Going Electronic in Your Practice
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To qualify for reimbursement which can total up to $48, 400 per eligible physician per year, practices must show \"meaningful use.\" The provider must use a certified electronic health record (EHR technology that meet the standards set out elsewhere in the American Recovery and Reinvestment Act).
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Advantages of going electronic...
There are many advantages of going electronic in your practice. To cite a few:
(a) Shorter collection times, increased efficiency and greater business value.
(b) Effective management of the scanned images (such as EKGs, outside lab results, and payers' information), and related electronic records.
(c) The cost of physically transporting the documentation to coders will be eliminated.
(d) Reduce risk of medical errors in documentation, prescribing, and claims processing.
(e) Electronic documentation is more secure than paper documentation. No need to worry about further expenses in storing patients' confidential information in the storage. Actually, there are software companies that provide centralized location to store your electronic patients' records.
(f) Your practice will have less chance of losing documents.
(g) Customer service will improve significantly, thereby, promoting customer loyalty.
(h) It is a myth that going electronic in your practice is very expensive. In reality, you can get $$$$ incentive under the new Health Information Technology for Economic and Clinical Health (HITECH) Act that will take effect in 2011.
To qualify for reimbursement which can total up to $48, 400 per eligible physician per year, practices must show "meaningful us." The provider must use a certified electronic health record (EHR technology that meet the standards set out elsewhere in the American Recovery and Reinvestment Act).
Maximum Medicaid reimbursements will total up to $64,000/eligible practice. However, there is one catch with these incentives for electronic health records, that is, the incentives are paid over several years starting 2011. For more details, please refer to: http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HR00629:.
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