MOPL: Electronic Document Management Services

Electronic Document Management Services:

	Medical Billing & Coading
	Medical Transcription
	Electronic Document Management

With all the benefits that implementation of EHR offers, it is more of a necessity than a choice or compulsion for all the health care providers. The HITECH Act, part of the 2009 economic stimulus package (American Recovery and Reinvestment Act of 2009) passed by the US Congress, aims at inducing more physicians to adopt EHR. Title IV of the act promises incentive payments to those who adopt and use "certified EHRs." However, on the other side, beginning in 2015, practices that are not “meaningful users” of EHRs will be subject to penalties in the form of reduction in Medicare payments.

To make “meaningful use” of EHR, physicians/practices, who have till now relied on paper charts to record and retrieve clinical information about their patients, will have to convert their paper records into electronic records. This will require substantial investments of a physician’s time, effort and money.

With over 10 years of experience in the health care industry, MOPL can be your trusted partner to meet your electronic document management demands in a timely manner. MOPL provides cost-effective and quality-oriented solution to convert paper records into electronic form and allocate them to the individual patient’s file to practices of all sizes.

With our policies and work ethics centrally focused on your satisfaction and accuracy of records, our electronic document management solution provides services exceeding your expectations. We focus on delivering unsurpassed quality, financial advantages, and user-friendly technology to you to help you optimize your revenues.

What is EHR?

An electronic health record (EHR) (also electronic patient record) is systematic electronic collection and maintenance of health information about individual patients. It is a record in digital format that is capable of being shared across different health care settings, i.e. an EHR is an electronic medical record with interoperability (i.e. integration to other providers’ systems).. Such records may include a whole range of data in comprehensive or summary form, including demographics, medical history, medication and allergies, immunization status, laboratory test results, radiology images, and billing information. It allows to automate and streamline workflow in health care settings and to increase safety through evidence-based decision support, quality management, and outcomes reporting

Benefits of EHR for Health Care Providers?

Reduction of cost, ultimately.
Improved quality of care and therefore improved satisfaction among patients.
Ease of record keeping & mobility.
Remote access to patients' charts and speed of access to more complete medical data.
Reduction in lost charts.
Incorporation of standards to help improve patient outcomes and reduce medical errors.
Accurate and actionable medical information in a secure and private form, when and where it is needed by the clinicians who care for patients.
Improved timeliness of data.

EHR :The incentives & penalties:

Incentives: Incentive funds for implementation of EHR are available through two programs —Medicare and Medicaid. Each has its own set of eligibility criteria, requirements, and incentive amounts. Eligible professionals must choose to accept payments under either the Medicare or Medicaid programs and cannot receive payments from both.

For the Medicare incentives, eligible practices that make a meaningful use of electronic health records are eligible for up to $44K or more per physician over a five-year period as follows:

Year of Filing	Potential Reimbursements Each Year
Year of Filing	2011	2012	2013	2014	2015	2016	TOTAL
2011*	$18,000	$12,000	$8,000	$4,000	$2,000	$0	$44,000
2012*	$0	$18,000	$12,000	$8,000	$4,000	$2,000	$44,000
2013*	$0	$0	$15,000	$12,000	$8,000	$4,000	$39,000
2014*	$0	$0	$0	$12,000	$8,000	$4,000	$24,000
2015 or Later	$0	$0	$0	$0	$0	$0	$0

*Providers must have implemented and compiled reports on clinical quality measures prior to filing.

Under the Medicaid incentive plan, eligible physicians can receive up to $63,750 to purchase and use qualified EHRs.

Penalties:

Beginning in 2015, practices that are not “meaningful users” of EHRs will be subject to the following penalties:

1% reduction in Medicare fee schedule for 2015
2% reduction in Medicare fee schedule for 2016
3% reduction in Medicare fee schedule for 2017

For 2018 if less than 75% of all physicians are meaningful EHR users, then the penalties may be reduced an additional percentage point up to a maximum 5% reduction.

EHR : A choice or compulsion?

ADVANTAGES of outsourcing to MOPL:

Cost Efficient
Highly quality oriented
Faster turnaround time (TAT)
Access to a talented pool of professionals
Wide range of experience in providing outsourcing solutions
High-end technology and infrastructure
No set up fees required
Maximize revenue and minimize expenses

In-house vs. outsourced Electronic Document Management Services In-house transcription costs refer to total expenses, including both direct and indirect costs.

Salaries, benefits, taxes, and workers’ compensation insurance.
Training and re-training.
Management and administrative costs.
Human resources for recruiting and handling turnover.
Office space, utilities.
Equipment and software, including acquisition, upgrades, depreciation, and maintenance.
Technical support.
YOUR time
YOUR opportunity costs

Some of these are typically overlooked when calculating the true cost of in-house electronic document management. Comparing to these true costs generally makes a strong case for outsourcing your electronic document management services with cost savings typically estimated to be in the 20-40% range.

Click here to see more benefits of outsourcing to MOPL.