EHR Replacement on the Rise in 2014 - Are you Seeing ROI on your EHR?

The numbers of providers in need of EHR replacement is growing in 2014. They are not sure if their current health IT system is capable of handling healthcare changes including, stage 2 Meaningful Use and ICD-10 compliance. Regular and expensive updates and poor client service are also forcing them to replace their existing EHR system.

Industry Facts :

According to a survey by EHR reviewer Software Advice, providers who shopped for new EHR in the first quarter of 2014 were looking for a replacement for their existing system

Number of prospective buyers looking for EHR replacement has grown by 30% since the first quarter of 2013

As per recent Black Book Rankings survey, majority of providers want to upgrade their RCM products

As per an industry report, the EHR market increased to $23 billion in 2013. With providers seeking replacements and certification-related updates, the market will continue to grow in 2014 - 2018.

What is Contributing to the Increase in EHR Replacement?

Providers are replacing their existing EHR system due to the following reasons:

• Existing system is difficult to manage
• Need to integrate with other systems
• Current system is not up-to-date
• Need to ensure regulatory compliance

Lack of integration between health IT components, lack of desired features, and high expenses are also forcing physicians to change their existing system.

Is EHR Replacement Necessary?

Optimization should be on the top priority for practices. It should be a part of the organization’s long term plan because EHR adoption is an ongoing effort. Physicians should optimize the use of existing technology before taking the decision to replace an EHR system. The need for replacement can be avoided if they focus on the reason behind unsatisfactory EHR adoption.

Even if the physicians plan on replacing their existing system, they need to determine ways to get the most out of it. The process of selection and implementation should be given top priority if practices want to get high ROI.

Is your EHR team capable of handling the change? Are you ready to bear the additional expense of a new system? If time and monetary constraints are stopping you from replacing your EHR or optimizing the existing system, EHR outsourcing can put an end to your worries.

Get High ROI on your Existing EHR with MBC:

By contracting with MedicalBillersandCoders.com, practices can enjoy the following benefits:

• Physicians can focus on their core competencies by outsourcing their EHR implementation requirements to MBC
• With the help of MBC’s operational expertise in EHR implementation, practices can easily migrate to a new technology. This can be done with minimum downtime, without disrupting the staff’s productivity
• MBC provides access to the industry’s best practices and helps enhance operational efficiencies
• Practices don’t have to invest in expensive infrastructure required for implementation of EHR. MBC helps them avoid short-term expensive outlays

The team at MBC is also experienced in ensuring error-free coding and HIPAA compliance. Effective AR and RCM services are offered to physicians across all the 50 states in the US.

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Published By - Medical Billers and Coders
Published Date - Jul-23-2014 Back