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HealthCare Cost and IT Bhavik (Vik) Mehta. Digital to $$$$ Collect Money from Insurance Companies Collect Money from Insurance Companies eg: 53% decrease.

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Presentation on theme: "HealthCare Cost and IT Bhavik (Vik) Mehta. Digital to $$$$ Collect Money from Insurance Companies Collect Money from Insurance Companies eg: 53% decrease."— Presentation transcript:

1 HealthCare Cost and IT Bhavik (Vik) Mehta

2 Digital to $$$$ Collect Money from Insurance Companies Collect Money from Insurance Companies eg: 53% decrease in claims rejected, decreased average time in accts receivable eg: 53% decrease in claims rejected, decreased average time in accts receivable Avoid getting sued Avoid getting sued eg: 1200 wrong dosages avoided eg: 1200 wrong dosages avoided Save on Personnel costs Save on Personnel costs eg: Reduce temp staff, e-XRAYs etc. eg: Reduce temp staff, e-XRAYs etc.

3 Other benefits Improved quality of care Improved quality of care Less admin stuff Less admin stuff Less paperwork for doctors to deal with Less paperwork for doctors to deal with Savings of $140 billion nationwide Savings of $140 billion nationwide So we should just do it, Right ???? So we should just do it, Right ???? NO !!!!! NO !!!!!

4 CATCH 22s To save money you have to spend money To save money you have to spend money -$33,000 per doctor plus $1500 per month -$33,000 per doctor plus $1500 per month -have to change decade old practices -have to change decade old practices People who benefit the most pay the least !! People who benefit the most pay the least !!

5 The Software Beast !!! Software is never plug & play Software is never plug & play Requires extensive maintenance & Requires extensive maintenance & costs not clear upfront costs not clear upfront Different systems need to talk to each other Different systems need to talk to each other Hundreds of vendors like McKesson to EHTI with 1000s of products Hundreds of vendors like McKesson to EHTI with 1000s of products Kaiser Permanante failed & redoing it at a $3.2 billion price tag. Kaiser Permanante failed & redoing it at a $3.2 billion price tag.

6 Dual Problems Incentive Incentive What to buy !! What to buy !! ------EMR highly recommended !!! Swedens at 90 % while we are at 20 % ------EMR highly recommended !!! Swedens at 90 % while we are at 20 %

7 Solutions---Incentives Insurance companies playing a carrot and stick approach with providers Insurance companies playing a carrot and stick approach with providers BlueCross, WellPoint have spent millions to help doctors go electronic BlueCross, WellPoint have spent millions to help doctors go electronic Medicare, Medicaid, VA and Federal Government taking lead. Medicare, Medicaid, VA and Federal Government taking lead.

8 Solutions-What to buy!! Veterans leading the way !!! Veterans leading the way !!! Electronic record system called Vista Electronic record system called Vista Outperformed other providers in a lot of benchmarks. Outperformed other providers in a lot of benchmarks. Increased vaccinations to 94 % and saving 600 lives Increased vaccinations to 94 % and saving 600 lives FREE !!!!!!!!!! FREE !!!!!!!!!!

9 Veterans Still Serving the Nation !! Veterans have modified Vista to create WorldVista. Veterans have modified Vista to create WorldVista. Easy for small practice to use and still cheaper than buying software. Easy for small practice to use and still cheaper than buying software. Medicare and Medicaid encouraging people to use it !! Medicare and Medicaid encouraging people to use it !!

10 Conclusion EMR will save $$$ in the long run EMR will save $$$ in the long run There need to be incentives There need to be incentives Implementation not easy Implementation not easy Standardization Needed Standardization Needed Use WorldVista if you cant buy anything !! Use WorldVista if you cant buy anything !!


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