The Benefits of Using an HRIS for Medicare
The Health and Human Services industry is one of the most regulated industries in the country and with the recent surge in new laws particularly in Medicare, the headaches for organizations within the industry are only getting worse. The Federal Government Health Program often requires a significant amount of paperwork, from forms to extensive reports. This can be tedious and frustrating for care providers and ultimately takes away from time with the patients.
Medicare administrative obligations have become a burden on care-providers and can be the cause of financial and patient loss. Those duties have proven to be problematic, especially for. Although many facilities are transitioning away from accepting Medicare due to the additional clerical work, there is one strategy that may assist facilities with ACA related tasks.
In order to cut back resources spent on documentation and other administrative responsibilities, it might be time to use your HRIS to its full potential. Modernized HRIS software has extensive functionality and can help automate those mandated reports and paperwork.
Most regulations require data from multiple systems, including your Electronic Health Care Record (EHR)/Electronic Medical Record (EMR), and General Ledger (GL). Having an HRIS that fully integrates with all three systems can centralize and streamline your data making gathering, tracking, and recording necessary data across numerous departments a simple task.
Reporting overload can cause backlogging and add more administrative tasks. From the Physician Quality Reporting System (PQRS) to Payroll-Based Journals (PBJ) and other HIPAA and ACA reports, it’s no wonder facilities struggle to keep up. With a modern HRIS, custom reports can be built based on your organization’s needs. Once configured, reports can automatically populate without manually searching and tracking data.
There are many revenue-generating benefits for using your HRIS for Medicare related tasks. With automated processes you can reduce staffing costs, due to less time spent on completing administrative tasks. Implementing an HRIS can provide real-time data and in turn help rid your organization of penalty fees for unfinished or outdated reports. Your HRIS can also help you build and improve your workforce, boosting your quality of care PQRS rating. This will help your facility maximize reimbursement rates based on the Value-Based Payment Modifier.
Staying compliant with Medicare can be difficult. However, your HRIS software could be the answer to reducing time spent on Medicare related back office tasks. Your organization’s HR data and technology has the resources to help you grow. Harness the power of your HRIS and bring the focus back to your patients and their needs today.