Electronic health records are supposed to simplify the everyday workflow of healthcare organizations and improve interoperability. Patient information that were previously stored as paper files and next to impossible to transmit across different care settings could now be shared securely. To make a good thing better EHR vendors offer medical billing services to streamline and automate a resource-intensive process. As with all bundled solutions adopters of EHR billing services feel shortchanged.
The straight-out-of-a-soup can templates, extensive navigation and endless workarounds, have left providers frustrated.
EHRs are expensive. From implementation to ongoing maintenance the costs of partnering with an EHR vendor are high. This impacts the bottomline of hospitals as the cost-to-collect increases exponentially. EHR systems are also prone to overbilling as some software suggest elevated billing codes that can leave healthcare organizations vulnerable to fraud and abuse charges.
Also, cloning of patient records is a frequent issue that can result in fraudulent billing practices. The high percentage charged by EHR vendors do not translate into improved financial outcomes for healthcare organizations.
Partnering with a medical billing service provider enhances financial outcomes. The cost-to-collect is relatively low and provider organizations gain access to best-in-class technology and expertise. It increases efficiency and addresses staffing shortages. A billing partner also offers the cost and time advantage of working in different geographies and time zones.
SolvEdge offers the technology and expertise needed for healthcare organizations to succeed and gain headway in a competitive space. We offer specialty-focused revenue cycle management services that meet you where you are scale to where you want to be. Our billing teams work with all EHRs/PMS.
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