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The 2-minute Guide: Advantages of Electronic Medical Record (EMR)

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There are many advantages of electronic medical records for physicians which tend to fall into one of three main categories: qualifying for federal incentive payments, workflow benefits, and …

There are many advantages of electronic medical records for physicians which tend to fall into one of three main categories: qualifying for federal incentive payments, workflow benefits, and administrative cost benefits.

Federally funded EHR incentive payments under the American Recovery and Reinvestment Act of 2009 (ARRA) are available for qualifying health care providers under either Medicare or Medicaid programs. All (Medicare) or the majority (Medicaid) of EHR incentive payments under either plan require “meaningful use” of an EMR system accredited by a proper certification authority. It’s important to note that there are several stages to meaningful use, all of which must be met for ongoing EHR incentive payments.

Once an EMR system is installed and staff are trained in its proper use, retrieving and updating patient clinical records is performed substantially faster and with fewer errors. In most cases, this allows health care providers to finish patient charting more quickly, and to do so while with the patient, increasing accuracy and completeness of the record. This efficiency can result in an increase in scheduled visits per hour with no degradation in patient care quality. Alternatively, by reducing the burden of administrative work, it allows a health care provider to concentrate more on the patient and less on paperwork.

Besides improving the delivery of health care to patients, another one of the benefits of electronic medical records integration is that it can reduce administrative and other related costs for physicians. Storage space dedicated to paper charts can essentially be eliminated once the transition to an an EMR system is complete. Likewise, staffing for filing and retrieval for a patient files and the need to purchase paper based supplies is substantially reduced or eliminated.

Read more: Advantages of Electronic Medical Records | medicalrecords.com http://www.medicalrecords.com/physicians/advantages-of-electronic-medical-records#ixzz2UiP9sfqx

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  • 1. The 2-minute Guide: Advantages ofElectronic Medical Record (EMR)Summer  2013Wednesday, May 29, 13
  • 2. Federal Incentive PaymentsAdministrative Cost BenefitsWorkflow Benefits123Wednesday, May 29, 13
  • 3. Current RegulationsFederal Incentive Payments‣Health care providers qualify for Medicare andMedicaid EMR “meaningful use” payments under:• The Health Information Technology for Economic and ClinicalHealth (HITECH) Act, which is part of the American Recoveryand Reinvestment Act of 2009 (ARRA)• Regulations issued by The U.S. Department of Health andHuman Services (HHS) regarding providers’ security andprivacy obligations under the Health Insurance Portability andAccountability Act (HIPAA)Wednesday, May 29, 13
  • 4. Use of an EMR system is required by the end of 2015 inorder to avoid Medicare reimbursement penalties, whichstart at 1% and increase to 5% in 2020*.EHR Incentive PaymentsMedicare Medicaid‣ Maximum of the lesser of 75% ofMedicare Part B claims‣ $44,000‣ Maximum of the lesser of 85% of thepurchased EMR cost‣ $63,750*http://www.medicalrecords.com/physicians/electronic-medical-records-deadlineWednesday, May 29, 13
  • 5. A 2003 study by the University of California that focused onsolo and small group physicians found that some physicianssaved up to $20,000 per year though EMR implementation*.Administrative Benefits‣Less storage space‣Reduce staffing for patient chart filing‣Cut costs on paper supplies*http://www.chcf.org/~/media/MEDIA%20LIBRARY%20Files/PDF/E/PDF%20EMRLessonsSmallPhyscianPractices.pdfWednesday, May 29, 13
  • 6. Reducing the burden of administrative work.Workflow AdvantagesRetrieving and updatingpatient clinical records isfaster and more efficient.Maintain quality of patientcare.Increased accuracy andcompleteness in records.Increase in scheduled visitsper hour.1234Wednesday, May 29, 13
  • 7. Make the SwitchPaper Based Charts EMR Systems‣ Difficult to copy‣ Susceptible to fire or water damage‣ Storage space, staffing costs, papersupplies costs‣ Easier to share patient charts with otherhealth care providers‣ Direct integration with insurancepayment systems‣ Patient history, lab results, anddiagnostic information all in one placeWednesday, May 29, 13
  • 8. MedicalRecords.com works to connect physicians to the best EMR companies, matching the rightEMR system with specific medical practices. MedicalRecords.com is the world’s largest directory ofEMR software vendors. It is a privately held company based in Cambridge, MA whose mission is tobetter organize the EMR software market. The company was founded by seasoned technology andhealthcare professionals in 2010 after the passing of The Health Information Technology forEconomic and Clinical Health Act (HITECH Act).For more information about the Advantages of EMR, please visit us at: http://www.medicalrecords.com/physicians/advantages-of-electronic-medical-recordsHow MedicalRecords.com can help!About UsLocation:55 Cambridge ParkwaySuite 103Cambridge, MA 02142Wednesday, May 29, 13
  • 9. Thank you for reading The 2-minute Guide: Advantages of EMR!Please visit us at MedicalRecords.com for the latest information about EMR. We canhelp connect you to the best EMR companies!Choosing the Right EMRHow MedicalRecords.com can help!Wednesday, May 29, 13