Nov 6, 2015

Healthcare Technology and the Financial Impact

Last updated January 15, 2021  |  Published November 6, 2015 by Helen Farnen

RXNT Logo and name displayed on a building outside

As the importance of healthcare technology utilization continues to gain momentum, ambulatory practices are becoming increasingly aware of the financial impact utilizing this technology is having on their practice. Physicians and their practices have recently entered a Meaningful Use penalty phase, while federally mandated ICD-10 requirements are expected to impact practices’ bottom line. With uncertain revenue outcomes, some healthcare practices are hesitant to invest in healthcare technology solutions notorious for increasing in cost, while other practices are already experiencing the increasing financial burden of the healthcare technology solution they chose.

Many systems boast expensive electronic health record and practice management solutions with steep implementation costs and ongoing maintenance and training fees. While these pricing models reflect an outdated way of doing business in the healthcare industry, the high cost to practices continues to serve as a barrier to adoption of technology that can promote quality assurance for coordination of care, ensure HIPAA compliance, protect patient health information, and improve patient safety and quality of care.

Fortunately, cloud-based technology has opened the doors to affordable and effective healthcare technology. Practices no longer have to host bulky systems at their location or pay for expensive updates. Cloud-based technology allows for mass imports of patient data, real-time updates, and live online training, saving practices time and money.

RXNT has feature-rich, cloud-based EHR, e-prescribing and practice management solutions in the marketplace which are offered under a simple price structure that includes software updates and fixes, initial and ongoing training, and support. This means there are no additional startup costs associated with implementing RXNT. For as little as $190 per provider per month, practices can have full access to our full suite of products: a robust practice management system with all the features needed to manage medical billing and scheduling including access to a fully-integrated electronic health record solution with built-in e-prescribing functionality.

Not only are our costs affordable, but RXNT has thoughtfully and deliberately created solutions utilizing the fastest and most reliable data structures and programming languages in the industry, allowing for remarkably customizable solutions that can keep up with the ever changing healthcare industry. Our solutions meet the requirements set forth by Meaningful Use and help providers enter payable billing codes using familiar clinical language, making it easy for providers to attest to Meaningful Use and adapt to the ICD-10 reimbursement regulations.

At RXNT, we believe that promoting quality assurance for coordination of care, ensuring HIPAA compliance, protecting patient health information, and improving patient safety and quality of care should be affordable and obtainable by all practices.  This is why we are committed to providing quality solutions to our practices and continually adapting to the ever changing, ever increasing requirements put on physicians.

Networking Technology, Inc. dba RXNT, based in Annapolis, MD, develops innovative software solutions for ambulatory care practices. RXNT has been a leader in cloud-based software for over 16 years with a fully integrated line of solutions including RXNT|PM (practice management), RXNT|EHR (electronic health records), and RXNT|eRx (electronic prescribing). For more information about RXNT|EHR, or RXNT’s other software solutions, visit us online at, call us at 800-943-7968 Ext. 3, or follow us on LinkedIn.

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Find out why our award-winning, certified solutions are the right fit for your practice. Since 1999, we have provided integrated, cloud-based Electronic Prescribing (eRx), Electronic Health Records (EHR) with patient portal, and Practice Management (PM) with medical billing and scheduling.

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