| l> | | | | (P4P) programs offer bonuses for demonstrating |
| Save paper document management and storage | | | | better patient health outcomes and cost efficient |
| costs | | | | care. EMR software technology is perfectly suited |
| - The estimated cost of creating, tracking and | | | | to assure adherence to strict quality control data |
| maintaining paper charts is $8 per record | | | | EMR reporting guidelines with substantial rewards |
| compared to $1 per year per electronic record. | | | | for quality improvement. |
| The paperless office practice saves staff time by | | | | Optimize reimbursement |
| gaining immediate EMR access to any chart with | | | | - Automated charge capture with medical billing |
| less wasted time spent filing, searching for, pulling | | | | and medical coding accurately documents the true |
| charts and shuffling paper notes. Nursing home | | | | work of each encounter and avoids unintentional |
| software documentation with electronic medical | | | | downcoding or upcoding. Combined with easy |
| records eliminates staff time deciphering illegible | | | | ICD-9 code searches and suggested E&M |
| notes. Transforming how records are created | | | | codes, the EMR returns the proper |
| (transcription), stored and retrieved with EMR | | | | reimbursement for each visit or procedure. |
| software requires fewer staff to perform these | | | | Accurate coding speeds up the claims process |
| tasks. | | | | with fewer rejections and lower DAR. |
| Reduce malpractice insurance | | | | Economic electronic medical record stimulus |
| - Liability insurers increasingly recognize EMR as | | | | incentives |
| one important method of reducing liability and | | | | - EMR software cost has long been cited as a |
| exposure. Electronic drug regimen review | | | | major reason for slow physician adoption. With |
| improves safety by reducing medication errors. | | | | the signing of the EMR software HITECH Act the |
| Some offer significant discounts to those | | | | Obama administration has committed $20B to |
| physicians using an EMR. Improved documentation | | | | healthcare IT. Physicians showing meaningful use |
| increases accuracy, reduces medical errors and | | | | of a certified EMR may receive up to $64,000 in |
| record auditing with improved legibility, quality of | | | | payments. Conversely, physicians still not using an |
| patient care and safety. | | | | electronic medical record after 2015 will see their |
| Participate in pay-for-performance programs | | | | Medicare payments reduced by 1 percent with |
| - The old adage if you can not monitor it you can | | | | deeper cuts in subsequent years. |
| not manage it applies here. Pay-for-Performance | | | | |