Why Health Information Management is Crucial for Healthcare Organizations
Today, the healthcare industry is not just about physicians, surgeons, and allied healthcare staff. With the world being synced with information technology, it has become crucially important to professionally manage, organize, and analyze the enormous amounts of data that is generated daily in any healthcare setting – whether it is a physicians’ practice or a large hospital.
The intricate link between the insurance sector and the healthcare industry (or healthcare payer and healthcare provider) makes it absolutely essential that healthcare data is managed professionally. This is important for all the stakeholders in the healthcare transaction-from the patient to the healthcare provider and the insurance companies.
Some of the important aspects of health information management are medical coding, medical coding audits, and clinical documentation improvement. Together, all these elements, if professionally managed, will result in a powerful, accurate, and very effective health information management system for any healthcare organization.
Today, digital records have more or less replaced the old paper documentation. This makes it easier to record and retrieve even more data while using up minimal space for storage. Digitized health information makes it easier to ensure consistent and accurate levels of care between the different healthcare professionals they might see, increases the accuracy of diagnostics by providing up-to-date and meticulous data to healthcare professionals, and reduces the risk of errors during transfers to a different healthcare professional or healthcare organization. It also helps to keep health information data private and secure, accessible only to the concerned stakeholders, and nobody else!
Did you know that an effective clinical documentation process can help healthcare professionals provide better outcomes in terms of patient safety, reduce in-hospital infections, decrease the risk and rate of complications, etc., all based on the data that is managed and analyzed by HIM professionals? It can lead to the early detection and prevention of many chronic diseases. In the hands of public health professionals, this data is used to identify and rapidly respond to public health threats.
Efficient health information management also results in decreased revenue losses that typically arise from medical errors, medical coding errors, or documentation errors. This can be avoided by conducting provider education and revenue impact analysis which is all a part of clinical documentation improvement.
In the hands of a company like Invoke360, with a team of experienced and certified professionals, health information management for any organization becomes a smooth and streamlined process. Whether you’re looking to outsource your medical coding requirements completely (our remote medical coding team is at hand for this) or you’re looking to conduct medical coding audits that will help improve your existing coding systems quickly, or are looking for a complete clinical documentation solution, Invoke360 has just the answer for your challenges!