CareCloud Blog

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For those who started their careers before electronic health record (EHR) systems existed, the use of voice recognition may come easier to them because they have already been dictating for years. Dictation is a tried and true practice. Why mess with something that works?

The problem is, dictation in the traditional sense requires transcription, which is very costly, delays essential updates to medical records, and more critically, bears significant risk of errors that either add to a time-consuming process of proofreading and remediation or worse, go unnoticed and cause other issues. Bottom line, dictation may seem fast and efficient to physicians, but the requisite transcription can prove detrimental, both financially and clinically.


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According to a recent article in FierceHealthIT, the market for telehealth hardware, software and services is expected to reach an astounding $2.8 billion by 2022. That’s almost five times the value of the market in 2014. What’s driving this sharp spike in the use of telemedicine technology? Intense consumer demand for the service and powerful financial incentives for providers.


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Here are some helpful tips for ensuring your EHR adoption is successful across the board.

Opting to utilize electronic health record software at your practice can bring about a number of fantastic new capabilities. Digital access to health history empowers your doctors to be better prepared or provide a more personal experience to patients, which can be important to revenue cycle management. Similarly, advanced analytics and easy-to-use tools can make billing and administrative tasks easier to visualize and complete successfully.


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There is undeniable return on investment for practices that adopt EHR software.

Before implementing a new software or practice, healthcare administrators need to be sure that the change will not only improve patient outcomes but also be economically sustainable and promote a financial yield. Adopting electronic health records for your practice may seem like a way to make a positive change, but without a return on the investment, it may not be viable for your business.

Researchers at the University of California, San Francisco found that healthcare facilities that implemented EHR software saw significant fiscal benefits, and were able to recuperate the original costs associated with the adoption in a short period of time, according to a recent study.


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Technology and other tools can make your practice more efficient.

When it comes to improving your practice’s financial outlook, small changes can have massive repercussions. In turn, finding ways to work more efficiently can help you and your team provide better patient outcomes while also working to become a more established, competitive provider in your community.

By leveraging EHR software and other technologies, it’s possible to improve your office’s productivity, eliminate waste and become more cost-effective across the board. This doesn’t mean gutting your operation or scaling things back, but instead working smarter to achieve more.


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Leveraging digital engagement efforts can be a way for your practice to improve patient satisfaction as well as bring in new business.

Transitioning to value-based care policies has big implications for healthcare providers across the country, and the change requires administrators to make difficult decisions about the best way for their practice to work smarter.

Leveraging technology to make practice management more efficient, for example, through electronic patient health records and other initiatives, may yield tremendous results on the clinical side of the equation and can lead to better medical outcomes. Patient satisfaction, however, can prove to be just as important for your hospital or healthcare facility.


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The electronic health record (EHR) incentive program began with the best of intentions: to improve healthcare. And many would argue that it has made inroads. If nothing else, it has brought America into the 21st Century for medical record-keeping, moving the majority of providers from paper to digital records

The undertaking has been massive. Since the program began in 2010, more than half a million providers have transitioned to EHRs, to the price-tag of nearly $32 billion in total incentives paid out.


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Delivering high-quality healthcare while simultaneously maintaining a profitable practice remains a tough challenge for physicians across the country. Evolving reimbursement requirements and a constantly shifting industry landscape pull physicians away from patient care and leave them overwhelmed by administrative tasks. However, for the third consecutive year, CareCloud surveyed more than 5,000 physicians in our annual Practice Profitability Index and, for the first time, the survey has revealed a rise in optimism. The PPI shows that there is an increasing number of physicians who expect to grow profits or at least hold the line against losses in the year ahead, which is good news for everyone!


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