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24 October 2018

Practice Fusion

In 2002, initial costs of EHRs were estimated to be $50,000–70,000 per physician in a 3-physician practice. A 2011 survey estimated a cost of $32,000 per physician in a 5-physician practice during the first 60 days of implementation.[i]

·         Practice Fusion is the fastest growing certified EHR in the country with more than 150,000 physicians using the system.

·         The advantage of using Practice Fusion is that it is 100% free. 

·         The system utilizes a web-based cloud storage system where the EPs can access their charts from anywhere and anytime, which also reduces hardware and IT costs.

·         The information online is 100% HIPAA compliant and secure with bank level security.

·         The use of the system eliminates paper-based charts and reduces work for staff.

·         The average setup time for a Practice Fusion account is five minutes compared to other EHRs that can take up to 3 months.

·         Practice Fusion has integrated billing solutions to improve the earnings on payments.

·         There are no maintenance costs for system updates, which other vendors have been found to cost EPs up to $8500 per year[ii]

In 2012, Practice Fusion was ranked #1 in overall customer satisfaction ranking with a score of 9.42 out of 10.  Practice Fusion was also ranked #1 for meeting Meaningful Use with 98.5% users on track for receiving incentives from CMS. [iii] Furthermore, Practice Fusion was ranked #1 in e-Prescribing satisfaction.[iv]

[i] Fleming, N. S.; Culler, S. D.; McCorkle, R.; Becker, E. R.; Ballard, D. J. (2011). "The Financial and Nonfinancial Costs of Implementing Electronic Health Records in Primary Care Practices". Health Affairs 30 (3): 481–489. doi:10.1377/hlthaff.2010.0768. PMID 21383367, cited in Menachemi, N.; Collum (2011). "Benefits and drawbacks of electronic health record systems". Risk Management and Healthcare Policy: 47. doi:10.2147/RMHP.S12985

[ii] Miller, R. H.; West, C.; Brown, T. M.; Sim, I.; Ganchoff, C. (2005). "The Value of Electronic Health Records in Solo or Small Group Practices". Health Affairs 24 (5): 1127–1137.

[iii] Based on a Brown-Wilson survey of over 334,000 EMR users of Top Ambulatory Electronic Health Records Vendors, Black Book Rankings, 2012)

[iv] Based on a Brown-Wilson survey of over 250,000 EMR users (2013 State of the e-Prescribing Industry, Black Book Rankings, 2013)