How do electronic health records help increase revenue?

How do Electronic Health Records help increase revenue

1. Traditional paper records are more susceptible to errors often resulting in lower billing. EHR software can increase revenues by facilitating accurate capturing of charges for all services rendered by health care organizations thereby avoiding lost revenues. Surveys and Data Analysis have proven that Electronic Health Records usage has significantly improved the accuracy levels of medical records.

2. EHR software allows healthcare companies to produce adequate supporting documentation that speeds up the reimbursement process and results in fewer rejected claims from insurance companies. Since the information provided is accurate the first time, it results in lower rejections overall.

3. Physicians earlier had to spend more time per case, first dictating, and then reviewing the transcript before signing. With Electronic Health Records, progress notes are automatically generated which can be signed electronically with no pulling or filing of charts. Further, there are no messy paper records to be maintained and the resultant saving of time and space is a significant gain for medical organizations.

Recommended reading: Why more physicians will adopt electronic health record

How does outsourcing of electronic health records help increase revenue?

1. Offshore outsourcing has cost & quality benefits. The entire back office can be responsibly carried out by experts in an offshore center. This gives the providers more space to focus on their core aspects.

2. Most of the vendors that provide outsourcing services already possess qualified and trained staff and well-developed infrastructure.  This saves time and money because medical organizations will not need to invest in developing new infrastructure and maintain additional employees.

3. Offshore outsourcing centers provide time-zone flexibility. They are available to work during US time zones and can deliver EHR cases in a very short turnaround time.

Is medical outsourcing secure?

Yes, especially because a number of offshore centers handling Electronic Health Records are now HIPAA compliant. The Health Insurance Portability and Accountability Act (HIPAA) was passed in 1998 to provide clear legal guidance for handling medical records. The HIPAA Act outlines privacy standards for those directly involved with the healthcare process in the USA and the industries that support them. HIPAA compliance is a stamp of security for Electronic Health Records management and you can rest assured your data is secure and in reliable hands.

Who should you outsource to?

Telegenisys INC is a premier offshore outsourcing services provider who has supported the American Insurance sector for nearly a decade with HIPAA compliant case management, back office, data entry and electronic health records collection assistance.

Click here to enquire about how you can benefit from a partnership with Telegenisys.

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