drchrono has released a new version of its Electronic Health Record (EHR) and practice management platform that now allows for electronic photo capture and storage of patient insurance cards and credit cards right from iPad, iPhone or web. Also, a patient can complete the same process right from the personal health record iPhone app and send this information to their physician.
The updated solution allows patients to get rid of paper cards and have all of their vital identity information stored in one place. On the other hand, this is also a major step forward for collecting payments for doctors, as the number one source of rejected claims is not having the right insurance information from the patient.
The updated solution allows patients to get rid of paper cards and have all of their vital identity information stored in one place.Based on the study data sample set of 10,000 medical claims that passed through the drchrono platform for 2015, 39.22 percent of patient accounts receivable (AR) is due to missing credit card, and 55.85 percent of rejected claims are due to bad patient insurance info.
“Having both the correct insurance information and credit card information stored electronically on the drchrono platform will help the doctor get paid more for work they have already done and help reduce their days in Accounts Receivable that all of their claims go through,” Michael Nusimow, CEO and co-founder of drchrono, said in a statement. “By fixing these two issues across all medical practices in the U.S. we are putting billions of dollars back into the pockets of private practice doctors.”
Earlier this year, drchrono has teamed-up with doctor-booking service ZocDoc to allow medical professionals using both platforms to easily sync their calendars and EHRs.