Pain Point: Must Reduce Expenses
We get it: there’s constant red tape and hoops to jump through to reduce expenses, a lot of which results in tightening reimbursements and increased denials.
While most mental / behavioral health providers are driven by a desire to help their clients gain the balance needed to lead a productive and fulfilling life, the administrative challenges of executing treatment can be overwhelming.
Sometimes, the obstacles to being paid for sessions are so complex or challenging that providers actually drop out of the game and stop treating clients because they just can’t provide services in a viable, sustainable manner. After, all “The more reimbursement you can receive for treatments provided, the more clients you can help. That’s the true bottom line.”
How Can An EHR Help You Reduce Expenses?
It’s a bit of a paradox: most practice management software requires you to pay a fee to use the program. When considering the logistics of using – or changing – systems, you’re often comparing price quotes and trying to decide if you can take on the cost of using an EMR.
The piece that many providers, or practice managers, fail to recognize is that any EHR worth your consideration is actually going to save you money by increasing efficiency.
Consider Your Current Practice Processes
How much time are you currently spending: tracking authorization management on paper? Separately maintaining – and then patching together – a practice calendar + billing system + payroll software + all of the other pieces of necessary practice management? How much time do you currently spend on invoicing? Remittance? Scheduling? Applying client payments and processing their statements to show current balance due?
Imagine that you could reduce expenses associated with amount of time it takes to complete practice processes and think of how much saved revenue that might add up to over the course of a week, month, or year!
“I can now do my electronic billing that used to take days in a matter of minutes. No more searching for folders, spending hours on billing, trying to remember insurance authorizations. It is all here.” – Seth H., Practice Owner
“I can’t believe how fast PIMSY’s 835 is. It replaced about 15 hours of manual posting.” – Phoenicia K., Billing Technician
Integrated, Secure Records
With an efficient EMR, data is only entered once, instead of multiple times in multiple places. You may not even realize how much time (and therefore money) is being wasted by duplicate data entry, but for any departments that aren’t using the same system (calendar, scheduling, billing, intake process, session note, payroll, reporting, etc), there’s a good chance information is being duplicated.
When using an integrated Practice Management Program, you minimize redundancy, enhance efficiency, and save money. While no EHR is actually HIPAA-compliant itself, utilizing a secure system can drastically increase your success of keeping client data secure – and keeping your whole practice in compliance with HIPAA.
Do you know how much money the agency brought in today and how many expenses went out? Imagine the number of clients – and how much better you could manage your practice – you could treat if you knew exactly how much money was being spent each process in the workflowImagine the number of clients – and how much better you could manage your practice – you could treat if you knew exactly how much money was being spent each process in the workflow; which clients need assistance with their funding; which providers need tools to better complete their part of the billing cycle; and how you could make the practice more efficient overall.
One way an electronic system can pay for itself is by offering robust, detailed reporting that gives you both an overview of how your agency’s doing – and lets you dig down into the details to correct specific challenges to success.
Check out other ways that paying for an EHR can actually reduce expenses – and pay for itself!
- One-Click Billing
- Training & Support
- Mental Health Compliance Education
- Ongoing Upgrades
Contact us to see how PIMSY can solve your pain points: 877.334.8512, ext 1 – firstname.lastname@example.org. We’re happy to show you how PIMSY can save time, reduce costs, and increase practice profitability.