Electronic Medical Records
The HITECH portion of the American Recovery and Reinvestment Act of 2009 provides substantial financial incentives for purchasing and proving meaningful use of Electronic Medical Record software (EMR). As a result, physicians in increasing numbers are considering this type of software for their practice.
However, many healthcare experts are warning practices against making a serious mistake - confusing the benefits of EMR with it's limited impact on the revenue cycle. Although most EMRs are sold with billing modules and even add-on billing services, choosing an electronic document management system and deciding how to manage your revenue cycle are two important, but very different considerations.
At its best, EMR reduces redundancy, streamlines communication, and improves documentation. To run a profitable practice, however, you need knowledge and skill in revenue cycle management, along with the right tools to submit and manage claims, appeal denials, and produce meaningful report output. As the provisions of the Affordable Health Care Act, ICD-10, and RAC audits come into play, expertise in billing and all of its complexities is becoming increasingly vital.
At MedFocus, you can pair our experience with the structure that makes sense for your practice.
- We work in partnership with Centricity, a robust EMR and practice management system by GE Medical. Some of our clients use or decide to implement this platform, having access through MedFocus to reduced and very competitive pricing and local support.
- However, many of our clients use EMRs other than Centricity, such as AllScipts, eClinicalWorks and Intergy. We currently have smoothly-functioning interface connections and seamless work flow solutions with numerous EMR programs.
- Further, many of our clients do not own an EMR, as they are using the medical records system provided by the hospital or have not yet made the transition.
Contact us to find out more about our flexible solutions. With MedFocus, you can maximize your revenue cycle and choose the medical record system that makes sense for your practice work flow.