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April 24, 2009Making the transition to an electronic medical record (EMR) is a major undertaking for any clinic. It involves an expenditure of both human and financial capital, and also requires a fundamental change in the way that a clinic conducts itself. This raises a very simple but profoundly important question: does it make sense from a business perspective?
There is strong evidence to suggest that making the transition to an EMR is one of the most intelligent business decisions that a practice can make. The basis of our argument is derived primarily from the experience of Physician Micro Systems’ customers who use Practice Partner® Patient Records. Determining whether an electronic medical record makes sense in a medical office is not strictly a numbers game. It is a function not only of finance, but also of the quality of services provided and the effect it will have on the clinical and administrative staff.
We will look at four specific categories within a medical office where an EMR can make a significant difference, and within each category we will provide concrete examples of benefits realized by clinics across the country. Each example has either top line (=increased revenue) or bottom line (=increased profitability) implications for the clinic. Keep in mind that the EMR is a tool with a broad set of features and capabilities that are optimized when the clinic is able to fully transition to the electronic chart (as opposed to running dual paper and electronic systems).
The categories are as follows:
- Cost Reduction
- Revenue Enhancement
- Improved Administrative Efficiency
- Improved Clinical Efficiency, Patient Care, and Service
Read the rest of the white paper: “The Dollars and Sense of Electronic Medical Records: The bottom line case for an EMR.”
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Thanks for the information.