Ready for EHR Software?

You need to make sure that you have everything ready if your practice is trying to implement EHR software.
If you have issues in communicating with your current EHR software vendor, you need to make sure that there is one specific person in the organization who is overseeing the implementation and hence knows about each and every little detail about the software.

Before it is actually supposed to go live at the practice, make sure that you test the EHR software beforehand. Before the actual starting date, initiate the use of EHR software throughout the office a couple of months.

Analyze the occurred problems in the first place and take control of your previous problems caused by paper-based records.

It is crucial to keep asking relevant questions from the vendor about issues that you feel you might have to face with the software, and get answers on how they think these issues should be resolved. Putting in place someone who will coordinate with the vendors and solve issues at the workplace is another good idea.
Financial stability at the workplace is instrumental to handle the onslaught of EHR software because the implementation of EHR software can be a little costly in the implementation phase.

Benefits of cloud-based health IT systems

Health IT adoption continues to grow at a rapid rate but with that, the costs are on their way up too. A recent data from the Medical Group Management Association (MGMA), medical practices’ annual expenditures for every full-time physician on IT costs have increased from $15,211 in 2008 to $19,439 in 2012, showing an increase of 27.8%.
However, health IT is largely benefiting from the power of cloud to move beyond client-based technologies. Thankfully, cloud-based EHR, practice management and medical billing services are helping physicians mitigate the rising costs of health IT in these ways.

Low start-up costs
Instead of spending a huge sum of money up-front on expensive hardware or software in the server-based model, the cloud-based solutions require virtually no start-up costs because of their ability to use any current system with a browser and a working internet connection.

No IT staff required
With the server-based model, hardware and software are housed in your practice, requiring you to hire an in-house IT person or at least have an IT contractor whenever you develop a problem. As the case with any other industry, IT problems are common and you would be spending a lot on troubleshooting the problems whenever there are any.

On the other hand, cloud-based software is entirely managed by your health IT vendor and you don’t have to worry about repair costs in case there is any problem. Your data also stays safe because it is on the cloud and the vendors take care of repairs.

Free upgrades
Unlike server-based models, who can charge you hundreds of thousands of dollars in case of an update, most of the cloud-based health It vendors take care of updates and upgrades automatically. The completely integrated cloud-based solutions allow for updates across the network without disrupting your workflow.

Want to learn more ways to save your practice money? Read the “6 Simple Steps to Improve Practice Revenues” whitepaper.

Four reporting features your PM needs

Practice Management systems provide numerous benefits to medical practices. They help improve revenue cycles with features such as payer rules intelligence, streamline operations and promote engagement through patient portals.

The true power Practice Management systems reside in their ability to report well. Generating reports on practice operations can reveal performance trends and show areas that need improvement. However, when it comes to reporting, not all PM systems are equal.

Here are four characteristics that your PM must contain if you would like to generate reports that help you stay on top of your finances.

Customizable: Every PM software has its own set of reports which you should be able to access in a matter of a few clicks. However, the best PM systems allow users to create customized reports that show what you want to see. Some of the performance metrics that you would want to track are:
·         Gap between date-of-service and date billed
·         Time-of-data-entry per patient
·         Time-of-data-entry per encounter
·         Overall percentage of claims denied
·         Average life of denials and no-response incidents

User-friendly: You must remember, creating customizable reports will be of no benefit if it is a stress to use them. Reporting should be easy to read and understandable. Data should be able to be filtered easily through important categories like provider, location, date, payer and procedures. If you spend less time finding the information you need, you will have more time to attend to your patients.

Exportable in multiple formats: The reports from the Practice Management system should be exportable in multiple formats depending on each user’s preference and their mode of viewing the information. Some famous exportable report formats are PDF, CSV and XLS.

Remotely accessible: Another important feature to have is to be able to access the reports remotely from anywhere. Physicians and employees in your practice should be able to work from home whenever they want. An ideal fit for such are cloud-based PM systems, which are really convenient to access.