Future of Electronic Medical Records: Experts Predict EMR Trends in 2022
With the advent of 2020, the world has seen some surprises. The COVID-19 arrival has shown how vital and valuable digital solutions are in solving the healthcare IT challenges. EHR and Electronic Medical Records Software have revolutionized the healthcare IT system with their process and techniques. But after 2020, automation has changed the picture.
The Electronic Medical Record (EMR) software is the tool for a completely paperless process concerning the patients, which is stored in an electronic form. The EMR are more efficient than hard-copy patient charts as they eliminate human efforts with automated data capture techniques for improved workflow. The EMR market can stimulate growth to be worth $60.70 billion by the year 2026, indicating the growing requirement for improved patient care and technological advancements.
Before delving into the upcoming trends to paint the future of EHR Software, have a glance at the interesting facts:
66% of software users search for medical concern information on the web.
88% of physician appointments are scheduled via phone calls.
With pandemic hitting now and then worldwide, the gradual switch to virtual health has become a boon. This has enabled the Electronic Health Record and Electronic Medical Records software to advance in leaps and bounds. Soon the EMR Companies will focus on creating software that is a value-based model along with a volume-based model as well. Let us look at the EMR Software trends to keep an eye out for in the future.
There would be a continued trend towards accessibility in EMR, both accessible for mobile and software. The main thing that holds back EMR is accessibility. The EMRs are very expensive, almost six or even seven figures for the total software price. This price can be cut down in the case of large hospitals and multi-facility networking hospitals with the help of government incentives, but that is not the case with the smaller practices.
Integration and Interoperability
Another issue with the Medical EHR software and EMR Software is their lack of capability with system integration. During any patient visit, the hospital needs to fetch the records from the outpatient practices, and other hospitals also need to get the full health records. This is why EMR accessibility would remain the top priority for every EMR company. This would reduce the manual work for the physicians and hospital staff to enter patient data, upload reports and scans or figure out crucial patient data.
Ease of Use
It is not easy for an individual EMR to fetch the data from the other EMRs. This is why there is a gap between fetching the data and the non-capability to do so. This is why there is a need for more easiness while navigating the data from one system to another. Despite having so many technological advancements, the EMR vendors face a tough time fetching the data.
Need A System for Accurate Data Capture
Every EMR and EHR need the protocol to capture data accurately and precisely. This would not only help generate better results but also eliminate human errors that might happen otherwise. Since these EMRs cover the entire patient’s historical data, capturing and saving the relevant and recently updated information is vital in the minimum possible time. This has enhanced the healthcare service digitization and will improve data integration with various techniques from multiple sources. These sources might include the mentioned but are not limited to point-of-care devices, wearable devices, and the cloud.
An Increasing Demand for Robotic Process Automation
As the EMR market is experiencing a gradual switch to automation, the EMR Vendors need to gain momentum with the trend. And with Robotic Process Automation (RPA), this would be further developed while maintaining the required accuracy by reducing the manual needs.
The best way to legitimize the use of the EMR software is standardization. In this case, the EMR companies must provide some extra features and functionalities while maintaining the standards and regulations. And this standardization is not only required for data and functionalities but also E/M Codes, charge captures and more. Standardization will require inclusivity of changing dynamics as well. This will undoubtedly influence the EHR Vendors to develop their products and maintain their accessibility and strength.
To grow your EHR and EMR products, patient engagement is an essential part of the process wherein patient outreach and content creation is the positive add-on. Patient data and engagement is critical in data storage and analysis. This data can be collected from wearable intelligent devices or mobile devices.
However, wearable intelligent gadgets have become the talk of the town as this would provide excellent insight into the patients’ health. Patient engagement enhancement can also be done by sending appointment alerts and subsequent appointment reminders, and updating patient data from varied sources will reduce time and human efforts while improving patient engagement.
AI & Voice Recognition
In the healthcare market, IoT has seen a massive surge in usage. Several practices are looking to integrate IoT with AI features, which will help the provider diagnose the issue accurately and identify the patient health trends. Many EHR vendors are looking to implement and execute this feature in their EHR software. Along with this, Natural Language Processing (NLP) integration will improve provider/physician efficiency. This will also remove the language barrier as the AI and IoT systems will use natural spoken language in their designs.
The IoT-enabled healthcare market is expected to surge from the 2020s $50 billion to nearly $135 billion by 2025.
Concluding the Article
In the coming years, the industry will spectate the EMR and EHR products and services change for good. This change must continue putting pressure on the industry while changing and adapting for its sound. In the coming half the decade, the healthcare IT industry will see unprecedented transformations along with the required digitization changes.
Looking for an in-depth idea of the EMR Trends and their adaptation? Connect with the experts here!
Top 5 Reasons to Use Integrated EHR and Medical Billing Software
The process of medical billing and practice management has always been a time-consuming task in the field of clinical practice. Undoubtedly, the EHR systems have reduced and simplified healthcare providers’ human efforts while streamlining their working processes effectively. This is why the healthcare industry is changing, and so are the health providers’ services. They have now started to look for better systems to manage their practice. A recent report says that 89% of providers have agreed that the EHR forms the core of their practice and dominates their decision-making process for selecting a management system.
And this is not all! With simpler EHR, the search and need for intelligent medical billing solutions has also become challenging which has been made easier with its integration with EHR. This integration is a boon with numerous advantages.
Let us delve into the obvious but unsaid benefits of integrated EHR with medical billing software. But before starting, let us also understand what an integrated EHR and medical billing system are.
An Integrated EHR and Medical Billing System
The Electronic Health Records (EHR) integration is defined as the process of accessing medical records seamlessly across all the electronic software solutions. For medical billing systems, this process might look a little complex and requires the HL7 interfaces to exchange the parameters like demographics, patient chart details, charge codes, encounter sheets, patient notes, billing cycle, and more. This would ensure that no data is duplicated and is seamlessly merged with the existing EHR system.
Over the years, integrated EHR and medical billing system received immense popularity. In fact, according to a recent report produced by Fact.MR, the EHR market is expected to rise up to US $23.78 billion in 2022 and anticipate a positive CAGR of 4.5% and attain a value of US$41.8 billion by 2032
The US healthcare providers lose $262 billion annually due to claim denials. The primary reasons for such claim rejections and denials are claim form errors, code mismatch, and missed claim submission due dates but are limited to these. The claim form errors constitute around 40% and 80% of medical bill errors and are the most common reason for claim denials.
These issues have majorly surfaced due to manual data input, improper software settings, and untrained staff, which is common in otherwise healthcare billing software. With the help of electronic medical billing software with EHR, the providers can:
Maintain patient data at one location.
Set notifications for claim submission as per the deadlines.
Set the coding and clinical documentation in one place.
Integrating healthcare medical billing systems into your EHR system would avoid the bulk of manual work like entering the exact details into two different programs and task redundancies, further preventing manual errors, coding errors, and more.
With a comprehensive EHR solution combined with medical billing and coding software, it’s time to improve reimbursement rates.
To avail of the federal incentive programs, the providers and hospitals must prove the meaningful use of certified EHR technology across the market. By integrating the EHR with practice management billing software, the providers are improving patient care and data security while maintaining data centralization.
The term interoperability is not only about seamless communication between external systems; it can also be used to maintain data in one centralized system and seamlessly enable the claim filing process. With the EHR billing integrations being highly interoperable, this allows data sharing with providers and practitioners with access rights. This enables the sensitive information to stay confidential while the data and its analysis allow the third parties for patient care and improvement purposes.
This interoperability reduces the data entry check-points and human errors at the most. A robust and flexible centralized system prevents security breaches while allowing providers to handle sensitive patient information without hiccups.
Reduced Billing Workloads
With an integrated EHR and medical billing software, the medical billing specialists would spend less time filing claims. With an integrated system, the coding and documentation are directly fetched from EHR, which saves the time of copying the data. The system will also prompt the physicians to complete these activities even during patient visits. This would reduce the after-visit work for the providers and billing staff.
There are many small-level hospitals and providers wherein the costs are only increasing due to these billing complications. This is why many medical billing software companies have switched to medical billing software for small businesses while easing the process of coding and documentation with claims submissions on a timely basis.
Reduce Coding Errors and Paperwork
With human comes human errors!
With the integrated EHR software with billing, the patient data will be transmitted to the billing system automatically, which will let the EMR Medical Specialists generate cleaner claims. This removes the human error chances while developing billing sheets and entering codes, enhancing the turnaround time.
The integrated EHR with billing software will also provide rest to the clinical and healthcare staff who are more or less dedicated to filling the forms and performing the claims process. This reduced workload will enable them to focus on providing better healthcare services which was otherwise not happening.
Patient satisfaction is one of the primary aims of any healthcare provider. Billing process automation and claim error elimination will improve the patient satisfaction rates for the existing patients. With the help of the insurance eligibility verification feature in billing software, the practitioner will have a clear idea of the covered services in the patients’ insurance plans at the scheduling stage.
This will be an essential step to avoid to and fros while the billing process starts. The EHR integrated billing system will help clinics inform the patients about the incurring expenses in insurance coverage which will further increase their satisfaction levels.
More time is spent on inefficient medical billing processes and systems; less time is left to devote themselves to patients. This is why an EHR integration becomes an essential component for deciding which practice management solution to choose. These solutions will allow the providers with unparalleled partner solutions, which will further modernize the existing practice and offer your patients world-class healthcare service with no hiccups in other benefits.