The Economic evaluation of management information system (MIS) in health care management

There is undoubtedly a need to efficiently allocate the scarce resources related to health care so that the optimum utilization for the benefit of the society at large can be determined. In this process, the health management system plays an important role. A well-managed data becomes a significant source in making the organization efficient. Economics thus provides health sector a new paradigm- Health Economics. A branch of economics developed as Health economics deals mainly with how the scarce health care resources need to be allocated so as to bring the maximization of the health of the community. For such a decision making, an analytical tool is required which could involve both the cost and the benefit side. Economic evaluation serves such an analytical tool. The present paper focuses on the economic evaluation of the Management Information system (MIS) in Health care Management. MIS calls for such a strategy to effectively organize relevant information in the health care and manage the limited resources with optimization and is therefore considered superior to the traditional paper based system.