How the Stimulus Package May Impact Your Lab
Has the stimulus package stimulated your facility’s search for an EMR? Laboratory Information Systems (LIS) provide a Return On Investment (ROI) well beyond getting lab results into your EMR.
With the recent news regarding the stimulus plan and the healthcare IT directive for physician Electronic Medical Record systems, more and more provider groups will consider the adoption and implementation of an EMR. A large amount of the information populating the EMR is diagnostic information in the form of lab results both from your own in-house lab and your reference laboratory.
Without an LIS, alternative methods for getting lab results into the EMR are manual, subject to errors, and diminish the usefulness of your EMR. An immediate benefit of your LIS investment is the seamless electronic integration of the EMR and LIS, providing the seamless flow of orders and results. Besides integration, there are many other benefits realized with the installation of an LIS. Review the articles below to see how the adoption of an LIS can reap hard dollar returns on your investment beyond getting lab results into your EMR.
Articles Worth Reading
Read the following articles to learn more about the opportunities ahead of you, and if you are interested in learning more about integrating your lab with your EMR system, complete the online form to request additional information from an Orchard representative.
- “The Stimulus—What does it mean for Clinical Labs?” & “Recovering with New Tax Breaks” (Read Online) (Read PDF)
This special supplement from CLP Magazine includes two articles discussing how the recent stimulus bill impacts and benefits labs.
- “EMR & LIS: Working Together” (Read Online) (Read PDF)
If your practice is considering an EMR, it may also be time for a LIS. This article outlines the benefits an LIS can make in your laboratory and provides a guideline for showing your managing physicians the rewards of implementation.
- “Receiving is Believing” (Read PDF)
This article looks at the possible ROI you might realize from your organization's financial investment in an LIS, including reduced costs, fewer errors, and increased revenue.
- “Which Comes First—The EMR or LIS?” (Read PDF)
The push for the Electronic Medical Record has intensified, and the demand for integrated technology into healthcare has increased. For a physician group or clinic shopping for an EMR and with no LIS, the question arises, “Which should come first, the EMR or the LIS?” This article presents the advantages of putting in an LIS first and the overall benefits of an integrated EMR and LIS. This article may provide the justification needed to help with a presentation to decision makers who control the budget.
Click the link for more articles on the LIS.