Funds can be deposited directly into a clinic’s account for a steady and stable cash flow. Practitioners have control when claims are sent and have the option of sending them individually or as a batch.
Denville, NJ (PRWEB) December 28, 2013
“The demand for proper coding and documentation for reimbursements is essential. EMRs enable therapists to submit claims in real time, reduce costs, and they’re environmentally friendly,” said Chhoda. “There are no paper records or need to wait for documentation to traverse the postal system. An EMR offers the most accurate coding available, reducing errors, denials and requests for additional information.”
Chhoda said medical billing errors or mistakes are the major causes of reimbursement rejections and denials, and both can be virtually eliminated with an EMR. They have the ability to handle the upcoming ICD-10 and CPT coding changes with supreme accuracy and efficiency, allowing therapists to provide innovative and complex treatments.
He added that EMRs facilitate and accelerate the reimbursement process. He said that the systems can reduce billing costs by up to 15 percent. Since claims are submitted online in real time with an EMR, payments can be made to clinics in a matter of hours. Medical billing and coding tasks can be accomplished in-house without the need for expensive outside agencies. Extensive and detailed documentation is included to expedite the reimbursement process.
Most of the EMR systems are compatible with an extensive number of insurers, including private insurance companies, Medicaid and Medicare, clearinghouses, and third-party payers, along with Workers’ Compensation and veterans using TRICARE. Funds can be deposited directly into a clinic’s account for a steady and stable cash flow. Practitioners have control when claims are sent and have the option of sending them individually or as a batch.
Chhoda noted that an EMR provides the means for practitioners to boost revenues through real time electronic claims submissions. His new insights provide clinicians with compelling reasons for implementing an EMR. The physical therapy software systems allow therapists to reduce audits, errors and denials that adversely impact a practice’s financial health and growth, while providing the means to deliver better treatments to patients.
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.