NURS FPX 6416 Assessment 3 Evaluation of an Information System Change Cost Savings Analysis 

Therefore, healthcare organizations always welcome new and innovative ideas that can result in cost savings. Healthcare providers run patient-centered programs to have cost-effectiveness and improve the population’s health with patients in high need (Breckenridge et al., 2019).

Ways of Cost Savings with Care Coordination

Care coordination among healthcare settings, clinicians, and specialties have been the basic aim of healthcare payments and reforms for delivery service. It is argued that improved care coordination is a solution to a divided healthcare system, and it would lead to better patient outcomes, better experiences of patients, and reduced costs. Provided with the high costs of hospital encounters, healthcare providers have started patient-centered programs to enhance the cost-effective solution for people with greater needs (Khullar & Chokshi, 2018).

The cost of various therapies is higher due to a lack of communication and coordination between the doctors and other healthcare staff of different healthcare organizations. This gap in communication between care providers results in a higher cost for patients requiring different therapies and medical treatments. Effective and timely communication between the healthcare community can reduce the cost of high treatments and provide quality care with cost savings overall.

As the access to healthcare services is becoming difficult for people, integrated care is getting more important, and investment is envisioned by authorities in integrated care to be the subsidized cost solution for providing quality care. Integrated care will provide improved outcomes for patients at a lesser cost. Further, financial studies are required to address the methodological problems to support policy decisions, with strong evidence of cost-savings of integrated care (Rocks et al., 2020).

Moreover, despite all the efforts, medical errors are still a major concern among healthcare staff. The medical errors that can be prevented contribute significantly to healthcare costs, inclusive of health insurance costs per person. If healthcare staff work together, the cost can be reduced due to errors. The estimated cost of medical errors is about $12 billion (Rodziewicz & Hipskind, 2022)