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Financial Evaluation And Cost-Benefit Analysis Of EMR Implementation At Somerset Medical Center

Understand EMR financial evaluation with this assignment answers document.

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Financial Evaluation and Cost-Benefit Analysis of EMR Implementation at SomersetMedical CenterBased on the financial evaluation and cost-benefit analysis provided for the implementation of anElectronic Medical Record (EMR) system at Somerset Medical Center, discuss the following:1.The expected cost savings after the implementation of the EMR system in terms of chartpulls, transcription, drug events, and administrative expenses.2.The ROI calculation, including the payback period and net benefit analysis over the 5-year period.3.How the sensitivity analysis affects the overall financial viability of the project.Please provide a detailed analysis, including both quantitative and qualitative aspects of the EMRimplementation,andcriticallyevaluatewhetherthehospitalshouldproceedwiththeimplementation based on the findings.Word Count: 1,500–2,000 words

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