Financial Benefits Advantages of Electronic Medical Records,

If the 2 hours saved each day using HITECH-MD and electronic medical records to document visits is converted into more visits, you can see an additional 6 to 7 patients per day. Before managed care became so intrusive, you could net approximately 6 to 7 patients per day.

Before managed care became so intrusive, you could net approximately $ 200 per hour for your efforts. Even with managed care, you should be able to average $ 50.00 per patient visit.

       Average time saved in documenting a visit using HITECH 5 Minutes

Average physician appointments per day                                            25
Total minutes saved per day ( 25 visits x 5 minutes)                       2 Hours
Total Hours saved per year ( 240 days x 2 hours)                             480
Total Weeks of Work saved ( 480 hrs./40hrs/wk)                         12 Weeks

                          Return on Investment from Time Savings

Additional Patient Visits per day                                                        6.5
Total days worked in 12 month period
( 5 days/week/ x 48 weeks)                                                                  240
Additional patient visits per year
( 6.5 visits x 240 days )                                                                      1,560
1,560 visits x $50.00 per visit

Total Return on Investment for first year                                $ 78,000

The advantages of electronic medical records and physician practice software do not only pertain to immediate cash savings, including
Medical Practice Management software. Some advantages of electronic medical records include the accurate transmission of documents to radiology and labs. The medical practice management software advantage is that it provides the management team of the medical practice with reduced labor costs because of the accurate billing. The medical billing software within the physician practice software submits billing and medical coding that is more accurate than conventional human inclusion.

Because of the advantages of electronic medical records, medical practice management software and the correlation between the medical practice software and physician practice software, the doctor involved can enjoy free time that he would not otherwise have.

The e-scribing portion is also an advantage of medical practice management software. The prescriptions are transmitted electronically directly to the pharmacies. One of the most important aspect of the medical billing software is that it provides the medical practice management software with almost 100% accurate billing .The physician practice software is also compliant with the Obama stimulus program.

The specific description of advantages of electronic medical records, medical practice software, medical billing software and physician practice software can be measured by the exclusivity of the use of the electronic medical records which will provide advantages of electronic medical records which is included in the medical practice management software in conjunction with the medical billing software which is included in the physician practice software.

Submitting insurance claims electronically is a direct advantage of electronic medical records, medical practices software, the medical billing software that is included in the physician practice software.

The accurate billing feature is a direct advantage of the advantages of electronic medical records, medical practice software, and the medical billing software that is also included in the physician practice software.

Another cost -saving result of the advantages of electronic medical records, medical practice software and the medical billing software is the reduction of office space presently being used by medical practices that do not employ physician practice software that provides the advantages of medical practice management software. It is very difficult to specialize in one aspect of the advantages of electronic medical records. The medical practice management software comprises of medical billing software which provides an enormous amount of advantages electronic medical records, which to not be overlooked is the medical billing software that is included in the physician practice software.

The advantages pertaining to electronic medical records including the medical practice management software are more accuracy and a more efficient medical practice, especially if the medical practice is utilizing medical practice management software while using medical billing software and physician practice software.

Advantages of Electronic Medical Records Software

medical practice management software

Advantages of electronic medical records,

Advantages of Electronic Medical Records Software

Advantages of Medical Practice Management Software

Advantages or Electronic Health Records

Medical Practice Management Software

Medical Billing Software

Medical Practice management Software

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" For the physician practices studied, the financial benefits averaged $33,000 per physician per year. These savings came from two main sources: increased coding levels that led to improved billing, and greater efficiency from a decrease in personnel costs. All practices reported some savings, ranging from $1,000 to $42,500 per physician (or nurse practitioner) per year."

"Almost all providers used electronic health records for common tasks, including prescribing, viewing, within-practice messaging, and billing. Few practices used them for quality improvement, performance reporting, or patient–provider communication."
Source: The Value of Electronic Health Records in Solo or Small Group Practices
Authors: Robert H. Miller, Ph.D., Christopher West, Tiffany Martin Brown et al.