Integrating Your Financing System with an Electronic Medical Record
Hospitals and medical centers are busy places, often with more than one entity for owners or managers to oversee. While the goal of every clinic is first and foremost to care for patients, they are still professional businesses that require smooth operations and adherence to local and federal regulations in order to remain open.
Just like any other business, healthcare centers are responsible for maintaining accurate, up-to-date financial records. However, medical accounting can be a complex process, especially when there are multiple locations involved. Fortunately, there is a solution that makes financial management more efficient and streamlined: the EMR.
What is an EMR?
An electronic medical record (EMR) is a digital version of a patient’s paper-based medical records. It is a comprehensive and organized collection of patient health information that is stored and accessed electronically by healthcare providers and medical staff.
EMRs contain a wide range of information about patients, including medical histories, diagnoses, medications, allergies, immunization records, lab test results, radiology images, and progress notes. Essentially, an EMR is a type of dashboard that stores every patient’s health information, designed to enhance the quality of healthcare delivery.
Benefits of Using an EMR
EMRs provide several benefits over clunkier accounting methods, such as using spreadsheets or multiple databases to access data. They allow for quick and easy access to patient information, eliminating the need for physical record storage and retrieval that accompanies traditional paper-based records. EMRs can be securely shared among authorized healthcare providers, improving coordination of care and reducing the likelihood of errors. They also empower medical professionals to make the best possible decisions, as EMRs provide comprehensive and up-to-date information for more informed diagnoses and treatment plans.
In addition, EMRs typically include efficient features, such as electronic prescribing, clinical decision support systems, and patient portals, which enable patients to access their own health information, schedule appointments, communicate with healthcare providers, and view test results online.
Using Lucentive for Better Financial Management
Lucentive uses best-in-suite cloud solutions to help medical centers better manage their finances. By integrating your EMR and Sage Intacct, we help healthcare organizations streamline their business processes and automate integrations between their EMR and accounting processes. This gives our clients total visibility using just one system to review their finances, reducing efforts of manual imports and saving valuable time.
Even better, Sage Intacct’s healthcare accounting software with Advanced Audit Trail is HIPAA compliant. Our security safeguards have been certified as HIPAA and HITECH compliant by Avertium (formerly Sword & Shield), and Sage Intacct is willing to enter into a Business Associate Agreement with eligible clients.
Having your EMR seamlessly integrated with Sage Intacct provides real-time financial operation, eliminates time on manual exports, offers increased visibility into billing and payments, and displays dashboard metrics for improved decision-making. Reach out today to learn more about how we can help.