Electronic Records In Share Market – Stamping It Or Stumping It?

Posted on 21st July 2011 in Consumer Electronic

but the article is concerning with the situation where the amendment if on being accepted would have carried serious inconsistency with the Stamp Act, Constitution of India and other related problems. The article also analyse possible solutions to cope up with conditions where the interest of state clashes with Central Legislation and lastly suggesting format which can be adopted for
imposing duty on the electronic commerce.

GAIL has signed an agreement with the NSDL for providing this facility to the shareholders of GAIL. For subscribing to this system, shareholders would first need to dematerialize their shares. This can be done through any of the Depository participants of NSDL. After this, shareholders can trade the shares without any physical deliveries of the share certificates and no stamp duty is payable at the time of transfer unlike in the case of physical transfer.

This excerpt indicates GAIL offering facility to all of their shareholders after opening Depository account, they can trade the shares without paying any stamp duty. But the position would have had not been the same as the State of Maharashtra some time before by its amendment under Bombay Stamp Act, 1958 has made all electronic transaction subjected to the Stamp duty. By doing so, they have not only by disturbed its harmony with Indian Stamp Act, 1899 but also created a doubtful situation questioning about its consistency with the pillars of Constitutional of India. The major concern in this article is to analyse the nuances of action taken by the State of Maharashtra and its impact on the electronic commerce, what would have been possible
solutions to cope up with this condition where the interest of state clashes with Central Legislation and lastly suggesting format which can be adopted for imposing duty on the electronic commerce.  Read more...

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Electronic Medical Records- Help Your Healthcare Facility Stay Organized and Eco-friendly

Posted on 29th August 2010 in Office Electronic

Electronic medical records are fast replacing traditional paper files in doctor’s offices and healthcare facilities nationwide. The reason this is happening is because of the efficiency that accompanies EMR software. If you are a healthcare provider and you need to “lighten the load” of your medical files, then electronic medical records software is exactly what you need to accomplish this task. So, what are the true benefits of EMR software, and how can it help with the organization of your healthcare records? Imagine that you have records for all of your patients in paper files at your office. What if the files get stolen or burned? If files are stolen a lot of sensitive information could get into the wrong hands. With electronic medical records software, you do not have to worry about this. The files are stored electronically, and security measures are taken to insure that all files are secure. This gives you peace of mind, and also lightens your paperwork considerably! In addition to protecting your files, EMR software can also help with organization. It can be difficult to sift through tons of paper files, but when you have your files in an electronic database you can easily pull up any medical records that you need to see. This saves valuable time, as running a healthcare facility is already a demanding task! Another benefit of electronic medical software is that it drastically reduces the amount of paper and ink that your healthcare organization will use. In doing so, you can brand yourself as an eco-friendly facility, which can help you stand out from your competition. A large portion of the world has really attached itself to the “green movement,” and by providing eco-friendly services to patients you can expand your business! There are many great features of EMR software, and all of them help considerably with healthcare records organization. If you truly want to see all of the benefits that EMR software has to offer, then I suggest you contact an electronic medical records provider and see exactly what they can do for your business!  Read more...

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Why Doctors Are Reluctant To Embrace Electronic Medical Records

Posted on 22nd August 2010 in Office Electronic

Small doctor’s offices across America are accustomed to doing business in a certain way. When a patient checks in, the administrative staff pulls out a file folder containing a medical history, a record of doctor’s visits, test results, and physician’s scrawl jotted down about the patient’s history. When the doctor begins his or her consultation, it’s easy for them to thumb through the pages and get up to speed on your medical history.

But small offices are under increasing pressure to scan these files and convert them to electronic medical records (EMRs) and make paper files a thing of the past. In fact, President Obama has set a goal for every American to have an EMR by 2014.

However, despite nearly $17 billion in economic stimulus money that is dedicated to medical records scanning, many small practices are reluctant to make the change.

EMRs Won’t Provide Significant Changes to Care

Family practitioners typically enjoy close relationships with their patients, built over years of routine health issues. “ I don’t want to sit in front of a patient looking into a laptop,” says one Denver doctor. “I’d rather look into the patients’ eyes” While he acknowledges some benefits to all of the patient data being available on screen, there isn’t a great deal of information sharing going on. Each hospital system uses a different EMR system, and there isn’t a standardized format that solves the communication problems between hospitals, physicians and labs. ”We tend to print out the data and store it in a paper file. For me, t here is something intuitive about paper chart and prescription pad” the doctor adds.  Read more...

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Advantages of Electronic Medical Records Part 1 – Lowered Costs

Posted on 18th August 2010 in Office Electronic

Switching from old-fashioned paper filing systems to computerized electronic medical records (EMRs) is highly beneficial for both doctors and patients. Below are just some of the advantages which directly or indirectly lower costs:

1) Initial cost increases are offset over time by significant savings in costs for clinicians and health insurance companies

2) Lots of freed up space in the office ultimately saves money

3) Allows everyone on a health care team, such as every staff member in a single office in Frederick, MD, to coordinate care. This prevents duplication of testing and threats of dangerous prescription interactions, as well as increased knowledge and understanding of chosen treatment methods among practitioners. Even more important is the case in which all those staff members from Frederick, MD need to coordinate information with a specialist’s office in Northern Virginia.

4) No need for any time delay due to email or faxing, which is particularly important in emergency situations. For example, you need emergency care immediately in Frederick, MD but your records must be faxed from an understaffed office in Ohio.

5) Ability to keep up in a fast-paced office environment in order to stay competitive

6) Less time invested in trouble-shooting, more time available for patient care

7) Set-up costs and overhead are rendered obsolete, and replaced by the reduced costs of monthly usage fees

8) Elimination of IT infrastructure and the resulting complications, replaced by a single, streamlined online database  Read more...

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Electronic Medical Records More Prevalent Now

Posted on 10th August 2010 in Office Electronic

The medical industry has changed significantly over the past decade. One of the major changes is that many medical offices are moving from paper to electronic medical records. There are also a number of practice management software packages available to medical practitioners. This makes their lives easier, but what does it mean for patients? To understand the answer to that question, it is first important to understand what an electronic medical records system is.

Generally EMRs, electronic medical records, and EHRs, electronic health records, are synonymous. These systems keep track of medical information. These systems keep medical records stored in a central location so that they can be made available to pharmacies, specialists and other providers. What this means for the patient is that medical care is becoming more portable.

President Bush created the Office of the National Coordinator for Health Information Technology (ONC) in 2004. This office was headed by David Brailer in the beginning. Brailer addressed interoperability issues and established a National Health Information Network (NHIN). Regional Health Information Organizations (RHIOs) have been established under the ONC in many states for the purpose of promoting the sharing of health information. Currently, Congress continues to create legislation to increase funding for these programs and programs like them.  Read more...

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Healthtec’S Electronic Medical Records – Simple Office Solutions

Posted on 8th August 2010 in Office Electronic

HealthTech’s Electronic Medical Records software pack is a useful tool that can help organize different medical records and patients’ data. In a world of hundreds of manufacturers of the same product, it is sometimes hard to make the right decision. The electronic medical recording system from HealthTec has proven efficacy and testimonial across the internet approve of this fact.

Conventional medical records require large spaces to be stored. On the other hand, unmaintained medical records usually occupy spaces, although they might not be needed anymore. Film, paper and other physical multimedia usage adds much to the bill of conventional medical recording systems. Alternatively, using HealthTec’s medical records software usually saves you the sum of money you would spend on physical medical recording plans. Moreover, collecting medical paper records and transporting them to be reviewed by a healthcare provider is troublesome and wastes a lot of time. Recent studies have shown that the outcome of medical offices that utilize electronic medical recording systems is far more favorable than those of medical offices that still use physical medical records.

The smart electronic medical recording system form HealthTec enables you to record all the information related to every patient and retrieve it in a blink of an eye. Personal history, complaints, history of present illness, past history and history of patient’s similar conditions can be smartly recorded with the aid of an easy-to-use software interface.  Read more...

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