EMR contributes to medical practice in four ways:
cost reduction, revenue enhancement, administrative efficiency, clinical efficiency.
2. Revenue enhancement
- Age- and gender-specific care reminders of overdue health maintenance items, generation of letters to patients about overdue visits/services
- Improved billing capture at 1.5-5% of an average charge per visit
- Higher coding level because of improved notes at 3%-15% of an average charge per visit, using templates and "clinical macros.”
Estimated percentage of visits that may be ‘down coded’ due to the additional documentation burden and/or fear of an audit, occasionally reaches 50%. EMR allows for more accurate coding, with the ability to automate full supporting documentation, and built-in coding assistants based on “E and M” guidelines. So, if your practice generates $400,000 then EMR will contribute on average 2% = $8,000. |