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Constructing a financial case for a computerized patient data management system (PDMS) in a cardiothoracic intensive
1Department of Health and Continuing Professional Studies, De Montfort University, Leicester, UK.
Medical Informatics and the Internet in Medicine
|November 22, 2000
Summary
Computerized patient data management systems (PDMS) may offer significant cost savings by reducing nursing time, potentially leading to a smaller workforce. Further research is needed to confirm the long-term financial benefits of these healthcare technologies.
Area of Science:
- Health Informatics
- Nursing Informatics
- Healthcare Management
Background:
- Patient data management systems (PDMS) are increasingly adopted in healthcare settings.
- Claims regarding the benefits of PDMS often focus on optimizing patient care.
- The cost-effectiveness of PDMS has been underexplored in published literature.
Purpose of the Study:
- To present a financial case for the implementation of computerized patient data management systems.
- To evaluate the potential cost-effectiveness of PDMS based on nursing time savings.
- To explore the profitability of PDMS over an extended period.
Main Methods:
- Financial analysis of implementing computerized patient data management systems.
- Premise of nursing time savings translated into workforce reduction.
- Cost-benefit analysis over an 8-year period.
Main Results:
- Analysis suggests substantial profits from PDMS over an 8-year timeframe.
- Nursing time savings are a key factor in the projected financial benefits.
- The study indicates a positive financial return on investment for PDMS.
Conclusions:
- Computerized patient data management systems present a potentially profitable investment.
- Further research is recommended to substantiate the long-term financial viability of PDMS.
- The financial case for PDMS is supported by potential nursing time efficiencies.
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