MGMA: Practice Revenue Increases with EHRs
"Adopting an electronic system can be costly and time consuming, and understanding the impact it will have on the practice is critical," said William F. Jessee, MD, FACMPE, CEO of MGMA in a statement. "While the implementation process can be very cumbersome, these data indicate that there are financial benefits to practices that implement an EHR system."
While IT staffing per FTE physician increased moderately after five years with an EHR (0.13 to 0.15), practices were able to reduce medical records and transcription staff by 44 percent, resulting in significant savings on labor.
Although increasing numbers of practices are looking to automate their medical records in light of financial incentives from Medicare under the federal stimulus package, proving "meaningful use" of the technology—a requirement for practices to receive up to $44,000 in funding to help offset EHR implementation costs—still presents a challenge for many medical groups, according to Jessee.
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