Health Information Technology increases both efficacy and quality of healthcare and aids in operational and strategic planning. Although it incurs initial implementation investment and then
Health Information Technology increases both efficacy and quality of healthcare and aids in operational and strategic planning. Although it incurs initial implementation investment and then periodic recurring maintenance and updating costs, it does not generate direct revenue, but the healthcare managers need to justify these costs to the executive management.
Select two (2) methods or techniques that you would use to determine and justify the value of HIT. Evaluate both in terms of their pros and cons. Which of these two methods would you recommend to use for presentation to the management and why? Analyze how these two methods of HIT value determination differ from the traditional IT value determination for business and healthcare?
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