MEDICAL SOFTWARE

The financial incentives put in place by the American Recovery and Reinvestment Act of 2009 (the stimulus package) were designed to offset the costs physicians incurred by transitioning to electronic medical records.

This bonus is “nothing” compared to the impact new medical records software can have on the bottom line of any primary care practice.

Medical Source can show you how to elevate the role of EMR software from passively collecting information to actively managing the transition to evidence based practices and significantly improved profitability.

The Side Benefits of EMR

EMR software enables you to manage patient flow, immediately access patient records in-house or remotely, electronically communicate with referring physicians and securely send consult notes and clinical data.

EMR software allows you to easily review and complete patient histories, past visits, current medications, allergies, labs and diagnostic tests.

Practice Management Software

Practice Management Software should integrate patient registration, scheduling, billing, and real-time transactions (for eligibility, referrals, pre-certifications, and claims reporting.)

Of the greater than four billion healthcare claims filed last year in the United States, as many as 30% required time-consuming re-submission and phone calls between providers, patients and health care insurers.

Medical Source can help you employ software that helps alleviate claim and referral submission errors, accelerate the revenue cycle, improve co-pay and deductible collections, and eliminate repetition in key day-to-day administrative tasks.

The end result will be a shorter billing cycle, reduced costs, and significantly improved cash flow.

NOTE: The American Recovery and Reinvestment Act of 2009, signed into law on February 17, 2009 provides between $44,000 and $64,000 over five years, beginning in 2010, to any physician who deploys and uses a certified Electronic Health Record (EHR) to improve the quality and cost-effectiveness of patient care. Physicians who have not adopted a certified EHR by 2014, will have their Medicare reimbursements reduced by up to 3 percent beginning in 2015.