Re: Walmart Health: Just had a great dental visit this morning, which was preceded by helpful reminders from Epic, and…
From the Consultant’s Corner 2/6/13
There’s No Time Like the Present: Shifting to a Core Vendor Before ICD-10 Implementation
By Brad Boyd
Is your organization thinking about transitioning your patient access, EHR and/or revenue applications to a single core vendor? If you are, you are not alone. This has been a strong industry trend over the past three years, and many IT vendors have made this a development priority.
With healthcare reform ushering in initiatives like Meaningful Use, accountable care organizations, and value-based reimbursement models, technology systems that smoothly integrate clinical and business data are essential. In most cases, a core vendor that provides tight integration across these applications is better positioned to meet a healthcare organization’s business intelligence requirements.
I recommend that organizations evaluate the benefits of a core vendor from feature, functionality, total cost of ownership, and reporting perspectives. Truly integrated systems provide a variety of benefits which often include decreased operating expenses, reduced lost charges, improved reporting, and a rich functionality which can enhance the overall patient experience. However, with the benefits of a core vendor often come trade-offs from a best-of-breed perspective, particularly gaps in workflow capabilities.
Given the delay in ICD-10 implementation, now is an opportune time to engage in a focused assessment on long-term vendor strategy. While a system conversion is not an insignificant undertaking, there are efficiencies and cost advantages to make this switch in tandem with other changes required by ICD-10.
While switching to one core vendor may not be appropriate for your organization — or resource availability may not permit tackling both ICD-10 and a system conversion concurrently — examining the benefits, cost impact, and operational readiness is a valuable exercise. The delay in ICD-10 provides you with an opportunity for this analysis.
Brad Boyd is vice president of sales and marketing for Culbert Healthcare Solutions.
Sounds good, painless and makes sense on paper.
But then again, if it sounds easy or too good to be true, it probably is
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