Cost-Benefit Analysis of Electronic Medical Records (EMR) in Healthcare
A cost-benefit analysis of Electronic Medical Records (EMR) in healthcare reveals significant long-term savings and efficiency gains. While the initial implementation costs can be high, EMRs reduce administrative expenses, minimize errors, and improve billing accuracy. The enhanced efficiency and patient care quality lead to better financial performance for healthcare providers. Over time, the benefits of EMRs, including improved patient outcomes and streamlined operations, outweigh the initial investment.