Practice Economics

As health care providers feel the economic squeeze, it is natural to look at reducing transcription costs. No one wants to spend money unnecessarily.

We work with clients to find opportunities to improve your bottom line, both by adding revenue and by reducing total documentation costs.

MD-IT consultants can help you explore these ideas:

Improving Revenue

 
  • Provide your billing service with online access to notes to speed claims
     
  • Use data tagging to flag notes for E&M and procedure coding
     
  • Use data tagging to qualify for PQRI payment incentives (due Jan 2010)
     
  • Provide patients with electronic copies of their notes (required for meaningful use)
     
  • Preserve billable patient care time by dictating (vs direct entry) of EMR notes
      

Reducing Costs

   
  • Use auto-distribution of documents to cut time and expense of copying, faxing, printing and mailing
     
  • Create an EMR interface to eliminate staff time spent cutting and pasting notes
     
  • Create a schedule interface to eliminate staff time spent hunting down patient info
     
  • Use front-end speech recognition as a complement or replacement for dictation

 

If you are looking for a low cost typing company, we are not the right partner for you (but we can recommend some reputable services that use offshore labor to keep costs low). 

If you are looking for a partner that can help you create the most efficient documentation system, including costs for physician time, staff time, and other expenses, then MD-IT is the right company for you.

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