Inadequate information capture costing healthcare facilities big
Inefficient information capture is costing hospitals $5,000 to $20,000 annually per clinician, according to data from the Medical Records Institute (MRI). It turns out that information capture is the largest line item of information technology costs for all healthcare providers.
Like a domino effect, the time spent on information capture reduces the revenues of practices and also impacts reimbursement levels. However, it is possible for more efficient and accurate information capture to have the opposite effect and actually create better coding and higher reimbursement levels as a result, MRI said.
This issue will be discussed at MRI’s National Conference on Health Information Capture from September 18-20, 2006 in the Alexis Park Resort in Las Vegas, Nev. The conference will examine, through a series of real world case studies, the most efficient, accurate, time-conscious, and complete health information capture methods available.