Tag Archives: electronic medical records

Obama EMT investment – Government reacting to market failure

NYT story notes how the investment to create incentives to single practice physicians is classic textbook reactionto market failure:

… only about 17 percent of the nation’s physicians are using computerized patient records, according to a government-sponsored survey published last year in The New England Journal of Medicine.“This is really not a technology problem,” observed Erik Brynjolfsson, an economist at the Sloan School of Management at the Massachusetts Institute of Technology. “It’s a matter of incentives and market failure.”

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E-Records Transition Can be costly

BBC reports one manager in Britain very upset over the cost to his organization:

Andrew Way, chief executive of London’s Royal Free Hospital, said technical problems had cost the trust £10m and meant fewer patients could be seen.

The Department of Health said lessons had been learnt from the trial.

The England scheme, part of a £12bn IT upgrade, aims to put 50 million patient records on a secure database by 2014.

Implementation costs are important to consider when designing and evaluating policies.

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