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Most of my content pertaining to the subject of EMR and Practice Management implementation is concerned with better healthcare quality and improved care provision. Physicians and health IT consultants alike agree with the idea that EMRs are primarily implemented to provide quality affordable healthcare. That being said they cannot deny that Practice Management is an effective means of increasing the profitability of a practice as a business as well. Various studies suggest that as a result of the implementation of health IT applications; healthcare providers have witnessed a significant rise in practice earnings.
There are numerous reasons why practice management software and EMRs have enabled clinicians to increase their practice revenue. On one hand many practitioners attribute the diminished monetary costs with the abolishment of traditional methodologies of practice. Then there is the other group of physicians which considers the amount of time saved due to expedited processes to be the core benefit. Regardless, the crux of the matter is that EMRs and Practice Management systems save both time and money. It is commonplace nowadays to hear practitioners across the nation applaud health IT for saving time so they remain more focused on patient care rather than being consumed in the monotonous documentation processes.
A New York based physician comments on the subject saying, "Practice management and EMR doesn't only streamlines both your administrative and clinical operations, but saves you considerable time allowing you to examine a greater number of patients. Your practice therefore as a result becomes patient centric rather than business centric. The best part is that since you see more patients in shorter amount of time, your practice automatically becomes more profitable."
Most of us are familiar with the concept that in order to achieve greater profits, we either cut down costs or rake in greater revenues. Subsequently, the natural question which arises is how the implementation of this technology and automating practice operations result in the aforementioned techniques being applied to improve profitability? Firstly, the former is achieved through reducing costs in the form of elimination of paper and paper maintenance cost; superfluous calls made to patients and other members of the care continuum. Secondly, the latter allows physicians to give more time to patients, thereby increasing revenue.
It didn't take a lot of time to grasp that, along with providing quality care, increased practice revenue is also a byproduct of efficient workflow management. It was a welcome sign to witness quality care and better financials for the practice simultaneously. Conveniently, implementing technological solutions such as EMR and practice management has helped achieve these goals accordingly.
There are numerous reasons why practice management software and EMRs have enabled clinicians to increase their practice revenue. On one hand many practitioners attribute the diminished monetary costs with the abolishment of traditional methodologies of practice. Then there is the other group of physicians which considers the amount of time saved due to expedited processes to be the core benefit. Regardless, the crux of the matter is that EMRs and Practice Management systems save both time and money. It is commonplace nowadays to hear practitioners across the nation applaud health IT for saving time so they remain more focused on patient care rather than being consumed in the monotonous documentation processes.
A New York based physician comments on the subject saying, "Practice management and EMR doesn't only streamlines both your administrative and clinical operations, but saves you considerable time allowing you to examine a greater number of patients. Your practice therefore as a result becomes patient centric rather than business centric. The best part is that since you see more patients in shorter amount of time, your practice automatically becomes more profitable."
Most of us are familiar with the concept that in order to achieve greater profits, we either cut down costs or rake in greater revenues. Subsequently, the natural question which arises is how the implementation of this technology and automating practice operations result in the aforementioned techniques being applied to improve profitability? Firstly, the former is achieved through reducing costs in the form of elimination of paper and paper maintenance cost; superfluous calls made to patients and other members of the care continuum. Secondly, the latter allows physicians to give more time to patients, thereby increasing revenue.
It didn't take a lot of time to grasp that, along with providing quality care, increased practice revenue is also a byproduct of efficient workflow management. It was a welcome sign to witness quality care and better financials for the practice simultaneously. Conveniently, implementing technological solutions such as EMR and practice management has helped achieve these goals accordingly.
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