MOUNTAIN VIEW, CA--(Marketwired - Mar 1, 2016) - drchrono, Inc., the industry leading Electronic Health Record (EHR) and practice management platform on the iPad, iPhone and web, announced today that it has released a new version of the platform that now allows for electronic photo capture and storage of patient insurance cards and credit cards right from iPad, iPhone or Web.
The drchrono iPad EHR, drchrono iPad patient check-in app and web portal allow a physician to take a photo of a paper insurance card and move it directly into the drchrono platform. In addition, a patient can complete the same process right from the personal health record iPhone app, onpatient and send this information to their physician.
Removing Physical Insurance and Credit Cards Equals Faster Payments
drchrono is the first and only EHR to provide fully integrated electronic photo capture and storage of insurance cards, allowing patients to get rid of paper cards and have all of their vital identity information stored in one place. For doctors this is a major step forward for collecting payments faster, as the number one source of rejected claims is not having the right insurance information from the patient.
Based on the study data sample set of 10,000 medical claims that passed through the drchrono platform for 2015.
- Percent of patient accounts receivable (AR) is due to missing credit card: 39.22%
- Percent of rejected claims are due to bad patient insurance info: 55.85%
Michael Nusimow, CEO and co-founder of drchrono, states, "Incorrect information from patient's insurance cards are the single largest source of rejected claims for most practices. Not having a credit card on file for patients really adds up for a practice and is the single largest source of outstanding AR for most private practices in the U.S. Having both the correct insurance information and credit card information stored electronically on the drchrono platform will help the doctor get paid more for work they have already done and help reduce their days in Accounts Receivable that all of their claims go through. By fixing these two issues across all medical practices in the U.S. we are putting billions of dollars back into the pockets of private practice doctors."
Daniel Kivatinos, COO and co-founder of drchrono, added, "As a patient, when you're sick, bringing your insurance card or credit card to your doctor isn't on the top of mind. You are thinking about getting better and how can your doctor help. So having this information stored in your medical file at all times makes it easy for everyone: the patient, the doctor and staff."
Joubin S. Gabbay, M.D., mentions, "I love the vision of drchrono; its mission is to remove more and more paper from the workflow. Scanning insurance cards is a hassle for the staff, and we are now using iPhones and iPads to run all of our appointments as well as our operations, including patient payments. Having accurate patient information, including insurance and credit cards, stored electronically in one place makes payments faster and more efficient which enables our office to run smoothly."
About drchrono
drchrono creates the best EHR experience for physicians and their patients; the platform was built for iPad, iPhone, Apple Watch and web. drchrono has 90,000+ physicians signed up and 6 million patients to date. They were the first to implement medical speech-to-text, real-time patient eligibility checks and iPad-based medical billing. So far the company has booked 19 million patient appointments and processed over $1.2 billion dollars in medical billing per year. drchrono is ranked by Inc. 500 as one of the fastest growing private companies in America, listed for two years in a row for 2014 and 2015. Silicon Valley Business Journal designated drchrono as one of the fastest growing private companies and their EHR was voted the #1 mobile Electronic Health Record 3 years in a row by Black Book Rankings. For more information about drchrono, visit www.drchrono.com
