There are probably many medical offices that are thinking, why should we move to EMR's. Well besides the government pushing t on physicians, it is also a great way to increase efficiency and to save more money.
this is a summary of one of the offices that's decided to take up a EMR record system.
"When the physicians of Urology of San Antonio to discuss their practice's future financial status, they concluded that they needed to cut costs and enhance existing revenue streams to maintain or improve profitability. The practice decided to meet its goal by implementing an EMR solution. Although a significant investment in human and financial capital would be required, the group realized that an EMR system would boost productivity and yield a positive long-term financial benefits." (Practice 2)
This medical group has a total of 18 physicians, 6 clinical offices, one surgery center and a centralized business office.
Some of the main critical issues surrounding the medical group were maintaining and improving profitability, reducing costs associated with paper charts and paper driven processes, improving coding accuracy, and enhancing clinical efficiency, patient care and service.
The end results of moving to EMR's were $150,000 annual savings in transcription costs, $144,000 annual savings in labor costs, $40,000 annual savings in paper supplies costs, $360,000 annual revenue increase resulting from coding efficiencies and increased daily visits! In total they saved $694,000 yearly from using a EMR record system and they see more patients so they make more as well.
See, switching to an EMR record system, these doctors were able to save a ton of money and make more money as well. Don't let the feeling of being pushed into it or the feeling of being scared because you are not sure if this is a good investment stop you from saving and making more money and at the same time increasing patient care.
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