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To ensure you receive future Minutes, click this link. To ensure you don't, click here to opt out. August 27, 2010 |
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Taking your practice into the digital age: Part III: Making sense of Electronic Medical Records (EMRs) Unless you've been on a really long vacation, you know that the CMS issued the "Final Rules" clarifying meaningful use requirements and other details about qualifying for ARRA incentives for EMR implementation. In fact, if you follow the healthcare industry at all, you've been bombarded by articles discussing the requirements from every angle (follow the link for a list, just in case).
What are the real incentives?
1. A "Practice Differentiator" -- "If you look where patients are, you see they're living online." -Dr. Jeff Livingston, OB/GYN, Dr. in a Fort Worth, TX office that implemented a Patient Portal and employs other digital media to communicate with patients.
2. Reduced Costs of Doing Business = lower overhead = more profit -- Each of the technologies we've discussed in our series adds its own efficiencies, but none quite so much as the promise of Electronic Medical Records. Electronic Medical Records are more likely to be complete, less likely to be lost, easier to access, review, and search, and are more portable than paper records-they can be forwarded from your Dr. to a specialist, a local hospital or even a hospital overseas if needed. EMRs also open up the possibilities of other technologies that build significant efficiencies into the practice of medicine.
3. Direct government financial incentives[1] -- For example, in Kansas, care providers who demonstrate "meaningful use" of electronic health records and participate in the statewide Health Information Exchange are eligible for incentive payments of $44,000 in 2011 from Medicare or $63,750 from Medicaid. Those incentive figures are per provider, so a practice with three physicians and two other qualified medical practitioners would be eligible for up to $318,759. Just for the privilege of implementing a system that makes your practice more efficient and helps you provide a better experience for your patients.
"Meaningful Use" under Medicare and Medicaid Defined
Okay I'm in . . . Now how far behind am I?
Patients are also just starting to come around . . . According to a recent national medical records consumer survey conducted on behalf of the California Health Foundation, only about 7 percent of patients reported having accessed or received any type of electronic medical records (which was up from 2.7% in a similar 2008 survey), though 66% expressed at least some interest in doing so. In the same survey, 30% reported having searched online for information about a doctor-a good reason to at least update and make sure your website information is accurate and reflects your current practice.
Some Unanswered Questions . . .
Who "Owns" Your Medical Records? If insurers are going to maintain our medical records, they will need to do better at accuracy than they do now-how would you like it if 20% or more of your medical record was reported inaccurately?[2] If patients can modify their own records, then couldn't this information also be easily falsified? (In the previously mentioned consumer survey, a majority of respondents indicated that one of main reasons they would favor electronic records is because they could review and correct inaccuracies more easily.)
Ultimately, of course, medical records do belong to the individual patient, but as this information is more frequently shared among multiple providers and government bodies, and others questions about how the information may be used, which information belongs to the patient, which to the patient's doctors (lab results? pricing and payment information? past medical history? genetic profile?) and which to other entities will need to be more transparently addressed.
PBN Business Development, 800.288.4901, ____________ [1] To learn more or sign up for the program, read the program invitation letter at the Kansas Foundation for Medical Care website www.kfmc.org/rec/docs/RECPCPLtr.pdf. Similar programs are available in other Regional Extension Centers across the U.S. In Missouri, the program is administered by the University of Missouri. Visit the program’s website to learn more. www.assistancecenter.missouri.edu or sign up. The chart on this page of the national Healthcare Information Technology website lists programs in other areas around the country.
[2] http://www.ama-assn.org/ama/pub/news/news/2010-report-card.shtml. This is actually an improvement over the 2008 survey where the accuracy of claims was just 67 to 87 percent, although, according to the report, “The performance of insurers varied significantly by state, ranging from 58.6 to 96.9 percent.” All content © 2010 Physicians Business Network | 10950 Grandview Suite 200 Opt-in to subscribe. | Opt-out to unsubscribe. |
Inside the
Information Overload . . . On my way back from a seminar in Wichita KS to our office in Kansas City, I received by email my monthly "Washington Report" that I receive automatically as a member of the HBMA Board.
Contact PBN. We can help you get started.
Jud Neal, PBN President & CEO
Coming Next Month . . . . . . Digital Age: Part IV
Visit us online at the new PBNMed.com.
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