One of the key components of financial stability in the health sector is compliance with the fiscal rules, which underpins the legality of all financial activities and keeps the whole integrity of the institution. The forthcoming EHRs (electronic health records) as a revolution is disruptive; as a consequence, it encourages a great effect on healthcare including more efficiency and quality of care. It can be said now that the horizon of the healthcare industry has changed. However, a transition that has much variety in many aspects of dangers is inevitably inevitable while this revolution takes place. They bring a set of dangers and benefits you should be very careful specifying. The basic purpose of this paper is to critically assess the implicit issues (e.g. social construction of fiscal compliance in healthcare) that are leading to the generalization of electronic health record systems. It offers a deeper insight into the networking problem based on financial compliance to help organizations in delivering high-quality healthcare with the changing regulations.
The most recent studies take into account the complex matters involving EHR integration with financial compliance in a healthcare environment. However, EHRs are not free from worry among the specialists who are bothered about the problem of data confidentiality, personal privacy issues, current rules, and also transparency in financial matters (Hansen, & Baroody, 2020. The main issue is that the examination of this area is vast and various specific regulations have been quoted, but, the cumulative research about this case is not comprehensive. To that effect, the adoption of EHR systems still sounds muddled up to a considerable number of healthcare professionals while the costs of non-compliance are still evident. Therefore, the paper addresses this gap by examining all the pros and cons of EHR adoption. This study intends to fill that gap by designing precise tools for maximizing the compliance strategies to match healthcare providing in the changing face of it so that quality care and regulations are maintained as well as financial integrity.
The literature also explores the major problems, which include the HIPAA and HITECH’s significant steps on the suitability of EHR (Electronic Health Recording). The advocates make the EHRs one of the most technologically advanced components of the medical care system as they can now manage through these transparent and collaborative interactions among all healthcare providers. Others may raise concerns about data breaches, interoperability, illegal operations, and many other unknown problems. However, these technologies will certainly have their pluses as well. In this manner, this research does not only look into the challenges of implementing HERs within the compliant environments but also the complications of incorporation of HERs in those platforms. The research in itself is multidimensional as it has both ways of recognizing other standpoints, plus also contributes to a more academic speech concerning electronic health records in regards to regulatory compliance.
Investigation of the empirical evidence manifests overwhelming benefits as they are closely related to the health electronic records (HERR) adoption, for instance escalating, the efficiency, provision of accuracy, and consistency for the billing. However, the positive effects will be offset by the chances of threats posed by hackers, data breaches, and legal restrictions which might limit the use of innovative technologies. All this aspect involves two main developments financial investments and organizational redesign. The failure in both of them as described complicates the process of risk mitigation as the major issue that needs to be solved. As a company settles EHR integration issues more and more, it is becoming obvious that it is necessary to gain positives at the technologies online and withdraw from the risks too to be on a balance.
The evaluation of results applying the fiscal compliance benchmark has illustrated the balance being struck between innovative incentives and regulatory compliance in healthcare entities. In contrast to the ideal potion that gives doctors, patients, and healthcare institutions the upper hand, EHRs serve practitioners, patients, and health institutions but with the diversity of options they offer which can improve the quality of treatment and enhance the compliance rate. Yet, in addition, high-risk management methods are used with EHRs when it comes to finding the Gold standard clinical work. Thus, the result analysis is the witness that the monitoring work must be performed practically as well as case trail check just for the reason of compliance with the changeable regulations. This balance can be shown by such instances; this will enable EHRs to achieve their potential as they can be enforced by regulations as well as be used for financial sustainability.
The instigation of this research does not relate to just theoretical studies but gives out the possible solutions for healthcare organizations to use electronic medical records(EMR). Introducing this compliance-friendly corporate culture and intensifying the data security protocols does not mean that the organizations have discovered the unique life of EHRs or the organizations have restraints to using EHRs to the maximum capacity. Instead, these are the catalysts that help the organizations make the most use of them and follow the regulations. Lastly, the study has emphasized the social context which is supported by the involvement of a wide range of stakeholders, and has also highlighted the importance of research. The endpoint to the essence of which we have been aiming is now beneath our feet. These strategies must be integrated into the operational approach of healthcare players to ensure no issue in EHR implementation but radical acceptance for an application of the right factors of care for patients.
Although the applicability of empirical studies seriously impedes this research, however, it proves the importance of the use of innovative technologies like cryptocurrency and artificial intelligence for the success of effective fiscal compliance in the healthcare framework. Additionally, future research should be focused on the matching methodology of Electronic Health Record (EHR) functionality with different healthcare settings. This will elucidate the factors prevailing in different settings responsible for compliance. (Atluri & Thummisetti et al, 2022). Scholars can know regulatory environments’ aspects that fit the health institutions and the case of obtaining skills needed to sustain in an era of advanced technology due to such investigation. These projects offer the basis of new compliance projects about the healthcare system where different key players could reach out to each other directly without stagnation of the action, which is associated with the trust and effectiveness of the financial practices in healthcare.
In summary, the increasing trend of Electronic Health Records (EHRs) forewarns a revolution in healthcare, which provides advantages, however, it also shows a case of business risk. In truth, these complex challenges must be handled carefully as the electronic health records system becomes the engine of innovation in healthcare agencies, yet strict standards will be followed in the framework of the regulations. This research will serve to demonstrate the efficacy of a holistic approach to regulatory compliance including elements such as wearable technology aids, pill reminder robots, mobile communication networks, and governance structures applied at both workplace and personal levels that enforce a culture of ethics and compliance related to healthcare services delivery. In this manner, companies could be active players in the world in the evolution of the EHR’s innovative development and be at the front of the line to make sure that the system works for the benefit of patients and the organization.
References
Hansen, S., & Baroody, A. J. (2020). Electronic health records and the logics of care: complementarity and conflict in the US healthcare system. Information Systems Research, 31(1), 57-75. https://pubsonline.informs.org/doi/abs/10.1287/isre.2019.0875
Tomašev, N., Harris, N., Baur, S., Mottram, A., Glorot, X., Rae, J. W., … & Mohamed, S. (2021). Use of deep learning to develop continuous-risk models for adverse event prediction from electronic health records. Nature Protocols, 16(6), 2765-2787. https://www.nature.com/articles/s41596-021-00513-5
Atluri, H., & Thummisetti, B. S. P. (2022). A Holistic Examination of Patient Outcomes, Healthcare Accessibility, and Technological Integration in Remote Healthcare Delivery. Transactions on Latest Trends in Health Sector, 14(14). https://www.ijsdcs.com/index.php/TLHS/article/view/435