November Ortho Newsletter

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November Ortho Newsletter

  1. 1. NOVEMBER 2012 Inside IN THIS ISSUE 1.1 8 REVENUE CYCLE MANAGEMENT CONCERNS FOR ORTHOPEDIC PRACTICES & HOW TO FIX THEM 8 Revenue Cycle Concerns for Orthopedic Practices & How to Fix Them [Recording & Slides] 1.2 HOW TO DECREASE Orthopedic practices are in a time of constant YOUR ORTHOPEDIC change with reimbursements, patient volumes, PRACTICE’S COSTS and elective surgeries all declining. These 2.3 changes are forcing physician practice owners to SIX FACTORS FOR ACHIEVING MAXIMUM reevaluate processes and tackle inefficiencies. ROI WHEN IMPLEMENTING AN EHR If you missed last months information-packed webinar, presented by Dave Wold, CHBC, 2.4 WHAT DEFINES Chief Executive Officer, and David DSilva, “MEANINGFUL USE” FOR Chief Operations Officer, at Healthcare EHRS Information Services, L.L.C., were pleased to be able to offer it on- demand.  Access webinar slides and recording now! How to Decrease Your Orthopedic Practice’s Costs Medical practice costs have risen over 50% in the last decade, far outweighing the Consumer Price Index and Medicare payment rates. More specifically, orthopedic practices are facing declines in patient numbers, reimbursements, F I R T Y and elective surgeries. Physicians are looking for ways to avoid (855) RING-HIS making the difficult choice between reducing their practice costs and 350 S. Northwest Highway Suite 200 maintaining practice efficiencies and service. Your office might be Park Ridge, IL 60068 able to cut costs from various places in your practice, from overhead www.healthinfoservice.com costs to revenue cycle management. Click here to learn more.HEALTHCARE INFORMATION SERVICES, L.L.C www.healthinfoservice.com
  2. 2. NOVEMBER 2012 Six Factors For Achieving Maximum ROI When Implementing An EHR Whether you decided to use an electronic healthcare record (EHR) to increase revenue, provide a higher level of care, or improve reporting requirements, return on investment (ROI) is often a large concern. Purchasing a quality EHR is a considerable investment; however there are ways to increase your ROI. Click here to learn more about six factors for achieving maximum ROI when implementing an EHR. What Defines “Meaningful Use” for EHRs? An Electronic Health Record (EHR) system is an asset to your medical practice. We are living in an exciting time of transition from paper medical records to an electronic database system.   Some confusion has followed since the passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act (2009), which aimed to create a nationwide electronic database for health records. A key value in the HITECH ACT is that electronic communication is put to Meaningful Use. But what does this term mean? ■ Certifications for prescribing prescriptions electronically (e-prescriptions) ■ Using certified technology to exchange important health information with other providers ■ Using electronic resources for evaluation and quality control. Now that you know what qualifies as Meaningful Use, how can you tell if you are getting it out of your EHR system? Click here to learn some tips on getting the most meaningful use out of EHRs Have Questions? We’re happy to help. Healthcare Information Services (HIS) (855) RING-HIS 350 S. Northwest Highway, Suite 200 Park Ridge, IL 60068 www.healthinfoservice.com F I R T YHEALTHCARE INFORMATION SERVICES, L.L.C www.healthinfoservice.com

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