Making it Rain – Cloud-based Healthcare to Reach $10 Billion

Cloud-based EMR software expected to reach ten billion dollars

Experts in the healthcare industry estimate that cloud computing throughout healthcare will reach nearly $10 billion. MarketsandMarkets predicts that the industry will be seeing an increase from $3.73 billion this year to a jaw-dropping $9.48 billion by the year 2020.

Understanding what this means for healthcare professionals

As a healthcare professional, you may be noticing the changing environments and the increased discussion around information technology in the healthcare industry. As EMR software companies struggle to keep up with MU requirements, maintain compliance with strict HIPPA regulations, and offer solutions at affordable costs (some, not all), professionals using various electronic healthcare recording software available have an increased sense of feeling overwhelmed.

Keeping it simple through all the complexity

Frequently noted across blogs, articles, and journals, the increasing number of EHR software companies are competing neck-to-neck in order to grow their customer base and stay ahead of the competition. Although very few companies truly offer all-in-one solutions for practices, clinics, and hospitals, there is one company that does.

With well over 20 different platforms developed for specialties throughout the entire medical field, companies like Meditab, FertilityEHR, CosmetiSuite, and AllergyEHR are all-encompassing.

These companies offer features not limited to scheduling, billing, claims submissions, secure messaging, patient portals, tools for practice analysis, referral management, electronic prescription ordering, lab test ordering and viewing, secure document transmission and viewing, and much more.

How to find an EMR that’s a perfect fit for you

Most companies offer demos so be sure to take advantage of this opportunity before making a long-term commitment. Through proper research and testing, any of these companies above may prove to be exactly what your practice needs.

Your Practice Might be Audited Next – How to Prepare

Because the Centers for Medicare and Medicaid Services has shelled out about $19 million of their $27 million budget in just three months, physicians should assume that they will be audited and make preparations so they are not caught off guard and the audit goes as smoothly as possible.

Audits have been occurring frequently across the country, so in order to prepare physicians should follow these seven strategies:

  1. Assume you will be audited - Make sure your office retains all documents auditors will ask for so you meet the specific requirements and have a solid foundation for responding to the audit.
  2. Handle the audit promptly - Complying with an audit means you will have to complete a long list of tasks to prove every transaction, which can be tedious, but it is crucial that you do not lash out at the auditor and respond to the audit request in 14 days or less.
  3. Physicians take charge - While you might want your practice manager to take control of the audit, make sure you, as the physician, are involved and know what is going on so nothing slips through the cracks. It is your business that is on the line.
  4. Avoid discrepancies - The main thing auditors look for are discrepancies between what was submitted during the attestation process and what was actually done. The audit will request a document list so make sure you provide all the documents needed and in a timely manner.
  5. Ensure EHR certification - Make sure you have certification from your vendors confirming the version of EHR system  you are using and if your system is upgraded that your certification didn’t change and if it did that you also upgrade that.
  6. Documentation - Above all, it is critical you have an auditable source for all data used for registering and attesting to meaningful use. This not only includes the data presented on the meaningful use reports generated by the EHR, but evidence of all ‘yes/no’ objectives.
  7. Complete a Security Risk Assessment - This is an area that trips up many physicians because even though it became mandatory for physician practices to implement HIPPA, it is something many are still unfamiliar with. Neglecting the risk assessment can not only place physicians at risk of paying back incentive money, but they also risk a penalty from the U.S. Department of Health and Human Service’s Office for Civil Rights

For more information on these strategies see the following article, published by Medical Economics –,6&contextCategoryId=146