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EMR Implementation and ROI
April 13, 2010
By:
Kevin Miller
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When you are planning to purchase EMR for your practice, it is important to perform a return on investment (ROI) study before finally taking decisions related to the type of technology that you should purchase. This is particularly true for electronic medical records where the costs of the different systems can vary from case to case.
Achieving Better ROI with EMR implementation
EMR Implementation increases the number of patients seen by you by reducing the overall time spent on chart documentation.
You can reduce the time spent by nursing staff members on patient intake information.
Use EMR charting features to automatically generate and transmit charges to billing applications via interfaces.
You can also eliminate lost and under-coded charges with code assistance.
Electronic prescription writing can notify you if requested medication is included on the approved formulary for each of your patient’s insurance.
You will be able to reduce the pharmacy call-backs by electronically sending prescriptions.
With EMR, you will be able to automatically generate Health Maintenance Alerts based on various patients’ conditions and criteria.
EMR systems will also help you in promoting better healthcare for your patients. At the same time, they can also be an additional source of revenue for the practice as tests, vaccines and labs are scheduled.
With the implementation of EMR systems, you will require fewer resources to process claims.
Make instant notification of eligibility and you will be able to carry out more efficient processing of claims and faster reimbursement.
Reduce the costs associated with external storage space as paper documentation and paper charts are largely reduced.
Reduce the labor costs related to medical records department for requests to pull charts.
Automate the process of generating and receiving referrals.
Adopt both cost effective and clinically effective regimens because of the adaptive learning facilitated by EMR systems.
Avoid duplication of tests and procedures by using EMR’s automated order communications and lists of prior tests for each patient.
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EMR Benefits
Implementing EMR
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