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Ensuring the safety and efficacy of patient information is indispensable for any medical facility. Administrators must be able to access sensitive data from appointment records, billing info, insurance claims, etc., quickly yet securely at all times in order to provide optimal care. A well-organised record system can significantly enhance a hospital’s operations and reduce errors […]
Ensuring the safety and efficacy of patient information is indispensable for any medical facility. Administrators must be able to access sensitive data from appointment records, billing info, insurance claims, etc., quickly yet securely at all times in order to provide optimal care.
A well-organised record system can significantly enhance a hospital’s operations and reduce errors and liabilities while greatly improving communication between practitioners, their patients, and the rest of the hospital or clinical staff.
In the past record keeping was handled manually, however, the digital revolution has spurred the automation of data handling in hospitals. The demand for Practice Management Software (PMS) has been so high recently, that it is estimated that the value of the market will increase by 8.5% annually until 2030. Another salient statistic is the 2020 survey by Black Book Market Research that found that 78% of medical centres are currently using some form of medical practice management software.
Running a healthcare practice involves both medical and administrative aspects, which can be managed through two distinct software systems: Electronic Medical Record (EMR) and Practice Management System (PMS).
EMRs store patients’ clinical data such as their historical diagnoses, prescriptions, allergies, lab results and other medical information. By providing real-time access to up-to-date information, these records assist healthcare providers in making informed treatment decisions while monitoring patient progress and treatment outcomes.
Practice Management Systems (PMS) on the other hand, facilitate the managerial aspect of healthcare practice administration. These systems efficiently streamline administrative responsibilities, reduce exertion on non-clinical staff and lessen the duration needed to carry out tasks manually. PMS software provides a platform for healthcare providers to regulate their patients’ appointment schedules, generate invoices, process payments, and electronically submit insurance claims, ultimately mitigating errors and expediting the billing and reimbursement process.
In most practices, these two systems work in collaboration to improve patient care. According to a study by the Office of the National Coordinator for Health Information Technology, one community hospital in the US adopted an integrated system and reported an average billable gain of $26/patient and enjoyed a $100K increase in revenue during the study period.
Here’s how adopting PMS software can dramatically increase your competitive edge in the healthcare industry:
Efficient Appointment Scheduling
Your staff can easily view available time slots and schedule appointments without having to rely on manual paperwork or phone calls, saving effort and reducing time conflicts.
Improved Patient Record Management
You can input patient information into the system, and access and update records as needed. This improves the quality of care provided to patients and ensures that you comply with regulatory requirements.
Streamlined Billing and Claims Processing
PMS software can simplify billing and claims processing, resulting in faster and more efficient claim submissions and payments.
Enhanced Reporting and Analytics
With PMS software, you can generate reports on various aspects of your operations, such as patient volume, revenue, and expenses. These reports can help identify areas for improvement and help you make informed, data-driven decisions.
In today’s fast-paced and competitive healthcare industry, your practice needs to stay ahead by providing optimised services to patients. As discussed above, Practice Management Systems (PMS) can help simplify your administrative and business tasks, while also improving your workflows.
At Meddbase, we understand the intensive efforts that go into running a successful medical practice. That’s why we provide robust systems that take the burden off your staff, so they can concentrate on providing the best care to patients.
With over six million patient records and counting, our cloud-based PMS provides both clinical and administrative interoperability for healthcare facilities across the UK and the globe. And we also take it a step further, offering unique branding templates to help provide all levels of support you need in running your practice on an efficient basis.
Don’t miss out on unlocking the full potential of your practice. Contact us to learn more about how our innovative PMS can pave the way for your practice’s success. Our team of experts is ready to guide you in optimising your healthcare management experience, equipping you with the tools necessary for scaling your practice and increasing patient satisfaction.
