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Health Informatics And Technology Management

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Information Technology

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Walden University

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MMHA 6600

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Health Informatics and Technology Management

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Health Informatics and Technology Management

Every organization must desire to maximize on its profits using the least amount of

resources. It is the responsibility of the leadership organization to implement strategies that

will maximize profits. One of the most common causes of low profits or even losses in

organizations is the misuse of resources. Organizations must devise efficient resource

utilization strategies that will lower costs and in return maximize profits (Wager et al., 2017).

In the present case, Dynamic Health System desires to create an investment (ROI) strategy

for the acquisition of a strategic HIT solution with a consideration of some cost saving and

revenue generating opportunities that will not only improve its financial position but also

enhance its competitiveness in the market.

In the implementation of the EPIC technology, Dynamic needs to make a one-time

purchase of the necessary hardware and software. It will be useful to the organization if it

trains its IT staff on the use of the technology. One of the most significant costs associated

with this technology is the cost of maintenance (Reddy & Aggerwal, 2015). Rather than

having the suppliers of the technology coming to the premises to offer maintenance services

monthly, a venture that may be very expensive, it would be less costly if the organization

trains its employees to carry out the maintenance services.

The traditional service for fee source of revenue may not be sustainable for modern

hospital organizations. This means healthcare organizations need to devise additional ways of

enhancing their revenues. Dynamic can make use of HIT Solutions generate new revenue.

One way in which Dynamic may generate new revenues with the HIT Solutions is to provide

consulting and hosting services to other healthcare organizations that may be interested in

Epic electronic health records. Since many healthcare organizations may be interested in the

EPIC technology but may be hindered by the huge implementation costs, Dynamic may fill

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1 Health Informatics and Technology Management Name Institutional affiliation Course Tutor Date 2 Health Informatics and Technology Management Every organization must desire to maximize on its profits using the least amount of resources. It is the responsibility of the leadership organization to implement strategies that will maximize profits. One of the most common causes of low profits or even losses in organizations is the misuse of resources. Organizations must devise efficient resource utilization strategies that will lower costs and in return maximize profits (Wager et al., 2017). In the present case, Dynamic Health System desires to create an investment (ROI) strategy for the acquisition of a strategic HIT solution with a consideration of some cost saving and revenue generating opportunities that will not only improve its financial position but also enhance its competitiveness in the market. In the implementation of the EPIC technology, Dynamic needs to make a one-time purchase of the necessary hardware and software. It will be useful to the organization if it trains its IT staff on the use of the technology. One of the most significant costs associated with this technol ...
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Tags: Health informatics HIT Infrastructure Technology Management