Modern Healthcare’s list of Top Ten Hospital EHR Vendors Has Insights for Lab Managers
Published data indicates that about 90% of the nation’s hospitals have implemented an electronic health record (EHR) system. This remarkable statistic has direct implications for clinical laboratories and anatomic pathology groups, since typically 70% or more of a patient’s permanent health record is comprised of laboratory test data.
However, the 90% EHR adoption rate among the nation’s hospitals masks a more provocative truth: only a limited number of hospitals and health systems have implemented an EHR system that is fully integrated and presents a complete patient health record in real time. Thus, many hospitals are using EHR systems that fall far short of allowing clinicians to work exclusively with a complete paperless health record.
Essential action area for clinical laboratory management and pathology management
With the American economy in a tailspin, payers and patients want to delay or avoid payment for laboratory testing services. That is not good news for clinical labs and pathology groups. It means their billing and collection departments must perform at an even more productive level just to stay even!
At the same time, during poor economic times, “cash is King!” Clinical laboratories and pathology groups can protect cash flow and increase their revenues by boosting the effectiveness of their billing/collection efforts. This is a proven management strategy. In response to the glum economic news of recent months, proactive clinical lab directors and pathologists have begun devoting more attention and resources to their laboratory’s billing and collection department.
A variety of experts in laboratory coding, billing and collections have been tapped to share their expertise at the upcoming 14th Annual Executive War College on Laboratory and Pathology Management . It takes place on April 28-29, 2009 at the Sheraton Hotel in New Orleans, Louisiana. These experts can help you take your lab’s coding/billing/collection performance to the next highest level. That means more cash flow and increased revenue just when it is most needed by your laboratory.