cost-cutting benefits of ehr

Cost-Cutting Practices Include the Integration of EHRs

Electronic health records (EHRs) have undeniably revolutionized the healthcare industry. Studies have shown the use of these digital records is improving the quality of care physicians are providing to patients and it’s also bringing about cost-cutting advantages on a two-fold basis.

It takes the ability to seamlessly integrate EHRs into a medical practice’s overall operations in order to achieve this type of two-fold benefit.

For now, let’s take a quick look at five ways cost-cutting practices include the integration of EHRs.

Reduce the cost of transcription services

Before EHRs were implemented in medical facilities, documentation was performed on a manual basis, which took up a large amount of time and increased labor and wages. With EHRs, documentation of patients’ visits to the doctor are automatically stored in a virtual manner both during and after the office visit is over. Many medical offices have found they no longer need to spend money on paying a transcriptionist because all of the documentation can be performed seamlessly and automatically with other daily operations.

Reduce expenses related to chart pulling and storage

Before EHRs, a considerable amount of time was spent on pulling charts and looking for lab results. This decreased the number of patients physicians were able to see on a daily basis and it also increased the amount of time patients had to spend at a doctor’s appointment. EHRs have revolutionized chart pulling and storage issues by streamlining access to valuable patient data. Not only do they make it simple to access patient data, but they provide physicians with a virtual storage space, meaning there is no a longer a need to dedicate a large portion of the medical office space to storing charts. In fact, many medical offices have found they can downsize their office space thanks to digital records; this has decreased their utility expenses because they no longer have to operate out of such large offices.

Enhance the documentation of patient records

Before EHRs, it was not uncommon for patient records to become lost due to the unintentional misplacement of paperwork. Whether it be a front office mistake or an error at the fault of the physician who documented the patient’s visit, lost records lower the quality of care patients receive and they make it difficult to communicate with insurance companies who require proof of office visits. EHRs, however, simplify the documentation of patient records and ensure each and every patient who is seen by the physician is digitally recorded in the EHR system.

Provide better disease management

EHRs make it simple for physicians to communicate with one another and it simplifies being able to generate reports for disease management purposes. Society has seen a great improvement in disease management since the use of EHRs has been mandated.

Decrease medical errors

Physicians need access to accurate information — lab results, prior medical procedures, etc. — to deliver accurate diagnoses and to make proper treatment recommendations. With EHRs, this pertinent data is literally at the fingertips of physicians and it can be accessed on an as-needed basis. Instead of having to dig through paper charts, physicians can easily search for the information they are looking for and make informed decisions in a matter of seconds. And since they are able to access the correct information the first time around, redundancy issues are greatly decreased, meaning patients are no longer having to pay for unnecessary labs and procedures that have already been performed.

To learn more about the cost-cutting benefits of integrating EHRs, contact Exscribe today.