Choosing the right amount of healthcare information technologies investments

International Journal of Medical Informatics
Rodolphe Meyer, Patrice Degoulet

Abstract

Choosing and justifying the right amount of investment in healthcare information technologies (HITECH or HIT) in hospitals is an ever increasing challenge. Our objectives are to assess the financial impact of HIT on hospital outcome, and propose decision-helping tools that could be used to rationalize the distribution of hospital finances. We used a production function and microeconomic tools on data of 21 Paris university hospitals recorded from 1998 to 2006 to compute the elasticity coefficients of HIT versus non-HIT capital and labor as regards to hospital financial outcome and optimize the distribution of investments according to the productivity associated with each input. HIT inputs and non-HIT inputs both have a positive and significant impact on hospital production (elasticity coefficients respectively of 0.106 and 0.893; R(2) of 0.92). We forecast 2006 results from the 1998 to 2005 dataset with an accuracy of +0.61%. With the model used, the best proportion of HIT investments was estimated to be 10.6% of total input and this was predicted to lead to a total saving of 388 million Euros for the 2006 dataset. Considering HIT investment from the point of view of a global portfolio and applying econometric and microeconomic...Continue Reading

References

Apr 26, 2003·The American Journal of Medicine·Samuel J WangDavid W Bates
Aug 12, 2005·The Journal of Rural Health : Official Journal of the American Rural Health Association and the National Rural Health Care Association·Nir MenachemiRobert G Brooks
Sep 20, 2005·International Journal of Medical Informatics·Reinhold Haux
Feb 28, 2006·Journal of the American Medical Informatics Association : JAMIA·Rainu KaushalUNKNOWN Brigham and Women's Hospital CPOE Working Group
Apr 18, 2008·Journal of Health Economics·Núria Mas, Janice Seinfeld
Jan 28, 2009·Archives of Internal Medicine·Ruben AmarasinghamNeil R Powe
Mar 27, 2009·The New England Journal of Medicine·David Blumenthal
Jun 19, 2009·Medical Care·Anirban Basu, Willard G Manning

❮ Previous
Next ❯

Citations

Aug 16, 2014·Journal of Medical Systems·Manuela DeiddaIoannis Maghiros
Aug 31, 2014·Journal of Medical Systems·Brahim HadjiPatrice Degoulet
Jan 5, 2016·International Journal of Medical Informatics·Brahim HadjiPatrice Degoulet
Apr 2, 2016·Journal of Biomedical Informatics·Brahim Hadji, Patrice Degoulet
Nov 9, 2017·Health Informatics Journal·Anita BregenzerPaul Jiménez

❮ Previous
Next ❯

Related Concepts

Trending Feeds

COVID-19

Coronaviruses encompass a large family of viruses that cause the common cold as well as more serious diseases, such as the ongoing outbreak of coronavirus disease 2019 (COVID-19; formally known as 2019-nCoV). Coronaviruses can spread from animals to humans; symptoms include fever, cough, shortness of breath, and breathing difficulties; in more severe cases, infection can lead to death. This feed covers recent research on COVID-19.

Blastomycosis

Blastomycosis fungal infections spread through inhaling Blastomyces dermatitidis spores. Discover the latest research on blastomycosis fungal infections here.

Nuclear Pore Complex in ALS/FTD

Alterations in nucleocytoplasmic transport, controlled by the nuclear pore complex, may be involved in the pathomechanism underlying multiple neurodegenerative diseases including Amyotrophic Lateral Sclerosis and Frontotemporal Dementia. Here is the latest research on the nuclear pore complex in ALS and FTD.

Applications of Molecular Barcoding

The concept of molecular barcoding is that each original DNA or RNA molecule is attached to a unique sequence barcode. Sequence reads having different barcodes represent different original molecules, while sequence reads having the same barcode are results of PCR duplication from one original molecule. Discover the latest research on molecular barcoding here.

Chronic Fatigue Syndrome

Chronic fatigue syndrome is a disease characterized by unexplained disabling fatigue; the pathology of which is incompletely understood. Discover the latest research on chronic fatigue syndrome here.

Evolution of Pluripotency

Pluripotency refers to the ability of a cell to develop into three primary germ cell layers of the embryo. This feed focuses on the mechanisms that underlie the evolution of pluripotency. Here is the latest research.

Position Effect Variegation

Position Effect Variagation occurs when a gene is inactivated due to its positioning near heterochromatic regions within a chromosome. Discover the latest research on Position Effect Variagation here.

STING Receptor Agonists

Stimulator of IFN genes (STING) are a group of transmembrane proteins that are involved in the induction of type I interferon that is important in the innate immune response. The stimulation of STING has been an active area of research in the treatment of cancer and infectious diseases. Here is the latest research on STING receptor agonists.

Microbicide

Microbicides are products that can be applied to vaginal or rectal mucosal surfaces with the goal of preventing, or at least significantly reducing, the transmission of sexually transmitted infections. Here is the latest research on microbicides.