Skyrocket Your Practice Revenue with an EHR Solution 

Skyrocket Your Practice Revenue with an EHR Solution 
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According to one recent study, nearly four out of every five office-based physicians had adopted a certified EHR platform as of 2021. At a bare minimum, they’ve become a way to keep records consistent and to empower better and faster communication among healthcare professionals. In a much larger sense, however, part of the reason they’ve become so popular is because they’re enabling practices to grow like never before.

In order for a healthcare practice to grow, it needs to do a few important things. First, it needs to get better at reaching out to potential patients. Next, it needs to focus on strengthening those relationships it already has with existing patients. It does this by improving the quality of care it can offer as much as possible. These goals don’t just take time – they take money as well, which is why practice revenue optimization is paramount.

Thankfully, the right EHR software can help accomplish all this and more. To tap into the full potential of these EHR Systems and leverage them to skyrocket your practice revenue, there are simply a few key things you’ll want to keep in mind.

The Power of EHR Software for Revenue Growth

If you want to start growing your practice’s revenue, you need to look at what you’re currently doing and identify opportunities to save money. Those funds can then be reinvested into the practice in a more strategic way, enabling the sustainable growth that you’re after.

To get an idea of just how much money the Affordable EHR/EMR Software can help your practice save, consider the amount commonly spent on something that most people don’t spend enough time focusing on: human error.

According to the World Health Organization, about 5% of adult patients in the U.S. experience some type of diagnostic error every year in an outpatient setting. Not only that, but these types of diagnostic errors make up roughly 10% of all deaths in the country. More often than not, diagnostic errors are the result of human error. An employee made an unfortunate mistake and the consequences in some cases were dire.

Another recent study indicated that medical errors alone cost roughly $20 billion annually. This is because they often require more steps to correct problems or to properly treat more issues, which equates to more expenses.

An EHR/EMR Software can change all that, however. By embracing modern-day tools like automation, an EHR becomes a viable way to streamline operations and increase efficiency as much as possible. That helps significantly reduce human error (since humans are no longer required for quite as much as they used to be), which helps improve the quality of care your practice can offer to patients as well. This directly contributes to not just cost savings, but an uptick in revenue.

Keep in mind that this is only talking about the revenue-related benefits you’ll get by reducing human error. When you also consider the other benefits that an EMR solution brings with it like better collaboration and revenue cycle management functionality, it becomes an opportunity far too important to overlook.

Choosing the Right EHR Software For Your Practice

Right EHR Software For Your Practice

If increasing practice revenue is one of the major reasons why you’re looking for an EHR platform in the first place, there are a number of core features that any solution you select must have. These include but are not limited to ones like:

  • Practice Management Tools: This includes the ability to let patients book their own appointments, automated appointment reminders, case management, authorization requests, and more.
  • E-prescribing functionality, otherwise known as eRx: Not only does it let you electronically prescribe medication but it can also show drug alerts, a patient’s complete medication history, and more.
  • Integrated Billing: Claims are automatically generated and submitted electronically. Patients have more flexibility when it comes to how they pay for their services, dramatically increasing the speed at which they are likely to do so.
  • Telemedicine: See more patients virtually through secure video conferencing, thus increasing the number of patients that can be seen in a day and the volume of services that you can charge for.
  • Patient Portal Systems: Just as an EHR acts as your practice’s “single source of truth” for your relationship with a patient, they too need a single location to go to in order to manage all aspects of their account.

So many of these features are all about improving the quality of the patient experience by any means necessary. The more you do that, the more your practice will grow – and your revenue will do the same.

With the right partner by your side, choosing the right integrated EHR solution could not be more straightforward. Contact the team at Bizmatics, Inc. today to discuss your practice’s needs in more detail.

Implementing EHR for Maximum ROI

To implement an EMR software with the goal of maximizing your own return on investment, you need to keep two key things in mind.

First, you have to find not a generic “one size fits all” solution, but one that is geared towards your exact specialty. Not all healthcare organizations are created in quite the same way, after all.  If you’re an OB-GYN, your workflow is entirely different from someone in pediatrics. If you’re running a family practice, your day-to-day looks dramatically different from that of an urgent care facility.

Your EHR solution needs to play to the strengths that make you unique, but it can’t if it was intended to somehow appeal to “all specialties” as opposed to including features that were optimized for yours.

You also want to make sure that your chosen EHR systems offers integration with a lot of the tools you’re already using, like any RCM systems your practice may have invested in. Integration helps to make sure that two platforms can communicate with one another, allowing information to flow freely. This helps again avoid issues like human error and data duplication and also empowers collaboration in a way that ultimately improves patient care.

Gear Up for a Thriving Future with PrognoCIS EHR

Since its inception, PrognoCIS EHR has been a tool designed with two primary goals in mind. Yes, it’s true that it helps to optimize your practice revenue as much as possible, allowing you to remain competitive in an increasingly crowded marketplace. But it does so in service of the most important goal of all: dramatically improving the patient experience.

By lowering overhead and increasing revenue, that money can be funneled back into other areas of the practice where it can have the maximum impact.

PrognoCIS EHR includes innovative tools designed to streamline revenue cycle management, for example. It helps guarantee that clean claims are always filed, reducing the frequency at which you’re dealing with frustrating (and costly) denied claims. Everything from medical credentialing to chronic care management and more is all included via a solution destined to become a “single source of truth” for your organization. It’s specialized software to help you organically scale your practice, exactly the way it should be.

Key Takeaways

  • Short for “Electronic Health Records,” an EHR platform is a solution designed to enable fast access to patient records for more effective medical care across the board.
  • The right EHR software can help your practice reduce the number of manual tasks that you and your employees are dealing with, which also helps to eliminate human error as well.
  • By design, EHR system s make it easy to securely store and share information, improving collaboration and increasing the overall quality of the patient experience.
  • By having everything under one roof, an Electronic health records software also helps to eliminate the need for duplicate tests and procedures, streamline healthcare administration, and more.

If you’d like to find out more information about the many different ways that an EHR Software can revolutionize your practice revenue, or if you’d just like to see what PrognoCIS EHR can do for you in person, please don’t hesitate to contact Bizmatics, Inc. today.

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