The total global EHR or electronic health records market is predicted to be worth at least $40 billion by 2024, according to Statista. This is not a surprise since many medical facilities or practices, no matter their specialty or size, have been using electronic health records software for many years now. And as it is becoming more understood, it is rising in popularity, and there is no stopping it.
What is the EHR software?
The main purpose of electronic health records software is to consolidate or collate all of the patients’ medical charts and turn them into digital documents. This means that patient records can be accessed in real-time by authorized users. Medical professionals can also easily update the records and read the files. These will contain information such as medical history, allergies, medications, treatment plans, and laboratory results, among others. Thus, making it convenient for both the patients and the professionals since it will help them with making decisions about the patient’s care. It is also very customizable so that it can be configured according to your medical practice specifications.
Now, let us take a look at its many advantages.
EHR Can Help With Quality Care
There would be better quality care with the help of EHR software since it will allow for quick access to patient records. EHRs can also provide medical professionals with health analytics. These can recognize patterns and predict diagnosis, and thus leading to recommendations about potential treatment options. On the other hand, patients will also gain access to patient portals, where they can look at their records. They can even communicate with their physicians or doctors and give each other updates about the progress of the treatment.
EHR Increases Efficiency
Since EHR software will provide accurate treatment and diagnosis, it will help enhance work efficiency. You can also speed up appointments and visits without compromising the patient-centered approach. Another benefit is the E-prescribing. With the help of EHR, many healthcare organizations can prescribe electronically. This will efficiently reduce the abuse and addiction rates of controlled substances. Such prescriptions will be sent to the pharmacy electronically from the point of care. Also, it can help with automatically checking for drug-to-drug allergy interactions. This will be based on the patient’s recent medication and diagnosis that can be seen with the help of EHRs.
EHR Boosts Revenue
All businesses want to maximize their revenue. This can also be said of healthcare providers. That is why EHRs can help in that regard. They offer billing systems where income and payment methods are managed. There would be no coding errors since claims will be automatically removed from any mistakes. EHRs can also help with increasing first-time acceptance rates for insurance claims.
EHR Are Customizable
As previously mentioned, EHR software can be customized. Since every medical practice is different, systems should be adjusted to meet the practice’s needs. With EHRs, they come in various packages that can be tailored to fit any workflow. Thus, it will lead to an easier transition to a new virtual system.
EHR Provides Support
Most companies that offer EHR software also provide customer support 24/7. This will make it easier for any medical practice since their IT concerns can be solved as soon as possible. There are also those that provide on-site support, which means that it can help reduce your IT costs.
The Bottom Line
Adopting an effective EHR software platform will help you deliver the best care for your patients. You can also optimize your medical practice’s ability to make smart decisions based on patient data. Thus, as medical technology continues to grow and change, you need to make the most out of all these innovations. These are critical for your medical practice’s growth.
