The following is a guest post from Scott Parker of CureMD.
Medical practices that have avoided implementing an Electronic Health Record (EHR) system because of the associated costs may not have such a strong argument.
According to a study published by the Medical Group Management Association (MGMA), data collected from both hospital-owned and independent practices showed that practices that have implemented an EHR had considerably higher revenues than those which did not.
Whereas overall expenses rose among practices that had adopted EHR (approximately $106,000 per physician), average revenue per physician also rose by $179,000 for the year.
“The potential of improved financial performance should be an encouragement for many organizations to purchase and use an EHR,” said MGMA President William Jessee.
These conclusions have also been backed by a study called ‘Financial Savings from an Electronic Medical Record (EMR) in a Small Group Practice.’ This particular study [Read more…]