MedRecords is an association providing records management services for physicians through a non-profit business model. MedRecords primarily seeks to cover its operating costs by charging reasonable fees for patient records requests. If the physician’s practice type is one that typically generates a significant number of requests for records, the records fees are enough to cover MedRecords costs, and there is no cost to the physician.
In scenarios where the physician’s practice type generates few patient requests for medical records (ie. most specialties), MedRecords is unable to recoup its costs through patient record request fees. Consequently, there is a small one-time charge to those physicians. MedRecords’ non-profit business model allows the one-time charge to be 70% – 80% less than charges for comparable services through for-profit records services.