September 10, 2022
As a practice owner, if you are looking to provide top-quality care and simultaneously knock the burden off your shoulders, the right solution is to implement electronic health records (EHR) software. This software provides accurate and real-time patient data to help providers make timely decisions.
Measuring success in terms of EHR implementation is always associated with clinical, revenue, and organizational goals. Therefore, it is not an easy task to measure it correctly but below are a few signs that can help you in determining if you have selected the right platform:
Patients engaged during the whole process of getting medical care show better results on various health metrics. The best thing about this process is that it can easily be measured by the number of contacts a patient makes with the person concerned. Another way is to track down the activity of the patient on the patient portal to access medical records.
Long waiting time is directly associated with poor administration and workflow, due to which the clinical and administrative staff face many issues in processing patients timely. The practice is going in the right direction when you see that the waiting time has not surpassed a certain level, even during peak hours.
To measure the success of an EHR, it is recommended to know how well patients are engaging not only with preventive health interventions but also on fundamental health indicators.
Care coordination is mandatory as the ability to share records electronically is the future of healthcare. It can be achieved by investing in top-notch technologies such as practice management solution and electronic health records.
Revenue generation is the fuel of your practice, and with EHR implementation, the practices can quickly achieve their business goals. ROI can show how successful the implementation of an EHR is and what financial benefit your organization is getting.
By setting the right benchmarks, the practices can track down the progress their organization is making after implementing the latest technologies.
It is undoubtedly a red flag if the staff needs help from the payer portals to verify eligibility, claim status, and other required information. Getting help from the websites and payers while verifying is not the right approach. It takes a lot of time and affects the whole workflow. For this purpose, you need a vendor to deliver quality services without hassle.
The team jumping back and forth from one system to another to perform tasks will result in extra work and affect productivity. For this purpose, you need to have an optimized workflow between the systems, and this can be done with the help of the right partner who can create the right stream of communications.
Getting collections moving is the fuel of your practice. For a steady revenue cycle, you need to know about the hurdles in the revenue process and must have a clear solution on how to get things done. A successful practice has more visibility behind the scenes, which helps identify potential revenue bottlenecks.
To stay ahead of competitors, practices must eliminate manual checks for payer requirements. If practices rely on manual tasks, it not only sets them back but also drastically affects the revenue cycle. A cloud-based EHR solution will help organizations stay ahead and help them in getting revenue targets.
Practices need to take a look at the denial rates as they can quickly dig a hole into your pocket. To deal with these issues efficiently, the practices must have the right tools. Contacting a reputed vendor can ease this situation without any hassle.
In this guide, we have provided an overview of the signs you need to take a look at to track down the red flags on your EHR and PM investment. These key indicators will help you make the right decision promptly so you will have no issues. All these signs will tell you the right time to move forward with the best electronic health records software for your practice.