ROI Analysis in HIT Planning


The nature of modern healthcare is significantly affected by the kind of innovation that is made useful as a part of the distinctive fields of telemedicine. Innovation in telemedicine is commonly a way in which it is made use of together with other different discoveries. The change involves electronically keeping records of patients in a digital format which can be shared across various settings of health care. Electronic Medical System has been viewed as a practical approach to provide improved and quality care to individuals residing in distant places (Ludwick, 2009). Integrating electronic communication at all levels of healthcare is a step towards the advancement in long term care, specifically in home healthcare.

Statement of the problem

Bethany hospital’s efforts are being dragged down by the absence of proper telemedical infrastructure. This absence has negatively affected the hospital’s service delivery in long-term healthcare, as demand for quality care is high, but its supply is relatively lower. Despite this, the facility is yet to make any follow-ups to handle this situation. Introducing a proper electronic recording health system into the hospital will be an added advantage to the hospital in terms of providing adequate healthcare as it will provide a means of tracking and recording patient information.

The extent of the HIT solution

The execution of a proper medical framework demands a lot in the form of clinical and technical requirements. Staff training is necessary for them to be able to handle new technological aspects (Cook, 2014). The institution will have to purchase infrastructure in terms of database, network, servers and other IT peripherals. It additionally needs to seek out the services of an IT expert who will be tasked to conduct system maintenance to ensure things run smoothly while at the same time maintaining the new standards.

Stakeholder analysis

Interested parties should actively be involved in the acquisition process for a change to be effective. This includes physicians, managers, and patients. Changes in one segment will alter the structure of the whole framework. The new system will increase interconnections between doctors and patients in the sense that patients will be in a position to store their health records with ease for access by doctors. Improved healthcare brought about by the technology will raise the reputation of the stakeholders brought about by the high referral rates and enhanced healthcare system. This will in return attract more patients from already full hospitals thereby translating into higher profits accrued by the management.

Risk Analysis & Assumptions

The financial risk associated with the adoption of the HIT system needs to be assessed as it is the primary driver in implementing the project. The initial cost of adopting the system is expensive but in the long run, will lead to a decrease in the overall costs. Acquisition of legal help is necessary for drawing up contracts and legal agreements regarding the HIT system. Accountants must have certain assumptions in place to maintain a positive accounting practice (Bragg, 2007). This will aid in predicting whether or not the technology is worth adopting. The first basic assumption relates to consistency in accounting practice. The financial statements are assumed to be uniform to prevent fluctuations in the pro forma. Secondly, the figures in the pro forma are considered to be reliable transactions. These means that the expenses are legitimate in the long run. Another underlying assumption is the period assumption, i.e., a regular period is assumed when recording the capital and expense figures.


Bragg, S. (2007). Management and Accounting Best Practices.

Cook, S. (2014). MBSE-Supported System Acquisition. INSIGHT, 40-42.

Hoeksema, A. (2012). Why You Need to Include Assumptions With Your Financial Projections.

Ludwick, D. (2009). Adopting Electronic Medical Systems in Primary Care. International Journal of Medical Informatics.