An EHR Can Help You Reduce Expenses
We get it: there’s constant red tape and hoops to jump through to reduce expenses, which results in tightening reimbursements and increased denials. While most behavioral health providers desire to help their clients gain the balance needed to lead a productive and fulfilling life, the administrative challenges of executing treatment can be overwhelming. In the end, an EHR can help you reduce expenses.
Sometimes, the obstacles to being paid for sessions are so complex or challenging that providers stay in the game and stop treating clients because they can’t provide services in a viable, sustainable manner. After all, “the more reimbursements you receive for treatments provided, the more clients you can help. That’s the true bottom line.”
It’s a paradox: most EHR software requires you to pay a fee to use the program. When considering the logistics of using – or changing – systems, you’re often comparing price quotes and trying to decide if you can take on the cost of using an electronic program.
In this calculation, it is essential to note that any EHR worth your consideration will save you money by increasing efficiency.
Tracking and Management
How much time is your staff spending on authorization tracking & management? Separately maintaining – and then patching together – an agency calendar, billing system, payroll software, and all the other necessary treatment elements?
How much time do you currently spend on invoicing? Remittance? Scheduling? What about applying for client payments and processing their statements to show the current balance due?
Imagine that you could reduce expenses associated with the time it takes to complete practice processes and think of how much-saved revenue that might add up to over a week, month, or year!
“I can now do my electronic billing that used to take days in a matter of minutes. No more searching for folders, spending hours on billing, and trying to remember insurance authorizations. It is all here.” – Seth H., Practice Owner
Integrated, Secure Records
With an efficient EHR, data is only entered once instead of multiple times in multiple places. You may need to realize how much time (and therefore money) is wasted by duplicate data entry. Still, there’s a decent chance information might duplicate for departments using different systems (calendar, scheduling, billing, intake process, session note, payroll, reporting, etc.).
When using an integrated EHR, you minimize redundancy & enhance efficiency, which of course, saves money. While no EHR is HIPAA-compliant in and of itself, utilizing a secure system can drastically increase your success of data security and compliance for both HIPAA and 42 CFR Part 2.
Do you know how much money the agency brought in today and how many expenses went out? Imagine how much more effectively you could run, knowing exactly how much was being spent at each step in the workflow if you knew which clients needed assistance with their funding, which providers needed better tools or training to complete their part of the billing cycle, and how you could increase profitability overall.
An EHR can pay for itself by offering robust, detailed reporting that gives you an overview of your agency’s doing – and lets you drill down into the details to address specific challenges.
Check out other ways that paying for an EHR can reduce expenses:
- One-Click Billing
- Training & Support
- Mental Health Compliance Education
- Ongoing Upgrades
Contact us to see how PIMSY can solve your pain points: 877.334.8512, ext 1 – firstname.lastname@example.org. We’re happy to show you how PIMSY can save time, reduce costs, and increase practice profitability.
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