Between 44,000 and 98,000 Americans die each year as a result of medical errors, making them the 8th leading cause of death in the United States. It is estimated that medical errors result in approximately $29 billion in excess health care expenditures and lost productivity each year.

Billing Depot saves Physician’s Practice thousands of dollars by providing a leading-edge EMR technology bundled with the billing service at no extra cost.

EMR technology contributes to medical practice in four ways:

cost reduction, revenue enhancement, administrative efficiency, clinical efficiency.

Cost reduction with EMR

• Hire more physicians without hiring more admin staff. Minimal time spent on chart management (searching, assembling, reassembling, and filing charts) because of centralized management with distributed access.
• Reduce cost of storage space (estimated $3 per chart)
• Eliminate cost to pull and refile chart = $5 * for all visiting patients + 60% for non-visiting patients; Chart pulls for non-visiting patients include medication refills, lab results, phone consultations, and correspondence.
• Create transcription savings from in-house to outsourced and spend more time on transcribing instead of on managing charts
• Reduce chart copy time
• Save on malpractice insurance (5%)