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| Healthcare IT and Biotechnology News Release |
| News Home :: Healthcare IT and Biotechnology News Releases :: More News Releases on this day |
| Date of Publication: Friday, June 29, 2007 |
ChartLogic EMR Saves Minnesota Orthopaedic Surgeon $18,000 Annually in Transcription Costs |
| Dr. Lance Silverman explains the savings and efficiencies gained with adoption of EMR after one year of use. |
Edina, MN -- A powerful demonstration of ChartLogic Electronic Medical Record at the 2006 American Acad emy of Orthopaedic Surgeons annual conference in Chicago helped Edina, MN-based orthopaedic surgeon Lance Silverman, MD, finalize his decision to buy the EMR product. And now, less than a year later, Dr. Silverman is realizing benefits from cost savings to improved efficiencies in his practice and operating theater as he becomes a leader in the use of the product among ChartLogic clients.
"In addition to the demonstration at Academy, other key factors in my purchasing decision included ChartLogic's usability, its robust templates, and its sophisticated medical voice-recognition software," Dr. Silverman said. "Additionally, I knew another provider in our (Edina) area was using ChartLogic with great success and it gave me the idea that it would be an ideal product to try especially as most other products in the marketplace were far more expensive and didn't match the breadth of ChartLogic's features."
Dr. Silverman treats patients with orthopaedic conditions of the foot and ankle at his practice Silverman Orthopaedics P.C. He started searching for EMRs about two years ago. "The EMR is the first digital part of my office--I didn't care how hard the adoption was, I was determined to make the transition from paper to digital."
Dr. Silverman is one of the early adopters of EMR in a market estimated at $10 billion. There are more than 900,000 physicians in the US and surveys indicate that less than 10 percent of these have purchased an EMR system.
Additionally, a new national survey shows U.S. adults would prefer to deal with physicians and insurance companies that use digital records than those who do not, according to online publication Health IT. The survey was released early May at the Health IT: Unlocking the Potential summit in Washington, D.C.
The telephone survey was commissioned by Kaiser Permanente and conducted by independent research firm StrategyOne. Information was gathered from 1,000 consumers, aged 18 or older, using random dialing. Survey results included American adults favoring pr oviders (51 percent over 17 percent) and insurance carriers (68 percent over 16 percent) who use an EMR over those who do not. Seventy-two percent of American adults view a computer system as more efficient than a paper system when it comes to managing medical records.
Even before he marks the first-year anniversary of implementing electronic medical records at his practice, Dr. Silverman said he has immediately realized a return on his investment through the reduction of his annual transcription services cost of about $18,000 to less than $1,000.
Another significant impact on his practice, according to Dr. Silverman, is the enhancement in flexibility and efficiencies both in his practice and especially in the operating theatre. "I can take ChartLogic anywhere on my lap top and look at it; g o to another location tomorrow and not have to worry about dragging charts around as every record I need, with the exception of scanned documents, is contained in the program," he said. "I'm very pleased with the impact it has had on my t ime and efficiency in the OR. Not only can I review patient charts the night before surgery, I have the record in the surgery. I'm also able to send letters to referring physicians immediately following the surgery."
ChartLogic's user-friendly EMR has helped thousands of physicians across the country hurdle the transition from paper to a digital medical practice without headache or fear. Driven by its state-of-the art voice-recognition technology, which is cont inually refined by voice experts, ChartLogic EMR enables quick and accurate complete patient notes. The result is a 99.8 percent accuracy rate--one of the very best in the industry.
ChartLogic also enjoys the highest levels of customer satisfaction in the industry, with a customer retention rate of more than 96 percent against an industry average of about 70 percent. A proud leader in the EMR market, ChartLogic has more than 1,700 licensed physicians and 5,000 total users. For more information on ChartLogic, call Tim Barrett at 801.365.1839.
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