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Electronic Medical Records: Effects on how organizations can track finances

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How does an EHR impact the financial and billing side of healthcare management? What are some of the advantages of utilizing such a system and how can management utilize these technologies in order to improve administration?

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This 342 word solution discusses the implications of electronic medical records on the ability for an organization to predict financial trends and highlights some of the ways that management can utilize these technologies to improve the administration of an organization.

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Electronic health records are designed for two primary purposes: easy/convenient access and modification of data, as well as precision in collecting, quantifying and analyzing data for trends, and for billing.

EHR makes it easier, for example, for a pharmacist to input exactly what and how much of a drug was prescribed, allowing the inventory to immediately update. Depending on the billing system, at any point in time, it is possible ...

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