NewswireToday - /newswire/ -
Charlotte, NC, United States, 2008/02/25 - PayStream Advisors publishes report on the state of the Healthcare Document Management Industry, focused on forward-thinking hospitals and health systems looking to automate their Medical Records and Business Office operations.
Who would have imagined that removing paper from the workplace would be more challenging than putting men on the moon? But that has been the unfortunate reality in healthcare financial processes, which have long been mired in labor and paper-intensive process. Not anymore. Medical Records departments and Business Offices at hospitals, which came under scrutiny for their heavy reliance on people and paper, are making great strides in automating their operations by leveraging a variety of technology solutions available in the market today.
Dave Tourville, Research analyst at PayStream Advisors, states that “current adoption of automation is on the rise in small and large facilities alike. We are very excited to see many mid-sized and smaller facilities rapidly moving towards less paper, even paperless environments. These aggressive technology adopters have learned that in many cases automation streamlines the revenue cycle from months to weeks and delivers a rapid return on investment.” He went on to say that, “Savings and efficiency-gains are really across the board. The average hospital of 200 beds will save between $150,000 and $300,000 a year by eliminating paper in the business office alone”
Many innovative healthcare financial managers now recognize electronic document management as an area offering significant potential for not only generating bottom-line improvements, like cost containment and productivity enhancement, but also delivering strategic benefits around improved access to patients’ clinical and financial records.
PayStream Advisors has developed the Technology Insight Series report titled "Healthcare Document Management: Improving operational efficiency throughout the healthcare enterprise" for those organizations that have an active interest in electronic document management solutions but need help identifying appropriate strategies, vendors and solutions. In addition to providing a market overview and the benefits of automation, the report includes in-depth profiles of eight leading providers in this space. The result is a series of in-depth vendor and solution profiles that healthcare finance, medical records, and business office professionals may use to support their automation initiatives.
The report features: EMC – HOV Services – Hyland OnBase – Perceptive Software – Optio Healthcare – SolCom – MedPlus – Streamline Health
PayStream Advisors (paystreamadvisors.com) delivers unbiased, third-party market trend information, assessments of financial automation technology, and innovative ideas to business leaders in healthcare, consumer billing, finance and treasury, accounts receivable and accounts payable. Call (704) 900-1677 or visit PayStream Advisors' website for more information.