How EHR Data Mining Can Drive Revenue for Your Eye Care Practice - PowerPoint PPT Presentation

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How EHR Data Mining Can Drive Revenue for Your Eye Care Practice

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A good EHR, like the system offered by Eye Care Leaders, will allow you to build your own queries on any data field to find patients, data, and other key points. Built-in data mining tools will give you a ton of flexibility, such as the ability to search by address, payment status, claims denial, and even medical condition. – PowerPoint PPT presentation

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Title: How EHR Data Mining Can Drive Revenue for Your Eye Care Practice


1
  • How advanced analytics can bring more revenue to
    your eye care practice
  • Data is the new frontier in American business
    today. Data can be used by smart organizations to
    do a host of important things, such as
  • Learn more about their customers
  • Turn what was learned into improved user
    experiences
  • Personalize interactions with customers,
    particularly B2C customers
  • Improve loyalty to your business
  • Create better products and processes
  • Improve the quality of the services you offer
  • Reduce costs
  • And more
  • The use of data in business, of course, has been
    around for years, but it was mostly the domain of
    large businesses that had the time, resources,
    and staff to collect large amounts of data and
    then analyze it and then actually use it to
    create new processes, improve relations, lower
    costs, and more.
  • But now, a new era of tools is making it easier
    than ever for businesses of literally any size to
    collect data that can be used to improve their
    operations and put money in their pockets. For
    eye care practices, this data generator can be
    found in the form of electronic health records.
  • Using electronic health records to generate data
    for your eye care solutions
  • An electronic health record, of course, is an
    electronic version of a patients medical history
    that providers maintain over time. It can include
    a wide variety of information about the patient
    and their condition, including test results,
    allergies, medication history, surgery results,
    preferences, and more, and though various
    interfaces can be used to make appointments and
    send and receive secure messages.
  • When used properly, an electronic health record
    (EHR) can be used to
  • Reduce medical errors by improving the accuracy
    and clarity of medical records

2
  • Make health information available to all relevant
    parties, which reduces delays in treatment and
    makes both patients and health care providers
    able to make better- and better-informed
    decisions
  • Electronic health records can be used to gather a
    wide array of data about patients and your
    practice. These data can include
  • Demographics Age, sex, gender, and race
  • Diagnoses Diagnosis, severity, and medical
    history
  • Lists of problems Active diagnoses and resolved
    diagnoses
  • Medications Prescriptions written, and OTC
    medications suggested or taken
  • Vital signs Body mass index, weight, height, and
    blood
  • pressure
  • Lab data Radiology, pathology, and other
    important reports
  • Lab orders CBC results and HbA1C levels
  • Immunizations HPV, IPV, Hep B, COVID-19
  • Allergies Food allergies, medication allergies,
    and latex allergies
  • Advanced electronic health records are also being
    utilized to record and store a new generation of
    emerging data types. These emerging data types
    may include
  • Genetic information Genome sequence data
  • Bio sample data Meta data about a biological
    sample

ways for example, charity work, often an
inexact science that takes a
3
  • great deal of back-office time and resources, can
    be simplified using demographic data that reside
    in electronic health records.
  • How can optometry EHR data impact an eye care
    practices revenue cycle?
  • Electronic health records are where you will find
    the nuts and bolts of patient payment
    information, including registration, insurance
    eligibility, authorization, revenue capture,
    coding, claim scrubbing, denials, and more. With
    the right cloud based EHR system, the delivery of
    care is recorded instantly. This can lead to
    faster claim generation and cut out they need for
    a lot of review by back-office support staff. The
    automated processes bult into a good practice EHR
    system can cut down on input errors and claim
    denials.
  • Electronic health records can also be used to
    assist in revenue integrity. This can cut down on
    revenue leakage and even compliance risk through
    these of internal controls. Data and analytics in
    EHRs can quickly analyze accounts, for example,
    to see if a charge is missing or obviously
    incorrect based on the clinical procedure or a
    pre-set list of parameters.
  • Do you have trouble with claim denials? Smart
    electronic health record systems can address
    denial management by breaking down processes to
    find the root cause of a problem, whether it is
    with a specific insurer or a specific product or
    clinician practice.
  • Put EHR data to work in your eye care practices
    marketing
  • Data from EHRs can also be used to benefit your
    marketing operations. By digging into your data,
    you can
  • Automate compliance measures
  • Facilitate agent marketing
  • Put together enrollment kits
  • EHRs can help you mine data and increase revenue
  • but only if you choose carefully
  • Every electronic health records software system
    is slightly different and will have slightly
    different features. To use it to the best of your
    abilities, who need a system that you and your
    staff can use effectively and with minimal

training. Key to data mining to increase your eye
care practices revenue is
4
that you will need to have powerful search and
query tools that supply support for the types of
analyses you want to engage in. A good EHR, like
the system offered by Eye Care Leaders, will
allow you to build your own queries on any data
field to find patients, data, and other key
points. Built-in data mining tools will give you
a ton of flexibility, such as the ability to
search by address, payment status, claims denial,
and even medical condition. EHRs can be the
solution you are looking for if you want to earn
more revenue for your eye care practice. To learn
more about EHR tools from Eye Care Leaders,
contact them today.
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