The Health Information Technology for Economic and Clinical Health Act (HITECH) allocates $19 billion in government funds to encourage the healthcare industry to adopt information technology in the way of electronic health records.
Integrating this technological advance will help medical practices prevent medical errors, cut unnecessary costs, limit paperwork and improve the quality of healthcare across the nation. Both the Medicare and Medicaid EHR Incentive Programs provide financial incentives to eligible professionals who are able to demonstrate meaningful use of certified EHR technology.
It’s a reality of running a medical practice: chances are you will not find a perfect electronic medical records (EMR) provider that also offers a robust practice management product at an affordable price. And vice versa. To thoroughly address both the clinical and administrative requirements of your practice, you might decide on an integration – a bridge that links products from two different vendors using an industry standard coding language.
To help improve the odds that your integration goes off without a hitch and is up and running in no time, you’ll want to choose vendors with integration experience, and incorporate a project management approach.
Protect your patients and your budget by preparing for a HIPAA audit.
The efficiency of a medical practice’s billing operations has a critical impact on financial performance. Determining the ultimate gatekeepers of the billing function – whether an in house team or a third party company – is one of your most important decisions. This paper discusses the key drivers of your revenue cycle, and provides a tool to help you determine if your practice is proficient at Revenue Cycle Management (RCM), or if you would benefit by outsourcing billing to a third party.