By implementing a new EHR system, Horizon Family Medical Group not only improved workflow, but also netted a positive return on investment. The network of ambulatory care providers earned a 2016 HIMSS Ambulatory Davies Award for exceptional use of health information technology.
HFMG paid "in the mid six figure range" for the initial EHR implementation, most of which was "offset by Meaningful Use dollars initially," according to a case study (PDF) that was part of its application for the award. Begun in 2012, it captured revenues in “the seven figure range” within a few years.
While the implementation of the new EHR "had its obvious challenges," according to the case study, outcomes have improved. The company cut 30-day readmissions rates 30 percent, saw excessive alcohol consumption drop 18 percent for at-risk patients and boosted provider time with patients by 27 percent, according to HIMSS.
The revenues were generated from a pool of incentive dollars for providers that:
- Participated in value-based payment and patient-centered medical home models
- Upgraded EHR systems
- Complied with Meaningful Use standards.
The case study added that it aims to achieve a physician quality reporting system score at least one standard deviation above average, which results in 2 percent to 4 percent higher reimbursements from Medicare.