Besides taking vital care of the patients, medical facilities have to deal with some crucial tasks on regular basis. Administrative and financial processes are considered as the crucial jobs that demands perfection in order to maintain the required stability in the health care facility.
It is a known fact that these processes are quite time consuming as well as complicated procedures. However, there are multiple billing software that provides the facility to maintain admin and finance records, but most of them are the generic ones and do not specifically cater to medical billing. Thus, health care facilities are required to opt for practice management software that are specially designed to meet their specific needs in order to get qualified to earn the stimulus incentives. Practice management software is termed as “Medical industry oriented software or computer application, which manage entire billing and admin tasks in a healthcare facility”. It ensures data security and flawless maintenance of the crucial data. In addition, some medical management software also provide payment gateway interface and additional features that help in streamlining the billing workflow.
Is it enough to Have Practice Management Software (PMS)?
Though practice management software are highly helpful in maintaining admin and financial records ,however medical biller would have to manually enter the financial or insurance related data in the application in order to make it ready to perform the tasks. Thus, it becomes the need of the hour to think beyond practice management software.
What is Next?
The most ideal thing that can be done with practice management software to make it better and productive is to integrate the same with your existing EHR. The health care facility can avail multiple benefits by integrating PMS with EHR. Some of the basic advantages are listed below:
Manual Input, Not Required – The biller is not required to input the medical and financial data manually as the system will automatically fetch the ICD and CPT codes of the patients and can complete the billing procedure.
Easy to Connect with Insurance Company – Once the bills are generated, the executive can send them to the respective insurance company through the system itself, and can even track the ‘move’ of the insurance providers over the same.
More Advanced Care – PMS holds the basic medical information of the patient and EHR holds the records of the care plan. Through the integrated software, the patient’s medical detail can be matched with the available care plans and hence, most suitable care plan can be assigned to the patient.
Easy and Immediate Refills – PMS maintain the record of the medication inventory and EHR take care of the patient’s medication plans. Through integrated software, refills can be done immediately as EHR will generate an alert for the medical shortage and PMS will help in settling the shortage with immediate refills.
There can be more benefits with EHR and PMS integration if you have the most appropriate EHR and PMS system.