EHRs can be used to boost practice revenue

EHRs can be used to boost practice revenue

(HealthDay)—Practices can achieve return on investment (ROI) for implementation of electronic health record (EHR) systems if they participate in alternative delivery models, according to an article published May 8 in Medical Economics.

According to the author of the article, Ken Terry, relying on increased gained from EHR implementation is not being realized. However, having an EHR enables participation in alternative delivery models. An EHR is necessary in accountable care organizations (ACOs) because the Centers for Medicare & Medicaid Services factors the percentage of ACO members who have achieved meaningful use into its bonus calculations, and some of the quality measures in the shared savings program require clinical data that are easier to collect with EHRs. These Medicare Shared Savings Program bonuses will likely help practices realize ROI. Additionally, insurers incentivize patient-centered medical homes, and pay-for-performance programs pay quality bonuses.

Terry notes that, whether participating in these alternative delivery models or not, it is necessary to change practice processes to capitalize on the advantages of EHR technology.

"We're succeeding despite the challenges that we have with getting any data out of our EHRs," said Simon Prince, M.D., a nephrologist based in Manhasset, N.Y., according to the Medical Economics article. "We find that the ROI from that perspective is limited for now, but the potential is there."

More information: More Information

add to favorites email to friend print save as pdf

Related Stories

EHR systems meeting meaningful use criteria beneficial

Sep 18, 2013

(HealthDay)—Most electronic health record (EHR) systems meet meaningful use criteria, and these systems are associated with time-saving and other benefits, according to a September data brief published ...

Recommended for you

Study reveals state of crisis in Canadian foster care system

8 hours ago

A new study of foster care in Canada led by a researcher at Western University reveals a shrinking number of foster care providers are available across the country to care for a growing number of children with increasingly ...

Researchers prove the benefits of persimmons for diet

10 hours ago

Alba Mir and Ana Domingo, researchers from the Department of Analytical Chemistry of the University of Valencia, under the supervision of professors Miguel de la Guardia and Maria Luisa Cervera, from the same department, ...

Hand blenders used for cooking can emit persistent chemicals

10 hours ago

Eight out of twelve tested models of hand blenders are leaking chlorinated paraffins when used according to the suppliers' instructions. This is revealed in a report from Stockholm University where researchers analyzed a ...

User comments