Alok Prasad
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Alok Prasad is the President and CEO of RevenueXL, which is an EMR and Practice Management consulting firm based in Cupertino, CA. RevenueXL provides business transformation solutions including EMR / EHR and back office services including Medical Transcription, Medical Billing, Denial Management and AR Follow-up. RevenueXL prides itself in enhancing and accelerating healthcare revenues.
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Most EMR vendors as well as Physicians use EMR System and EMR Software interchangeably leading you to believe that they mean the same thing. In fact, as this article explains, they are quite different and in fact EMR Software is only one of the components of an EMR System
"Do EMRs increase revenues?" is a question often asked by Physicians before they deploy an EMR/EHR System. As illustrated in this article, an EMR does help increase revenues while at the same time reducing many costs of running a Clinic. However, studies show that the revenues will decline and costs will rise in year 1 as the physician and clinic staff gets used to the new world of electronic records. As the workflow settles down, EMR implementation will provide positive ROI.
EMR is a long-term investment and providers must be careful in choosing the right solution. Most Practices have very limited resources to evaluate every product of interest. They depend upon CCHIT certification to select an EHR product. Non-certification of a product does not necessarily mean that it will not meet the specific requirements of the Practice. Certification can only help with the evaluation and selection process by narrowing down the initial set of solutions.
