Business Posts
(1) Finance
Balance Sheet
ASSETS
Non-current assets
$30,000
Equipment
$30,000
Current assets
$170,000
Inventory
$20,000
Accounts receivable
$100,000
Cash
$50,000
TOTAL ASSETS
$200,000
LIABILITIES
Accounts payable
$12,000
Payroll
$10,000
Rent
$5,000
Utilities
$2,500
$29,500
Owner's equity
$170,500
$170,500
TOTAL EQUITY AND LIABIULITIES
$200,000
(2) Discussion topic: Technology and Tools
Strengths
Weaknesses
Lower start-up costs. Fewer issues with maintenance of hardware. More resources including personnel and sophisticated procedures for security and backup of the patient information.
More ongoing expense over the long-term.
Subject to interruptions to the Internet, which restricts access to the EMR data.
The clinical...
Enhanced documentation with access to digital imaging and special testing. Better integration between the clinic and the business department.
Although somewhat remote, a vendor providing web-based EMR services could go out of business, making back-up systems and disaster planning imperative. The costs attributable to the EMR systems vary depending on whether the systems are in-house or web-based off-site.
Planning of the EMR implementation will focus on intelligence-based system rather than simply a transaction-based system. From the outset, the EMR system needs to be able to leverage big data, support smart processes, and make recommendations based on the care contexts. John Glaser, PhD., is currently the CEO of the Health Services Business for Siemens Healthcare, and prior to that, he served as Vice President and Chief Information Officer for Partners HealthCare. What this means is that Glaser has the perspective of both a vendor and a care provider. Dr. Glasser recently…
