How Medical Software Can Save Your Health Practice Money
Friday, September 4, 2020, 6:00 AM | Leave Comment
If you own or administer a medical practice, then you know it’s a challenge to stay on top of workflow operations.
That’s why it is important to have the best possible electronic health records software to help manage operations.
Here’s how the right medical software can help save your health practice money.
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Easier to Access Records
Time is money and you don’t want one of your employees spending an hour trying to retrieve one piece of medical information. Good software service will be able to answer any inquiries by the patient’s name, the condition in question or hospital. This type of record retrieval will also come in handy if you need to handle any legal inquiries or have to fulfill a request from a patient. A retrieval task that could have taken minutes can be handled in seconds.
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Helps Keep Your Office in Compliance
Your office will have to keep all of its records centralized, secured and organized in order to fulfill compliance from a number of state and federal agencies. For instance, the Physician Quality Report Initiative (PQRI) is one of the most important regulatory requirements from the Centers for Medicare and Medicaid Services. If your office does a lot of work for Medicare and Medicaid patients, then you will want to make sure that your office records are consistently in compliance.
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Tracking Messages to Staff, Hospitals, Clinicians, and Labs
Chances are that your medical practice will be sending and receiving messages from a number of different entities. With good software, you can have one place where all of these messages can be sent, received and stored. These messages can be easily read and forwarded and categorized. This will help make your office extremely efficient and help save time and money.
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More Accurate Billing
You don’t want your office to miss any opportunity to bill patients and their insurance providers for all of your services. With the right software, you will be able to easily document all the services that you have provided to allow for fast invoicing. That alone can save you thousands of dollars a day. Also, the right medical software will cut down your billing and invoicing time to allow your staff to work on more critical parts of your medical office operations.
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Better Organize Note Associated With Appointments
Your office may have dozens of appointments in a day. During that time, anyone from the front desk to the physician will have to make notes associated with that appointment. Instead of having to deal with many pieces of paperwork, the right medical software can capture all of these notes that can still be quickly retrieved by your office staff. This can allow thousands of messages a week to be easily accessible by either the patient’s name or the day of the appointment.
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Reduce Lag Time Between Billing and Payment
You don’t want to have any unnecessary delays in getting revenue into your healthcare practice. The right software will ensure that your billing can be documented and expedited to the right insurance company. This will help your office get paid as soon as possible.
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Provides Better Service To Your Patients
It is important that you are able to provide the best possible service to your patients. With up to date medical records, you can ensure that prescriptions are transmitted to the patient’s pharmacist. You can also be able to more quickly handle appointments by having patient information easily accessible. By having a smooth-running operation, patients will receive better care and appreciate your diligent work.
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Provides Better Protection from Legal Issues
If your office ever has to encounter a legal issue or a malpractice suit, you will want to make sure that all of your records are up-to-date and easily accessible. By having fast access to your office’s medical records, you will be better prepared for unexpected legal issues.
How the Right Electronic Medical Records Makes a Difference
Your office should have the most up to date software to handle your electronic medical records. Be sure to carefully research the best software for your healthcare practice. The right software will transform the efficiency of your office in many surprising ways.
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