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In an evolving healthcare landscape, it has become increasingly challenging for private practices to maintain independence. However, an integrated EHR offering can make all the difference, according to Paul Brient, executive vice president and chief product officer at EHR vendor athenahealth.Indeed, over 100,000 physicians have left private practice and become employees since 2019, according to a study sponsored by the Physicians Advocacy Institute.Much of the complexity that healthcare practices face lies within revenue cycle management (RCM), according to Brient. While reimbursement has always been a complex aspect of healthcare, practices are looking to adopt new payment models as the shift to value-based care continues. Value-based care ties reimbursement to the quality of care provided, compared to the traditional fee-for-service model, which pays providers for the number of services performed.
Reports show independent practices have found value in the integrated EHR offering. Earlier this year, athenahealth earned the 2024 Best of KLAS Overall Physician Practice Vendor award, which KLAS awards to vendors with ambulatory EHR and practice management systems ranked in multiple-size groups for independent practices."Just like physicians cure patients, we cure the complexity problem and make it so that the physicians can focus on delivering care, which is what they went to medical school and chose the profession to do, not deal with all the complex regulations on how to get paid and how to stay compliant," he emphasized.Recently, the vendor launched a service supporting the Medicare Chronic Care Management program. This value-based care model encourages practices to provide care management services to at-risk patients.
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