{"id":3442,"date":"2024-01-05T12:25:40","date_gmt":"2024-01-05T12:25:40","guid":{"rendered":"https:\/\/www.vozohealth.com\/blog\/?p=3442"},"modified":"2024-03-12T05:41:33","modified_gmt":"2024-03-12T05:41:33","slug":"easily-optimize-reimbursement-with-vozo-ehr-in-a-large-hospital-system","status":"publish","type":"post","link":"https:\/\/www.vozohealth.com\/blog\/easily-optimize-reimbursement-with-vozo-ehr-in-a-large-hospital-system","title":{"rendered":"Easily Optimize Reimbursement with Vozo EHR in a Large Hospital System"},"content":{"rendered":"\n<p>With the rising costs of providing care, declining reimbursements have put immense financial pressure on health systems. Maintaining positive margins is crucial yet challenges remain in optimizing revenue cycle management.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Suboptimal electronic health record (EHR) software implementation and workflows often lead to deficiencies in documentation, coding, and billing processes. <\/p>\n\n\n\n<p>This results in failures to capture appropriate provider charges and increased claim errors that diminish financial returns.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">RELATED: <a href=\"https:\/\/www.vozohealth.com\/blog\/delegated-credentialing-enabling-providers-to-give-faster-care-get-quicker-reimbursements\" target=\"_blank\" rel=\"noopener\" title=\"\">Delegated Credentialing: Enabling providers to give faster care &amp; get quicker reimbursements<\/a><\/h4>\n\n\n\n<h2 class=\"wp-block-heading\">Major Potential Gains Available by Optimizing Vozo EHR Systems<\/h2>\n\n\n\n<p>A recent example demonstrates the revenue opportunities possible when large hospital networks reevaluate their EHR tools and documentation practices. <\/p>\n\n\n\n<p>One major health system saw significant financial improvements within a year of overhauling its EHR system and clinical workflows including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Total reimbursements increased by over $60 million<\/li>\n\n\n\n<li>Claim denials were reduced by over 50% saving hundreds of millions<\/li>\n\n\n\n<li>Coding accuracy improved from 79% to 95%<\/li>\n\n\n\n<li>Overall annual patient service charges increased by over $500 million<\/li>\n<\/ul>\n\n\n\n<p>By ensuring the Vozo EHR system enhances, not hinders, reimbursement processes these results are achievable for any health organization. <\/p>\n\n\n\n<p>Upgrading documentation practices and reducing claim errors unlocks revenue already being left on the table.<\/p>\n\n\n\n<p>As payment models shift towards value-based care, accurate capture of provider services through enhanced EHR use will become increasingly important. <\/p>\n\n\n\n<p>Those who optimize first will gain financial stability and a competitive edge.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\">RELATED: <a href=\"https:\/\/www.vozohealth.com\/blog\/medical-billing-for-faster-reimbursementshow-to-succeed#more-807\" target=\"_blank\" rel=\"noopener\" title=\"\">Medical Billing For Faster Reimbursements: How To Succeed?<\/a><\/h4>\n\n\n\n<h2 class=\"wp-block-heading\">Opportunities to Evaluate for Improvement<\/h2>\n\n\n\n<p>When assessing their revenue cycle management practices, health systems should evaluate:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Gaps in documenting billable services<\/li>\n\n\n\n<li>EHR interface with billing systems<\/li>\n\n\n\n<li>Claim errors leading to denials<\/li>\n\n\n\n<li>Provider documentation workflows<\/li>\n\n\n\n<li>Coding accuracy and complexity<\/li>\n\n\n\n<li>Current EHR system usability<\/li>\n<\/ul>\n\n\n\n<p>Even small gains in these areas can positively impact reimbursements. <\/p>\n\n\n\n<p>Yet, many health systems underinvest in optimizing their EHR tools, workflows, and documentation training.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Vozo&#8217;s Comprehensive Reimbursement Service for Hospitals<\/h2>\n\n\n\n<p>If you\u2019re searching for the Best Reimbursement Service, Vozo is here with a complete solution.\u00a0<\/p>\n\n\n\n<p>Vozo understands the unique needs of individual clients providing the best solution that caters to their needs and requirements.\u00a0<\/p>\n\n\n\n<p>Vozo\u2019s intelligent software and specialized tools were created specifically to simplify provider workflows while keeping billing needs in mind.&nbsp;<\/p>\n\n\n\n<p>Features like intuitive templates, real-time guidance, and automation help clinical users capture comprehensive visit details without disrupting their responsibilities.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.vozohealth.com\/talk-to-us\" style=\"background-color:#2250fc\" target=\"_blank\" rel=\"noreferrer noopener\">Contact Us<\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>With the rising costs of providing care, declining reimbursements have put immense financial pressure on health systems. Maintaining positive margins is crucial yet challenges remain in optimizing revenue cycle management.<\/p>\n","protected":false},"author":1,"featured_media":3969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[420],"class_list":["post-3442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rcm","tag-reimbursement"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/posts\/3442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/comments?post=3442"}],"version-history":[{"count":5,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/posts\/3442\/revisions"}],"predecessor-version":[{"id":3452,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/posts\/3442\/revisions\/3452"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/media\/3969"}],"wp:attachment":[{"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/media?parent=3442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/categories?post=3442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vozohealth.com\/blog\/wp-json\/wp\/v2\/tags?post=3442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}