CBO examines return on investment for health IT

If ever there were a business proposition in which the level of investment is in inverse proportion to the rigor of the analysis of the financial return on that investment it is in the microeconomics of healthcare organizations and their spending on clinical IT systems.
Ask a typical healthcare chief executive officer for the hard return on investment on their latest multimillion-dollar pop on, say, an enterprisewide electronic health-record system, and the most common response is a cough into the hand, which is often followed by some bromide about it being the “right thing to do” or a rationalization about how no one performs a return on investment on the hospital elevator system or parking lot.

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