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Electronic Medical Billing System Vs. Traditional Billing System- Which Offers the Best ROI

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Technology in healthcare is growing by leaps and bounds. Services as solutions like mHealthelectronic health recordspatient engagement systems, and more are improving the healthcare industry today. Interestingly, providers also are investing in custom healthcare solutions that cater to their practice needs.    

In integrated healthcare systems, billing and coding tasks are also automated. Today, hospitals use electronic medical billing systems rather than traditional/manual billing. Undoubtedly, an electronic medical billing system offers plenty of benefits. Moreover, the processing and payment collection is faster and seamless. And this impacts the return on investment for the care providers.   

At OSP, one U.S-based client approached us with the challenge of replacing paper-based billing and claim management system. Using the traditional billing and claim management system, this client was facing multiple challenges. It wanted to deploy an automated billing system to manage its workflow and claims/reimbursements. So, we came up with a few solutions-   

Fully automated claims cycle and billing  
CMS coding automated  
Designated user models   
Intelligent Analytics  
Unpaid bill ratio  

With these solutions, the client organization managed to turn their paper-based system into a fully automated, electronic medical billing and claims management. It saved their additional IT support expenses and boosted the ROI.   

Key Areas in Electronic Medical Billing System That Impacts ROI

Return on Investment on implementing electronic medical billing systems is possible for a few reasons. There is no doubt that the electronic medical billing system helps providers improve their workflow efficiencies and reduce revenue loss. Here are some of the electronic medical billing system areas that boost ROI.   

1. Workflow Automation

There are plenty of steps to process a bill or claim in a typical billing environment. Manually, this process will take weeks. But handling this process through electronic medical billing can improve the workflow. Providers need not worry about missing out on essential things or information. The medical billing system will become more efficient with workflow automation and positively impacts the ROI. It’s perfectly ideal healthcare providers solutions that benefit integrated care management too.

2. EOB management

Managing paper-based EOB is still a challenging area. It requires complete automation to speed up the remaining documentation. Besides, providers are using electronic EOB often struggle to process and maintain the accuracy of the remaining documents. EOB data management helps providers find individual transactions based on patients’ names, claim numbers, and date of service. Moreover, the time taken to find and retrieve one EOB is hardly 15 seconds. This, too, saves additional expenses of providers boosting up the ROI. Providers can use cloud computing for medical billing solutions and EOB management in healthcare. Besides, providers can also resort to clinical data analysis to find accurate information.

3. Efficiency in Claim/reimbursement Processing

Medical billing management success depends greatly on claims processing efficiency. If the medical billing system software is integrated with EHR/EMRelectronic data exchanges help providers’ process bill payments and claims much faster. Moreover, everything is digital, saving time and costs related to managing claim denials and delays. Efficiencies in claim processing will also impact the providers’ ROI and overall revenue. Besides, providers can even deploy clinical informatics solutions or medical records management to handle the claims and reimbursement data in the medical billing system.

4. Space Efficiencies

Space efficiencies are another area in the electronic billing system that can boost ROI. Unlike traditional billing systems, medical billing software doesn’t require physical space to store documents. And digital documentation in medical billing software systems eliminates the cost of storage space in the hospital. So, providers need to retrieve the data whenever required from the system. This optimizes the ROI of the hospital, boosting the revenue of providers.

5. Administrative Efficiencies

One of the major impacts that traditional medical billing system has is an administrative burden. Hospital staff, including billers and coders, is stressed with unending administrative work. However, hospital billing systems automate administrative workflows. And efficiencies in administrative tasks mean more savings and better ROI.

How to Successfully Implement Electronic Medical Billing System?

Now that you understand how the electronic medical billing system improves and is best for the providers’ ROI. Implement electronic medical billing system successfully through these steps-   

1. Planning the implementation

As a provider, planning is a must if you’re transitioning from a manual system to electronic medical billing. Form a checklist of immediate goals and potential outcomes, identify the stakeholders involved, and make a timeline for the implementation project- follow these to implement electronic patient billing systems successfully.

2. Workflow adaption

When deploying new billing software, providers must document and analyze the existing billing workflows. It’s important to avoid errors during migration and in future bill processing.

3. Budgeting

This step is important to providers, especially if they are concerned about the ROI. Planning and budgeting go hand-in-hand whenever implementing a new health software. So, providers need to identify possible project costs and create a budget plan for stakeholders. Budget revisions and upgrades are common but making a provisional one is essential. This even helps providers understand the return on Investment.

4. Communicating internally with the workforce

Implementing electronic billing in hospitals requires effective communication among the internal workforce. The entire team engagement is essential for the success of the software. Moreover, each staff through internal communication, will understand their responsibilities better.

5. Analyze and choose vendor

Healthcare providers interested in deploying electronic billing systems can choose an ideal vendor. Choosing the right vendor is as important as the software. When choosing a vendor, adequate research, gathering reviews from peers, and negotiating proposals and contracts are all critical points to consider.

6. Implementation and compliance

The last two steps involve security compliance and implementation. Ensuring HIPAA compliance is a must for the healthcare billing software, as it assures providers and users of its safety. And once the specific electronic medical billing system is selected, it’s time for implementation. Providers need to collect existing data and migrate to the new system. Also, update the workflows, test the system, train users, and the final run. Just ensure seamless healthcare interoperability in the systems to transfer the previous patient data effectively.

Conclusion

In comparison to manual billing systems, electronic medical billing ensures a myriad of benefits that eventually boosts providers’ ROI. Nonetheless, medical billing software in hospitals assures faster processing, more savings, efficient workflows, and effective management of EOB. Moreover, some leaders also point out that EHR/EMR integrated electronic medical billing system also improves population health management. This is todays’ evolving practice that, combined with other digital solutions, will increase ROI, patient satisfaction, and providers’ financial performance. Just proper planning and execution are the most critical steps for an electronic medical billing system.   

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Original Post: osplabs.com

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Ohio Subdivision Committee Meets to Discuss Redrawn Maps

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The state’s bipartisan Ohio Subdivision Commission has long and repeatedly resigned prior to the midnight deadline.

Columbus, Ohio — Democrats Victory in the High Court This month, it seemed that they dug into their heels against another round of the Ohio Gerrymandering legislative map on Saturday.

The state’s bipartisan Ohio Subdivision Commission has long and repeatedly resigned prior to the midnight deadline set by members to come up with a compromise that would satisfy members of both parties.

In submitting the map on January 12, the Ohio Supreme Court granted a 10-day committee to approve the redrawn maps of the state’s 99 Ohio House districts and 33 Ohio Senate districts. The judge also retained the right to consider the new map.

Lawyer for a successful party Constitutional issues Earlier maps have determined to unfairly support the Republicans who portrayed them, stating that the deadline allowed under court rules is actually Monday.

In any case, the pressure of time is intense. The deadline for submitting primary candidates on May 3 is February 2, and State Secretary of State Frank LaRose has warned that the executive branch has already begun to be delayed.

Newly elected Democratic leader Allison Russo has accused the Republicans of refusing to support maps that more closely reflect Ohio’s voter preferences over the past decade.

“To achieve this goal, members of the Republican Commission must recognize the obligation to map to create at least 45 Democratic seats and 15 Democratic Senate seats,” she said in a statement on Friday. “Ohio people expect us to provide a fair and constitutional map by the court’s deadline. It’s our job to provide it.”

However, the Republicans are still very upset in the process, casting 5 out of 7 votes on the Commission.

On Friday, they came up with a proposal to break it down into 57 Republican and 42 Democratic seats, 20 Republican seats and 13 Democratic Senate seats.

Parties in the proceedings against the map — including voting rights and Democratic groups — Submit your own plan On Friday. The Ohio ACLU described the drawings as “technically perfect” when meeting the 2015 Partisan Equity and Balance Requirements Checklist approved by voters.

On Saturday, the Citizen-led Ohio Citizens Subdivision Commission submitted the proposed amendments to the Ohio House and the Ohio Senate. Map approved along the party line on September 16th. Due to the lack of democracy support, the plan is only valid for four years, rather than the ten years generally intended when the state redraws lines to reflect the total of the new 10-year census. Wouldn’t have been.

Democratic rallies in the House and Senate also submitted map proposals on Saturday, but Republicans were working to bring the first map closer to what the Democrats wanted.

Discussions continued between the Commission’s four legislative rallies and three state-wide officials, Governor Mike Dewein, Larose, and Keith Faber.

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Ohio State University Student Workers Organize Protests

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Dozens of Ohio State University students gather in frigid temperatures to protest behind the Ohio Union, and student workers pay the college a minimum wage of one hour to improve overall working conditions. I demanded that it be raised to $ 15 per.

As a student assistant at Ohio Union, Anthony Parker’s work varies from shift to shift. Senior Parker majoring in public policy often works in the canteen kitchen, preparing orders for grubhub drivers to receive.

Parker pays $ 10.50 an hour, and the workforce in Ohio is less than a delivery driver picking up his own food.

“The biggest problem among students is wages,” Parker said in a protest on Friday. “The problem is that wages remain low.”

Ohio State University pays student workers a variety of basic hourly wages. As the state raised the minimum wage from $ 8.80 to $ 9.30 per hour on January 1, the university raised the wages of returning student workers by the same amount this year. Employees with a tip earn $ 4.65 per hour. Most on-campus jobs are paid between $ 9.30 and $ 13 per hour, according to Parker.

Resident assistants earn $ 150 every two weeks and about $ 4.45 per hour, but those students don’t have to pay for housing and get discounts on meals.

University spokesman Ben Johnson said Ohio State University employs more than 15,000 student employees on six campuses.

“The university offers competitive salaries and benefits to retain and support key student employees and appreciates their contribution to campus life and land-granting missions,” he said. Said.

According to Parker, many student workers on campus are paid $ 10 an hour, which is not much compared to what they can earn off campus.

“Many places are understaffed and it’s easy to find nearby jobs that cost more off campus, like Target and Chipotle,” he said.

According to a 2018 Georgetown University survey, nearly 70% of all college students in the United States are working. However, the impasse in negotiations over raising the federal minimum wage, coupled with rising costs in higher education, means that most college students are not as well worth their spending as they once were.

Sixty years ago, college students who worked part-time during the school year and full-time at the minimum wage during the summer pay tuition, fees, and most rooms and boards at a typical public four-year college. I was able to. , According to the Urban Institute. Today, the same amount of work at the minimum wage covers only 57% of college tuition and fees, and 27% of room and board and other costs.

Jacob Mesman, a sophomore in geography and African-American and African-American studies, works from 1 am to 5 am at the front desk of the Dracquet Tower. He helps the locked out students, answers residents’ questions, and asks visitors to wear masks properly.

Mesman earns $ 9.30 an hour, but he said he couldn’t make any more by working overnight or on holidays, and that’s not enough.

“I will be paid for hunger wages,” Mesman said. “I sacrifice sleep, grades, and social life to work.”

Mesman said student workers are the “lifeline of the university” and ensure that everything goes smoothly. One day he asked what would happen if no one went to work.

Some jobs on campus pay higher wages. For example, student bus drivers start at $ 14 an hour, and college medical center employees earn $ 15 an hour. But Parker said it was a matter of principle to pay more to all student workers.

Instead of paying more for student workers, Parker said Ohio State University has a contract with a third-party employer called Upshift, which connects adults with part-time jobs in the area. He said the base fee for those jobs was $ 18 an hour.

According to Johnson, the university worked with Upshift in 2020 to meet short-term and temporary needs.

“Wages are determined by the market and other factors,” Johnson said. “The individuals referred through the Upshift app are not university employees. Students interested in this type of temporary work should apply directly to Upshift.”

The COVID-19 pandemic has radically changed the number of jobs many Americans see, and it did not exclude college students.

Students at the University of Minnesota called on the school in November 2021 to raise the minimum wage for student workers. In March 2021, more than 120 student workers at Kenion University in Gambia picketed the campus, saying the university had exploited student labor and practiced injustice. Labor policy during a pandemic that adversely affects some student workers. Since February 2020, graduate students from Columbia University, the University of Michigan, and the University of California, Santa Cruz have held at least three strikes.

Ohio State University students aren’t trying to form a union at this time, Parker said, but protesters are in contact with union organizers at Kenion and other smaller schools.

Although they have protested under various circumstances, Parker said Kenion’s union strike was “incredibly exciting.”

Ohio student protesters marched across the campus to Scott Dining Hall. We spoke with more student workers and Morgan Harper, a lawyer running for the Ohio Democratic Party in the US Senate.

Parker said he hopes Ohio State University leaders will listen to the demands of student workers. He said it was time for change between inflation making everyday life more expensive and rising tuition fees.

“It’s easy to handle all of this,” he said.

Mark Stansbury on the left, a member of the American Local 4502 Communication Worker, is outside the Student Union of Ohio State University Student Workers, who wants the university to raise the minimum wage for student workers to $ 15 per hour. I will talk on Friday in protest at.

Mark Stansbury on the left is a member of the Communication Workers of America Local 4502 and is outside the Ohio Student Union by Ohio State University student workers who want the university to raise the minimum wage to $ 15 per hour. I’ll talk on Friday in protest.

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Ohio State University Student Workers Organize Protests

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PCHFH Bingo Is Scheduled for February 10th

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Ottawa-Putnam County Human Habitat will host “Date Night: Tool & Purse Bingo” on Thursday, February 10th at VFW Post 9142, 212 W. Second St. All evening revenues support PCHFH’s new and important homes. Repair program.

“Habitat for Humanity is about building hope,” said Anne Coburn Griffith, Executive Director of PCHFH.

The master of the night ceremony is Big Kahuna from 106.3 The Fox. The organizers will also offer a $ 1 ticket, 50/50, and sweetbox prizes for a basket lottery that highlights local businesses, experience, and craftsmanship.

The door opens at 5 pm The game starts at 6 pm

Tickets are $ 35. Eight tables can be booked for $ 280. Tickets are 150 N. Oak St via www.putnamohhabitat.org. You can purchase by mailing a check to Putnam County Habitat for Humanity, sending a message on Facebook, or calling the office at 419-523-9621.

Secretary Anne Coburn Griffith and Executive Secretary Karen Meyer of the Patnam County Habitat of Mankind are surrounded by power tools and designer handbags to be featured at Tools & Perth Bingo on Thursday, February 10.

PCHFH Bingo is scheduled for February 10th

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