The new equipment must meet the needs of both the healthcare facility and its providers, and must also provide an improvement over the previous system (Johnston & Bonama, 2011)

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The new EHR system must meet the needs of both the healthcare facility and its providers and must also provide improvement over the previous system

• The evaluation process begins with need recognition. This is the first and most crucial step in the process. It involves identifying the need for improving patient care with the overall objective of attaining a high degree of patient satisfaction (Pay, 2017). For instance, the need for a healthcare facility to purchase a new MRI-machine to assist doctors to diagnose diseases and evaluate injuries.

• Various factors may influence a healthcare facility to purchase a new MRI-machine.

These include the need to assist doctors in diagnosing a wide variety of conditions and diseases. It also helps doctors, scientists and researchers to carry out medical procedures and research (Gore, 2003).

• The machine uses a computer system, radio waves and a large magnet to generate a cross-sectional and detailed image of internal organs and structures. This helps medical practitioners to extensively examine the inside of the human body in order to provide quality treatment.

1 • New areas of care management and technological changes in the healthcare industry are also key factors that may influence a healthcare provider to purchase a new MRI-machine.

Suspected Entry: 67% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• New areas of care management and technological changes in the healthcare industry are also key factors that may influence a healthcare provider to purchase a new MRI-machine

Source - Another student's paper

New areas of care management and technological changes in the healthcare industry are also key factors influencing healthcare providers to replace existing EHR systems

Request for proposal (RFP)

1 • Once the facility has identified the need to purchase a new MRI- machine, the next step is to undertake an extensive research to determine the best MRI products in the market and how effective they have been applied in other similar facilities.

Suspected Entry: 63% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• Once the facility has identified the need to purchase a new MRI- machine, the next step is to undertake an extensive research to determine the best MRI products in the market and how effective they have been applied in other similar facilities

Source - Another student's paper

The committee will then embark on extensive research to determine the best EHR products in the market and how effective they have been applied in other similar facilities

The research will involve investigating top potential vendors in the market with an outstanding track record (Johnston & Bonama, 2015).

Suspected Entry: 71% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

The research will involve investigating top potential vendors in the market with an outstanding track record (Johnston & Bonama, 2015)

Source - Another student's paper

The research will involve investigating top potential vendors in the market with an outstanding track record in implementing EHR systems in a wide variety of practices

• The facility will then prepare Request for Proposal outlining its key requirements for an MRI machine and send them to the selected vendors who will provide information regarding the MRI products they offer and their costs based on what the healthcare facility has requested.

1 • Request for Proposal is a powerful tool used in the purchasing process of a valuable asset.

Suspected Entry: 62% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• Request for Proposal is a powerful tool used in the purchasing process of a valuable asset

Source - Another student's paper

Request for Proposal is a powerful tool to use in the selection process for EHR

It simply refers to a document prepared by an organization to request a vendor to provide key information needed to make an informed decision when purchasing a commodity or valuable asset.

Suspected Entry: 64% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

It simply refers to a document prepared by an organization to request a vendor to provide key information needed to make an informed decision when purchasing a commodity or valuable asset

Source - Another student's paper

An RFP is simply a document prepared by a healthcare facility to request a vendor to provide information they need to make an informed decision when choosing an EHR system

When preparing the proposal, a healthcare facility must clearly outline key requirements for the MRI machine, clinical specifications, specialities, and goals of the organization in regard to the acquisition of the machine (Zheng & Yiyong, 2009). 1 It should also include the timeframe for submission of the proposal.

Suspected Entry: 87% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

It should also include the timeframe for submission of the proposal

Source - Another student's paper

RFP should also include the timeframe for submission of the proposal

• The proposal should be arranged in a certain order to make it easy to understand and compare specific information such as the cost, required training, implementation services, and timeframe.

Suspected Entry: 77% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• The proposal should be arranged in a certain order to make it easy to understand and compare specific information such as the cost, required training, implementation services, and timeframe

Source - Another student's paper

In addition, it should be arranged in a certain order to make it easy to attain and compare specific information such as training, implementation, cost, and timeframe (Stone-Romero, 2012)

Evaluating vendors’ proposals

• Once the healthcare facility has received proposals from the selected vendors, the next step is to evaluate and select the best vendor. 1 The organization should come up with an effective way to grade the proposals based on the extent to which they attain each requirement.

Suspected Entry: 82% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

The organization should come up with an effective way to grade the proposals based on the extent to which they attain each requirement

Source - Another student's paper

Rank the Proposals Accordingly The steering committee should come up with an effective way to grade the proposals based on the extent to which they attain each requirement

This will enable them to identify vendors who effectively suit their needs.

Suspected Entry: 85% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

This will enable them to identify vendors who effectively suit their needs

Source - Another student's paper

It will enable them to identify vendors who effectively suit the needs of the practice

• After the evaluation process, 2-3 vendors can be selected and invited to the healthcare facility for further analysis and demonstrate their MRI-machine.

Suspected Entry: 64% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• After the evaluation process, 2-3 vendors can be selected and invited to the healthcare facility for further analysis and demonstrate their MRI-machine

Source - Another student's paper

The vendors should be invited to the healthcare facility for further analysis and to demonstrate their EHR systems

Based on this analysis and demonstration, the organization will be able to make a wise selection for the best-suited machine (Johnston & Bonama, 2015).

Suspected Entry: 75% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

Based on this analysis and demonstration, the organization will be able to make a wise selection for the best-suited machine (Johnston & Bonama, 2015)

Source - Another student's paper

Based on this analysis and demonstration, the practice will be able to make a wise selection for the best-suited EHR system

• The vendor’s proposal gives the first impression to the organization about the professionalism and operations of the vendor. 1 The proposal should include all the information requested and should be submitted within the stipulated timeframe.

Suspected Entry: 81% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

The proposal should include all the information requested and should be submitted within the stipulated timeframe

Source - Another student's paper

It should include all the information requested and should be submitted within the requested timeframe

• The proposal contains important information that helps the organization to evaluate the ability of the vendor to provide the required technical support, training and implementation services (Zheng & Yiyong, 2009). .

1 • The facility should also ensure that the selected vendor has readily available customer service support via call management system or internet conferencing.

Suspected Entry: 85% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• The facility should also ensure that the selected vendor has readily available customer service support via call management system or internet conferencing

Source - Another student's paper

The vendor should also have readily available customer service support via call management system or internet conferencing

2 Cost-benefit Analysis

Suspected Entry: 100% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

Cost-benefit Analysis

Source - Another student's paper

Cost-benefit analysis

1 • A cost-benefit analysis helps to evaluate the benefits and costs of the machine in order to determine its effectiveness and profitability over both the short-term and long-term.

Suspected Entry: 86% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• A cost-benefit analysis helps to evaluate the benefits and costs of the machine in order to determine its effectiveness and profitability over both the short-term and long-term

Source - Another student's paper

Cost-benefit Analysis A cost-benefit analysis helps to evaluate the benefits and costs of an EHR system in order to determine its effectiveness and profitability over both the short-term and long-term

• The analysis includes calculation of the machine costs including the initial set up cost as well as costs for updating and maintaining the system.

Suspected Entry: 94% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• The analysis includes calculation of the machine costs including the initial set up cost as well as costs for updating and maintaining the system

Source - Another student's paper

The analysis includes calculation of the system costs including the initial set up cost as well as costs for updating and maintaining the system

• The analysis also considers the time value of money which outlines future benefits that the organization will receive due to the adoption of the machine (Layard, 2014).

3 • Cost-benefit analysis is a systematic approach used by an organization to calculate and compare the costs and benefits of a course of action in a given situation.

Suspected Entry: 78% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• Cost-benefit analysis is a systematic approach used by an organization to calculate and compare the costs and benefits of a course of action in a given situation

Source - Another student's paper

Cost Benefit Analysis- is a systematic approach to calculating and comparing the benefits and costs of a course of action in a given situation

The analysis considers the savings that the organization will make in form of quality and efficiency from the purchase of the new machine.

• It will also include additional revenues which the organization will generate from activities directly attributable to the adoption of the new machine (Romeo et al., 2014).

1 • These costs and benefits will then be accurately aggregated to arrive at a final calculation.

Suspected Entry: 92% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

• These costs and benefits will then be accurately aggregated to arrive at a final calculation

Source - Another student's paper

These costs and benefits are then accurately aggregated to arrive at a final calculation

The process of purchasing a new MRI machine will be considered viable if its benefits outweigh its costs.

References

• Layard, P. R. G. (2014). 2 Cost-benefit analysis.

Suspected Entry: 100% match

Uploaded - Assignment04565CTpowerpoint2 update 22.pdf

Cost-benefit analysis