Electronic Health Records (EHRs) are complex systems and a dedicated team of professionals are required for handling and maintaining these systems for smooth operation of such records. The drawbacks of paper based records, the projected advantages of EHRs, and the incentives offered along with the penalties for non-adoption of EHRs are driving hospitals and small practices towards implementing EHR related policies. There are numerous reasons for the slow rate of adoption of EHRs and range from reluctance to accept new technology, the changes brought about by government intervention and practical causes such as financial burdens, increased amount of work and shortage of time.
Although there are challenges in the initial stages of implementing EHRs, the benefits in the long run are holistic in nature and can benefit physicians as well as consumers. One of the important aspects of the financial and professional growth of the practice is the maintenance of the viability of the equipment and the resources available for efficient operation. One of the important steps in ensuring such efficient operation is the hiring of reliable staff that are not only educated in their own profession but are also computer savvy and familiar with EHRs and such other systems required for everyday activities.
Some other factors that may add to the costs are health IT services which are a recurring one along with some other costs such as upgrading the system and keeping the systems secure as per HIPAA guidelines. However, the fact that the initial cost of EHR would be offset due to the incentives provided and the benefits in the long run, financially or otherwise, cannot be denied. The costs of EMR or EHR implementation and maintenance can be reduced by using various methods to streamline the departmental processes by optimizing services such as revenue cycle management and denial management along with numerous other services. These processes require accuracy in order to reduce duplication and rejection of claims, and errors while billing and coding.
Professional medical billing and coding companies can provide dedicated services such as payment posting, where accurate comprehension of Explanation of benefits (EOB) is required, and accounts receivable where time is the most crucial factor in receipt of accurate reimbursement. Moreover, the advent of EHRs and numerous new polices, physicians are trying to hire more staff for health IT support which is in short supply. Costs of health IT services for upkeep of successful EHRs are rising and some of the ways of cutting costs is to outsource as many departmental processes as possible in order to find relief from some financial burden.
Medical billing and coding companies that offer specialized services in this field not just cater to physicians’ billing and coding needs but also provide numerous other services. Medical billers and coders at www.medicalbillersandcoders.com offer other value added services such as physician credentialing, consultancy and denial management.