What makes Novoclinical different from other EHR(Electronic Health Record) systems?
Our system took 15 years of development to integrate technology in a way that actually makes sense for the practicing clinician. In this environment of decreasing reimbursement for medical procedures and cognitive care, the extraordinary overhead of medical practice is not going to be sustainable much longer. As reimbursements plummet and overhead climbs, a practice inevitably reaches a point of inviability, as we have all seen throughout the US this past decade. Providers know they need to cut costs, but cutting staff or radically changing operations with current technology threatens productivity.
Other systems add significantly to the already high cost of running a practice, which compounds the problem. When comparing systems, take a moment to consider how this decision will affect your bottom line forever. The average clinical practice these days has an overhead anywhere from 35-55%. With full use of our 360° solution, an overhead of 10% or less is achievable, even for a moderately producing practice.
Full integrated use of Novoclinical eliminates the need for transcription, medical records, coding and billing, as well as accounting. Imagine not having a back office of 3 or more employees each at a cost of $15-$20 an hour with the additional cost of health insurance, etc. We have clinics that have reduced staffing levels by over 80%. The ability to eliminate just 1 such employee saves twice the monthly cost of the system. Certainly not every practice is looking to cut personnel, but it is also possible to redirect personnel toward profitable utilization. Some of our physicians have reassigned nursing staff to CCM(Chronic Care Management) and RPM(Remote patient monitoring) duties to expand the scope of practice, turning employees into true extenders rather than loss leaders.
Novoclinical uses artificial intelligence algorithms to read and interpret dictated notes, instantly executing complete revenue cycle management as well as ordering labs, radiology and consultation directly from the note without a separate ordering interface. Over 95% of claims require no human interaction between dictation of the note through closing of the account. Taking humans out of the cycle eliminates errors so that our rejection rate is 1 in 500, with receipt of electronic payment averaging 5 days.
Imagine starting a practice with only one employee–15 patients per day efficiently managed with one combination reception/MA or nurse. Some of our physician clients easily manage far busier practices with no more than one employee. We have not seen anything close to this achieved with any other EHR(Electronic Health Record) system. Such a dramatic overhead reduction enables profitable practice growth.
Only Novoclinical can do this. Others making this claim are just outsourcing overseas.
Ours is a completely intuitive automated system with close to zero rejection rate, practically zero wait time, and 100% transparent reporting. Those posing as AI based logic systems are typically nothing more than Kafkaesque monstrosities supported by sweatshops 12 time zones away. You can strap a steering wheel onto a mule, (but I wouldn’t recommend taking it on the Autobahn.)
Tour our system and see what is possible with Novoclinical, and what a pleasure medical practice can be. Once seen, we don’t think you will ever want to go backwards. Like it or not, you’re already on the Autobahn. Wouldn’t it be more fun in a Porsche?