Cardiology practice proves that electronic medical records do raise revenue - Medical Records
Categories: Medical RecordDiscover the wide array of benefits and cost savings that accrued when a Charlotte, N.C. cardiology clinic implemented electronic medical records.
If you don’t think electronic medical records can save money and improve performance for your practice, talk to Stephen McAdams, MD.
McAdams, CEO of Mid-Carolina Cardiology in Charlotte, N.C., convinced all 25 physicians in the practice to use electronic medical records (EMR) and says the results are impressive. EMR raised revenue, lowered overhead costs and improved quality and patient satisfaction.
He had previous experience with an EMR and when he interviewed for the CEO position in 1999, he wound up giving a PowerPoint presentation to every doctor saying, “This is where your practice is. This is what I think I can do for you.”
The first year of EMR, “we raised revenue by 35 percent. Our overhead went from 62 percent to 46 percent because the practice became more efficient in every aspect from checking in patients to seating them in the rooms,” McAdams says.
The EMR system, developed by Gateway Electronic Medical Management Systems, tracks all the patients’ movements: when they check in, how long they sit in the waiting room, when they go into the exam room, how long they are with the doctor, the total time of the visit. Mid-Carolina sees about 45,000 office patients each year.
“When physicians see how their data compares with others, it inspires all of them to be more efficient,’ McAdams says. The system is integrated with the billing system, scheduling, prescription writing, doctor visits and hospital encounters.
Benefits of EMR
McAdams says EMR brings many benefits to his group including:
Proper billing
With EMR, the doctors don’t have to remember all the ICD9 codes to do the billing, he says. They use a pointer to click on terms they know–atrial fibrillationchronic, angina-stable, hyperlipidemia–and that links automatically with the ICD9 codes so the bill is generated and the level of service is actually suggested by the computer.
“The screen says, ‘It looks like you did a level 3. If you think you did a level 4, you better go back and find out what you missed,”‘ McAdams explains. “It is always calculating where you are in the medical decision-making process. When the doc is done and the patient is escorted out to the front, the super bill is in the computer.”