Тренд На Рынке Форекс Как Увидеть Разворот Либо Начало Нового Тренда Без Индикаторов

Показатель один из нескольких хорошо работает на флэте, плохо действует на высокочастотных колебаниях цен. Верное вычисление текущего тренда – залог успешной торговли активами на валютном рынке. Важно понимать, что фондовая торговля никогда не находится в стабильном или цикличном положении. Курсы постоянно изменяются, особенно по активным торгам или валютным парам, подверженным влиянию ряда факторов. То есть, зафиксировать направление изменения котировки получится только разово, спустя время вектор изменится. Временной интервал – важный показатель систематизации трендовых движений на Форекс.

Если 7 находится над 20, а та над 65 — перед нами красноречивое доказательство тренда. Некоторые валютные пары или активы более трендовые, поскольку их ликвидность приводит к повышенной волатильности и, соответственно, большим и вкусным трендам. Определять же тренд можно не только линиями или каналами, но и другими методами, скажем, техническими индикаторами. В нисходящем тренде как сигнал продолжения тренда. Детальное изучение разворотной фигуры «голова и плечи» («перевернутая голова и плечи») предлагает Академия трейдингаMasterForex-V. Мастеровитые трейдеры используют для определения разворота японские свечи.

  • Свечи будут находится между верхними двумя полосами.
  • Тем, кто ищет честный способ заработка и приумножения капитала, однозначно стоит попробовать трейдинг.
  • Трейдеры, которые мечтают точно предсказывать развороты трендов и ловить движения целиком, чем-то похожи на серферов, рыскающих по миру в поисках гигантских волн.
  • Индикатор впервые появился на рынке акций в 1979г.
  • Ибо волшебной системы под все условия рынка мне что-то не попадалось.
  • В новом тренде обязательно образуются коррекции, которые выглядят как фигуры продолжения курса.
  • В такой ситуации он является типичным сигналом не разворота, а именно продолжения тренда.

Для анализа используется индикатор объемов форекс. В одной из своих книг Victor Sperandeo предлагает три шага для идентификации изменений в тенденции. Эта трёхшаговая стратегия помогает избежать многих потерь и найти отличные возможности для торговли.

Для того, что бы точно предсказать этот важный момент следует использовать все доступные методы. Стоит иметь в виду, что для определения точки разворота используются не пересечения MACD и нулевой или сигнальной линий, а дивергенция. Речь идет об утрате момента в движении цены, например, при формировании двойного дна или двойной вершины. Из всего многообразия индикаторов трейдеры особенно выделяют такой сигнал с осцилляторов, как дивергенция (конвергенция для медвежьего рынка и разворота снизу вверх). Наиболее часто встречающимся вариантом можно назвать применение индикаторов MACD и AO для поиска дивергенций. Отображение в виде диаграммы позволяет очень легко идентифицировать разворотные точки, а также предположить заранее разворотный сценарий.

Минусы Индикатора Разворота Тренда Macd

С помощью данных программ, Вы можете отработать различные стратегии и эффективно использовать прогнозы рынка, чтобы предсказать движение цены. Торговля против тренда на первый взгляд кажется нелогичной. Ведь если цена идет вверх, то было бы логично покупать актив или наоборот продавать его на падающим рынке. Рынок волатилен, тренд никогда не бывает идеально прямой восходящей линией. На нем всегда есть место локальным коррекциям, борьбе бычьего и медвежьего капиталов и т.д.

Во-вторых, этот метод дает возможность открывать позицию в самый ранний период зарождения тенденции, когда цена движется наиболее стремительно. Аналитика и прогнозы — это основные факторы, на которые должен ориентироваться трейдер при принятии торговых решений. Прогнозы можно составлять самостоятельно, на основе новостей, а можно знакомиться с готовыми экспертными оценками того или иного факта. Если самостоятельная торговля кажется трейдеру слишком обременительной, он может воспользоваться услугой «доверительное управление капиталом». Это значит, что вы точно так же в любое удобное время можете зарабатывать деньги на разнице курса валют. Рынок Форекс работает с различными валютами, акциями, индексами и драгоценными металлами.

как определить разворот тренда на рынке Форекс

А вот если бы цена уверенно пробила эти уровни один за другим — это свидетельство долгосрочного разворота. Откат (другие обозначения — коррекция или ретрейсмент) — это временное движение цены против общего тренда. Фактически, вся цена, любого актива в мире — это всегда история тренда и откатов. Тренды, надо сказать, не такой частый гость на валютном рынке.

Индикатор Разворота Тренда: Универсальность Против Стратегии

Понимание «немного», как у Элдера, в торговой системе MasterForex-V не существует. Игроки определяют двойную «голову» и двойное «дно» при помощи технических индикаторов. Они часто сопровождаются дивергенцией «быков» или «медведей». Покупка в двойном «дне» и продажа в двойной «голове» предлагают игроку одну из самых лучших возможностей». Если вы все еще удерживаете позицию, то поместите меры предосторожности ниже линии «горловины». V-образная вершина и основание (иногда ее еще называют «шип», от английского «spike»).

Инвестиции в валютный рынок не требуют глубоких математических знаний, но в аналитике трейдер должен разбираться. Одна из важнейших способностей — умение интерпретировать новости. Такие Форекс графики онлайн покажут трейдеру точку закрытия по любым временным интервалом — от минут до дней.

Подъем правого «плеча» обычно характеризуется малым объемом и показателями слабости рынка на технических индикаторах. Он дает последнюю реальную возможность выйти из восходящего тренда с прибылью. В правом «плече» технические индикаторы часто достигают больших https://boriscooper.org/ значений, чем в «голове», но они никогда не превышают максимальных значений, достигнутых в левом «плече». Если вы продаете в правом «плече», то поместите остановку на уровне вершины «головы». Сделайте этот заказ «остановкой с разворотом» (Stop-and-Reverse).

Анализ Состояния Рынка Форекс

Если же MACD пересекла сигнальную линию (9-дневная EMA MACD) сверху вниз, то это означает, что снизилось ускорение – скорость, с которой изменяются колебания цены. Иными словами, он лишь указывает на точки, где тренд меняется и, соответственно, может развернуться. На мой взгляд, главное заблуждение – само название, которое сразу создает путаницу.

Еще одно интересное свойство – определение возможного разворота тренда. Для этого потребуется сопоставить между собой график цены и осциллятор, соединив локальные экстремумы. Полученное расхождение между направлением движения цены и перемещениями индикатора – сигнал к развороту тренда. Торговля против тренда требует от трейдера максимум внимательности.

Три Основных Показателя Macd

Первичный, продолжительный тренд – основательный прогноз, позволяющий разбить работу на рынке на отдельные фазы. В момент становления лидирующие игроки валютного рынка проводят анализ и делают первые покупки активов. Цены начинают подниматься, ликвидность повышается. Этот момент является началом формирования трендовой линии. •Объем совершенных сделок – свидетельствует о привлекательности существующей в данный момент цены, при его уменьшении возрастает вероятность смены направления тенденции.

как определить разворот тренда на рынке Форекс

Перевернутая модель «голова и плечи» является зеркальным отражением показанной выше. Она указывает на смену медвежьего тренда на бычий. Здесь стоило бы подождать окончания коррекции и открыть сделку по старому направлению движения цены, чтобы заработать, скажем, сотню-две пунктов. Фигура разворота тренда означает, что валютная пара (или любой другой финансовый инструмент) уже находится на своем пике, за которым обязательно последует разворот. В дальнейшем цена будет двигаться в обратном направлении, в котором и следует совершать сделки.

Как видите, используя нехитрые приемы, мы можем наработать практические варианты решений для определения того, разворачивается ли цена или идет дальше по тренду. Поэтому нам нужно уметь определять продолжение тренда от его разворота. Для смещения одной полосе мы назначим значение 1 для параметра StdDev, а второй оставим базовое значение 2.

Adx Для Тренда

Когда мы открываем графики, то первое, что нужно понять — что с рынком. От ответа на этот критически важный вопрос зависит успешность вашей торговой системы. Ибо волшебной системы под все условия рынка мне что-то не попадалось. Чтобы знать, какой инструмент и как использовать нужно точно понимать, для какого состояния рынка он предназначен. Теперь наоборот, падающий клин в восходящем тренде. В нисходящем тренде падающий клин нередко выступает как разворотный сигнал.

Статься чудесным образом верна, но не дает абсолютно никакого представления о картине, которая творится на рынке. Чтобы топить за разворот, нужно подтверждение с нескольких таймфреймов,увы. В обсуждениях Вы найдете подробности об инвестициях в Форекс — доверительном управлении forex-активами и работе на Форекс бирже. Тем, кто ищет честный способ заработка и приумножения капитала, однозначно стоит попробовать трейдинг. Торговля финансовыми инструментами является рискованным занятием и может принести не только прибыль, но и убытки. Размер возможных потерь ограничен суммой остатка на торговом счете.

Как наиболее функциональный, и MACD, и RSI график валют Форекс онлайн демонстрируют силу тренда в реальном времени. Разворот тренда может оказаться небольшой коррекцией. Не умеете работать с краткосрочной внутридневной торговлей как определить разворот тренда на рынке Форекс – не рискуйте. Торговля против тренда – это риск, так как нельзя наобум открывать позицию против основного направления. Позиция быстро закроется в убыток по стопу, потому начинающим трейдерам она не рекомендуется.

Чтобы не пропустить возможные откаты и развороты, нужно не только все время находиться у компьютера, но и понимать рынок. Чтобы заработать на торговле против основного направления, нужно уметь чувствовать насыщенность рынка, понимать фундаментальные факторы, которые двигают его вверх или вниз. Есть советники, которые по паттернам могут определить характер направления рынка и открывают противоположную позицию в момент его насыщения продавцами или покупателями.

В разных источниках эту фигуру технического анализа трактуют как разворотную. В моей практике эта формация встречается чаще как фигура неопределенности. В новом тренде обязательно образуются коррекции, которые выглядят как фигуры продолжения курса. Тренд поможет пользователю схематически определить историю варьирования стоимости актива на обозначенном отрезке времени.

Как Определить Разворот

Данная фигура требует необыкновенной внимательности и аккуратности. Суть заключается в том, что двойное дно может являться фрагментом иного, весьма сложного паттерна. К примеру, в качестве него может выступать прямоугольник, будучи моделью продолжения тренда, либо 3-ным дном. Это прекрасный тест для тех, кто изучает технический анализ. Пока трейдер не научится находить ошибки на рисунке Э. Наймана, где изображена фигура «голова и плечи», он будет путать ИСТИННЫЙ разворот с обычной КОРРЕКЦИЕЙ.

Fair Value Allocation

You also need to use your own blank Word document to complete and submit required 2 of this assignment. Save it as Week 1 Your first name, Your last name as well. (You can use the same name because the first file is an Excel and the second file is a Word). Do include a cover sheet and must use double line (to make it easier to read).

 

NEVER use pdf file to save and submit any assignment to me because I will not be able to make comments, save and return it back to you. In this case you will NOT earn any credit.

 

There is at least a 10% points deduction for failing to follow this instruction.

 

Summary:

  1. Submit one Word file which you will have to create on your own.

 

—————————————-

 

Arizona Corp. had the following account balances at 12/1/19: 

  • Receivables: $96,000; Inventory: $240,000; Land: $720,000; Building: $600,000; Liabilities: $480,000; Common stock: $120,000; Additional paid-in capital: $120,000; Retained earnings, 12/1/19: $840,000; Revenues: $360,000; and Expenses: $264,000.

 

Several of Arizona’s accounts have fair values that differ from book value. The fair values are:

  • Land — $480,000; Building — $720,000; Inventory — $336,000; and Liabilities — $396,000.

 

Inglewood Inc. acquired all of the outstanding common shares of Arizona by issuing 20,000 shares of common stock having a $6 par value, but a $66 fair value. Stock issuance costs amounted to $12,000.

 

 

Imagine you are the decision maker at Inglewood Inc.

 

Prepare a fair value allocation and goodwill schedule at the date of the acquisition. 

 

Determine in 525- words whether you would encourage acquiring Arizona Corp? Be sure to include your rationale.

 

Fair Value Allocation

*Summary/Required #1 is finished & attatched*

Do include a cover sheet and must use double line (to make it easier to read).

Summary:

——————————

Arizona Corp. had the following account balances at 12/1/19: 

Several of Arizona’s accounts have fair values that differ from book value. The fair values are:

Inglewood Inc. acquired all of the outstanding common shares of Arizona by issuing 20,000 shares of common stock having a $6 par value, but a $66 fair value. Stock issuance costs amounted to $12,000.

 

Imagine you are the decision maker at Inglewood Inc.

Prepare a fair value allocation and goodwill schedule at the date of the acquisition.    *Finish & attached*

Determine in 525- words whether you would encourage acquiring Arizona Corp? Be sure to include your rationale.

impact Artificial Intelligence

MGMT 4102 OB – Individual Written Research Paper Instructions and Topic

Each student will individually research and write a research paper no less than 10 pages but longer if necessary.

The topic is the impact AI (Artificial Intelligence) will have on your area of study, i.e. your academic major.

If your major is Accounting, your paper will be on ‘AI Impact on Accounting.’

If your major is General Business, your paper will be on ‘AI Impact on US Businesses.’

If not a Business Major or undeclared, your paper will be on ‘AI Impact on US Businesses.’

The research paper will include a title page/cover sheet, table of contents/outline, main body section, bibliography, and an appendix section if needed.

The 10 pages DO NOT include the title page/cover sheet, table of contents/outline, bibliography, and appendix. Put images, graphs, pictures in appendix section.

The paper and any additional files must be in MS Office Software format, i.e., Word, double spaced, one inch margins on all four sides, font and size are Arial 12, and use APA Style.

A zero grade will be given for any work not submitted in MS Office Software format or if the wrong file is submitted.

Grammar Errors. One or more points for each grammatical error will be taken off any course work, i.e. research papers, PPT Presentations, short written assignments, postings in D2L Discussions, TEAMS, business plans, etc.

Use the following structure for your research paper:

Part I    –  Introduction and Outline, on first page, state topic/title, student name, course name and section number. Put outline on second page. Outline must be detailed phrases or sentences, not single words. (5% of grade)

Part II – Definition, Brief History, Current Situation, Possible Future Growth/Decline. (25%)

Part III  –  Specific impacts as either threat (negative impact) or opportunity (positive impact), or both, on your area of study, major, i.e., Accounting, Finance, etc. (25% of grade)

Part IV  –  Strategies (plans of action) state what a professional/leader in your area should do to offset threats and/or take advantage of opportunities. These specific strategies should be both short term (1-3 years) and long term (greater than 3 years). (25% of grade)

Part V  –  Reflection Section – This is one of the most important sections. Each student must write a small section (4-5 paragraphs) with three parts, at the end of the paper.

The three parts are:

  1. what you learned about topic from doing the project, i.e., what you found new and/or interesting,
  2. what you learned about the process (doing) the project, and
  3. how you can use the information learned in 1 and 2 to enhance your professional and personal life. (15% of grade)

Do not just put in facts you learned about the topic, but how knowing these facts will make you a better professional and/or better person. This section is at the end of paper but before the Bibliography section.

Part VI  –  Bibliography.  See following for information on the bibliography. (5% of grade)

–   Place the bibliography at the end of the paper and use APA Style.

–   The bibliography must have at least 25 sources, with only 5 being direct internet sites, as most internet sites are not very credible sources. Most internet sites are biased as the sites are made by private businesses, governments, or organizations which favor a certain view.

–   DO NOT use any encyclopedia, i.e., Wikipedia, or basic dictionaries for your sources.

–   Use academic articles from academic journals (best), professional/business and public magazines/newspapers, books, interviews, government sources, and internet sites.

–   Use current sources (less than 10 years old), unless a classic source, i.e., Drucker.

–   If you cannot physically go to a library, use the online CSU Library access to articles, books, etc. and through the GIL Member Libraries, nearly 30 Georgia University Libraries.

–   Using a library through the internet does not count as an internet source, as the online library is a data base. It is a road to take you to other sources, i.e., books, journal articles, etc.

–   If you use information in an internet site, it counts as a direct internet site, 1 of only 5 allowed.

–   If you use information from an article, magazine, or book listed/contained on an internet site, it counts as an article, magazine, or book source.

Due Date and File Submission

–  See syllabus for due date and time.

–  Title your file:  Semester – Section Number – Title – your last name, your first name.

Example:  2021FA – Sec 90 – AI Impact on Accounting – Smith, Judy.

Large Files

–   If file is too big for ‘BRIGHTSPACE (D2L/DESIRE 2 LEARN) Assignments’ folder, email through CSU General Email or CSU OneDrive, before the due date. If using CSU OneDrive, give Dr. Garsombke permission. Contact HUB for help with CSU OneDrive.

–   Most internet servers are extremely slow in uploading files. Plan for 2-3 hours for large file.

–   Student Requests for Extensions of Due Date for any Semester Long Assignments: For any course work that is a semester long project, i.e., Individual Research Papers, Group Research Projects, etc., (following CSU Academic Policies) extensions of due dates cannot be granted unless the student can provide official written documentation that the reason, (i.e., medical) which prevented them from completing the work was for the entire semester.

–   Grading done during the following 2-3 weeks. After grading completed, final course grades available on date in CSU Academic Calendar.

These guidelines were prepa­r­ed by Dr. Thomas Garsombke, 2021. All Rights Res­er­v­ed. No pa­rt of this wr­­­i­­t­i­ng may be re­pr­o­duced, stored in a retrieval system, or trans­m­i­t­t­ed, in any form or by any me­a­ns, ele­c­tronic, mec­hanical, photocopy­ing, reco­r­ding, or ot­h­erwi­se, wit­h­out prior written perm­is­s­ion of the author.

 

Employment Law

Employment Law

Article Writing Pages/Words: 6 pages / 1650 words (Double spacing) Assignment Topic: Employment law Citation Style: MLA Sources: 1 source required (Uploaded) Reaction Paper Assignment #8, Employment Law: The Basics (with Thomas J. Freeman, Lora J. Koretz, Anthony L. McMullen, H. Justin Pace, Lester C. Reams & David. D. Schein), at http://ssrn.com/abstract=3765016

Reaction Paper Assignment, It’s 3 sheets of paper (front & back); double spaced; in Microsoft Word; 12 pt. font; no title page or footnotes required. Please show me you actually read assignment (for example; “on page 12 the author says “xxxxxxx” at least say 10 pages. Then tell me why important or no.

impact of COVID

impact of COVID

Students can study impact of COVID on any topics based on the details given int he assignment, you can expand this student for e.g., behaviour of kids and its marketing implications work from home culture and its impact on the fashion industry marketing implications. These are suggestions only and you can expand this study the way you like, please see the details as provided in the above-linked assignment file. Marking Rubric The following factors will be considered for marking the presentation. The detailed rubric will be posted soon. Presentation Style (30%) Presentation with video recording Professional presentation Clear audio and video Screen/Paper Reading Reading only bullet points Engaging talk with audience Flow of presentation Considered the IMC Plan format flow Mechanics (20%) Structured, in flow, grammar and spellings, punctuation and context. Concise and creative ideas. Properly referenced as per APA guidelines. Content (50%) Identification of the key issues and/or problems in the case. Review of relevant literature. Analysis of the key issues and discussion on alternative solutions and/or options. Strategies and Recommendations Winding up/ Concluding remarks talking about challenges and measurement plan in brief.

leadership/communication style

reflective paper recognizing how your own leadership/communication style

Instruction

Content: Write a reflective paper recognizing how your own leadership/communication style preferences have been informed through our own journey (personal, academic, professional) with the following sections covered: Introduction: Identify your personal style based on the styles outlined in the text or other academic resources. Background of this style: Strengths and Weaknesses of this style (in theory) Self-Analysis (in practice): Pay particular attention to how your own personality and leadership preferences may create problematic blind spots in your leadership. How can you minimize these personal blind spots? Conclusion: Format: This paper is for a “popular press” audience, but appropriate APA style is still required for format and citations. The paper must be approximately 8-10 pages, double spaced (not counting title page, or reference sections). Assignment Video: https://www.youtube.com/watch?v=87okLGQYXG0&t=51s BOOK: https://studydaddy.com/attachment/146554/Peter_G._Northouse_Leadership__Theory_and_Practiz-lib.org.pdf

Measuring value for money

Jesdeep Bassi, Francis Lau, Measuring value for money

Instruction

Study Group #3 Discussion Learning Objectives: Students will lead discussions and provide insight on journal articles and/or HIMSS webinars or videos on current and relevant topics in the industry. Assignments: Read: Jesdeep Bassi, Francis Lau, Measuring value for money: a scoping review on economic evaluation of health information systems, Journal of the American Medical Informatics Association, Volume 20, Issue 4, July 2013, Pages 792–801, https://doi.org/10.1136/amiajnl-2012-001422 Measuring value for money a scoping review on economic evaluation of health information systems.pdf Watch: HIMSSCAST: What the future holds for telehealth reimbursement https://himsstv.brightcovegallery.com/detail/video/6270362042001/himsscast:-what-the-future-holds-for-telehealth-reimbursement?autoStart=true&q=financing Complete and Upload into Discussion Forum: 2 page executive summary, group discussion question, list of website resources.

Measuring value for money

Measuring value for money: a scoping review on economic evaluation of health information systems Jesdeep Bassi, Francis Lau ▸ Additional material is published online only. To view please visit the journal online (http://dx.doi.org/10.1136/ amiajnl-2012-001422). School of Health Information Science, University of Victoria, Victoria, British Columbia, Canada Correspondence to Jesdeep Bassi, School of Health Information Science, University of Victoria, PO Box 3050 STN CSC, Victoria, BC, Canada V8W 3P5; jbassi@uvic.ca Received 16 October 2012 Revised 21 January 2013 Accepted 26 January 2013 Published Online First 15 February 2013 To cite: Bassi J, Lau F. J Am Med Inform Assoc 2013;20:792–801. ABSTRACT Objective To explore how key components of economic evaluations have been included in evaluations of health information systems (HIS), to determine the state of knowledge on value for money for HIS, and provide guidance for future evaluations. Materials and methods We searched databases, previously collected papers, and references for relevant papers published from January 2000 to June 2012. For selection, papers had to: be a primary study; involve a computerized system for health information processing, decision support, or management reporting; and include an economic evaluation. Data on study design and economic evaluation methods were extracted and analyzed. Results Forty-two papers were selected and 33 were deemed high quality (scores ≥8/10) for further analysis. These included 12 economic analyses, five input cost analyses, and 16 cost-related outcome analyses. For HIS types, there were seven primary care electronic medical records, six computerized provider order entry systems, five medication management systems, five immunization information systems, four institutional information systems, three disease management systems, two clinical documentation systems, and one health information exchange network. In terms of value for money, 23 papers reported positive findings, eight were inconclusive, and two were negative. Conclusions We found a wide range of economic evaluation papers that were based on different assumptions, methods, and metrics. There is some evidence of value for money in selected healthcare organizations and HIS types. However, caution is needed when generalizing these findings. Better reporting of economic evaluation studies is needed to compare findings and build on the existing evidence base we identified. INTRODUCTION Increasingly, health information systems (HIS) are being adopted across healthcare settings. However, they require significant upfront and ongoing investments. With many healthcare organizations experiencing financial pressures, justification for HIS adoption is becoming a necessity.1 This presents two challenges. First, the system has to provide demonstrated value to the organization, but the concept of ‘value’ is somewhat elusive when it comes to HIS. A recent report by researchers on primary healthcare electronic medical records (EMR) found that the chief gap in knowledge and research in Canada pertains to the value of EMR.2 The second challenge is that value needs to be considered in relation to investment in the system to determine if it is worth the cost. The 2010 overview of federal and provincial audit reports on electronic health records (EHR) in Canada states the need for information to determine the value for investments made so far.3 In looking specifically at information technology (IT)-enabled diabetes management, Adler-Milstein et al4 cited a lack of published literature on costs and benefits. Further, a systematic review on health IT by Chaudhry et al5 found limited data on costs and little information available for stakeholders to judge the financial effects of adoption. Goldzweig et al6 echoed similar findings in their review. They attributed this in part to the difficulty of conducting the analyses. Given this gap in evidence for evaluating the costs and value of HIS, we conducted a scoping review to identify and examine studies that have included an economic aspect to HIS evaluation. A scoping review follows a similar methodology as a systematic review but differs in that it seeks to determine what literature exists on a topic and to identify gaps rather than synthesizing the evidence to answer a specific clinical question. This review offers three contributions by addressing the following questions: 1. What are the key components of an economic analysis and how have they been included and reported in past HIS economic evaluation studies? 2. What is the current state of knowledge on value for money in HIS economic evaluation studies? 3. What guidance for conducting economic evaluations can be provided from high quality HIS economic evaluation studies identified through this review? METHODS Search strategy We searched English language papers indexed in MEDLINE and Business Source Premier for relevant papers published between January 2000 and June 2012. The search strategy used a combination of text words in the title and abstract, Medical Subject Headings (MeSH), and subheadings/qualifiers. A broad set of search terms were used to maximize sensitivity. (The complete queries are available in online supplementary appendix 1.) We also hand-searched previously collected papers kept by the review team and performed reference mining for additional papers. Selection Three inclusion criteria were used for selection: the paper had to (1) be a primary study; (2) involve a computerized system for health information Open Access Scan to access more free content 792 Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 management, decision support, or management reporting; and (3) include an economic evaluation. Consistent with our research mandate to focus on HIS for providers, we excluded systems that were: (1) telemedicine/telehealth applications; (2) digital devices and specialized systems (eg, imaging); (3) used by patients; and (4) used for education. For studies that were described by more than one publication with the same data, only the most recent publication was included. One reviewer screened all titles and abstracts of references captured by the search strategy. The final selection of studies was carried out through review of full text and consensus. Quality assessment The methodological quality of included papers considered both the overall study quality and items relevant to economic evaluations. We developed 10 quality criteria based on a comparison of quality checklist items from four sources on economic research.7–10 The quality assessment criteria and process details are available in online supplementary appendix 2. At the end of the process, a single overall quality score from 0 to 10 was assigned to each paper. We identified higher quality papers as those with scores between 8 and 10. Data extraction The general characteristics of each paper including publication year, country, setting, sample, and data sources were extracted. We also created a categorization of HIS types based on two sources5 11 (see online supplementary appendix 3). Systems were categorized based on descriptions provided in the papers and the categories were modified as needed. For systems assigned to multiple categories, we analyzed the paper under a main category based on the key functionalities being examined. All papers considered had to contain some form of an economic evaluation. We also included three refined classifications based on the economic literature: economic analysis, input cost analysis, and cost-related outcome analysis. An economic analysis includes a comparison between costs and outcomes and can be a cost-minimization analysis, cost-consequence analysis (CCA), cost-effectiveness analysis, cost-utility analysis, or costbenefit analysis. Six key components should be present in an economic analysis: perspective (eg, societal, organizational, or individual), a specified time frame, at least two alternative options for comparison, costs, outcomes, and an analysis which compares costs and outcomes for each option. Input cost analyses and cost-related outcome analyses are one-sided evaluations where only costs or cost-related outcomes are evaluated. Figure 1 provides a summary of the economic evaluation classifications. More detailed descriptions are available in online supplementary appendix 4. Synthesis After classifying the papers into the type of economic evaluation, our synthesis focused on how each evaluation component has been described in the papers and summarizing findings by HIS type. To ensure the quality of our findings, only those papers with quality scores of 8–10 were included in the synthesis. For these papers, we further investigated: cost and outcome metrics included, analytical methods used, and ways to summarize study results. Cost and outcome metrics In this review we only extracted tangible cost and outcome metrics from high quality papers. For papers that performed an economic analysis, we extracted all outcomes because they were analyzed in comparison to costs. For papers that reported only outcomes or outcomes separate from input costs, we extracted only those that were associated with a monetary value, for example, dollar savings. Arlotto and Oakes12 created three major cost categories: direct costs (one time), direct costs (ongoing), and indirect costs (ongoing). One time direct costs are associated with acquiring and implementing the system, whereas ongoing direct costs reflect costs associated with ongoing operation of the system. Ongoing indirect costs are other costs incurred in supporting operation, such as security and policy management. We used Arlotto and Oakes’ items as the basis of our mapping and organization of cost and outcome metrics, modifying the original list where needed. This extraction and mapping identified which cost and outcome metrics have been incorporated the most into economic evaluations of HIS and which items have been included least. Figure 1 Economic evaluation classification. All economic analyses are conducted over a time frame, optional for input cost analysis and cost-related outcome analysis. ‘Option’ indicates that comparison options may not be present in the analysis. Source: eHealth Observatory (http:// ehealth.uvic.ca/methodology/models/EEFramework.php). CBA, cost-benefit analysis; CCA, cost-consequence analysis; CEA, cost-effectiveness analysis; CMA, cost-minimization analysis; CUA, cost-utility analysis. Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 793 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 Analytical methods To better understand how the economic analysis was carried out, we examined each paper to identify the analytical methods used including their sources of cost and outcome data. The analysis could be based on accounting, statistical, or econometric methods using historical records, subjective estimates, or mathematical projections.8 13 If more detailed methods were mentioned in the papers, we included the names of the analytical techniques used, such as break-even point analysis and Monte Carlo simulation modeling. To deal with data and methodological uncertainties, papers could include further analysis, such as one-way sensitivity analysis.8 Summarizing study results We applied a simple vote counting method to summarize the cumulative effect of the study results reported in the individual papers. This method is similar to ones used in earlier HIS systematic reviews by Garg et al, 14 Balas et al, 15 and Lau et al. 16 First we reviewed each paper to determine if it had a positive, negative, or inconclusive effect over the time period studied. We relied on the authors’ original conclusions and did not attempt to re-interpret them in our review. Next, we summarized the effects by the main HIS type listed in the original papers. We speculated that practitioners responsible for HIS economic evaluation would often focus on a specific type of information system, such as computerized provider order entry (CPOE). Through reporting the summarized effects by HIS type, we could comment on whether a given HIS type has led to any overall economic value across a similar set of studies. RESULTS Synopsis of selected papers The search yielded a total of 5348 potential papers for consideration, of which 42 were selected for the review (figure 2). Online supplementary appendix 5 shows the general characteristics of the 42 papers.4 17–57 Twelve papers focused on costs and impacts, that is, costs and benefits or costeffectiveness.22 23 30 32 33 38 39 41 42 47 51 55 Twelve papers were on system costs,4 17–19 26 27 34 37 40 45 53 56 while 12 others examined the impact of systems on costs.20 24 25 29 31 35 36 44 48 50 52 57 Six papers looked at cost savings.21 28 45 46 49 54 In terms of setting, the majority were limited to a single practice or hospital. Seven were at an organization, such as a community health center, facility, or health department.22 27 39 43 44 45 48 One paper21 looked at an entire diabetic population in the USA. Five papers included multiple settings.30 34–36 51 Most papers had multiple data sources. The top source was some form of internal organizational data or records. Sometimes this had to be assumed when the source was not specified. Other data sources were databases, and published literature, studies, or reports. For example, Furukawa et al29 extracted their EMR implementation data from the HIMSS Analytics Database, and Mekhjian et al37 obtained pre- and post-implementation length of stay and cost data from a centralized information warehouse. Six papers mentioned expert opinion19 22 30 31 51 52 and eight used data generated from the system.25 34 45 47 48 52 54 57 The majority of papers scored >5/10 on quality assessment. Eleven papers achieved perfect overall scores.24 25 33– 36 41 43 47 52 53 A summary of quality assessment results is available in online supplementary appendix 2. As only papers with a quality score of 8/10 or higher were included in the subsequent analysis, the remainder of the results reported here only include these 33 papers. See online supplementary appendix 6 for an alphabetical reference list of these papers. Summary of evaluation components Using a checklist approach (see online supplementary appendix 7), we determined that 12 papers22 32–34 38 40–42 47 51 52 55 included all six components and therefore categorized them as economic analyses. Of these, six were cost-benefit analyses,22 32 38 40 51 52 two were cost-effectiveness analyses,33 55 two were costconsequence analyses,42 47 one was a cost-minimization analysis,34 and one was a cost-utility analysis.41 Sixteen papers addressed costrelated outcomes18 20 21 24 25 29 35–37 44–46 48 53 54 57 and five looked solely at input costs.4 17 26 27 43 Table 1 shows a summary of the first three components and how they were reported in the papers. Almost all economic evaluations in the papers were conducted from the organizational perspective. Where possible, we determined the time frame based on data collection but often had to rely on overall study time frames reported. Eighteen papers reported time frames of between 1 and 5 years.4 17 24–27 33–36 40 43 46–48 52 53 57 The clearest comparisons among alternatives or options were withwithout system or pre-post intervention. These were in 1618 22 24 25 33–36 41 43 44 46 48 52 53 55 and nine papers,26 37 38 40 42 45–47 57 respectively. Input costs We extracted 277 input cost metrics from 18 papers.4 17 22 26 27 31– 34 38 40–43 47 51 52 55 The majority came from input cost analyses and cost-benefit analyses. Table 2 summarizes the final metric categories and sub-categories, and the papers which contained these metrics. One time direct costs were frequently mentioned. A total of 59 metrics from 14 papers fell into the ‘application development and deployment’ category. These included costs for design and development, implementation, IT support, and clinical support. Other categories with many metrics were ‘hardware and peripherals,’ ‘network, peripherals, supplies, and equipment,’ and ‘packaged and customized software.’ From Arlotto and Oakes’ original list, we did not find any reported cost metrics which mapped to ‘transition costs,’ or ‘office accommodations, furniture, and related items.’ Figure 2 Paper selection flow. 794 Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 Fifteen papers analyzed ongoing direct costs.4 17 22 26 27 32– 34 38 40 42 43 51 52 55 The categories with the most metrics were ‘salaries for IT and assigned end-user staff’ and ‘software maintenance, subscriptions, and upgrades.’ We added categories for ‘maintenance’ and ‘hardware and equipment’ as these were in a few papers. Ongoing indirect costs appeared less frequently in the papers we reviewed. Of the original categories by Arlotto and Oakes, we had two metrics on ‘IT policy management,’ and ‘workload shift.’ We also found that most papers17 22 26 27 32– 34 38 40 42 43 47 51 52 joined all direct and indirect costs together or included other cost items, so we added categories for other, overall, and total costs. Outcomes We extracted 195 outcome metrics from 27 papers. Table 3 summarizes the final metric categories and sub-categories, and the papers which contained these metrics. The majority of the metrics came from papers classified as a cost-benefit analysis or cost-related outcome analysis. The category ‘resource utilization’ had the most metrics. The majority of these were for savings associated with laboratory tests or medications. Nine papers had outcomes on medication use and management.25 32 35 36 44–46 51 52 For example, several metrics were reported by McMullin et al36 on drug cost savings related to the use of an electronic prescribing system with integrated decision support. Metrics from this paper included ‘per member per month expenditure on new prescriptions and their refills,’ which was broken down into expected cost, actual cost, and savings. These were counted as separate metrics because they had distinct values. ‘Labor savings’ were frequently examined in the evaluations and we added a category for ‘healthcare service provision savings’ which included metrics on clinical outcomes. These metrics measured the impact from a clinical perspective. For example, four papers measured the impact on adverse drug events (ADE).22 32 52 55 Byrne et al22 looked at the value of the computerized patient record system in VistA by examining reduced costs for preventable ADEs caused by inpatient and outpatient medications. CCA and cost-benefit analysis papers included metrics for revenues. From the original subcategories by Arlotto and Oakes, we found metrics for ‘increases in cases/patient days/outpatient volumes’ but none for ‘reduction in days in accounts receivable’ or ‘reduction of administrative denials.’ As well, we mapped only one metric to ‘reduction in cost of ownership of existing technologies’ and ‘capital expense reduction.’ It appeared outcomes for these areas were not addressed in the papers we reviewed. Similar to the input cost metrics categorization, we added a total costs/savings category since many papers joined all outcomes into a general figure. Analytical methods Table 4 shows the analytical methods used, including their data sources. Cost accounting was the most common method used and included incremental cost-effectiveness ratios (ICER), return on investment, payback, net present value, net benefit, operating margin,22 32 33 38 40 42 47 51 52 55 least cost, average cost, and cost savings.4 17 18 21 25 34–37 44 46 48 53 54 Most papers used historical costs to estimate future outcomes for a specified time period.20 25 27 29 35–37 41 42 44–46 48 53 54 57 The methods of estimation included linear and logistic regression,24 25 45 46 53 scenarios,4 26 43 and a general/linear model.35 36 37 Many adjusted for inflation,4 17 18 22 27 33 41 42 51 52 discounting,17 32 33 40 41 43 52 55 and amortization/depreciation.33 34 40 51 Some papers used statistical methods to test for differences among groups that included the t test,29 37 47 53 57 χ2 test,57 and analysis of variance.37 46 Several papers used econometric or financial modeling methods based on panel regression,20 Table 1 Economic evaluation components: perspective, time frame, and comparison Input cost analysis Economic analysis CMA CCA CEA CUA CBA Cost-related outcome analysis Perspective Organization 4 1 2 2 1 6 13 Society 1 1 1 Individual 1 Payer 1 Time frame <6 months 1 6–11 months 1 3 1–5 years 5 1 1 1 2 8 6–10 years 1 1 3 3 >10 years 1 Several points 1 Alternatives for comparison With-without HIS 1 1 2 1 2 9 Pre-post implementation 1 2 2 4 Types of IT 1 2 Levels of IT 1 1 2 Different systems 1 Different points in time 1 Not reported 1 Counts represent the number of papers for each item. See online supplementary appendix 8 for this table with all paper references. CBA, cost-benefit analysis; CCA, cost-consequence analysis; CEA, cost-effectiveness analysis; CMA, cost-minimization analysis; CUA, cost-utility analysis; HIS, health information system; IT, information technology. Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 795 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 parametric cost analysis,27 41 stochastic frontier analysis,29 and simulation (eg, Markov or Monte Carlo).21 24 40 41 Findings by HIS type To make sense of the findings, we summarize the 33 high quality papers listed in online supplementary appendix 12 by the type of HIS, economic analysis, valuation of costs and outcomes, comparison methods, and key results. When grouped by HIS type there were seven papers on primary care EMR systems, six on CPOE systems, five on medication management systems, five on immunization information systems, four on institutional information systems, three on disease management systems, two on clinical documentation systems, and one on health information exchange (HIE) networks. Of these 33 papers, 23 (69.7%) reported positive economic results, eight (24.2%) were inconclusive (including one paper that only reported best case costs), and two (6.1%) were negative. The overall findings by HIS type are summarized below. Primary care EMR systems Of the seven papers reviewed, six were on pre/post or with/ without EMR implementation comparison26 38 47 42 52 53 and one looked at the impact of an EMR on combination drug cost savings.54 Five of the seven papers reported positive economic results over different time periods that ranged from 6 months to 8 years. For instance, Wang et al52 analyzed the financial benefits of implementing EMR systems in an ambulatory care clinic over a 5-year period and reported a net benefit of $86 400 per provider discounted at 5% in 2002 US dollars. For their ambulatory surgery clinic, Patil et al42 reported an average cost-saving of US Table 2 Economic evaluation components: input cost metrics Input cost metrics Input cost analysis Economic analysis Total CMA CCA CEA CUA CBA metrics Direct costs—one time 168 Hardware and peripherals (general hardware, specific types of hardware, infrastructure) 5 1 1 1 1 4 18 Network, peripherals, supplies, and equipment (telecommunications, supplies) 3 1 1 1 23 Packaged and customized software (software, software upgrade, software license) 3 1 1 1 6 13 Application development and deployment (design and development, implementation, IT support, clinical support) 5 2 1 1 5 59 Configuration management (interface, system) 2 1 5 Initial data collection and conversion or archival data (extraction, entry, transcription) 5 1 1 1 11 End-user project management 1 1 1 6 Initial user training 2 1 1 4 10 Workforce adjustment for affected employees 2 2 Project planning, contract negotiation, and procurement (vendor, personnel, approvals, feasibility) 1 11 1 7 Transition costs (costs of running parallel systems or conversion of legacy systems) 0 Facilities upgrades, including site preparation and renovation (capital, utilities) 2 1 1 5 Office accommodations, furniture, and related items 0 Quality assurance and post-implementation reviews 1 1 Other initial costs 1 1 1 3 Overall initial cost 1 25 Direct costs—ongoing 91 Software maintenance, subscriptions, and upgrades (data refresh, software upgrade, software fees, interfaces, other upgrades) 3 1 2 4 18 Maintenance (system maintenance, travel, administration) 2 1 1 2 7 Hardware and equipment (hardware replacement, equipment, and supplies) 3 4 9 Salaries for IT and assigned end-user staff (technical, administrative, clinical) 4 1 1 1 23 Ongoing training 2 1 1 1 6 Facilities rental and utilities 1 2 Professional services 1 1 1 3 Reviews and audits 1 1 Other ongoing (operating, other-not specified, reporting) 2 1 1 11 Overall ongoing (annual, total, per record/encounter) 2 1 4 11 Indirect costs—ongoing 2 Security 0 Privacy 0 IT policy management 1 1 Help desk 0 Workload shift 1 1 Total costs 2 2 1 1 16 Counts represent the number of papers including the metric (note: some papers had multiple metrics mapping to the same category). See online supplementary appendix 9 for this table with all paper references. CBA, cost-benefit analysis; CCA, cost-consequence analysis; CEA, cost-effectiveness analysis; CMA, cost-minimization analysis; CUA, cost-utility analysis; HIS, health information system; IT, information technology. 796 Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 $3.09 per encounter that translated to US$184 627 per provider over 4 years given a startup EMR cost of US$10 329 per provider. Computerized physician order entry systems Of the six papers reviewed, five were pre/post or with/without CPOE comparisons,37 40 45 55 57 and one was based on a single CPOE system over time.32 Three papers reported positive economic results, two were inconclusive, and one was negative. For instance, Wu et al55 found the ICER was US$12 700 per ADE adverted but the effect was dependent on ADE rate, physician and system cost, and the system’s ability to reduce ADEs. Ohsfeldt et al40 compared the impact of CPOE on existing information systems in 74 hospitals grouped as rural, ruralreferral, urban, and critical access hospitals with increasing levels of IT infrastructures. The authors found that after CPOE implementation operating margins over 2 years showed a decrease for all hospital types but a deficit for rural and critical access hospitals. They concluded that CPOE cost was likely not financially feasible for small hospitals. Medication management systems Of the five papers reviewed, all were on pre/post or with/ without implementation comparison of electronic prescribing and alert systems.25 35 36 44 46 All five papers reported positive economic results over time periods that ranged from 3 months to 2 years. For instance, Fischer et al25 examined 17.4 million Table 3 Economic evaluation components: outcome metrics Outcome metrics Economic analysis Cost-related outcome analysis Total CMA CCA CEA CUA CBA metrics Tangible 195 Revenues 11 13 Increase in cases/patient days/outpatient volumes 1 1 2 Increase in reimbursement rates through contractual changes 1 1 Reduction in days in accounts receivable 0 Reduction of administrative denials 0 Billings 2 3 Payer mix 1 4 Labor savings (reduction of FTEs) or productivity improvements 34 Documentation savings 11 2 Data entry savings 1 2 4 Report generation savings 1 2 Time savings 1 1 10 Chart retrieval/return 2 1 6 Staffing costs/savings 1 1 1 4 Efficiency savings 12 Provider 2 4 Cost inefficiency 1 1 Transaction 3 6 Communication 1 1 Supply savings 2 1 4 Resource utilization 91 Laboratory 1 4 1 31 Radiology 4 1 7 Medications 3 7 43 Procedures 2 10 Reduction in cost of ownership of existing technologies 1 1 Capital expense reduction relating to facilities, medical equipment, or elimination of other technologies 1 1 Healthcare service provision savings 1 24 Clinical outcomes 1 23 Patient safety events 1 3 ADEs avoided 1 3 9 Disease prevention/management 1 2 7 Total costs/savings 3 5 25 Annual 3 7 Net benefit 2 4 ICER 1 1 3 Other 1 2 Counts represent the number of papers including the metric (note: some papers had multiple metrics mapping to the same category). See online supplementary appendix 10 for this table with all paper references. ADE, adverse drug event; CBA, cost-benefit analysis; CCA, cost-consequence analysis; CEA, cost-effectiveness analysis; CMA, cost-minimization analysis; CUA, cost-utility analysis; FTE, full-time equivalent; ICER, incremental cost-effectiveness ratio. Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 797 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 prescriptions filled in one state over an 18-month period for differences in generic versus brand name prescriptions before and after the implementation of e-prescribing with formulary decision support. They estimated a 3.3% increase in the use of lower cost medications, which translated to potential annual savings of $845 000 per 100 000 patients. Immunization information systems Of the five papers reviewed, two compared paper systems with immunization information systems,18 34 two compared different immunization system applications,17 27 and one compared electronic with hybrid systems.43 Three papers reported positive economic results, with the other two being inconclusive. All five papers emphasized that the value of their systems was dependent on provider participation rates and the success of large scale system rollout. For example, Bartlett et al17 used 5 years of historical records from 24 state/city level health departments and practices to estimate the average cost per patient to achieve the immunization goal of 95% participation in 8 years. They found the cost varied from US$0.09 to US$10.30 depending on the extent of provider participation and the number of patient records present. Institutional information systems All four papers reviewed were focused on the value of major clinical information system components such as laboratory, radiology, and pharmacy CPOE with or without decision support, medication administration record (MAR), and clinical/nursing documentation. Of these four papers, three reported positive economic results and one negative. The negative paper is by Furukawa et al29 and compared three stages of EHR implementation with increasing levels of sophistication in the medical/surgical units of 326 hospitals over a 10-year period. Hospitals with a clinical data repository and all three systems (laboratory, radiology, and pharmacy) were defined as stage 1; those with MAR and nursing documentation systems were stage 2; and those that included CPOE and clinical decision support (CDS) were stage 3. By comparing the mean inefficiency ratios of hospitals at the three stages, the authors concluded stages 1 and 2, nursing documentation, MAR, and CDS were associated with significantly higher inefficiency in costs. Disease management systems The three papers in this category4 21 41 were on diabetes management regarding which they reported positive economic results. O’Reilly et al41 reported a reduced relative risk of complication, a better ICER, and an improved quality-adjusted life year based on 1 year of CDS supported treatments. Adler-Milstein et al4 found diabetes registries to be the least expensive of the five management approaches examined for small and medium size practices, whereas EHR with CDS added were most economical for large practices. Bu et al21 compared 5 types of diabetes management systems in terms of their deployment level from 20% to 100% over a 10-year period. All forms of IT enabled disease management were expected to improve the health of patients with diabetes and reduce costs. Clinical documentation systems The two papers reviewed33 48 reported inconclusive economic results. For example, Kopach et al33 compared traditional versus automated discharge note documentation systems in an academic hospital. The outcome was estimated mean delay in documentation time for discharge note completion adjusted for discharge volume increase and note volume decrease over 4 years. They found an ICER of C$0.331 per day that was Table 4 Economic evaluation components: analytical methods Analytical methods Input cost analysis Economic analysis CMA CCA CEA CUA CBA Cost-related outcome analysis Data sources Historical/published costs used in comparison 1 1 1 13 Historical/estimated costs for pre/post comparison 1 1 2 Historical/estimated costs used to project costs/benefits 3 1 2 4 3 Accounting Adjusted for inflation, discounting, cost amortization/depreciation 4 1 1 2 1 4 2 Included sensitivity analysis, scenarios 3 1 2 1 4 Used ICER, ROI, payback, NPV, net benefit, operating margin 2 2 1 6 Used least cost, average cost, savings 4 1 14 Used QALY ratios 1 Statistics Regression, logistic regression 5 General linear/mixed model 3 Group differences, eg, χ2 , t test, ANOVA, proportions 1 10 Econometric/operations research Panel regression, fixed effect 1 Parametric cost analysis 1 1 Stochastic frontier analysis, including alternatives for checks 1 Simulation with Markov, Monte Carlo models 1 1 2 Used mean inefficiency score, regression coefficient 2 Counts represent the number of papers including each method. See online supplementary appendix 11 for this table with all paper references. Descriptions of analytical methods are included in online supplementary appendix 4. ANOVA, analysis of variance; CBA, cost-benefit analysis; CCA, cost-consequence analysis; CEA, cost-effectiveness analysis; CMA, cost-minimization analysis; CUA, cost-utility analysis; ICER, incremental cost-effectiveness ratio; NPV, net present value; QALY, quality-adjusted life year; ROI, return on investment. 798 Bassi J, et al. J Am Med Inform Assoc 2013;20:792–801. doi:10.1136/amiajnl-2012-001422 Review Downloaded from https://academic.oup.com/jamia/article/20/4/792/2909351 by guest on 14 October 2021 deemed expensive but cost-effective, and was dependent on physician utilization volume and length of stay. Health information exchange Walker et al51 examined three scenarios with four levels of HIE rollout in the USA over a 10-year period: level 1 did not use IT to share information; level 2 used transmission of nonstandardized data that cannot be electronically manipulated; level 3 used transmission of structured messages containing nonstandardized data; and level 4 used transmission of structured messages with standardized and coded data. The authors reported positive cost–benefit ratios that ranged from US$21.6 billion at level 2 to US$77.8 billion at level 4 adoption with reduced duplicates and improved utilization in laboratory and radiology tests. DISCUSSION Components of economic evaluation All 42 papers studied in this review included some type of economic evaluation but we only examined the 33 highest quality papers for our analyses of the original results. We divided the papers into input cost analysis, economic analysis, and cost-related outcome analysis studies. O’Reilly et al58 used a similar approach in their review to split economic evaluations into full and partial evaluations. In our review, we found 12 economic analyses, most of which were cost-benefit analyses. The other types of economic analyses were rarely seen. The 16 cost-related outcomes analysis papers focused mostly on cost savings or cost changes after implementation. However, without knowing the initial costs of implementing the system, it is difficult to determine whether the savings are worth the investment. Bu et al21 noted that ‘high-benefit approaches may or may not be associated with high costs of implementation.’ Still, these evaluations provide useful data to aid in the justification for a new system because they demonstrate value. Five papers looked only at input costs. Again, solely examining the cost of a system does not provide enough information to make a decision. One alternative may cost less but may also produce fewer benefits than a more expensive choice.4 Rantz et al48 found that cost increases (outcome) were likely due to the cost of the technology, maintaining and supporting the technology, and on-going staff training. Therefore, evaluations focusing on cost provide important insight into where costs may be incurred for system implementation. Current knowledge on value for money of HIS In this review, 23/33 or 69.7% of the papers reported positive findings demonstrating value for money but in specific healthcare settings with specific HIS types. For instance, 13/15 or 86.7% of papers on primary care EMR, medication management, and disease management systems had positive findings. CPOE, immunization, and documentation had mixed findings in more than one paper. The paper on HIE was positive but it assumed a national rollout over a 10-year period which may be difficult to achieve given the complex nature of the system involved. Our findings are similar to those of O’Reilly et al58 which showed positive results with primary care EMR and prescribing systems, and variable effects with CPOE and decision support systems. Other reviews have also shown positive results in specific aspects of medication management59–64 and chronic disease management such as preventive care and reminders.15 65–67 Based on these findings, we speculate that currently there is some evidence that HIS can improve care in areas such as primary care, medication management, and disease management, but they can be expensive to implement and maintain over time and require a great deal of effort to ensure the adoption is done ‘properly’ to reap the benefits.16 As the HIS become more complicated as in CPOE and clinical documentation and immunization systems where there are multiple objectives, target audiences, and performance variations, there may be diminishing returns in having to manage the increased complexities, needed coordination, and stakeholder expectations. In these instances there is still need for more research to determine how best to design and implement these systems in ways that can help, not hinder, the clinical work. Overall, we should point out that, while these findings will become outdated as more papers are published, one can repeat our review methods for new studies to update the findings. Also we believe the analytical methods and metrics reported in this review already cover the breadth of approaches likely to be expected in future studies. Guidance for future economic evaluations This review provides a glimpse of what has been published on HIS economic evaluation to date in terms of the types of economic analysis carried out, the HIS areas covered, and making sense of the findings. From this review it is clear that a high quality economic evaluation should be explicit with its six key components: having a perspective, options for comparison, time frame, costs, outcomes, and comparison of costs and outcomes for each option. The 33 high quality papers included in this review can serve as a reference source for those planning to conduct HIS economic evaluation studies. In particular, the methodological aspects listed in tables 1–4 and the evaluation results by HIS type listed in online supplementary appendix 12 can be used to build on what has already been done to expand the evidence base. Lastly, the inclusion of the six key components and checking against the 10 quality assessment criteria used in this review can improve consistency in the design, reporting, and comparison of HIS economic evaluation studies. Limitations and caveats There are several limitations to this review. First, our search and data extraction were done by one reviewer so there could have been selection bias. Second, our review only looked at tangible costs and outcomes in the papers and the level of detail reported varied widely. Third, our categorizations for economic evaluation and HIS types were done through consensus but alternative classifications exist. Fourth, the organizations and systems in the papers were vastly different even when the same type of system was described. Caution is needed in applying the results to a specific setting and system. Finally, the larger number of positive studies in our review could be due to publication bias, where papers with positive findings were more likely to be published. We are grateful for the extensive feedback received on this manuscript from the journal reviewers. While appreciating the encyclopedic nature of our content, they offered several important caveats for readers. First, the inclusion of papers with estimated costs such as those based on expert opinions rather than actual costs could be called into question. Second, papers based on avoidance costs are less convincing than those with tangible, measurable outputs. Third, papers that rely entirely on modeling and projections are hypothetical in nature and may generate unrealistic expectations. Rather than simply removing these papers from the review, we decided to leave them in the finaal

terminating the employer-employee relationship Article Critique

 

terminating the employer-employee relationship Article Critique

Instruction

For this assignment, you will search the CSU Online Library for an article that addresses how terminating the employer-employee relationship can be one of the riskiest tasks for an employer. It should discuss the many possible impacts of the termination as well as numerous potential legal hurdles. After choosing your article, briefly summarize the purpose for the article and answer the following questions: What is the authors’ main point, and what evidence is used to support it? How does the termination of the employer-employee relationship create risk and legal issues? How do exceptions to the employment at-will doctrine factor into termination decisions? Begin with an introduction that defines the subject of your critique and your point of view. Identify if your point of view conflicts or agrees with the ideas and point of view of the article’s author. You should then defend your point of view by raising specific issues or aspects of the argument. Offer your own opinion. Explain what you think about the argument. Describe several points from the article with which you agree or disagree. What evidence from the article, your textbook, or additional sources supports your opinion? Conclude your critique by summarizing your argument and re-emphasizing your opinion. Your critique should be a minimum of two pages, not including the title and reference pages. You must use a minimum of three sources, one of which may be your textbook. Adhere to APA Style when constructing this assignment, including in-text citations and references for all sources that are used. Please note that no abstract is needed.

Organizational Power and Empowerment Power, politics, and leadership

Organizational Power and Empowerment Power, politics, and leadership

Instruction
Part1. Organizational Power and Empowerment Power, politics, and leadership are all important components of organizational power and empowerment. In your discussion post, respond to the following: Review the types of power and the strategies aimed at gaining power in the textbook. Explain how essential gaining political power is as a leader. Which strategy for gaining power are you most likely to employ? Which are you least likely to use? Explain your answer. Based on the techniques in the reading, give two examples of what you can do to develop your power in an ethical way. From the information on empowering practices in the textbook, describe which leadership empowering practices you currently use at work (or would use), and which you want to use more often with your work colleagues. DuBrin, A. J. (2018). Leadership: Research Findings, Practice, and Skills (9th Edition). Cengage Learning US.

Part2.Documentation and Accounting Keeping good financial records

Instruction
Part2 Documentation and Accounting Keeping good financial records is vital for a variety of reasons. Not only does it help to organize and maintain financial information, but in many cases you are legally required to keep certain records; thus, management will most likely also need this information. Your financial records will also provide you with vital information to help you manage your finances, and finally, certain records may be required of you when applying for funding through grants or other funding opportunities. Please respond to the following: What are some of the important financial documents you must maintain? Explain how you will store/maintain these documents. Explain how these will be useful to you and under what circumstances you will be using them. What is the difference between cash- and accrual-based systems of accounting? What are the benefits of each? Part3 The Child and Adult Care Food Program (CACFP) is a federal program that provides grant funding and reimbursements for nutritious meals and snacks to eligible children who are enrolled for care at participating child care centers and daycare homes. CACFP also provides funding for meals served to young children participating in afterschool care programs. Reflect back on Unit 1 and the hypothetical (or actual) early childhood organization/program that you envision yourself leading. Then, explore the CACFP grant funding prospect. Please respond to the following: Discuss two ways that you can cultivate a relationship with CACFP to enhance a commitment with your organization. Briefly describe a proposed CACFP grant funding request for the provision of nutritious snacks to young children in your afterschool program. State the title of your funding request (to catch the attention of the funding committee). How will your organization ensure for proper record keeping to show that the funding will be used for the specific purpose of the request?