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March 12th, 2010Medsphere Systems Corporation, the leading provider of open-source healthcare IT solutions, today unveiled a new Stimulus ROI Calculator designed to help hospitals make more informed, financially sound health IT decisions.
“This online Calculator,” explained Medsphere President and CEO Mike Doyle, “demonstrates the ability of most hospitals to leverage federal stimulus dollars and totally fund a proven and comprehensive electronic health record solution, specifically, Medspheres OpenVista® EHR. Moreover, our rapid six-to-nine-month implementation process assures OpenVista hospitals that they will be enabled to achieve meaningful use in time to qualify for maximum stimulus dollars. And to let hospitals know how committed we are to helping them achieve meaningful health IT use and thereby meet federal stimulus requirements, we put one-third of our subscription fees at risk.”
This automated ROI Calculator uses Medicare and Medicaid discharge information to calculate the estimated federal stimulus dollars a hospital can qualify for by achieving meaningful use as defined by the American Recovery and Reinvestment Act of 2009 . The federal government is using ARRA, in part, to impel healthcare organizations to deploy and meaningfully use the health IT necessary to manage costs and improve patient care. The tool helps hospitals estimate five-year subscription fees for Medspheres OpenVista® EHR solution based on the data they enter (exact figures available upon request ). The Calculator then automatically correlates the two estimates — EHR fees and ARRA stimulus — to show hospital executives approximately how long it will take to recoup their EHR investment via ARRA.
“As hospitals ponder meaningful use of EHRs and meeting federal ARRA guidelines , they need straight answers from vendors on pricing, time to implementation, achievement of meaningful use and other key issues,” said Doyle. “A general lack of vendor openness has made many hospitals reluctant to proceed though they may be leaving millions of sorely needed stimulus dollars on the table.
“As an open-source leader, we make every effort to walk the open-source talk. In other words, our default setting is to collaborate wherever possible and be as transparent as possible. To that end, were lifting the veil on OpenVista pricing. We want hospitals big and small, public and private, to know that, thanks to the stimulus bill, they really can afford to deploy a quality EHR that was battle-tested over almost two decades of use by the Department of Veterans Affairs and more recently in award-winning Medsphere customer sites.
Medsphere Systems Corporation, the leading provider of open-source healthcare IT solutions, today unveiled a new Stimulus ROI Calculator designed to help hospitals make more informed, financially sound health IT decisions.
“This online Calculator,” explained Medsphere President and CEO Mike Doyle, “demonstrates the ability of most hospitals to leverage federal stimulus dollars and totally fund a proven and comprehensive electronic health record solution, specifically, Medspheres OpenVista® EHR. Moreover, our rapid six-to-nine-month implementation process assures OpenVista hospitals that they will be enabled to achieve meaningful use in time to qualify for maximum stimulus dollars. And to let hospitals know how committed we are to helping them achieve meaningful health IT use and thereby meet federal stimulus requirements, we put one-third of our subscription fees at risk.”
This automated ROI Calculator uses Medicare and Medicaid discharge information to calculate the estimated federal stimulus dollars a hospital can qualify for by achieving meaningful use as defined by the American Recovery and Reinvestment Act of 2009 . The federal government is using ARRA, in part, to impel healthcare organizations to deploy and meaningfully use the health IT necessary to manage costs and improve patient care. The tool helps hospitals estimate five-year subscription fees for Medspheres OpenVista® EHR solution based on the data they enter (exact figures available upon request ). The Calculator then automatically correlates the two estimates — EHR fees and ARRA stimulus — to show hospital executives approximately how long it will take to recoup their EHR investment via ARRA.
“As hospitals ponder meaningful use of EHRs and meeting federal ARRA guidelines , they need straight answers from vendors on pricing, time to implementation, achievement of meaningful use and other key issues,” said Doyle. “A general lack of vendor openness has made many hospitals reluctant to proceed though they may be leaving millions of sorely needed stimulus dollars on the table.
“As an open-source leader, we make every effort to walk the open-source talk. In other words, our default setting is to collaborate wherever possible and be as transparent as possible. To that end, were lifting the veil on OpenVista pricing. We want hospitals big and small, public and private, to know that, thanks to the stimulus bill, they really can afford to deploy a quality EHR that was battle-tested over almost two decades of use by the Department of Veterans Affairs and more recently in award-winning Medsphere customer sites.





