The functions and advantages of using EHRs are well documented. In fact, practices that implement EHR systems see an ROI in 2.5 years, then gain $23,000 in net benefits per full-time employee each following year. With these substantial gains, it’s hard to believe that we are only scraping the surface of what EHRs have to offer.
To drive as much value from your EHR as possible, you must view it as the engine behind your organization’s digital transformation. In other words, the data your EHR provides should be at the center of other digital projects.
The question is, what digital projects should you prioritize? There are many options, but we’ve chosen three that are likely to have a positive impact on your bottom line: integration of EHR data with the supply chain, a patient portal that engages consumers, and integration of EHR data in medical billing.
Read on to find out why investing in these digital projects will help your company fully realize the functions and advantages of using EHRs, and how to do it.
Leverage EHR Data In The Supply Chain
Supply chains in healthcare are notoriously difficult to manage. With prices constantly in flux and the challenge of gauging the right numbers, it’s no wonder this is the case. These factors lead to waste, which costs healthcare organizations about $750 billion each year.
However, there are ways to reduce supply chain waste — even through the use of your existing EHR system.
Technologies that integrate EHR data with supply chain management systems give businesses the ability to automate the complex supplies ordering and management process. Instead of using inaccurate methods of predicting what supplies is needed, EHR data can be leveraged to make data-driven suggestions for orders.
DataTrans’s platform does just this. Their platform integrates the entire supply chain process into any EHR, accounting, or business management system. Changes quickly integrate with supply requests. This ensures that orders are based on the most up-to-date patient data. In addition, staff can easily track transactions and shipments which helps staff gain more overall control of the entire process.
Integration between your EHR system and supply chain management system is an investment of both time and money, but doing so will ensure vastly improved operational efficiency and a significant cost reduction in the long run.
Engage Patients With A Patient Portal
Many healthcare companies have realized the benefits of patient portals and adopted the technology. After all, with improved patient outcomes, transparent operations, and streamlined care, patient portals are a must-have for modern healthcare organizations.
However, not every organization is using patient portals to their full potential. In some cases, these portals only offer scheduling, billing, and customer success services; these are certainly important offerings, but not nearly comprehensive enough.
To optimize patient portals, your organization needs to fully integrate its EHR data into these platforms. Once EHR data is connected to portals, patients can not only schedule appointments, request prescription refills, and pay bills, but also review lab results and health summaries. This type of information is useful to patients, who often forget in-office details and want to refer to the exact name of diagnoses later on, or are nervous about lab results and want to view them as soon as possible.
A fully optimized patient portal can streamline hospital operations, as patients no longer need to call staff members or come into the office to review results. Most importantly, patient portals encourage increased engagement, which is vital for excellent long-term care.
Modernize Your Payment System
One of the most effective ways to maximize the functions and advantages of using EHRs is to integrate this data with a modern payment system. Current payment systems are costly, slow, and fragmented—and can be easily improved with the help of EHR data.
Traditionally, when healthcare payments are made, clearing houses are employed to match claims and payments. This process is costly and time-consuming. Even after the payments are reconciled, the possibility of a mistake remains. If there was a mistake, a new payment request is made and the process starts all over again.
Modern healthcare payment systems link payments with EHR data so they arrive with complete context, cutting down on wasted staff time and reducing processing costs. While it can seem like a difficult task to connect the two systems, cutting-edge companies can integrate your EHR data into their fast, secure payment systems with ease.
Want to maximize the functions and advantages of using EHRs with a modernized healthcare payments platform? At AmplaPay, our goal is to bring the future of healthcare payments to the present. Now, we are running a pilot program where you can be one of the first to experience frictionless healthcare payments — the way it should be. To learn more about the program, click here.