Cost vs. Benefits of Electronic Medical Records Management in Busy Physical Therapy Practices Explained by Private Practice Marketing Expert Nitin Chhoda This 3rd Quarter

Nitin Chhoda, a licensed physical therapist and marketing expert says that besides improving care for physical therapy patients, another advantage of Electronic Medical Records (EMR) integration is the ancillary benefit of cost reduction for physical therapists and practice staff. He shares more in his latest blog post for this month inside emrnews.com

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EMR - Electronic Medical Records

About 40 percent of physical therapy practices have already installed at least a preliminary system of EMR records, according to surveys and estimates by the American Physical Therapy Association (APTA), a professional and advocacy group.

Denville, NJ (PRWEB) August 25, 2012

By migrating to a good EMR system, unnecessary staff expenses and storage costs of medical practices today are eliminated or reduced drastically because EMR files take up less space and are more easily accessible than paper versions. Additionally, the cost of medical record chart materials is replaced by inexpensive EMR maintenance costs. This savings alone helps pay for the investment over time. That is just one but major benefit of using the EMR system of the 21st century practice.

In a well cited 2003 study by the University of California focused on solo and small group physicians, it was determined that physicians saved up to $20,000 per year by implementation of an EMR system, http://physicaltherapybillingcoding.com/physical-therapy-billing-coding/physical-therapy-billing-coding/. The same savings scenario can be projected for a physical therapy practice quite readily if implemented correctly in today's documentation technology. That is enough savings already for practice's expenses especially if it will be applied immediately.

As of last month, about 40 percent of physical therapy practices have already installed at least a preliminary system of EMR records, according to surveys and estimates by the American Physical Therapy Association (APTA), a professional and advocacy group. Though not all physical therapists have yet seen the benefits of electronic medical records implementation promoted by the government, many insurance firms have begun to leverage the advantages of electronic health records, bringing their patients higher quality care for less cost.

If physical therapy practice owner wants to move forward and get ahead of pending requirements by the government for implementation of EMR as soon as they can, they need to strongly consider moving towards a robust electronic system.

Chhoda’s office can be reached by phone at 201-535-4475. For more information, visit the website at http://www.emrnews.com.

ABOUT NITIN CHHODA
Nitin Chhoda PT, DPT is a licensed physical therapist, a certified strength and conditioning specialist and an entrepreneur. He is the author of "Physical Therapy Marketing For The New Economy" and “Marketing for Physical Therapy Clinics” and is a prolific speaker, writer and creator of products and systems to streamline medical billing and coding, electronic medical records, health care practice management and marketing to increase referrals. He has been featured in numerous industry magazines, major radio and broadcast media, and is the founder of Referral Ignition training systems and the annual Private Practice Summit. Chhoda speaks extensively throughout the U.S., Canada and Asia. He is also the creator of the Therapy Newsletter and Clinical Contact, both web-based services to help private practices improve communication with patients, delivery better quality of care and boost patient retention.