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How Off-Site Record Storage Can Help with New Medicare Financial Record Retention Requirements

Last updated 8 months ago

Pharmacies and physicians are responsible for keeping prescription records for their patients. This provides a number of benefits for both the physician and the patient, such as maintaining a record of the type and amount of medication that has been prescribed in the past. New Federal Medicare Regulations now require pharmacies and physicians to store these records for ten years. Luckily, the record storage services in NYC at U.M.C. Moving Co., Inc. can help with this new requirement:

  • Making it easy to follow the new guidelines. New York State Law previously required physicians to hold on to patient prescription records for five years. Now that the amount of time has doubled, many pharmacies are in need of more space to continue storing these documents for a longer amount of time. Off-site document storage makes it easy to follow the new guidelines without cluttering up the pharmacy or office.
  • Keeping you up-to-date on when each file is examined. We use the O’Neil Record Storage software system here at U.M.C. Moving Co., Inc. All boxes are labeled and scanned after arrival, making it easier to keep track of your prescription records. This system also allows you to see how many times each box has been accessed since being placed into storage.
  • Maintaining all patient files in one location. The new Federal Medicare Regulations require hard copies of prescription information to be kept for ten years. But it can be difficult to find a storage space that can hold all of these copies for such a long period of time. Using a professional off-site document storage facility allows you to keep all of your patient prescription records in one centralized location.
  • Providing secure archive destruction at the end of the ten year period. Prescription records are confidential documents. After ten years, documents should be destroyed to preserve patient privacy. U.M.C. Moving Co., Inc. offers professional archive destruction that you can trust.

If you want to learn more about the reasons to choose professional document storage in NYC, you can contact U.M.C. Moving Co., Inc. today. Call our friendly staff at (718) 628-4477 for more information about our services.

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