{"id":4087,"date":"2012-12-04T19:21:37","date_gmt":"2012-12-05T00:21:37","guid":{"rendered":"http:\/\/www.poweryourpractice.com\/?p=4087"},"modified":"2025-07-01T10:15:02","modified_gmt":"2025-07-01T10:15:02","slug":"webinar-boost-profits-with-pm-ehr-systems","status":"publish","type":"post","link":"https:\/\/carecloud.com\/continuum\/webinar-boost-profits-with-pm-ehr-systems\/","title":{"rendered":"Webinar Alert: Boost Profits With Your PM &#038; EHR Systems"},"content":{"rendered":"<p>As many practices face reduced reimbursements and increased denials, they are naturally looking for ways to improve the bottom line. And as they adopt new medical software such as an EMR or PMS, they wonder how to <strong>make sure the time and labor investment will result in more on the bottom line.<\/strong><\/p>\n<p>While implementation of any new technology includes a learning curve, practices shouldn\u2019t lose sight of the fact that EMRs and other medical software can improve\u2014and are improving\u2014<strong>profitability for practices around the country.<\/strong><\/p>\n<p><!--more-->As early as 2010, the MGMA reported that \u201cMedical practices that have implemented an electronic health record system report better financial performance than those that have not,\u201d based on the Medical Group Management Association&#8217;s &#8220;Electronic Health Records Impacts on Revenue, Costs, and Staffing: 2010 Report Based on 2009 Data.&#8221;<\/p>\n<p>More recently, case studies have shown that:<\/p>\n<p><strong>One 17-provider practice in Arizona has reported that they have:<\/strong><\/p>\n<ul>\n<li>Reduced medical records staffing time by 90%<\/li>\n<li>Increased patient visits by 40% (with no increase in staff)<\/li>\n<li>Increased profitability by 50% in year 1 and by 100% in year 2<\/li>\n<\/ul>\n<p><strong>A 14-provider rural health clinic reported:<\/strong><\/p>\n<ul>\n<li>A $200,000 per month increase in profitability<\/li>\n<\/ul>\n<p>You may have heard similar stories at conferences and shook your head in disbelief.<\/p>\n<p><strong>How do you achieve this kind of time savings and increased profits?<\/strong><\/p>\n<p>Among the ways that medical software can help improve the profitability of your practice, according to several sources, are:<\/p>\n<ol>\n<li>Stop paying to manage and store paper<\/li>\n<li>Increase claim revenues by improving documentation and avoiding downcoding<\/li>\n<li>Increase efficiency with faster access to patient records and e-prescribing<\/li>\n<li>Reduced liability premiums, as some insurers are offering discounts to physicians utilizing EMRs<\/li>\n<li>And of course, the HITECH incentives you\u2019ve heard so much about<\/li>\n<\/ol>\n<p>But of course, this kind of improvement doesn\u2019t magically happen with the use of technology. As with any new technology advance, there are tricks and insights that help optimize the profitability of the system.<\/p>\n<p>That\u2019s why we\u2019re inviting you to join us for a practical one-hour webinar entitled <strong>Increase Your Bottom Line: EMR and PM Technology Can Do It,<\/strong> featuring Rosemarie Nelson, MS, a leading healthcare consultant with the MGMA. Rosemarie Nelson&#8217;s experience as a medical office manager and in information technology, combined with her years of consulting with physicians and practice professionals, gives her a unique insight into the needs and challenges facing physicians and medical practices. During the webinar, she\u2019s going to share the key strategies she\u2019s learned for improving practice profitability with technology.<\/p>\n<p>\u201cYou think you&#8217;ve optimized your operations? Or, like many practices, do you wonder how you can become more efficient and improve your bottom line?\u201d Rosemarie wrote in a blog post on <a href=\"http:\/\/www.physicianspractice.com\/technology\/using-tech-tools-automate-your-practice\">Physicians Practice<\/a>. She advised in the article that practices consider optimizing their EHR implementation with apps and\/or hardware that can <strong>improve documentation timeliness, using charge capture apps for smartphones, patient portals, and other technology tools to increase profitability.<\/strong><\/p>\n<p>Some of the useful information you\u2019ll learn during the webinar includes:<\/p>\n<ul>\n<li>Tips from better-performing practices<\/li>\n<li>How to integrate new business processes into your operations<\/li>\n<li>How to identify components of your technology solution that automate operations and reduce costs<\/li>\n<li>Ways to effectively monitor your progress with seven specific benchmarks<\/li>\n<li>And more<\/li>\n<\/ul>\n<p><em>Kathy McCoy, MBA, has written on practice management and revenue cycle management for more than 5 years for leading medical software, medical marketing, and medical billing companies. She has more than 17 years of experience in continuing medical education, developing programs with respected educational institutions including Columbia University, Johns Hopkins, and Cleveland Clinic.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As many practices face reduced reimbursements and increased denials, they are naturally looking for ways to improve the bottom line. And as they adopt new medical software such as an EMR or PMS, they wonder how to make sure the time and labor investment will result in more on the bottom line. While implementation of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[2],"class_list":["post-4087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth","tag-growth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Boost Profits with PM\/EHR Systems | CareCloud Webinar<\/title>\n<meta name=\"description\" content=\"Check out Kathy McCoy&#039;s teaser for our upcoming webinar. 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Learn how to boost profits of your EHR and PM with your medical software.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/carecloud.com\/continuum\/webinar-boost-profits-with-pm-ehr-systems\/\" \/>\n<meta property=\"og:site_name\" content=\"Continuum\" \/>\n<meta property=\"article:published_time\" content=\"2012-12-05T00:21:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-01T10:15:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/carecloud.com\/continuum\/wp-content\/uploads\/2015\/10\/dummy-4-paigl6zusafxfmk55j3mhrce0nfw5zrnw9chmopqcs.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"cc_continuum\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cc_continuum\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/\"},\"author\":{\"name\":\"cc_continuum\",\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/#\\\/schema\\\/person\\\/6af17e75a684cc5cd23741e014351348\"},\"headline\":\"Webinar Alert: Boost Profits With Your PM &#038; EHR Systems\",\"datePublished\":\"2012-12-05T00:21:37+00:00\",\"dateModified\":\"2025-07-01T10:15:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/\"},\"wordCount\":597,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/dummy-4-paigl6zusafxfmk55j3mhrce0nfw5zrnw9chmopqcs.png\",\"keywords\":[\"Growth\"],\"articleSection\":[\"Growth\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/\",\"url\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/\",\"name\":\"Boost Profits with PM\\\/EHR Systems | CareCloud Webinar\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/webinar-boost-profits-with-pm-ehr-systems\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/carecloud.com\\\/continuum\\\/wp-content\\\/uploads\\\/2015\\\/10\\\/dummy-4-paigl6zusafxfmk55j3mhrce0nfw5zrnw9chmopqcs.png\",\"datePublished\":\"2012-12-05T00:21:37+00:00\",\"dateModified\":\"2025-07-01T10:15:02+00:00\",\"description\":\"Check out Kathy McCoy's teaser for our upcoming webinar. 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