Healthcare professionals have been relying on health IT applications like Electronic Medical Records (EMR) and Practice Management software for managing the clinical and non-clinical workflows respectively. Since maintaining the business side of the practice is also a crucial aspect for physicians, they surely wanted to have a solution not only to streamline resource allocation throughout their practice, but also achieve maximum outcomes. Today, practice management software with its unique value adding features, has helped physicians achieve these goals.
Let’s talk about some of these features that renowned product vendors offer to healthcare professionals. Such enterprise level practice management software comes with built-in dashboards – providing physicians with graphical display of key performance indicators. Physicians can easily assess the status of their practice using this particular feature. Before the introduction of practice management, every day, physicians or their staff had to go through the arduous routine of manually scheduling appointments. However, these solutions have streamlined the entire process of scheduling by allowing physicians to efficiently manage waiting lists.
“Once the appointment has been scheduled, keeping details for follow-ups and patient show-ups has never been as easy as it is with practice management software. I can keep the track of all important practice workflow information on real-time basis” says a North Carolina based physician.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Getting paid for the services provided has always been an important concern for physicians. Practice management software has the capability of making electronic claim submissions. It is because of this feature that a significant improvement in claim submissions has been experienced. It would not be absurd to say that such solutions have also optimized billing.
Having understood physicians’ requirements, established product vendors have made sure that their practice management software is inter-operable. Interoperability allows physicians to share information across multiple locations with healthcare professionals. Moreover, these solutions also allow for document imaging. This means that physicians can store an X-ray report for a particular patient in his record. One of the most underutilized features is that of data mining. The feature can play a vital role in issues related to healthcare research.
As stated above, practice management software has come a long way to become a financial advisor of the practice. It provides physicians with reports that comprehensively elucidate the financial health of the practice – helping physician assess the practice value.
Read more: How PMS Systems Save Physicians Time
A Personalized Approach to Medication Nonadherence
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
