CPOE Return on Investment
Posted by GruntDoc on 2nd May 2006
In the email today comes an abstract from "J Am Med Inform Assoc. 2006;13:261-266", entitled "Return on Investment for a Computerized Physician Order Entry System". I’m going to put the whole thing in the extended entry, but here’s the Results section, and I wonder if you see the same thing I did:
Results: Between 1993 and 2002, the BWH spent $11.8 million to develop, implement, and operate CPOE. Over ten years, the system saved BWH $28.5 million for cumulative net savings of $16.7 million and net operating budget savings of $9.5 million given the institutional 80% prospective reimbursement rate. The CPOE system elements that resulted in the greatest cumulative savings were renal dosing guidance, nursing time utilization, specific drug guidance, and adverse drug event prevention. The CPOE system at BWH has resulted in substantial savings, including operating budget savings, to the institution over ten years.
Answers are invited in the comments.
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