Benefits of Electronic Medical Records
EMR Software Benefits for Ambulatory Practices
Safer patient care, improved collections, and speed delivery of care
Bearing in mind that not all electronic medical records systems are created equal, and no single EMR system is a good fit for all practices, some general benefits are realized quickly following a well-executed EMR software implementation.
Increase Profitability Through Elimination of Paper
PrimeSuite's document management features offers substantial financial benefits for physician practices of all sizes and specialties.
Scanned documents are instantly available to physicians and staff - from anywhere at anytime.
For example, prior medical records brought in by new patients are scanned immediately and available to nurses and physicians on the initial visit. Billing staff has immediate access to scanned insurance cards, speeding A/R cycles. These are just two examples, but you can see how this is a significant improvement over a paper filing or transcription process, requiring up to three weeks for paper documents to make it into a patient’s chart. Many practices find that entire positions can be eliminated when the time needed to manage paper medical records is eliminated.
Increased Revenues and Faster A/R Cycle
Today's falling reimbursements, the ability to manage daily charges is imperative to the survival and profitability of today's medical offices. By reducing missing charges, denied claims, and improper ABN notices - most practices can realize a sizeable increase in earned revenue from ambulatory patient visits. In contrast with a paper-based practice, PrimeSuite reduces under-and over-coding through the use of electronic templates that automatically assign the appropriate billing code, based on the level of care that was documented in the progress note.
Electronic Medical Records Guide
Electronic Medical Records Software 101.
Are actively researching EMR companies and electronic medical records software products? Our guide to electronic medical records software is written specifically for medical practices in the early stages of researching medical software vendors and electronic medical records systems for ambulatory physician practices.Reduce Patient Callbacks
With PrimeSuite's ability for your users to easily access comprehensive patient data and send tasks within the system, your practice can potentially eliminate incomplete messages and post-it notes! Staff are much better equipped to accurate and efficient when handling patient calls and other routine (but important) tasks.
Reduce Supply Expenses
Medical offices alone could probably keep Staples in business since it requires a lot of paper and supplies to keep clinics running in the paper world! From encounter forms, prescription pads, folders, and labels to paper, paper, and more paper. With a comprehensive and integrated (billing, scheduling, and charting in a single system - on a single database) EMR system, these costs are dramatically reduced.
Eliminate Overhead Administrative Positions and Reallocate Staff
With the increased efficiency of PrimeSuite comes the ability to better manage resources. Time gained by more effective and efficient access to patient data means employees work smarter and are more productive.
- Responsibilities change in a practice equipped with an EMR software system, enabling the efficient reallocation of staff and some attrition—and considerable financial savings as an ensuing benefit.
Repurpose Storage Space into Revenue-Producing Areas
Boxes and racks of charts that previously filled several rooms boxes can now be stored in the space of a few computers. By freeing up chart rooms and storage space, many practices repurpose the space for revenue-generating activities. Costly on-site storage areas can become additional exam, testing, or procedure rooms.Clinical Benefits and Improved Patient Care
- Generate Revenue through Clinical Research Studies. Ability to generate revenue through participation in clinical research studies through PrimeResearch.
- Increased Patient Safety. There is mounting evidence that ePrescribing alone has the potential to save thousands of lives in the United States each year through improved clinical contraindication warnings. Furthermore, improvements to patient safety can clearly impact the bottom line through reduced malpractice insurance premiums.
- Prevent Medication Errors. PrimeSuite's automated alerts warn providers of potential adverse drug reactions and unsafe drug combinations - helping to prevent dangerous (and preventable) medical errors.
- Reduced Insurance Premiums. Some malpractice insurers will reduce premiums by 5% or more for providers using Greenway PrimeSuite.
- Improved Reimbursement Rates. PrimeSuite can improve physician compliance with insurance company drug formularies, paving the way for the organization to negotiate better reimbursement rates with major insurance carriers.
- Increase Patient Satisfaction. Clinical staff can use PrimeSuite to gain instant access to charts with real-time information so they can provide accurate and timely answers to patients on the phone.
