How Photo-Stat Saves Physicians Time & Money – Photostat

physician-costsIn order for healthcare facilities to be productive, they require a certain amount of patients to be seen on a daily basis. For proper reimbursement from insurance companies, physicians are sometimes forced to spend less time with a patient during their appointment. Because insurance companies only reimburse a certain amount to physicians for certain types of visits and procedures, doctors are more pressed for time; and therefore, have less time to spend with patients. The more patients the doctor can see in a given day, then the more they will be reimbursed from insurance companies. The pressure to see more patients also results in additional paperwork and administrative tasks.. Physicians are required to document patient health information for every patient, and that patient information may also need to be released to other entities. In a recent study, it was reported that physicians spend 49.2 percent of their time doing paperwork. This can be a laborious and time-consuming task for physicians on top of the amount of work they already perform. To help assist with these processes, physicians need to have a HIPAA compliant administrative team. Unfortunately, many healthcare offices do not hire the right individuals to perform these tasks, and an error here could cost practices a large amount of money. The penalties for noncompliance are based on the level of negligence and can range from $100 to $50,000 per violation (or per record), with a maximum penalty of $1.5 million per year! Many medical record clerk positions employ entry level candidates to do these tasks. By choosing to hire low-cost employees, physicians may jeopardize health information, and also risk a huge fine if records are not released properly.

Physicians can save a significant amount of time and money by choosing Photo-Stat. Photo-Stat has HIPAA credentialed employees that are highly experienced and skilled in processing record requests. In addition to these HIPAA educated employees, Photo-Stat is also HITRUST credentialed. This offers healthcare facilities the highest level of protection and security for health information. Photo-Stat is also insured by a $3ML liability insurance policy. This insurance policy covers data breaches, and can be customized to accommodate any medical facility’s policies and procedures to ensure the integrity of their patients PHI at all times. With Photo-Stat’s services, physicians can spend more time with their patients and less time dealing with administrative tasks. This ultimately improves patient satisfaction and quality of care. Photo-Stat streamlines medical record processes in a variety of ways, including: on-site, remotely, centralized, and as shared services. Healthcare is constantly evolving and Photo-Stat is equipped to handle these changes in the most efficient way possible so that physicians save both time and money!

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