Hospital upper management is constantly under pressure to improve efficiency and reduce costs. However, when EHR downtime occurs, the entire organization can come to a grinding halt, resulting in operational disruptions that can profoundly impact patient care and overall financial costs.
EHR downtime can rapidly lead to substantial monetary losses and can also negatively influence patient outcomes.. As such, hospitals must consider more streamlined solutions that minimize the impact of downtime and ensure the continuity of care. This blog post will explore why hospital upper management should invest in EHR downtime preparedness and how an electronic solution can help bolster their bottom line.
The Cost of EHR Downtime Goes Beyond Monetary Loss
When EHRs go offline, healthcare professionals can’t access vital patient information. This means that staff are forced to resort to paper-based workflows, which can be time-consuming and prone to errors.
Moreover, operational efficiency suffers as staff scramble to catch up on charting and documentation once the system is back up. Data loss, patient safety issues, and tedious manual processes result in revenue loss while eroding patient trust.
The impact of EHR downtime can be far-reaching, from patient safety to hospital reputation. EHR downtime costs are staggering, averaging $7,900 a minute for hospitals. However, the actual cost is incalculable when considering the long-term effects on patient care and institutional reputation.
How EHR Downtime Solutions Bolster Your Bottom Line
Undoubtedly, EHR downtime can be detrimental to your organization’s revenue. Lost billing due to downtime can result in a domino effect of financial hits. Moreover, a prolonged downtime period will lead to a longer manual data-entry process, opening doors for billing errors. However, a proper EHR downtime solution can prevent unnecessary losses.
Using a solution with automation results in claim denials being lowered. By having a rapid recovery and no manual keying, our downtime solutions will ensure billing errors are reduced and organizations benefit from a consistent revenue stream. So, when hospitals budget for an EHR downtime solution, they ultimately invest in the organization’s bottom line.
Why Hospital Upper Management Should Consider Electronic Downtime Solutions
Hospitals that opt for electronic downtime solutions have reported significantly reduced denial rates from payers. In turn, organizations see healthier cash flow and overall improvement in patient care and safety. Furthermore, hospital upper management can expect reduced errors due to manual data entry and improved efficiency in the workflow.
Most modern healthcare organizations will agree that paper-based solutions are no longer efficient or cost-effective. Hospitals and healthcare organizations must embrace electronic solutions like dbtech’s to streamline operations. dbtech’s EHR downtime solutions ensure uninterrupted patient care amid a system or network outage. By partnering with us, hospitals can realize a wealth of benefits, including:
- Care continuity.
- Revenue protection.
- Data protection.
- A solution that pays for itself.
dbtech: Mitigating the Impact of EHR Downtime & Maximizing Revenue
Mitigating downtime has a tremendous effect on a healthcare organization’s bottom line. That’s why dbtech’s solutions are designed to minimize disruption while optimizing patient care and safety. Our EHR downtime solution is second-to-none in terms of features, efficiency, and cost savings. Using electronic workflows and eliminating labor-intensive processes, our downtime solution is designed to improve operational continuity while maximizing revenue.
Whether you’re a hospital administrator or upper-level executive, we urge you to consider our EHR downtime solution. Contact dbtech today to learn more.