More paperwork, regulations in 2014 for U.S. healthcare industry

Posted Feb 21, 2013 by Andrew Moran
It’s a pretty common scenario for a doctor, secretary or a healthcare administrative professional: stacks of paperwork, endless forms to fill out and perhaps even antiquated health technology systems. Are there any remedies?
File photo: The healthcare IT industry in Berlin.
File photo: The healthcare IT industry in Berlin.
Whether it’s in the United States, Canada, Great Britain or any other developed nation, the healthcare industry involves a lot of administration. Over the course of the next few years, administrative clerks working in healthcare will have to deal with even more paperwork, regulations and costs as President Barack Obama’s Patient Protection and Affordable Care Act arrives next year.
Three Congressional committees, including the House’s Ways and Means Committee, have released the Obamacare Burden Tracker, a measurement of the legislation’s regulations that many call burdensome and excessive.
The tracker found that the president’s regulations will cost Americans an additional 127 million hours each year due to completing paperwork and related healthcare documents. The reason why is because the legislation, which is more than 2.8 million words, maintains at least 157 different rules.
As Obamacare goes into effect in 2014, officials expect that the number of hours will increase because more updates will be issued as the year progresses. Aside from paperwork, industry leaders and insurance companies project the prices will soar over the next several years because those affiliated with healthcare have to abide by new laws and regulations.
Will it be a difficult process? Perhaps. Can it be a whole lot easier? Well, many firms in the U.S. are attracting a great number of clients to make the transition more affordable, efficient and simpler. One of these entities is CHMB Solutions, a healthcare company that offers services to solve finance, regulatory and technology issues for health systems, hospitals, physicians and other industry leaders.
CHMB Solutions offers an array of products and services, which have made the company quite successful and known throughout the U.S., including Revenue Cycle Management (RCM), EHR/PM adoption and installation and healthcare Information Technology (IT) implementation and integration.
For those just entering the industry, it also provides management consultant services to help in practice start-up, assessment and training.
It was established in 1995 by co-founders Bob Svendsen and Janet Boos and is located in Escondido, California. It maintains a staff of about 369 and has posted a three-year growth of roughly 172 percent. Due to such growth, it has announced that it will be expanding into the Midwest healthcare market and its senior leadership will be offering their health systems to clinics and businesses in that region.
Over the years, CHMB Solutions’s administrative and clinical offerings have assisted physicians, hospitals and healthcare clinics to reduce operational costs, increase cash flows and utilize innovative technologies that enhance patient experiences as well as administration for office clerks. Indeed, using the services of CHMB Solutions may conceivably “create a sustainable platform for the future.”
“There’s an increasing demand for our core service offerings in the Midwest and the timing is right to leverage our technology optimization and RCM services to health systems and to more community physician groups who are struggling with a combination of meeting the meaningful use and governmental mandates and have consolidation and technology initiatives.” said Bob Svendsen, CEO of CHMB, in a press release.
The private marketplace has certainly expanded, enhanced and transformed the healthcare sector. With proven track records, akin to CHMB Solutions, the industry is making that giant leap towards touch screen technology, electronic health records and advanced medical administration.
Until hospitals employ Watson, the IBM supercomputer, to perform a doctor’s duties – the supercomputer will be consumed with medical journals and textbooks – healthcare leaders will have to deal with the present state of technology.