Practice Management Software

The time is now to consider the visibility and reporting benefits offered by streamlined Practice Management Software solutions

With an ever-increasing workload of disparate data points, medical practices still running paper-based organizations are in peril. Practice Management Software offers an alternative to the paper wasteland. Scheduling, registration and accelerate bill payment – long problem areas for practices – have streamlined opportunities for paperless operations. 

Top Practice Management Software vendors offer a single, scalable solution set that can grow through added and bolt-on features as needed by the practice. Claims management, real-time visibility and reporting, and, customization are driving top practices to invest.

Best-in-Class Practice Management Software Features:

• Real-time visibility and end-of-month reporting available at anytime from anywhere.
• Powerful workflow processes that ensure compliance and are easy to use for all office associates.
• Trending on staff efficiency and profit maximization based on customized criteria sets.

Top Considerations before Practice Management Software:

Any investment in Practice Management Software should be reflective of what features are absolutely necessary in the immediate, 6 months, and so on. With several scalable, robust feature sets available in a typical offering, caution should be taken to understand the resources internally to support such feature sets. Additionally, it should be understood how each feature would benefit the practice or, if that functionality would not be used efficiently enough to justify investment.

Key Products:

1. HealthPort’s HealthPort E-prescribing  provides visibility to physicians and staff during all phases of the prescription electronically including increased physician, staff and patient satisfaction and enhanced patient safety. This solution dovetails with HealthPort’s core philosophy of bringing seemingly disparate areas of practice management together for more efficient processing. Bringing ease-of-use to the forefront in practice management, HealthPort also offers HealthPort PM, a report generation portal that allows practice associates to run patient reports remotely.
 
2. MicroMD is an industry leader in innovation in developing practice management software solutions that address industry-crucial workflow areas. MicroMD PM scheduling solution gives physicians, nurses and staff flexibility to manage patient visits smoothly. Before, during and after each appointment, MicroMD PM’s automatically searches for open slots, attach notes and assigns appointment classes. The solution generations intelligent patient waiting lists based on pre-loaded criteria for streamlined execution. The scheduling solution reconciles with permanent files to make updates based on appointment details.

3. The eMedRec solution from Holt Systems provides an intuitive patient medical charting system and practice workflow. The graphical interface handles complex data sets common in medical practices. Feature sets include Dragon Voice Recognition, Prescription writing including pharmacy database and analysis of price competitive drug choices, Forms creation, Bar Code technology, Health Maintenance tracking and seamless fax out for referrals. Holt Solutions designed eMedRec to adapt to the practice rather than requiring that the practice adapt to the software.

4. AdvancedMD Software provides Software-as-a-Service (SaaS) applications helping medical practices and medical billing companies boost profitability through efficient workflows and successful billing claims management. The firm’s web-based practice management software system helps drive medical staff efficiency, improves revenue cycle management and streamlines patient flow. As part of their medical practice optimization solution, the practice management software system boasts workflow processes and medical coding compliance rules, yet aims to be simple for medical personnel providers to easily learn and train in the hosted environment.

5. Founded in 2000, RemitDATA, Inc. delivers web-based tools focused on reimbursement and utilization issues within the revenue cycle process. Climbing costs of collections and declining reimbursements cost practices time and money, leading to higher operating costs. RemitDATA’s real-time working environment allows providers to work and track claims faster, pinpoint collection issues and eliminate the source and benchmark reimbursement performance against similar providers to gain negotiating leverage with payers. Benefits include fewer denials, reduced days sales outstanding (DSO) and quicker recovery of money.

Practice Management Software
Definition: Practice management software, also referred to as Practice management and Practice management systems, is a category of software that deals with the day-to-day operations of a medical practice. Designed mostly for small to medium-sized medical offices, Practice management software, or PMS, allows users to capture patient demographics, schedule appointments, maintain lists of insurance payers, perform billing tasks, and generate reports. Practice management software is developed as desktop-only software, client-server, or Internet –based software and is often connected to Electronic Medical Records (EMR) systems.