Budgetary and staffing limitations at outpatient care centers undermine your ability your make patient privacy a priority.
The average medical practice will spend approximately $10K annually and lose 260 hours of productivity to fulfill their release of information obligations. Implementation of electronic health records increases your release of information expenses by as much as 50 percent.
Retiring physicians and/or the closure of a medical practice will incur approximately $15,000 in immediate release of information expenses for every 1,000 patients. The same applies to a practice division or re-location.
Medical practices spend as much as 30% more per year than they should in order to maintain compliance with records retention requirements.
