Research indicates none of these firms use software for HCFA audits. It is conceivable that their expertise in the process would position them to develop software for this purpose. While these firms may not have expertise in HCFA evaluation and compliance, they do have expertise in medical software development. Only MedicaLogic offers a HCFA component to its software. Their current market share is too small to be recognized.
Most physicians prefer to dictate records for later transcription.
EMR technology requires a multi-million dollar investment on the part of an entire hospital or clinic. First, Veritext combines the point of service feature offered by electronic medical records system with the freedom to dictate a free form record. This combination of features was deemed desirable by doctors interviewed by Veritext, yet does not exist in the market. Second, the product is intended for stand-alone use in any medical environment where a desktop computer is available. This allows Veritext to be used in many more practice settings than a large EMR system.