Why you should outsource medical billing services

The advent in technologies has brought about many complications for practices such as declining insurance reimbursements, increasing operational and administrative costs. Increasingly detailed and ambiguous systems of payments and compliance related needs  have made it tough to handle business practices without having an effect on care quality.

The results of such complications lead to losses in revenues, cash flow reductions, higher costs of operations, unnecessary and unproductive time spent on administrative and clerical issues etc.
For practices and care providers, the main issue to tackle is to ensure that all providers completely document their activities and professional services according to the coding standards because for medical billing, coding defines the effectiveness of billing operations.

The first thing to do is to assess your practice by asking questions about the process of billing and future plans. Providers should ask themselves if the account receivables take too long, if the number of claims denied is too high, if some of the charges are not being sent to the right payers and if providers feel that they are not getting time to concentrate on their patients.

After asking yourself such questions, you have two options – to with an outsourced medical billing service or to go with an in-house medical billing service.

If you are generally unhappy about your billing practices and feel that you are incurring losses, then the best way to change the situation and turn those losses into profits would be to go for an outsourced medical billing service.

Outsourced medical billing services are usually ideal for smaller and new practices because they want low costs in billing operations as well as in administrative workflows. With outsourced billing companies, practices need to be ready to work with external personnel such as medical billing representatives from the outsourced company. Therefore, with a team of well-trained medical billing workforce, outsourced billing would help your practice in streamlining your financial workflows and have providers concentrate more on their clinical workflows.

Simple Steps to EMR Transition

After thorough research, when you have decided to shift to Electronic Medical Records, you will have to go through a series of steps to make sure that your EMR solution will enhance and maximize returns and lead to better care quality, efficiency in your workflows, higher staff productivity and an increase in profitability.

You will have to be a little patient as this process will not be completed within a week. It may take you one to three months (depending on the vendor) to actually start the implementation, getting through with data migration, trainings and determining the best suited workflow and system for your practice.

In order to ensure optimum efficiency, you need to identify the causes for your transition from paper to electronic. This can be easily done by listing down the main reasons that compelled you to opt for an Electronic Medical Record solution.

After listing down the reasons, you need to make a note of the main problems you had with your previous system or paper charts and communicate these problems with your vendor. Tell them why you made the plan to transition and what you essentially want with your new system.

To be ready for the implementation process, you need to ensure financial stability at your practice because you need to pay for the initial costs of implementing the EMR.

Next step is to get educated about the software you and your whole staff is going to use. Relevant persons at the practice should be educated about the looming changes. It is a good idea to hire a EMR consultant visit at http://www.curemd.com/emr.htm or trainer to train your staff about the software in weekly or bi-monthly sessions
It is imperative that the software should be thoroughly tested before it is actually rolled out. Staff members should be aware of how to use the software without any problems.
Implementing Electronic Medical Records is not an issue and can be done with ease. These simple steps should ensure a smooth transition at your practice.

EMRs: Why free is not worth it.

Many care providers are reluctant to pursue the implementation of EMR because they believe that an investment in the solution does not justify the returns.

With the advent in technologies leading to innovative software solutions, there is a high number of healthcare IT vendors selling a diverse variety of EMRs.
There are free Electronic Medical Records available in the market as well,  but with anything cheap or of no cost, there is a hidden price to pay.  Free EMR have limited functionalists compared to vendors who charge a price for their products – products that have been produced with the help of cutting-edge research.

Essentially, a free EMR has limited features, minimal customizability options, most like ad-supported which can be distracting and quite a nuisance, usually lacking the capability of being specialty specific, limited and minimal training and support, no practice management software and no clinical decision support. 
On the other hand, EMRs which are paid for actually have enhanced features in the software solution, are highly customizable and care providers can have it tailored to their specifications, do not involve distracting advertisements, are capable of catering to single and multi-specialty practices where there are different care providers working in different specialties. Electronic Medical Records which are paid for also mostly include a Practice Management Software, Clinical Decision Support and back-ups to support the whole system.

Electronic Medical Records significantly contribute towards the enhancement in clinical, administrative and financial workflows at the practice.