessibility of critical patient and administrative records. EMR transmits important medical records in real-time and helps medical practitioners to have access to information in a timely manner. This avoids waste of time, which reduces costs of searching and retrieving medical histories (Memorial Care, 2010). Lack of systemized record management increases clinicians’ time and workload, which exerts pressure and workload.Advertising We will write a custom essay sample on Healthcare Information systems specifically for you for only $16.05 $11/page Learn More Studies content that it can cost a medical organization over $20,000 per clinician due to errors caused by increased workload and service time. Therefore, implementing electronic medical records has the potential of reducing workloads and extra working hours, which has a significant impact on the quality and cost of providing medical services to patients (Bates Gawande, 2003). References Bates, D. W., Gawande, A. A. (2003). Improving safety with information technology. New England Journal of Medicine 348(25), 2526-2534. Memorial Care. (2010). How electronic medical records reduce costs and improve patient outcomes. Retrieved from https://www.memorialcare.org/about/pressroom/media/how-electronic-medical-records-reduce-costs-and-improve-patient-outcomes-2010 Rodrigues, J. (2009). Health Information Systems: Concepts, Methodologies, Tools and Applications. New York, NY: Idea Group Inc (IGI). Scalet, S. 2003. Saving money, saving lives. CIO Magazine. Retrieved from https://www.cio.com/ This essay on Healthcare Information systems was written and submitted by user Brian Neal to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Should America Be At War

Should America Be At War Should America be at War with Afghanistan? Many citizens in the United States of America believe that our country should not go to war with terrorist forces in a foreign country know as Afghanistan. They fell we will just be resorting to terrorism. Although Tomas Pain once said, ? If a thief breaks into my house burns and destroys my property? Am I to suffer.? Terrorism: Mass-organized ruthlessness. Smashing two, seven-forty-seven jet airliners into two gargantuous builds filled with innocent civilians are an act of terrorism. These civilians had nothing to do with the military. The United States has and will retaliate with more bombings on military quarters. Why should we let these terrorists commit such horrific crimes and the United States not retaliate, it makes no sense. If we were to declare war on Afghanistan it would mitigate some problems that have been corrupting the Middle East for thousands of years over religion.my terrorism suspicion slipJust realizing that the Taliban is mad because in World War 2 we moved thousands of Jewish refuges into Pakistani. Their religion also believes in Holy wars. Just realizing this and not doing anything is not going to stop terrorist training camps being created and many more terrorist attacks on our country. Some of us may be sitting here trying to muster up some peace rally. You don?t see the Taliban trying to achieve world peace. They have no representative in the UN and feel they are far superior to any other country and world peace.Declaring war on Afghanistan and the Taliban would help the surrounding countries and even the world. They fell that their religion should be taught to every human in the world and will not stop fighting until they have total religious domination (if you will). This has created many problems through...

Lazard US Mid Cap Equity Portfolio Case Study Example | Topics and Well Written Essays - 2250 words

Lazard US Mid Cap Equity Portfolio - Case Study Example These kind of invest in stocks of companies with solid financial base are return patterns Income equity funds: invest in a mix of bonds and dividend paying stocks as they also target current income and capital growth Balanced funds: have long term objectives and emphasize on capital growth, and current income. Invest in bonds, stocks, and short term securities, and always ensure the right hedging against huge fluctuations in short term investment options. Bond funds: designed to meet the current income requirements of shareholder, and they invest primarily in corporate and government bonds and T-bills Money market funds: invest in securities such as commercial papers, T-bills, certificates of deposit and other stable but monetary related securities. These are currency related investments and no guarantees are made on such funds. Target date funds: These include retirement and pension funds as they are the major types in this category with the date of maturity of the fund known. These kinds of funds are made for strictly long term investments. Lazard US Mid Cap Equity Portfolio Background LZMIX, ticker for the Lazard US mid cap portfolio for institutional shares, is a fund under the hazard investment fund. The fund is a balanced fund for institutional investors that were created in 1997 for this primary reason. The fund as at the 4/30/2012, the net assets of Lazard mid cap Equity portfolio was approximately values at $105.7 million, including $58.2 million worth of shares held institutionally. Recent performance The fund has a yield rate of 0.28% with no loadings applicable to the investment. Expenses incurred in transactions are given at the rate of 0.92%. Morningstar rates the management fee as average level, showing it in line with industry charges. LZMIX turnover is quoted at 83%, while the minimum investment an investment can make is $100000. The fund performance ranges as other in the institutional investment portfolio; weighted against the Russell midcap index is just 0.57 point shy in the period of it has traded. However, in the short run, the observation is not as quite. The funds 5 year valuation gives a negative posting making against its benchmark. The one year measure is also a less value compared to the Russell index. There company funds performance is more of a cycle with high peaks and low troughs, just as the options it invests in. The year to date (2012 to date) gives a strong index value, but not the month- end value, that oscillates back to the negative, showing signs of high volatility in the investment options and maybe weakness in the fund management. Mutual Fund The Lazard US Mid cap equity portfolio is one of the funds in the Hazardnet group that hope to generate strong returns and outshine peers in the market of institutional investment and set the benchmark for the complete market cycle. The fund has a bottom-up loom to stock selection, as is shown by all portfolios held by HazardNet. They conduct the fundamental analysis before investing, with emphasis on sustainability of returns. This is ensured by though analysis of the accounting employed by the companies and the historical statistics of benefits offered, that is, high P/E, dividend yield and stability of stock. Quantitative research is done to ensure that the target company’