PwC Finds EHRs Require Careful Analysis to Reduce Risk, Save Money

 
 
By Don Reisinger  |  Posted 2016-03-25
 
 
 
 
 
 
 
 
 
  • Previous
    1 - PwC Finds EHRs Require Careful Analysis to Reduce Risk, Save Money
    Next

    PwC Finds EHRs Require Careful Analysis to Reduce Risk, Save Money

    Analytics can help health care providers discover compliance issues faster, bolster data security and generate more revenue, a report from PWC concludes.
  • Previous
    2 - The Drive to Modernize Health Care Record Management
    Next

    The Drive to Modernize Health Care Record Management

    In 2009, the United States signed into law the American Recovery and Reinvestment Act, which called on the country to modernize U.S. health records within six years. Part of that law was the Health Information Technology for Economic and Clinical Health Act, which provided nearly $26 billion in federal funds to modernize health care IT. Billions more funneled into health care IT efforts in subsequent years, but without those acts, the implementation of EHRs would have been sketchy at best.
  • Previous
    3 - Health Care Providers Face Tight Timelines
    Next

    Health Care Providers Face Tight Timelines

    Federal regulations are forcing hospitals and other health care providers to implement EHRs under tight timeless, according to PwC. The firm found that health care IT professionals are forced to adopt advanced EHR platforms for major facilities, but aren't given the time it takes to do it right. That can often create gaps that result in costly issues.
  • Previous
    4 - Health Care IT Administrators Face Multiple Challenges
    Next

    Health Care IT Administrators Face Multiple Challenges

    The sheer number of challenges facing health IT in implementing EHR systems is shocking. In speaking with professionals, PwC found that IT professionals are first forced to deal with system integration issues and ensuring that the new EHR systems work with existing IT infrastructures. From there, IT pros need to be schooled on compliance and administrative risks that go along with safeguarding patient data. Simply put, there are pitfalls at every turn.
  • Previous
    5 - Find the Right EHR Tools—Or Else
    Next

    Find the Right EHR Tools—Or Else

    In one case study, PwC pointed to a health care organization that used only sample testing to evaluate the EHR's operation. The company discovered errors in record formats, with fields in the wrong areas and patient services being billed to the wrong insurance companies, resulting in lost revenue. While this sample testing approach was able to catch some issues mainly through sheer luck, it did not test all facets of the data-protection and revenue cycles. That was a serious problem.
  • Previous
    6 - System-Wide Testing Is a Necessity
    Next

    System-Wide Testing Is a Necessity

    The lesson that PwC's research teaches is that implementing EHRs requires system-wide testing. In every case, PwC argues, companies need to use system-wide data analysis to determine whether the EHR system can adhere to compliance regulations and "deliver the precision that regulators are demanding." The consulting company added that new data-mining and data-visualization tools (which it did not identify) can find all of the trends or aberrations that become costly issues when EHRs go live.
  • Previous
    7 - What to Do When EHR Systems Go Live
    Next

    What to Do When EHR Systems Go Live

    The time has finally come to go live with EHSes. Now what? According to PwC, companies often face "patient safety concerns, fee charging errors, revenue leakage, interoperability challenges," and even problems with medical devices and printers when going live. To address those issues, PwC recommends that IT pros analyze "upstream and downstream workflows" to find where the issues are. Companies that also use sophisticated analytics programs that work with their existing technology infrastructure can go a long way toward rooting out problems.
  • Previous
    8 - Implementing the Data Governance Process
    Next

    Implementing the Data Governance Process

    PwC says that its study of the health IT market shows that handling EHR data is a process. That process begins with having dependable data that is properly analyzed by a tool that can look at "clinical systems, modules and inputs." From there, the EHR platform goes live and its data is mined and tested for accuracy and integrity. When the analysis tools discover problems, PwC said, health IT pros can use the mined data to improve operations and achieve cost-savings.
  • Previous
    9 - Learning to Integrate Different Data Sources
    Next

    Learning to Integrate Different Data Sources

    One of the biggest challenges facing health IT professionals after EHR implementation, however, is handling vast amounts of data. PwC found that when health care providers implement EHRs, often several different data sources are used to create a record. It's necessary, therefore, for health IT professionals to integrate those varied data sources into a single usable dashboard that monitors inputs continuously. PwC found one company that did just that. The company's dashboard ran an audit that found several inefficiencies three years after implementation. The findings helped the company save more than $3 million in potential losses.
  • Previous
    10 - Failing to Analyze EHR Data Carries Serious Risks
    Next

    Failing to Analyze EHR Data Carries Serious Risks

    PwC pointed to one company that lost $2.5 million due to revenue leakage caused by not continually monitoring EHR data. On the other hand, PwC has found that it's possible for large health care organizations to save tens of millions of dollars by analyzing billing and ensuring patients and insurance companies are properly invoiced. In one case, proper analysis delivered more than $16 million in cost-savings.
  • Previous
    11 - PwC Finds EHR Benefits Outweigh Administrative Challenges
    Next

    PwC Finds EHR Benefits Outweigh Administrative Challenges

    Data analysis is critical to success with EHRs. But that's just the tip of the iceberg. PwC found that EHRs can positively impact hospitals and other major health institutions, as long as the IT side has the ability to continuously monitor communications in real time. The consulting company also argued that health IT professionals must have "enhanced oversight, auditing, and controls necessary to realize the potential that EHR systems tantalizingly offer."
 

Electronic health records and government regulations have pushed the medical profession into the digital age. However, as with anything that has gone digital, EHRs are now facing several issues that could put personal information at risk, create regulatory problems and pose new risks for health care providers. That's the takeaway from a recent whitepaper released by consulting firm PwC. The consulting company's position is that IT and health care administrators need to understand the risks associated with EHRs and how the use of advanced analytics can mitigate some of those issues. The study found that analytics could help health care providers discover compliance issues faster, bolster data security and, ultimately, generate more revenue. This slide show takes a closer look at EHRs and why the heavily regulated health care sector has become fertile ground for technology professionals to explore ways to implement data analysis and security technology to protect the integrity of health care records in ways that protect patients and service providers.

 
 
 
 
 
 
 
 
 
 
 

Submit a Comment

Loading Comments...
 
Manage your Newsletters: Login   Register My Newsletters























 
 
 
 
 
 
 
 
 
Rocket Fuel