Best Medical Practice Management Software for 2023
Posted by 1st Providers Choice on
Managing your own practice can be a demanding and expensive endeavor. As a physician, you must be careful in selecting your support staff – so they can concentrate more on treating patients instead of handling administrative duties. However, if your staff members handle too much work, it can make them feel drained, affecting the quality of care they provide.
As a healthcare provider, you know that patient care and satisfaction are critical to your success. Patient satisfaction depends on several factors, which can be tricky to manage. If you want to simplify the process and handle the day-to-day operations of your practice, you can invest in medical practice management software. Their convenience and ease of use make them popular in medical practices across the country.
Top Features of the Best Medical Practice Management Software for 2023
Every healthcare organization must choose the right medical software, such as a practice management system and an electronic medical record (EMR). Clinical management software is a critical factor in the success of your practice, especially if you have a large staff and a complex workflow.
However, it can take time to decide due to many options. Below are the top features that can guide you in choosing the best medical practice management system.
Appointment Scheduling System
A medical practice management system allows physicians and office staff to book and confirm appointments, manage schedules across multiple locations, and schedule visits on specific days and times. Patients can also book appointments online with many systems.
On the other hand, clinic staff faces scheduling challenges because they must ensure physicians’ time is properly allocated for patient visits and conference calls. According to a study, medical practices lose up to 14% of their annual income because of missed appointments. The practice may suffer because of revenue loss when patients fail to attend their clinic visits.
With medical practice management software, staff members can quickly identify scheduling conflicts by viewing providers’ availability in real-time. A quality system of this type can revolutionize scheduling. When you integrate this system with your medical practice management software, patients can view all available appointments in one place.
Providing patients with text or email appointment reminders can also reduce no-shows.
To know more about reducing patient no-shows, read our blog “Reduce No-Shows With a Patient Appointment Reminder System.”
Patient registration, in specific, involves the input of a significant amount of preliminary information: contact information, medical history, insurance coverage, appointment scheduling, and orientation. The process is not only time-consuming and frustrating for staff but also for patients.
In most cases, patients also complain about long wait times in clinics. This situation is a significant hindrance due to life’s realities.
By utilizing an automated patient self-check-in system, you can reduce turnover time. Patients entering their own information will provide you with more accurate data, which allows your employees to focus on more demanding tasks.
Incorporating a patient check-in system into your medical management software, patients will have the most seamless experience with you as their healthcare provider.
Check our “Contactless check-in Patient App.”
The Institute of Medicine (IOM) estimates that 1.5 million medication errors occur annually in hospitals, nursing homes, and ambulatory settings. Another study also found that there have been 95,000 prescription drug errors recorded since 2000. One of the reasons for this problem is the similar sounding or spelling of many drugs. Therefore, electronic prescribing is recommended as a way to reduce such errors.
EPCS is the process of electronically transmitting prescriptions using an electronic format. For practitioners, issuing electronic prescriptions for controlled substances must require a clinic management system or software that adheres to all Drug Enforcement Administration (DEA) standards. Additionally, e-prescribing improves prescription accuracy, reduces costs, and enables secure, real-time, bidirectional, electronic communication between clinics and pharmacies. As a result, prescribers have secure access to health plan formularies, eligibility, and medication history at the point of care and securely transmit prescriptions to pharmacies’ computer systems.
Your medical practice management software should also be capable of generating financial reports and tracking profits if you intend to use it effectively. In addition, you should be able to integrate it with IMS-integrated Document Manager, which significantly improves the overall productivity of your office. Thus, ensuring the security of patient health information.
In your practice management system, the reporting preparation and management feature should be able to monitor the following metrics:
- Accounts receivable (A/R) is how much money patients and insurance companies owe you for your services.
- Days in A/R, or how long it takes for a hospital or clinic to receive payment. As a rule, the metric should not exceed 50 days.
- The total reimbursement compared with the expected reimbursement.
Clinical protocols facilitate the delivery of accurate diagnostic and treatment information to patients, variance reports to purchasers, and clinical staff quality training.
By embedding protocols into patients’ records and reports, protocols could also help tackle other challenges, such as reducing junior doctors’ hours and facilitating shared care. Furthermore, it may improve the clinician’s workflow due to the provided health care services. If the protocols are well-specified, usage information for costing and coding can easily flow from clinical records.
Adding this feature to your medical practice management system is a good idea. Staff members and providers can automatically perform clinical tasks to enhance patient care by utilizing each patient’s presenting factors, symptoms, or diagnosis.
Choose the Top Practice Management Software
Choosing practice management software can be downright confusing, with so many options to choose from. This decision-making is much like learning how to practice medicine and treat patients. So, we have it all here for you! Make these features mentioned above your guide to investing in your medical practice management system!
Providing you with the Best
Choose only the best for your healthcare practice.
At 1st Providers Choice, we understand our client’s needs and expectations for a higher performance level for billing and EMR software. That’s why we only offer the top-tailored medical billing system and EHR with features that will allow your practice to operate at its optimum potential, save time, and double your revenue.
Call us at (480) 782-1116 for immediate assistance or schedule a free demo with our experts TODAY.