Thursday, February 14, 2008

Medical Accounts Receivables 21st Century

It appears that healthcare medical records are moving into the 21st century. Our health-care system is considered one of the most costly in the world. Many providers maintain their records in old fashioned filing cabinets, prescriptions scribbled on paper and patients must complete a medical history form with each provider.

If healthcare providers could use a universal electronic system that would give better access to information, it would cut cost of the BIG need to assemble patient records. The end result would be less mistakes, botched diagnosis, billions of dollars of unnecessary costs and lost productivity. Plus, create better coding and claims billing efficiencies.

On February 18th a pilot project began at the Cleveland Clinic/Google . The Cleveland Clinic, a not-for-profit medical facility founded 87 years ago, has invested millions in IT Projects. Google is not the first to enter this realm. In 2007 rival Microsoft Corp. introduced a similar service called HealthVault; and AOL Co- founder, Steve Case, is backing Revolution Health. C. Martin Harris, the medical center's Chief Information Officer, said that the Cleveland Clinic decided to work with Google to create a more efficent national health care system.

The systems are revolutionary but still a work in progress. The payoff is cutting healthcare costs and allowing patients access to their records.

However, the downside of this is these third-party services are not covered by HIPPA - Health Information Portability and Accountability Act.

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