Federal healthcare initiatives tied to reimbursement, which invariably apply to all healthcare providers, tend to mean equal pain for unequal gain to specialty practices.
Specialists usually offer a higher rate of elective services and are therefore less dependent upon payer revenue, yet must transition to ICD-10 if they bill any payers at all. Similarly, though Medicare and Medicaid payments are usually a less significant portion of the revenue stream than for primary care providers, specialty practices must go through a rigorous attestation process when electing to pursue meaningful use incentives.
However, a properly specialized EHR can greatly relieve these burdens in a way that is not typically available to general practitioners. A vendor attuned to the needs of a specialty practice can recognize the initiatives tied to reimbursement that have nothing to do with the specialty, and, as a result, provide an IT solution that delivers maximum impact for those elements that do matter. Click here to read more.