Practice Management Software

The healthcare industry in the US is arguably the most tech-savvy one in the world

. New software is developed regularly to help make the work of healthcare specialists more efficient, quicker and less tedious.

One such category of software is the medical practice management software, which tends to the administrative and financial matters of a medical practice. This software simplifies day-to-day operations to enhance customer satisfaction, increase staff productivity, expedite payment processes and reduce errors.

Some of the functions performed by a practice management system are:

Scheduling:

Medical practice management software allows staff to create, edit and track patient visits. Some even enable double- or triple- booking of appointments. While picking your software, it is important to ensure that it is flexible enough to accommodate future expansion of your practice.

Billing:

Charges of each service provided to the patient are added on the medical practice management software to determine the final bill.

If a patient carries a valid insurance policy when the services are provided, the software enables you to send out the charges as an insurance claim. As part of HIPAA compliance, these claims can be submitted electronically either to a clearinghouse or directly to the insurer. Electronic submissions help to expedite payments and reduce the number of rejected claims.

If the patient is uninsured or partly insured, the software enables you to print out a billing statement for him.

Reporting:

Through the software, you can extract detailed data on patients financial history, doctors diagnoses, staff efficiency, etc. Many also enable you to design and create reports fulfilling your specific requirements.

Securing:

Practice management systems have in-built security measures to maintain patient confidentiality. These measures help you to communicate and exchange data securely, allow or restrict access to specific staff members and maintain change logs that keep track of changes to data.

Different types of medical practice management software are suitable for practices of different sizes. Desktop software can be shared by a few users while client-server software works better for practices that require multiple users to share data. The more recent Internet-based practice management systems are superior in terms of reliability and eliminate the need of the practice to own a server.

The benefits of medical practice management software are many; it improves efficiency and customer satisfaction, expedites payment and reduces the scope of errors in billing and insurance. Additionally, a quality software package will adhere to various HIPAA norms, ANSI billing formats, etc. to ensure total compliance with the law.

For more information, visit www.foxmeadows.com/

by: Genny Brown

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