Why are Medical Records Important?

Why are Medical Records Important?

Medical records are important documents that include the patient’s medical history and current health status required to be reviewed each time before rendering any medical treatment to the patient to ensure quality healthcare services. Tracking and maintaining medical records can be challenging and cumbrous for physicians and medical practices. The U.S. federal law states these reports have to be maintained for a minimum of 7-10 years for each patient; meeting this requirement can be a laborious task needing backup and expertise support. The best option would be to outsource “Indexing Medical Records or Medical Records Management” to an industry expert adept with technological expertise and experience.

Benefits of Outsourcing Medical Records Management

Efficient management of Medical records is a primary requirement for Medical practices, physicians, and patients as it is fundamental in providing quality patient care, diagnosis, and determining the patient treatment accordingly. Therefore it is essential to have a streamlined process in place to maintain and manage these medical records in a systematic and easily retrievable manner.

Outsourcing Medical Records Indexing offers a gamut of benefits to all three parties mentioned above:

  • Helps determine the best treatment and medical services for the patients by accessing the previous medical history and current health status.
  • Easy retrieval of medical reports as and when required saves time and effort for medical practices and physicians which helps in uninterrupted medical services.
  • Outsourcing can be cost and time-effective and yield the best results with improved patient satisfaction and increased revenue.
  • Outsourcing to an established medical billing company like MGSI offers data privacy and security by protecting PHI in compliance with HIPAA policy.
  • Increase revenue by quality claims processing and faster medical billing.

Why choose MGSI as your Medical Records Managing partner?

MGSI has over 29 years of experience in complete Revenue Cycle Management Services and thereby has extensive experience working with clients of various sizes and specialties providing medical billing services and related services such as Medical Records Management, Physician Credentialing Services, Patient Eligibility Verification, Healthcare Contract Management and many more.  This experience and expertise make us one of the Top Medical Billing Companies in Tampa, FL. Partnering with MGSI helps streamline your Medical records and improve Medical billing and coding quality’ thereby improving revenue flow.