Switching Your EMR doesn’t need to be complicated or disruptive

Patrice Pash

August 16, 2024

How an Optimal EHR System Can Boost Profitability

Patrice Pash

August 29, 2024

Time is Money!
How an Optimal EHR System Can Boost Profitability

In the fast-paced environment of healthcare, especially urgent care, time is one of the most valuable resources. Physicians, who are at the heart of patient care, often find themselves spending much of their day on documentation. While this task is essential for accurate patient records, billing, and compliance, it can also be time-consuming and detracts from the time available for direct patient care or enhancing the patient experience. This is where a good Electronic Health Record (EHR) system can make a significant difference—not just in enhancing patient care, but also in saving money for healthcare organizations.

If your urgent care practice is struggling to increase profitability, augment provider documentation, or improve provider work satisfaction, then you should be actively working to switch your EHR. Below are some critical highlights to consider. If one or more of these points sound familiar, then UrgentIQ can help you to minimize the fear of implementation while maximizing operational output along with satisfaction for patients and staff alike.

Streamlining Documentation with an Efficient EHR System

A purpose-built EHR system streamlines documentation by automating routine tasks, standardizing data entry, and integrating clinical workflows. Physicians can use templates, voice recognition, and AI-assisted tools to quickly input information, reducing time spent on paperwork. This allows doctors to focus more on patients, improving provider-patient relationships.

In urgent care, patient flow is a priority. Patients and staff alike appreciate quick, efficient visits, and one common complaint is that providers don’t spend enough time with patients. A streamlined, intuitive EHR allows physicians to concentrate on patient care without worrying about extensive documentation time, enhancing both care quality and patient satisfaction.

Reduce Administrative Burden and Boost Productivity

When documentation is simplified, the administrative burden on physicians is significantly reduced. Less time spent on charting means physicians can see more patients in a day or dedicate more time to complex cases, improving overall productivity and quality of care. This efficiency translates into cost savings for healthcare facilities, as the need for overtime pay decreases, and the number of patients treated per day increases. This can be especially important for busy practices where the need to staff with extra providers is a response to patient volume and associated tasks such as evaluation and documentation.

Consider this: An average urgent care provider seeing 40 patients during a 12-hour shift with an hourly rate of $112 might spend 10 minutes per patient on documentation, costing approximately $746 per shift. Reducing documentation time by just 5 minutes cuts this cost in half, saving around $1120 per week per practitioner. In an industry known for tight margins, increasing provider productivity can significantly enhance profitability.

Minimize Errors and Ensure Compliance

A robust EHR system reduces the likelihood of errors in documentation, such as incomplete records or incorrect billing codes, which can lead to costly audits or denied insurance claims. Accurate and complete documentation helps avoid financial losses and ensures compliance with the latest healthcare regulations, reducing the risk of penalties.

Customizable documentation fields can help pinpoint critical areas and ensure compliance with payer and regulatory requirements. Registration errors at the front desk, a major cause of denied claims or slow payments, can also be minimized with EHR alerts for missing or incorrect patient demographics. Considering that the cost to rework a claim range from $25 to $100, reducing these errors can lead to significant savings.

Conclusion: Invest in a Best-In-Class EHR System

Investing in a top-tier EHR system isn’t just about staying current with technology—it's a strategic move that can lead to substantial cost savings and increased revenue. By reducing the time physicians spend on documentation, healthcare organizations can improve productivity, minimize errors, and ultimately provide better care to more patients. The result is a more efficient practice that benefits patients and reduces physician frustration and burnout. A Best-In-Class EHR system is a win-win for everyone involved.

If you'd like to learn more about how a purpose-built, intuitive EHR can enhance the profitability of your urgent care, contact us at sales@urgentiq.com, Nat@urgentiq.com or Patrice@urgentiq.com We'd love to show you how UrgentIQ can help your urgent care operations.