Electronic Health Record can be used to take a positive leap in your cash flows. How? Is it even possible? The answer to these questions lie in learning about the benefits EHR technology provides.
Let’s see at length how an EHR increases your cash flow.
Converting from a paper-based to an electronic based practice, the providers can save a lot of money. And they will be able to eliminate a lot of clutter they have to deal with when records are needed. Storage space required to maintain paper-based records can be expensive. Using an EHR reduces all costs that are the byproduct of a paper-based practice.
Behavioral Health, Interoperability and eConsent: Meeting the Demands of CMS Final Rule Compliance
In a webinar on April 16 at 1pm ET, Aneesh Chopra will moderate a discussion with executives from DocuSign, Velatura, and behavioral health providers on eConsent, health information exchange and compliance with the CMS Final Rule on interoperability.
Financial incentives: Government gives incentives to the providers who adopt EHR technology. Eligible Professionals may earn up to $44,000 through the Medicare EHR Incentive Program, and up to $63,750 through the Medicaid EHR Incentive Program. The incentive for program also exists for Eligible Professionals for e-Prescribing under CMS eRx Incentive Program.
EHR can connect healthcare facilities across States. It is again a major cost saver. Data from one facility to another is electronically communicated instantaneously. It also helps in clinical support decision making. The travelling and paper cost is saved through it too.
Inbuilt ICD code in an EHR is a major cost saver. To comply with huge set of rules, the doctors used to open heavy books on codes. It was tedious, boring and error ridden. EHR eliminates those errors; the codes come against the patient data entered instantaneously. The system manages the code automatically.
EHR is the technology of the future. Government is providing financial aid to strengthen the cause of the EHR because it will revolutionize how we accumulate data and use it for multiple purposes, financial and research based.
