EMRs facilitate the billing process by identifying potential problems before the claim is transmitted, virtually eliminating the need for corrections or submitting the claim a second time. EMRs assist billers in submitting clean claims the first time.
Denville, NJ (PRWEB) August 02, 2013
“Electronic medical records are especially helpful for practices that see Medicare patients,” said Chhoda. “Medicare requires that claims be submitted electronically. Utilizing an EMR results in a 98 percent reimbursement rate and payments that are usually delivered within 30 days.
With EMR technology, insurance companies can no longer claim they didn’t receive a billing request. Claims are transmitted electronically, much like an email. They arrive at a clearinghouse and a notification is sent to the clinician that the claim arrived. EMRs provide billers with a complete claims management system that can follow a claim throughout every step of its journey.
Chhoda noted that patient records can be transcribed or imported into the EMR for permanent storage. Customized forms can be created that staff members are familiar with and recalled when necessary. No one within the system is tasked with locating and retrieving paper records. EMRs store all types of patient related records, treatments and medication information in the cloud. The data is quickly available for physical therapy documentation and billing.
Claims can be rejected for an extensive number of reasons, from an incorrect ICD code to a name misspelling. EMRs facilitate the billing process by identifying potential problems before the claim is transmitted, virtually eliminating the need for corrections or submitting the claim a second time. EMRs assist billers in submitting clean claims the first time.
Insurance companies use a variety of tactics to delay reimbursements and underpay for procedures and treatments. EMRs allow practitioners to identify which payers make prompt reimbursements and those that consistently participate in delaying tactics. The data provides clinicians with the means to contract with the best payers for increased revenues.
An EMR isn’t a magic wand that will completely eliminate denials or slow payments, but they do provide significant assistance to physical therapy billing specialists. The new information provided by Chhoda offers clinicians a glimpse into the abilities of an EMR and the role they play in simplifying billing and collecting reimbursements quicker.
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.