How to do an ROI (return on investment).
More and more hospitals are looking to automation through the use of medical information systems to support the achievement of increased profitability for the hospital. Those hospitals who are serious about the acquisition of such systems use return on investment (ROI) analysis as a tool to determine the projected level of profitability improvement offered by planned information systems. The potential level of savings varies widely among the many systems available on the market today. Those systems that have the greater depth of applications and most importantly are designed for direct usage by hospital professionals such as doctors and nurses yield the highest level of savings and profitability. The analysis and examples discussed in this article are based on the use of such a comprehensive medical information system.
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D002201:Capital Expenditures; D003362:Cost-Benefit Analysis / Q000379:methods; D004467:Economics; D006751:Hospital Information Systems / Q000191:economics*; D007449:Investments / Q000191:economics*; D010934:Planning Techniques; D011682:Purchasing, Hospital / Q000191:economics*