tci Part B Insider - 2004 Issue 23

PHYSICIAN NOTES: EMRs Saved Practice Nearly $1 Million In One Year

Wondering whether electronic medical records will save money for your practice? Now there's data that suggests they will. Central Utah Medical Specialty Clinic, a 59 physician group with nine locations, implemented EMRs on April 1, 2002 and saved $380,000 in the first year on transcription expenses alone, according to a new study in the Journal of Healthcare Information Management (Vol. 18, no. 1). CUMC faced problems with chart maintenance, downcoding and transcription expenses. Before the EMRs, clinic staff pulled nearly 1,000 charts per day. After moving to EMRs, physicians were able to access charts easily from any...

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