How Much Should You Pay for EHR?

They range from $0 (Practice Fusion) to $800 per provider per month. Most EHR systems charge a monthly subscription fee these days.

So, how much should you pay?

If you think all EHR systems are the same, buy the cheapest Certified EHR system. Right?

When you say ‘they are all the same’, what you really mean is that all certified EHR systems have the same ‘features’. i.e., they do charting, they store patient data, labs, ePrescription, ICD-10, CPT, and E&M coding, etc.

For Example, both iPhone and Android devices have all the ‘features’, yet you choose one versus the other. Why?

OK, so they are all NOT the same. 

Second Question: How much can you afford to pay?

Before we try to answer that, ask yourself this.

“What would be at stake if this is NOT the right system for your practice, makes everyone non-productive, staff wastes lot of time?”

EHR should not be taken lightly. The negative impact is very critical. By implication, looking at EHR as a cost and expense is not correct. EHR must be a proper financial and investment decision. You wouldn’t hire a nurse that wants the lowest salary, would you?

Let’s break it down.

  1. All EMRs are NOT the same.
  2. Don’t go by Price. Don’t start a conversation with ‘how much’? You are not buying potatoes.
  3. Prepare very hard and meticulously – as if you are starting a business.

Prepare very hard – as if you are starting a business

This is one element of your practice that, as I mentioned earlier, can have a tremendous impact on our business bottom line if you choose the wrong system and the wrong vendor. Here are some things I recommend you must do before you see any demonstration.

  • Have a written document outlining the complete practice workflow.
  • Have your staff write specific parts of the practice workflow that are inefficient and can be improved.
  • Identify 5 cases that represent 80 – 90% of your patients (unless you’re a super-specialist where each patient is truly unique). Use these cases to benchmark systems. Share these cases with the vendor (de-identified) and ask them to walk you through these cases.
  • Ask the vendor to show how they can bring improvement to your practice rather than focusing on particular features. There may be many ways to accomplish the goal.

And finally, determine a budget that you can afford and something that can bring positive ‘return-on-investment’ (watch the video below)

EMR Systems are NOT expensive.

Talk to your Accountant/CPA. Look at your Profit and loss statement and determine the distribution of costs. You may quickly find that you sometimes spend more than the monthly fee of an EMR on things that do not have such an impact on the success (or failure) of your practice.

And finally, don’t be afraid of spending slightly more than you can afford to get the maximum value and support from your vendor. It will pay off!

A Pre-Judgement Problem – Why Most Practices Select Wrong EMR/EHR

For most companies, businesses, medical practices included, success depends a lot on the team that you have recruited. It goes without saying that picking a winning team is crucial. The problem is we are very bad at it.

SAT is a bad indicator of college performance and even life performance. Yet colleges have to use it anyway. Somehow we keep on pushing our kids along the same path.

Professional sports spend billions of dollars every year to recruit what they think are the best players. Yet scouts continue to pick the wrong players. Having watched Moneyball we know that we tend to ignore useful data and rely too much on our instincts.

Selecting and choosing EMR systems is no different.

When we invite vendors for a demonstration do we even think about what was a criteria for their preselection? We may have gone by recommendation of a third party or a trusted friend. We allow somebody else to prejudge us. What we should really be doing, is to understand our internal needs first by talking to the entire team. Focus on prioritizing what is important and what is not.

It takes guts to stop prejudging because it feels like we’re giving up control. But, as far as EMR is concerned, we never had control did we?

Inspired by Seth Godin.

Small Independent Medical Practice Financial Analysis and Reporting

Medical Practice Financial Analysis and Reporting

How do you keep track of the financial health of your practice?

Providers in small private practices rely on a variety of information that makes them comfortable. Some providers will ask for all kinds of data ranging from total billing and charges per month, amount of money received every month or even weekly, total aging, collections by procedures and CPT codes, patient balances, etc.

On the other hand, there are providers that rely on their office managers and builders tremendously, and as long as money is coming into the bank they don’t question too much.

In the majority of the cases, providers missed the mark entirely.

This is an age where we have data and information overload. Everything is digital, everything gets stored as discrete data and therefore everything can be reported on. Does that mean everything is useful? What information should we look at and what should we ignore?

Bits of data in isolation are irrelevant. Total charges per month and a graph of it over the year are irrelevant if not compared to the productivity and the total number of hours that a doctor puts in per day.

Absolute numbers don’t matter as much as looking at a trend over time. Keeping the total number of patients seen over time constant and the total number of hours that you put in on a daily basis constant, if the trend indicates a downward slope on collections, that is what we should be worried about.

Similarly, ratios and percentages are more important than absolute numbers. Total revenue per patient, revenue per procedure, productivity per employee, and similar ratios are perhaps more important than absolute numbers.

I understand that providers do not have the time to look into this in detail themselves. Most office managers are not equipped to think like business accountants. That is why you should look into experts and consultants who can help you analyze this data. If you are outsourcing your billing, many of them can provide this insight.

ICD-10 Whitepaper and Information Overload

I just googled the term ‘ICD10 Whitepaper’. Google said, “About 134,000 results” found. Plus, there were so many paid adverts and placements. If you search for ‘ICD10 information’ you can multiply the search results by 4!

Why? There is a lot of fear and even misinformation surrounding ICD-10.

There are three kinds of sources publishing information related to ICD-10.

ICD-10 Whitepaper - Avetalive

I just googled the term ‘ICD10 Whitepaper’. Google said, “About 134,000 results” were found. Plus, there were so many paid adverts and placements. If you search for ‘ICD10 information’ you can multiply the search results by 4!

Why? There is a lot of fear and even misinformation surrounding ICD-10.

There are three kinds of sources publishing information related to ICD-10.

  1. CMS and government websites (eg www.cms.gov, www.medicaid.gov)
  2. Academies. Physician and provider academies have generally done a good job of publishing information and distributing it via websites as well as member newsletters and emails.
  3. Vendors. EMR, EHR, Practice Management, and medical billing vendors have also created and published lots of content. This is the biggest category of content publishers. Some of it is for their customers. Most of it is to entice more people to their website, their products, and services in the hope that providers sign up with them.

You will find written content in the form of “Whitepapers” that is supposed to be vendor-neutral information that anyone can use to educate themselves. They can take the shape of thought leadership articles or even blogs.

The other form is that of Webinars. Some vendors and consultants have offered Seminars in the form of ‘webinars’ (Live or Recorded) that focus on and address the main concerns that most providers have.

Finally, you can sign up for and attend live physical events related to ICD-10. Some Academies organize these during their regional or national meetings. I have also seen experts and consultants offer these seminars. Some offer free seminars, and some charge.

For Fee, seminars are usually more focused on your specialty and are much more detailed, and can also have hands-on step-by-step workshops helping providers and practices get ready for ICD-10.

What should you do?

1. Read some Articles or Whitepapers. Just don’t overload yourself. Focus on those that are published by:

  • CMS and Government. These articles generally try to address regulatory implications, which is important.
  • Your Vendor. They are and should be your first point of contact for anything to do with ICD-10. You are going to use their software to submit your claims and be compliant so that you can get paid. You should get not only general information but also specifics about using the software to create appropriate claims.
  • Your specialty Academy. Academy should be your source of information about mapping out ICD-9 to ICD-10, and what codes and modifiers you should use to maximize your reimbursement.

We are not too far from the deadline. It is time to take action. Your information-gathering and education phase should be over by now.

You are still not ready?

Nothing to panic though. My simple advice is to first talk to your vendor as soon as possible. Find out if:

  • Is your software ready and enabled?
  • Do they have anyone who can help you prepare and update your Superbill? They may charge you consultation fees and that is normal because as a vendor of software, help with your Superbill is generally not covered as a standard fee. Whoever you hire/engage, be prepared to spend time with them if you don’t have someone on your staff who is a billing/coding expert.

Second – if your vendor does not have a billing/coding expert for your specialty on staff, that’s okay. You can then look for help from one of many experts in your specialty. Talk to your Academy – they should be able to help locate consultants.

Finally, make sure your Superbill is ready one month before the deadline.

What is Wrong with This Title – “AAFP and HealthFusion Partner to Deliver EHR Benefits…”

When you read this headline, what goes on in your mind? If you are a Family Physician and member of AAFP, wouldn’t you think – ‘my academy had whetted, evaluated, or done something where they tested hundreds of EMRs out there and picked the best one for me’?

Media twists it even more – read this.

Nothing can be further than the truth.

I am sure AAFP does not have the time to do any of that. Also, AAFP in general does not endorse any product. Furthermore, this headline gives the impression that AAFP picked Healthfusion exclusively and recommends it. If I want, I can read even more into it thinking there is perhaps an incentive for being an AAFP member, or that it is being subsidized.

This is misleading Advertising.

AAFP should be more strict about how their partners put out press releases.

How Do You Know it’s Time for a New EMR?

EMR (Electronic Medical Record)

I read this blog from Seth Godin (New Times Call for New Decisions) and it struck a chord.

Remember when you bought your first EMR? Perhaps you’re still on it, or you may have changed. Each has its reasons. Here is what Seth wrote:

“New times call for new decisions
Those critical choices you made then, they were based on what you knew about the world as it was.

But now, you know more and the world is different.

So why spend so much time defending those choices?

We don’t re-decide very often, which means that most of our time is spent doing, not choosing. And if the world isn’t changing (if you’re not changing) that doing makes a lot of sense.

The pain comes from falling in love with your status quo and living in fear of making another choice, a choice that might not work.

You might have been right then, but now isn’t then, it’s now.

If the world isn’t different, no need to make a new decision.

The question is, “is the world different now?””

— Seth Godin

Nothing has changed more than Healthcare and in particular, Healthcare IT, EMR, and EHR. We persist because Change is Fear!

In the world of EMR/EHR, implications are more than just fear. They have to do with real costs of change – the cost of moving data from one system to another.

Cost of Change

  • Cost of Training Everyone
  • Cost of productivity – (it takes an average of 3 months before a practice becomes productive on one EMR/EHR system)
  • Cost of Transition – moving data from one system to another

Cost of No Change (Status Quo)

How do you determine if you need to change your EMR/EHR? Here are things that determine if you need to change your system:

  • Seeing less patients per day than you did before EMR/EHR
  • Drop in Revenue (not because of overall healthcare changes)
  • Unhappy staff. Listen to everyone, even if you are happy with the system
  • Inefficient workflow

How do you determine the cost of the Status Quo?

This may require some detailed financial analysis. Compare the cost of change and the cost of no change. If this cost is just incremental, do not change. Think of the analysis you do when you think of re-financing a house. Money saved per month versus the cost of re-financing.

But most important, do not remain stagnant.

How Do You Buy an EMR/EHR System?

Buy an EMR/EHR System

Most providers and practices buy EMRs with Fear. Fear holding you back from asking the right questions. If you are a Physician, you know the fears – I don’t need to write an essay about that.

Here is what goes on in our minds when we think of EMR.

  • How should I select the EMR that is good for me and my practice?
  • How much should I pay?
  • Aren’t all EMRs the same?
  • How to get proper reimbursement? Will the EMR help?
  • How to maximize my time with patients?
  • Will I lose productivity?

Instead, step up and ask Why.

  • Why get an EMR?
  • Why Bother with something that I fear?
  • Why should I be scared of CMS?

I urge all Providers to keep on asking WHY until they get to the core of the issue. What is the real fear? Where is the fear?

  • Am I afraid of computer technology?
  • Am I afraid that ‘Big Brother’ will watch the data and try to tell me how I should treat my patients?
  • Am I afraid of my ‘freedom’ and becoming a ‘data processor’?
  • Am I afraid Computer busywork will kill my practice?
  • Am I afraid I will be forced to choose between time with my patients and all the mandatory records we have to input into the computer?

We need to step up and ask the right questions. Buy EMR for the right reasons.

EMR is NOT a Commodity and let’s stop asking the question – How much?

Instead, focus on what the system and the vendor can do for me and my practice. Will it allow me to grow my practice, and go home on time? Will it/they help me regain my life?

Wrong Reason Not to Choose Cloud EHR

A Doctor mentioned today he does not want to use cloud EMR.

Reason? A colleague ‘lost data on the cloud’.

I’m not really sure what that means, but I have a sneaky suspicion that the vendor of that particular cloud EMR system did not provide data when the doctor wanted it, or that the EMR vendor was holding data hostage for a large fee.

In fact, client/server systems are more prone to losing data in the traditional sense. The solution to that problem of not getting the data from a cloud EMR vendor is not to use client-server systems but to do a better job of negotiating upfront and incorporating associated data extraction fees into the contract.

I have seen too many cloud EMR vendors holding doctors’ data hostage and demanding a large sum of money if the doctor wants to switch their EMR system.

What should you do?

Don’t jump from the frying pan to the fire. If you think cloud systems are a problem with your data, client-server systems are even worse – unless you spend a lot of resources managing the infrastructure internally.

Apple and Healthcare IT – Fuzzy Scary Lines

Apple and Healthcare IT

“Apple Could Lead In Healthcare. Here’s Why It Won’t.”

— Dan Munro, Forbes

In his Forbes article, Dan is very clear – Apple will NOT lead in Healthcare.

The choice of words is important. He uses ‘healthcare’, not ‘health’ as in hundreds of health, fitness, and wellness apps such as Fitbit. Real healthcare is in the realm of health monitoring such as blood glucose.

Once we understand this distinction, the implication becomes apparent. Healthcare is highly regulated. Just ask traditional healthcare players how difficult is the environment when it comes to providing products and/or services.

I think Apple is getting heady by trying to control and ‘own’ an entire ecosystem rather than being a part of it and facilitating the system.

EMR Productivity Conundrum – What if?

There is no doubt about the benefits of EMR to everyone. Public Health, Government, Patients and Providers – private practice as well as hospital based.

Yet, why do Providers continue complaining about EMR?

What if there was a way to continue working with paper the same way as providers did in the exam room with patients?

 

EMR Productivity Conundrum

There is no doubt about the benefits of EMR to everyone. Public Health, Government, Patients and Providers – private practice as well as hospital based.

Yet, why do Providers continue complaining about EMR?

There is one very simple reason.

Inefficiencies at Point of Care. This is a collection of following:

  • Reduces eye contact with patient
  • Too much attention to computer, software and clicking
  • Spending too much time on inefficient software than paying attention to patients.

In other words, the weakest link is the first one – data entry, data collection. What if this single point of contention had a solution? What if we removed the weakest link and made it stronger? I am not suggesting getting rid of or eliminating EMR at all, because we all know the benefits of EMR downstream.

What if there was a way to continue working with paper the same way as providers did in the exam room with patients AND figure out a way to get all the data into EMR without an exorbitant expense? (I am not suggesting scribes in case you are wondering)

I would like to know your views.