Traditionally, medical billing and practice management has been a frustrating and time-consuming reality of the clinical practice. Providers were wasting a significant amount of resources due to the massive amount of paperwork then required for medical billing, and further, manually managing the administrative tasks of their practice. No doubt, the use of practice management technologies and EHR has significantly reduced these efforts by helping providers to streamline the workflow of their practice.
The healthcare industry is going through a transformation phase (thanks to rapidly growing healthcare technologies) so providers are now looking for more sophisticated and efficient systems to manage their whole practice from a single platform. They want integrated systems to manage every operation of their practice in order to save them from swiping between their EHR and practice management system. According to a recent research report, 89% of doctors said that integration is their core need and it dominates their decision-making process when it comes to choosing a management system for their practice.
The integration of electronic health records & medical billing is a change that comes with numerous benefits. Here we’ll discuss the top 5 benefits of an integrated EHR & billing system. We’ll also review how they can transform a practice of any size and why doctors should choose such systems.
Top 5 Benefits of an Integrated EHR & Billing System
Reduced Data Entry
Entering data into an electronic system manually can be a frustrating and time-consuming job. Integration of EHR and medical billing cuts this work by half. When they are fully integrated, you do not need to double enter the data of your patient in the electronic health record and billing system. Once the patient data is uploaded, you can seamlessly access or transfer it between your systems in order to reduce the administrative burden and improve work efficiency. Practices that use outsourced medical billing services should consider using an integrated electronic health records in order to reduce the number of faxes sent as well as data entry hassles which will result in both time spent and money savings.
Higher Reimbursement Rate
You can improve the first pass claim rate by using an integrated EHR & medical billing system. Your staff won’t have to enter patient demographics or personal information twice. This will reduce the burden of data entry and potential typo mistakes in order to improve the first pass claim ratio.
One Central Management Solution
An integrated EHR & medical billing solution will fulfill all your practice management needs. You have no need to swipe between different software programs for different features because this integrated system empowers you with a single interface to meet your daily practice management requirements that improve the workflow and patient care.
An integrated electronic health records & billing system improves the communication between the internal systems of your practice and creates a smooth channel for the flow of information between your practice management system and EHR. You can fetch or swipe information between all the integrated systems in order to reduce data entry troubles and risk of human error.
An integrated EHR and medical billing system empowers you with a transparent workflow. You can easily track the total number of patients, submitted claims, paid claims, non-paid claims, non-submitted claims, and other receivables at a single place. This transparent workflow helps you to easily identify the areas that require immediate attention.