When you send prescriptions directly to the pharmacy, your patients can no longer lose their prescriptions. A 2017 report showed that medical operating costs grew by 7.5% in one year. Yet the annual operating revenue grew by only 6.6%.

Increased operating costs are in part due to complex medical billing. Not to mention salaries for multiple administrative employees.

You can reduce administrative costs by switching to electronic health records. Read on to learn all the benefits of electronic health records for your practice.

Less Administrative Time

The cost and time of administrative duties in healthcare are staggering. Healthcare staff spend a big part of their day filling out and processing patient forms.

One of the advantages of electronic medical records is that they streamline several processes.

Having EHR means that staff will spend less time looking for records. Instead, with just a few clicks, the patient’s file is readily available.

As a result of paperless records, your office will need less storage space and will no longer have boxes and boxes of files taking up space.

Improved Efficiency and Productivity

Electronic health records are more efficient than paper copies because you no longer have to fill out the same paperwork at each visit.

Even when a patient sees a specialist or new medical provider, the patient’s history is at his or her fingertips. There is no delay in waiting for another clinic to fax or mail records.

Electronic health records also prevents unnecessary testing and imaging. This includes which diagnostic tests the patient has had in the past are the results of those tests.

Around 31% of the United States $2.3 trillion dollar healthcare budget goes towards administration. Though your practice’s bill may not reach the trillions, over 30% is a large cost. This can be lowered with the help of EHR.

As a result, health care providers can better work together in the best interest of the patient. This not only leads to improved efficiency but also to improved management of chronic conditions.

Electronic health records provide various automated tools that streamline the process. This includes automated insurance claim forms and coding.

These features save a lot of time and improve efficiency.

Less Missing Information

It’s not uncommon for doctors to have to re-order tests because the results are not in a patient’s chart.

A recent study found that up to 25% of the time, some necessary information is missing from a patient’s chart. Missing information has productivity and financial implications. And it also is a concern as far as patient safety and confidentiality.

You can find more information about the scalability and customization of an EHR provider on www.medinformatix.com.

Better Quality of Care

Electronic health records let you provide the best quality of care to your patients. Electronic records ensure that you review up-to-date, complete and accurate patient information.

You can send the patient’s health data to other medical professionals and specialists in real-time. And not just a quick overview either. All physicians will have full access to the patient’s medical history.

Full access means a better evaluation and the ability to reach an accurate diagnosis more quickly.

Using paperless medical records reduces human error. No longer will pharmacists misread paper prescriptions. Unclear abbreviations and decimal point placement can be avoided by using electronic records.

This could mean quicker wait times for patients as well as reduced workload for pharmacists.

Also, electronic prescriptions automatically look for dangerous drug interactions. This provides another layer of protection and safety for your patients.

Better Communication

Improved communication with insurance providers, health care providers, and pharmacies is a byproduct of EHR.

All your communications are fast and also trackable. This reduces the amount of follow-up your staff has to do as well as eliminates lost messages.

Ability to Order Sets

One of the benefits of electronic health records is that you can create an order set. This saves time because physicians don’t need to enter each keystroke.

For example, users are able to create an order set for pneumonia that lists the antibiotic, oxygen, repeat chest x-ray, and so on.

The order sets can follow the clinical practice guidelines. That way, all staff are on the same page and offering the best care.

Reduce Your Carbon Footprint

The cost of paper records in a medical clinic is significant. Each year, our planet produces more than 300 million tons of paper. And most of that paper is used for copier paper, computer printouts, and notepads.

You can reduce your office’s carbon footprint by switching to electronic health records.

Financial Incentives

There are various costs to migrate to electronic health record system. Such as employee training for the new software, and getting new equipment. You may also need to hire personnel to put the new system in place.

And if the increased efficiency and productivity aren’t enough, consider the financial incentives.

Both the Medicare EHR Incentive Program and the Medicaid EHR Incentive Program allow providers to earn incentives.

Bottom Line on Benefits of Electronic Health Records

We hope this list of benefits of electronic health records has helped you see the many reasons why it is a good decision to make the switch.

Remember, the future is coming. Soon paper records will be obsolete.

Your patients and third-parties will expect you to stay current and use electronic health records. It’s generally better to make the change sooner rather than later.

Before you go, check out this guide on different scrub colors for your medical staff.

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Why Launching a Startup is The Best Thing You Can do With Your Life

After a C-level career in finance I decided to launch my own start-up. I was happy working in the city of London, the environment in the company was great, the owners were just yet inspiring. Nonetheless, somehow it was never enough and I dreamed of something more.

Two reasons why you should stop working for someone else

In March 2014 I decided to quit and start on my own. I didn’t know what I was going to do or which direction to go, but I felt it was a rational decision I will not regret. My main reasons for quitting were simple.

#1 it is hard to achieve high financial goals

I realised that no matter how much I loved all the corporate life and the available resources I wasn’t getting closer to my personal financial goals. Successful companies are reluctant to make late comers equal no matter the time and effort they put in.

Even when the results are above all expectations the owners will still attribute it to the company’s generic growth. It’s very unlikely that you’ll become a multimillionaire working for someone else.

#2 It’s hard to feel complete

I always compared myself to other people in the organisation, as a matter of fact that is what all of us are doing when we are working for someone else. We compare ourselves to the people inside and outside the firm.

No matter how much I put in I always felt that I could do more. Nonetheless, I didn’t see good reasons to work an 18-hour day if I will not be made equal. Don’t get me wrong I worked very hard, but I wasn’t “all-in”.

Four reasons to start on your own

It might be hard to find the right idea at the start. Most of my ideas were crazy or stupid, or both. Some of them didn’t make any sense. Until one day… I was back in the UK looking for a horse riding weekend trip in Surrey.

It took me two hours precisely to find what I was looking for. Let it sink in. With an average pay of £500 an hour I hypothetically spent £1000 doing a “monkey search” through Google.

That’s how ActivityFan – the activity booking marketplace was born. As soon as I started working on my own start-up I realized that I will never be able to go back to working for someone else and here is why.

The challenge is real

No matter how challenging your current job is having a start-up will always be much more challenging. It’s green field and you have to build everything from the start. You will not be stuck in routine ever again. It’s requires enormous amount of effort to even get your project of the ground.

If you’ll decide to self-fund you will feel the pressure of having to get rolling before you become flat broke. Trust me it’s the most motivating kick on the backside you can experience. If you ever felt like: “I don’t feel like working today” it will never happen again.

It boosts your creativity

Limited resources will force you to focus on the most effective ways of achieving results. No matter if we are talking about marketing or simply getting things done, you’ll learn to think outside of the box.

It takes up all your time and you don’t mind

When you have a start-up there is no difference between work time and free time. As a matter of fact, all of your free time becomes your work time and all your work time becomes your free time. You’ll enjoy every day. At time it might be hard, but the satisfaction of moving forward outweighs all the tiredness.

You love it with all your heart

You might have heard people saying: “having a start-up is like having a baby” and it’s completely true. The only thing you can talk of is your start up, the only thing you think of is your start-up and you love it with all your heart. It defines you and makes you complete, every success story is your personal success and every failure simply motivates you to keep on going.

Launching a startup is the best thing you can do with your life, but are you ready for the challenge?

This post was written by Elina Pedersen. Elina is a traveller (over 60 countries) and the founder of Activity Fan  – the activity booking marketplace. Elina was born in Estonia, but she lived in Netherlands, Australia, and USA. Elina currently resides in UK. Her main goal is to help people find their next big adventure, as well as to support small-local businesses worldwide.

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