Managing a medical practice is very complex but it doesn't
have to be that way anymore. Medical practice management software has been
around for years but progresses in technology have made running a medical
practice even easier. It's now almost considered a must-have tool to compete
and become more efficient. Are you still not sure about installing it? After
reading the 7 reasons why you should install it below, you will have a better
idea as to what this powerful software can do.
1. Patient
Medical Records
With every patient comes a mountain of patient data that
needs to be captured, stored, and easy to find and sort through. Practice
management software makes it easy to do everything you need regarding patient
medical records including: storing scanned images and documents, demographic
information, insurance information, financial history of the patient, and
appointments. Most medical practice management systems make it easy to enter
the information and easy to navigate as well as provide other services such as
alerts, referral tracking, memos, tickler to-do lists, and the ability to email
patients. This in and of itself makes the investment worth it.
2.
Scheduling
Medical practice management software allows you to control
your schedule and set up your appointment book just the way you like it. They
routinely have features such as referral information, co-payment amounts and
checkout, alerts for outstanding balances, and allow you to search for open
times rapidly. You can even set up an appointment wait list if necessary. The
nice thing is all of this is integrated into the patient medical record portion
of the software. Talk about a time-saver!
3. Charge
Capture & Checkout
Are you looking to manage the billing process with more ease?
These features allow you to bill and bring together payments efficiently,
process claims with more accuracy, and track charges all along the way. By the
time patients check out, all charges are calculated at the front desk and the
exact amount is known and return visit is set. Again all of this is integrated
with the patient records so that makes it all the more efficient and, yes,
powerful.
4. Medical
Claims Management
From posting to payment, you will be able to keep track of
all your claims. This feature gives you the ability to receive faster
reimbursements with eClaims and eRemittance, use whichever claim forms you
require, review claims, view unbilled claims, view exclusions, and keep track
of all reports from carriers and the clearinghouse.
5. Medical
Billing & Collections
If you ever wanted to lower labor costs, this is the software
solution that will do so. Stuffing, printing, labeling and sending bills to
patients takes a lot of time out of the work day. Instead of paying someone to
do all of those things, you can use your medical practice management software
to organize those things and make them much more simple. The collection process
is also simplified and it becomes easier to organize all of your important
data.
6. Reports
& Office Management
This common feature allows you to create customizable reports
from patient data, to collections, to billing, to appointments, to an accounts
receivable summary. Some of the medical practice management software packages
allow you to create Microsoft Word letters for collections or other needs. If
you are looking for a way to measure the efficiency of your operation, this is
the way to receive that data.
7. Multiple
Offices
How convenient would it be to have access to your practice
management system anywhere you need it? Since a number of the practice management
software packages are web-based you are given that option. This makes
trying to organize your system much more simple, especially if you have
multiple offices which all need to stay in constant communication with each
other.
Even though the health care industry has been slow to
implement information technology into its system/[c] any medical practice will
benefit from using it. Hopefully these 7 reasons give a better understanding of
why it is so important that all medical practices have practice management
software installed.
Source: http://bit.ly/2f5jhR0
