With the continued advancement of healthcare technology, maintaining an independent practice has become increasingly challenging. The complexity surrounding healthcare technology is a significant factor in this struggle. Tech Target Xtelligent—a renowned provider of data-driven marketing services and authority in the healthcare tech space—recently explored this topic in an insightful article.
Revenue Cycle Management & Value-Based Care
Athenahealth’s chief product officer states, “Just like physicians cure patients, we cure the complexity problem and make it so that the physicians can focus on delivering care, which is what they went to medical school and chose the profession to do, not deal with all the complex regulations on how to get paid and how to stay compliant.”
One of the primary sources of complexity in healthcare today is revenue cycle management (RCM). With the industry’s shift towards value-based care, practices now need to align their billing strategies accordingly.
But what exactly is value-based care? Unlike the traditional fee-for-service model, which bases reimbursement on the number of healthcare services delivered, the value-based care model ties reimbursement to the quality of care provided. This model aims to improve patient outcomes while controlling costs.
The Benefits of an Integrated EHR for RCM
Simplify Claims & Reimbursement
An integrated EHR (Electronic Health Record) and RCM solution can significantly simplify processes like claim submission, remittance processing, and reimbursement for independent practices. According to Tech Target Xtelligent’s article, many independent practices find immense value in such EHR offerings.
Reduce Denial Rates
EHR systems with integrated technology—such as automated verification and authorization features—help reduce denial rates. This streamlines the financial aspects and contributes to better patient care quality.
Greater Interoperability
Integrated EHR solutions eliminate information overload and optimize workflows. A survey conducted by Athenahealth indicates that excessive information in the EHR adds to the stress levels of 63% of physicians. Greater interoperability helps mitigate this issue, enhancing healthcare providers’ overall efficiency.
dbtech’s eForms & Downtime Solutions Help to Optimize RCM
dbtech’s eForms and downtime solutions play a crucial role in optimizing your revenue cycle management. Our eForms simplify patient financial processes like pre-registration, registration, and charge capture, making it easier to submit claims and process remittances. Additionally, automated verification and authorization features reduce denial rates, while our downtime solutions ensure uninterrupted service. With dbtech, you can create a more efficient and resilient revenue cycle.
Contact dbtech to Learn More About Our Healthcare IT Solutions
Ready to optimize your revenue cycle management with an integrated EHR solution? Contact dbtech today to learn more about our comprehensive healthcare IT solutions.