Cost Justification
Although most practices only consider hard dollars when determining the cost-effectiveness of a medical computer, it is the intangible benefits that they enjoy most, once the system is installed and working.
TANGIBLE BENEFITS
Increased Revenue:
- Quicker payment from electronic insurance filing
- Automatic secondary carrier billing
- Centralized pricing eliminates billing errors
- Reduced lost charges resulting from better control
- Improved cash flow from reduced collection cycle
- More revenue due to correct billing procedures
- Additional time for collections to increase revenue
- Higher profits from controlling clerical costs
Cost Displacement:
- Elimination of a billing service
- Reduced clerical costs, and collection agency costs
Cost Avoidance:
- Practice growth without adding clerical staff
INTANGIBLE BENEFITS
Better Management:
- Access to medical information for better patient care
- More informed planning for future requirements
- Patient recall avoiding abandonment liability
Improved Practice Image:
- Professional looking statements
- Accurate statements and insurance information
- Faster response to patient billing inquiries
Great Operations Efficiency:
- Centralized information in computer system
- Faster information access from multiple workstations
- Elimination of lost patient information
ChartMaker Entry Point and ChartMaker Clinical transfer existing paper charts into an electronic format while providing automated reminders, e-prescribing and electronic lab results. This template-driven system is designed to produce detailed, legible patient charts which can be securely accessed from a remote location.
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