An article on Medical Business Resources points out the potential pitfalls of dropping an insurance plan without doing your homework. They cite a report by the Medical Group Management Association that found more practices were renegotiating or eliminating low-paying insurance plans this year than last – 56% compared to 50%. Most physicians probably make these […]
Medical Practice Technology Trends
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According to a study from Harvard University, physicians who use electronic medical records systems may be less likely to be sued. “When providers use electronic records in the outpatient setting, the likelihood of a paid malpractice settlement was about two-thirds as high,” said one of the lead authors, David Westfall Bates, MD, professor of medicine […]
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One of the most common questions we get is, “How to we qualify for the financial incentives for EMR implementation?” Even so, we would think this should be everyone’s number one question. After all, the costs of both the EMR software and the associated hardware are not insignificant. Who is going to pay for all […]
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Follow the 5 Ps: Purpose, People, Planning, Purchase, and Plunge A physician friend of mine has decided to move forward with the implementation of EMR in his practice but has the same question that many physicians do: “where do I even get started?” There are many resources available out there, especially the internet, regarding EMR […]
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As the time approaches when potential financial incentives for the widespread use of electronic medical records (EMR) finally kick in, there is increasing excitement and anxiety among medical practices. Unfortunately, there is also a lot of confusion. What is the difference between the financial incentives from the Stimulus Bill and bonuses from ePrescribing or those […]