by Bruce Walker
After United States President Barack Obama’s Patient Protection and Affordable Care Act was passed, administration healthcare professionals started to turn their heads in disbelief because of the massive amount of regulations, paperwork and additional costs. Not only do healthcare clerks have to deal with insurance companies, they will also have to perform quite a bit of document completion with new federal law requirements.
Three committees in the House of Representatives have estimated that the total number of hours that Obamacare’s regulations will cost Americans is more than 127 hours each year due to the extra papers. According to the new Obamacare Burden Tracker imposed by the Ways and Means Committee, 157 different rules and regulations will create the 127 million additional hours.
Since Obamacare won’t go into effect until 2014, officials project the number will increase when January rolls around. Updates are expected to be released throughout the year. It was reported that insurance companies are projected to be increasing their costs over the next few years in order to abide by the new laws and regulations.
It was discovered late last year that Obamacare regulations exceed 2.8 million words, more than Ayn Rand’s “Atlas Shrugged,” Leo Tolstoy’s “War and Peace,” Marcel Proust’s “Remembrance of Things Past” and the Bible.
Nevertheless, some firms in the industry are attempting to make the process a whole lot easier, more affordable and implement heightened efficiency. CHMB is a healthcare company that offers services to solve finance, regulatory and technology issues for health systems, hospitals, physicians and other industry leaders.
Located in Escondido, California and established in 1995 by co-founders Bob Svendsen and Janet Boos, CHMB offers such products and services as Revenue Cycle Management (RCM), EHR/PM adoption and installation and healthcare Information Technology (IT) implementation and integration. It also provides management consultant services to assist in practice start-up, assessment and training.
These administrative and clinical aspects aid physicians to increase cash flow, reduce operational costs and employ the innovative administrative and clinical technologies to improve patient experience and “create a sustainable platform for the future.”
With 369 employees and a three-year growth of 172 percent, CHMB has made quite an impact in the U.S. health industry. It was recently announced that it has expanded its presence in the Midwest healthcare market and have its senior leadership manage the market from large health systems to roll out some of its features in that region.
“There’s an increasing demand for our core service offerings in the Midwest and the timing is right to leverage our technology optimization and RCM services to health systems and to more community physician groups who are struggling with a combination of meeting the meaningful use and governmental mandates and have consolidation and technology initiatives.” said Bob Svendsen, CEO of CHMB, in a press release.
As the healthcare industry transitions into electronic health records, touch screen technology and advanced medical administration, services offered by firms like CHMB will prove to be imperative to the success and effectiveness of medical clinics across the country.