How Electronic Health Records Can Save Money
If you’re involved in running a busy healthcare facility, you know firsthand the importance of efficient and cost-saving systems to keep operations running smoothly. Investing in electronic health records (EHRs) is one of the most impactful ways to save money while significantly elevating patient care quality on a large scale. A comprehensive electronic health record system can provide fully integrated and connected care that allows providers to treat patients across many medical specialties and practices without incurring astronomical costs. Here are two of the main reasons why electronic health records can be a game-changer at your organization:
Improved patient outcomes. When it comes to treating various illnesses and diseases (such as cancer), timing is critical to achieving the most favorable patient outcomes. An electronic health record system plays a major role in helping physicians make the correct diagnoses early in patients’ treatment. This is because physicians can easily access all a patient’s prior diagnoses, treatments and procedures – such as scans or tests – in determining the best course of action moving forward. When physicians have access to this type of information, patients will immediately be given the most effective care for their conditions without having to undergo unnecessary screenings or appointments. Taking steps to reduce unnecessary testing will give your facility greater capacity, ultimately increasing patient care volume. This coordination of patient care through an electronic health record system ensures the highest degree of efficiency and efficacy across all physicians involved in the treatment a patient.
Integration with billing. Because electronic health record systems document every aspect of a patient’s care, it makes sense that connecting an EHR with a facility’s billing system will contribute to an improved bottom line. First, this is due to a more detailed and comprehensive documentation, resulting in a more accurate and timely billing cycle. Electronic health records’ computerized nature makes it easier for physicians to capture all patient data and information, which reduces staffing costs and eliminates the potential for human error. Second, enhanced workflow from implementation of electronic health records is likely to increase revenue, allowing for more patient volume without having negative effects on an organization’s staffing levels.
With the increasing need to cut costs while maintaining a high patient care level, there’s no better time to invest in an electronic health record system for your organization. Making this decision is bound to pay off in dividends for your facility, lowering costs while enhancing care.
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