My last article on Practice Management software was just a brief concept check. It was construed in a way to help readers understand the most basic functions of Practice Management software. However, apart from the basic functionalities of documenting patient demographics, medical history, etc, I intend to elaborate on some of the slightly more advanced features of Practice Management software.
Integration between Electronic Medical Records (EMRs) and Practice Management software is probably the best thing that has happened to physicians using sophisticated health IT solutions. Since both these components are built-in within a singular platform, the provider, after completing clinical documentation of the patient, just has to make a few clicks and the information is sent to the Practice Management software. In fact, the provider is even allowed to share such information with other concerned healthcare providers and bodies. The software provides integrated payroll and billing modules for both employees and patients, respectively. So technically, Practice Management software is more or less also an automated financial and administrative facilitator for a provider.
Since the system is completely automated, it is far less prone to human errors as compared to the conventional techniques. In fact, according to statistical reports, the use of Practice Management software has resulted in fewer billing and coding errors.
’Why Practice Management software? From resource allocation to billing operations, it helps you do it all, and that too with just a few clicks. Above all, I believe it’s the most cost effective investment for a practice’, says a California based solo provider.
The Practice Management software has also helped physicians in addressing the problems of no show-ups and appointment cancellations. With the introduction of sophisticated technology, physicians can send electronic alerts and messages to their patients well ahead of their scheduled time. Furthermore, EMR vendors are well aware of the security concerns associated with health IT solutions. This is one of the reasons why Practice Management software is embedded with security parameters ’ ultimately ensuring patient information safety.
’When it comes to health IT solutions, both physicians and patients have been skeptic about privacy issues. However, technological advancements along with role based access have been successful in easing concerns for both parties regarding security breaches’, says a Michigan based health IT consultant.
Hence, it would not be difficult to establish that Practice Management software is the most cost effective and efficient key to manage the administrative and financial workflows. This is one of the reasons why majority of renowned practices and other healthcare professionals have adopted practice management software.