It is a common mistake to confuse EMR (Electronic Medical Record) and EHR (Electronic Health Record) as these terms are used interchangeably quite often. These acronyms have different meanings, functionality and purpose. EMR deals with medical charting, encounter documentation, a patient’s past medical history, active drugs, allergies and other patient details. EHR works on a broader spectrum for greater health data exchange. EHR helps health care providers to follow patient’s health care information from practice to practice, labs, pharmacies and any other health care institution that was or is part of patient treatment.
Implementing the right clinical solution in terms of EMR and EHR will definitely benefit your practice when compared to traditional paper charting. Some of the EMR & EHR benefits are discussed below;
EMR technology is a complete automated clinical process that improves the productivity and efficiency of medical organizations. Pulling up paper charts from folders in the rack is now available with just a click of a mouse. Deployment of technology enables medical practices to interface directly between patient electronic health record and results like lab, imaging and x-ray; eliminating the time and hassle of paper transitioning from one place to another and storage. Moreover, to analyze the performance of the practice from a clinical stand point is streamlined. The result is less missed referrals, no shows are followed up on and missed encounters corrected.
With reduced time and space in practicing, there is a better opportunity for medical groups to opt for new services under their health care umbrella, which could help them increase their revenue within the same work schedule. Additionally, there are cost savings on reduced FTE (full time employees), lower malpractice costs through better compliance documentation and efficient service delivery.
EMR products come with built-in tools, edits and educational material that help health care providers to improve the decision process. Most of the EMR systems have an in-house PDR-based medical dictionary that gives physicians Adverse Drug Events (ADE) alerts and drug dosage recommendations.
One of the greatest benefits for adopting EHR technology is the financial incentive where eligible professionals with Medicare and Medicaid can earn up to $44,000 and $63,750 respectively. Properly configured software helps guide the practice to realizing these benefits. EHR technology enables better, easier and faster care co-ordination between health care providers and groups.
A recent study concluded by New York health Collaborative finds that EMRs help to avert costs and increase revenue leading to significant savings for healthcare practices. Some of the areas are below.
- Increase in average billable gains of $26 per patient visit
- An improvement of around 12-20% in care delivery
- Drug expenditures (34%)
- Better capture of charges (2%)
- Decreased billing errors (78%)
- Improved utilization of…