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In This Issue
ACT NOW to take advantage of Section 179 TAX break
Paper a HOT Spot for GERMS!
Getting Gold Standard Revenue Cycle Management
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Issue: #007November/2011
Nurse and Doctors
Greetings!

 

Section 179 Tax Advantage ends 12/31/2011  

 

All of us here at eDocSecure hope everyone is well and enjoyed a wonderful Thanksgiving with family and friends. This year has been very busy for us and our Implementation Consultants continue to have a full schedule helping our customers get started and moving towards demonstrating Meaningful Use. Some of our communities, notably Citrus Valley and Good Samaritan have demonstrated a great deal of activity with many physicians joining the Allscripts family.    

 

With this in mind, I wanted to remind everyone of the Section 179 Tax Advantage which is going away at the end of this year. Please see the next section for further details on why not acting now could cost you heavily!  

 

Time is RUNNING OUT to take advantage of Section 179 TAX CODE which ends 12/31/11 

What is the Section 179 Deduction?
Essentially, Section 179 of the IRS tax code allows your business to deduct the full purchase price of qualifying equipment and/or software financed during the tax year. That means that if you lease Allscripts MyWay EHR/PM, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage you to buy equipment and invest in your practice. This is going away at the end of this year, so you have to act soon!
5 Step Guide Button 

Today, Section 179 is one of the few incentives contained in any of the recent Stimulus Bills that actually helps small business. Although large businesses also benefit from Section 179 or Bonus Depreciation, the original target of this legislation was much needed tax relief for Small Business - and millions of small businesses are actually taking action and getting real benefit.  

  • This should help explain why you need to ACT NOW on all purchases vs. waiting till next year.
  • Current Tax Benefits of Leasing NOW Section 179 with the Current Allscripts Promotion
  • First and foremost, this is going AWAY at the end of this year. Must Lease/Finance it NOW to take advantage. It will not be renewed next year!!
  • No Payment down with only $49 per month until June of 2012
  • Depreciate the equipment purchase 100%.
  • Physicians will recover 1/3rd of their investment in tax savings alone before making the 1st Payment.
 

 

Recent Studies show that Paper is a Hot-Spot for GERMS!!


Germs that reside on doctors' lab coats, nurses' uniforms and hospital bed curtains are known to contribute to an unacceptably high rate of hospital-acquired infections. And that's just for starters. It turns out that papers passed around hospital offices, labs and patient rooms are potent transmitters of germs too.

The fact that paper can carry bacteria is not a surprise. Other studies have demonstrated how filthy paper money is. The new study, however, makes clear that hospitals need to treat paper-transmitted bacteria seriously because the germs transfer from hand to paper so easily.

Researchers in Germany contaminated paper with four types of common bacteria and had volunteers handle the paper. They found that bacteria survived on the paper for at least 72 hours and could still be cultivated from paper a week later. The bacteria could be easily transferred from paper to hand and back to paper.

"Once contaminated, paper is hard to disinfect because it cannot be disinfected by chemical means, as other inanimate surfaces can," the authors noted. That means good old hand-washing will have to suffice. In addition, more hospitals are switching to electronic records although keyboards and screens require regular disinfecting.

Some hospitals are resorting to an additional strategy, noted the author of a commentary accompanying the study, published in the American Journal of Nursing. AJN editor-in-chief Maureen Shawn Kennedy writes: "In some hospitals, patients are expected to be their own last line of defense: they're told to ask every person who enters their room, 'Have you washed your hands?' "

It's hard enough to recover from serious illness without having to play germ sentry. 
Allscripts MyWay Dedicated Billing Services - Gold Standard Total Care

 

We are very excited to launch our new Gold Standard billing services, aimed initially at helping our customers transitioning to an Allscripts MyWay billing solution, we have now expanded this to include any practice that is looking to improve on collections for an overall lower cost. The eDocSecure Total Care continuous audit process ensures that every claim is tracked from the practice through final payment and zero balance.

 

ROI- Profit Each step in the medical revenue cycle must fit into a coordinated process to achieve top performance. Collecting maximum revenue in the fastest possible time at the lowest cost depends on accurate performance at each step. A mistake in the patient registration can cause an unnecessary denial of payment that delays payment and takes additional administrative time. A 5 second error at the front end can cost 30 to 60 minutes of time in downstream corrections and slow payment by weeks. The big challenge in tracking your revenue is divided payment responsibility. A primary payer can take 60 days, followed by a secondary payer and then the patient. Every service must be tracked for incremental payments over time. It takes a powerful reporting system to enable you to track your service income. You want to know:

  • Have your charges been submitted?
  • How much has been paid?
  • How quickly are your services turning?
  • What is due from insurance and patients?
  • Which payers pay the best?

We recognize that patients are your customers. We are representatives of your practice when we send statements and field phone calls. We provide a call center staffed by friendly experts who can answer patient questions and resolve the majority of their issues on the first call. We follow patient charges from the first statement within 5 business days of when they come due to collections within 120 days.

Total Performance

Excellent service requires each team member to be empowered to achieve peak performance.For a personalized Billing Proposal click here 

 

 Thanks for subscribing, as we travel this path towards achieving 'Meaningful Use' we want to assure you of our commitment to providing "Meaningful Value'  


Sincerely,

 JHSignature

John Hughes
eDocSecure HealthCare Solutions Inc.
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Watch how Dr. Peter Foreman of the Delmar Family Clinic uses Allscripts MyWay in his practice in Albany New York --- Click here for video - MyWay Albany 

 

See MyWay work with Dragon Medical Speech Recognition solutions and how it helps physicians document the patient's story through highly accurate software,Click to see Demonstration of Dragon Medical and MyWay 

 

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