Part B Insider (Multispecialty) Coding Alert

Revenue Booster:

Don't Let Your 2017 EHR Implementation Sink Your Profits

Published on Mon Jan 30, 2017

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Use this expert advice to make the most of your new practice technology.

Clunky systems, complicated upgrades, and a slow installation process often hamper your ability to offer the best care because as the provider, you must be more focused on the documentation and EHR than the patient. This is why engaging the best certified vendor and EHR for your practice is essential to long-term success.

Background. In recent news, MD Anderson Cancer Center in Houston, Texas reported 2016 financial losses to the tune of “$266 million, a dramatic decline from a $157 million gain the previous year,” the Chron, the Houston Chronicle’s online source, said in a Jan. 6, 2017 article. Officials at MD Anderson suggested that a difficult transition to a new EHR system in 2016 led to the significant fiscal demise and were also to blame for a declining work flow that impacted time spent with patients. Read the article here: http://www.chron.com/news/houston-texas/article/MD-Anderson-set-to-announce-layoffs-today-10837056.php.

“Implementation is a critical step in EHR adoption, as demonstrated by MD Anderson Medical Center recently experiencing a challenging EHR implementation that lead to revenue loss and job cuts,” says Richard Loomis, MD, chief medical officer and vice president of Practice Fusion. “The ability to implement quickly and get your staff up to speed is vital to ensuring a smooth transition for your practice.”

He adds, “Cloud-based EHRs can prevent the headache of buying new hardware and installing a system, but any EHR you choose has to be easy to use to make training your staff quick and efficient. Get a clear understanding from the vendor on the implementation process and timeline.”

Loomis recommends that you research vendor practices and ask prospective EHR vendors these important questions:

How long will it take to get started?
Will I be locked into any long-term commitments with a contract?
Is training provided?
Is there assistance for scanning paper files or transferring electronic files?
What’s the typical length of time for practices to get up and running with this EHR?

Tip: It’s a good idea to do a quick audit of your practice EHR needs before implementing a new system. This will help you identify the best cloud-based products and vendor for your organization.