Implementing electronic medical records into a practice can save time, money and waste, according to Digital Journal.
Here are five benefits of practices switching over to EMRs.
1. Better cash flow. Electronic reimbursements arrive to your payors almost instantly, rather than conventional methods which can take weeks or months from submission to return deposit. EMRs offer the flexibility to be submitted individually or automatically at the end of the day. Both denials and requests are handed out more quickly when done electronically.
2. Minimized risk. Patient portals with EMRs allow hospitals and surgery centers to verify insurance eligibility and coverage before patients arrive, ensuring adequate compensation.
3. Marketing metrics. EMRs provide marketing tools that can be tracked and focused on specific target markets. These tools allow referrals to be tracked and monitored for follow through appointments.
4. Instant access. Electronic patient records are accessible anywhere with an Internet connection, giving physicians and providers the ability to work in the office, at home or on the road.
5. Increased productivity. EMRs can help centers determine the best use for staffing and when the facility is over or under staffed. Communications with patients can also be automated to free up staff to perform other tasks.
More Articles on Coding, Billing and Collections:
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Here are five benefits of practices switching over to EMRs.
1. Better cash flow. Electronic reimbursements arrive to your payors almost instantly, rather than conventional methods which can take weeks or months from submission to return deposit. EMRs offer the flexibility to be submitted individually or automatically at the end of the day. Both denials and requests are handed out more quickly when done electronically.
2. Minimized risk. Patient portals with EMRs allow hospitals and surgery centers to verify insurance eligibility and coverage before patients arrive, ensuring adequate compensation.
3. Marketing metrics. EMRs provide marketing tools that can be tracked and focused on specific target markets. These tools allow referrals to be tracked and monitored for follow through appointments.
4. Instant access. Electronic patient records are accessible anywhere with an Internet connection, giving physicians and providers the ability to work in the office, at home or on the road.
5. Increased productivity. EMRs can help centers determine the best use for staffing and when the facility is over or under staffed. Communications with patients can also be automated to free up staff to perform other tasks.
More Articles on Coding, Billing and Collections:
Bundled Payments, Narrow Networks & Acquisitions: 5 ASC Reimbursement Trends to Expect in 2013
AAPF Calls for CMS to Strengthen Role of Primary Care Physicians
Florida's Lee County Agrees to Pay More Than $950K to Medicaid