Simple Changeover to Electronic Patient ID Could Unlock $1 Billion in Savings to Providers and Laboratories
Medical Group Management Association (MGMA) recently launched Project SwipeIT. This is an ambitious project to motivate the entire healthcare industry to adopt an electronic patient ID system by the end of 2009! The initiative asks insurers, providers, vendors and professional groups to commit to the deadline, as outlined by the Project SwipeIt portal on MGMA’s Website.
MGMA, a trade association of medical practice management professionals, estimates a nationwide electronic patient ID system could save providers $1 billion annually in unnecessary administrative costs and denied claims. Pathologists and laboratory administrators know that adoption of electronic patient ID would be a great benefit for clinical laboratories and pathology group practices.