The underdog of healthcare undoubtedly has to be the Practice Management Software. The war of EMR and EHR has taken all the hype away from it. Every other physician that you meet will tell you that their billing is outsourced and how it would be so much better if both EMR and practice management software were integrated.
Simplifying administrative tasks and managing physicians’ financial workflows, practice management has become the little brother from whom you’d want to get all your laborious tasks done. Since the introduction of practice management software in the healthcare industry, countless physicians and administrative hours have been rescued. One can only imagine the frustration of administrative personnel had to endure while re-entering patient information. “Priceless” should be the nickname for practice management software.
So let’s see what this practice management software has to offer. For starters, it improves practice efficiency, provides a paperless environment and manages financial and administrative tasks. A dish well served. These alone are key components to making a physician’s life much easier. Integration with the EMR and Patient Portal is like the icing on a cake. Here is a list of features that a practice management software can be integrated with in a practice: patient profile, scheduling, eligibility, billing, clean claims checks, e-Superbills, EDI/ERA, denials, referrals, KPI dashboards, reminders, workflows, charts, data mining report, patient statements, audit trail, access control, etc.
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.
EMR vendors need to recognize the remarkable importance that practice management software can bring to a physicians practice and to the healthcare industry. The technological advancements for both EMR and practice management software should go hand in hand. Many top vendors in the industry still provide stand alone EMR’s, regardless of the importance of an integrated product. The best management of a practice can only be achieved with quality practice management software. Hopefully, practice management software will lose the underdog tag sooner rather than later.
Read more: Which is the ideal Practice Management software?
