EMR (Electronic medical Record) EPIC)

My report for business plan is based on EMR (Electronic medical Record) EPIC)I am supposed to write you will need to re-write your part ofthe assignment that is the 1- Company Description and 2 – Product orService based on the information provided in the HCA 620: ElectronicMedical Record instructions that state:”You are are the Information Technology (IT) project manager in a200-bed inner-city hospital that has a 30-member primary carephysician group that has one hospital-based clinic and 4 clinicsdispersed throughout the local community. You have been asked bysenior leadarship to put together a proposal for creating theorganization’s Electronic Medical Record (EMR) for both the hospitaland the clinics.”Based on the above you will provide a description of thehospital (the company) and the products or services (200-bed facility,with 30-primary care physicians, a clinic, and 4 community clinics,you can indicate that the hospital has ICUs, PCUs, surgical suites,how many patient’s are cared for daily, weekly, etc.). The EMRbusiness plan is a proposal to sell the EMR that we have selectedafter analyzing the market as the best option for the hospital. Doesthis make sense? If not let me know and we can set up a date and timefor a phone conversation to discuss just let me know. Again thank youfor your hard work and efforts, they are greatly appreciated.I’m confused with regard to the CLC business plan that our group wasassigned. I’m in the Purple Group and we were assigned the EMRbusiness plan. According to the background information the group, froman IT project manager’s perspective, is to “put together a proposalfor creating the organization’s EMR for the hospital and clinics.” I’mconfused because I’m not sure if the group is to provide a“description of the product or service and business and industryprofile” for the 200-bed inner city hospital or the EMR vendor?My understanding is that the group is to provide a comprehensivedescription of the product or service and business and industryprofile for the 200-bed hospital and clinics rather than the EMRvendor.Basically my understanding is that the IT project manager is tocreate a business plan to “sell” the most appropriate and best fit EMRvendor (s) to senior leadership. Therefore, it is necessary to providea description of the product or service and business profile of the200-bed hospital and its current medical record keeping system thatmay be paper or disparate departmental ancillary applications or acombination of both and how the organization can benefit from a fullyintegrated EMR system. Can you please clarify this for me? business plan is a proposal to sell the EMR that we have selectedafter analyzing the market as the best option for the hospital. Doesthis make sense? If not let me know and we can set up a date and timefor a phone conversation to discuss just let me know. Again thank youfor your hard work and efforts, they are greatly appreciated.My Business plan is for Electronic Medical Record I choose Epic SystemI need to write A,Description of the Business and B Products Services in SectionSee the details below:The details above:::It is a hospital based IT manager creating or selling the Epic system:APA style and at least 5 ReferencesA Business Plan helps you evaluate the feasibility of a new business idea in an objective, critical, and unemotional way. • Marketing – Is there a market? How much can you sell? • Management – Does the management team have the skill? • Financial – Can the business make a profit? It provides an operating plan to assist you in running the business and improves your probability of success. • Identify opportunities and avoid mistakes • Develop production, administrative, and marketing plans • Create budgets and projections to show financial outcomes It communicates your idea to others, serves as a “selling tool,” and provides the basis for your financing proposal. • Determine the amount and type of financing needed • Forecast profitability and investor return on investment • Forecast cash flow, show liquidity and ability to repay debt Who will use the plan? If you won’t use the plan to raise money, your plan will be internal and may be less formal. If you are presenting it to outsiders as a financing proposal, presentation quality and thorough financial analysis are very important.Executive Summary is often added at the beginning of more complex business plans.Executive Summary or Statement of Purpose Table of Contents Section One: The Business A. Description of Business B. Products/ServicesDescription of the BusinessPart A provides an overview of key information which is developed in greater detail in the following pages. Aim for clarity and simplicity in this part. Too much detail here gets in the way of the main ideas. The Elevator Test – Can you explain your basic business idea in the time it takes to get from the lobby to the 5th floor?Basic Questions:1) What general type of business is this?2) What is the status of the business? Start-up, expansion or take-over?3) What is the business form? Sole Proprietorship, Partnership, Corporation or Limited Liability Company?4) What are your products? 5) Who are (will be) your customers? Additional Questions for Start-Ups: 1) Why will you be successful in this business?2) What is your experience with this type of business? 3) What will be special or unique about this business? 4) Why will your business be successful?Additional Questions for Purchase of Existing Business: 1) When and by whom was the business founded? 2) Why is the owner selling? 3) How was the purchase price determined? 4) What are the current financial conditions and trends? 5) How will your management make the business more profitable? Writing a Business Plan Georgia State SBDC 7B. Products/Services In this section, describe your product offering.This will include details of product features and an overview of unique technology or processes. But don’t stop there and don’t focus too much on technology. You must also describe the product benefits and why customers will want to buy. For most businesses, the products/services are not totally unique. If yours are, take advantage of this while you can and plan for the competitive battles that will come. If your products/services are not unique, you must find a way to position your products/services in the mind of your customer and to differentiate them from the competition. Positioning is the process of establishing your image with prospects or customers. (Examples include: highest quality, lowest price, wider selection, Best customer service, faster delivery, etc.)Basic Questions: 1) What products/services are you (will you be) selling?2) What are the features and benefits of what you sell?3) What Position do you have (or want to have) in the market?4) How do your products/services differ from the competition?5) What makes your products unique and desirable?6) Why do (will) customers buy from you?

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