Why Healthcare Companies Need DM
Between the Health Insurance Portability and Accountability Act (HIPAA), Security Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) and Sarbanes Oxley Act of 2002 (SOX) healthcare companies are facing intense pressure to satisfy all of their federal and state requirements, while still maintaining their competitive edge.
This requires companies to provide top-notch patient care and lower operational costs. The two don’t necessarily go hand-in-hand. A typical office handles tens of thousands of documents and images throughout any one year, all of which have to be stored, organized and accessible for later use. That means every patient chart, insurance claim form, benefits explanation, authorization form, HR document and countless other pieces of information have to be stored in a way that is both secure, but easily reachable.
The process of creating and implementing a system that satisfies every governmental regulation without compromising patient care is complex in and of itself. Keeping that system running, though, is a whole other challenge, especially when information is handled using time-consuming, manual processes.
The solution for the increased regulatory pressures, as well as the competitive pressures, is a secure, easy-to-use, powerful content management and workflow automation software that allows companies to capture, manage, process and search for patient information, even if it’s housed in multiple applications.
The Paperwise Difference
Our flagship document management solution has been user-tested for 20 years and allows companies to manage their information using electronic file cabinets and document barcodes. Paperwise automatically archives and organizes company information based on parameters that are built-in to the system as dictated by administrators. This ensures that all corporate policies and procedures—whether archival, organizational or compliance—are followed.
The software also integrates with management systems, like Meditech, so that information can be captured as close to the first touchpoint as possible. Paperwise was built to satisfy a need in companies with overwhelming amounts of data to simplify and expedite their business processes. The sole objective for this software is to make businesses run smoother, so that employees can focus more on patients and their care.