Practice Analytics EMR Software Buyers Guide
Last updated: June 07, 2023
In order to understand what data analytics in the healthcare industry, it is important to understand what data analytics mean in a general sense:
Data analytics tools are basically business intelligence software that allows the user to collect and store data, view it in dashboards - in the form of graphs and charts - and analyze the data to gain insights and make decisions.
Data analytic tools are typically involved in larger business intelligence systems to analyze and store information. In healthcare, these analytic tools are incorporated into the existing market-specific medical software to streamline the process of data collection.
One of the major advantages of data analytic tools is the ability to collect different types of data through patient information. This data is particularly useful for medical practices, such as tracking information including Patient surveys, Patient intake, Diagnostic and Treatment, Revenue cycle and Billing, Key Performance Indicators (KPIs), and Reimbursement Rates.
This allows medical practices to gain a deeper understanding of their business from different perspectives. This can also help you keep track of your finances, set business goals, and make changes to your practice in order to improve and grow. Here is a complete guide to help you make the right choice in selecting a Practice Analytics EHR software for your medical practice.
Important Features in an EMR Software
Before purchasing any EMR software, there are a few considerations that you need to look out for. These aspects help differentiate a ‘good’ quality EMR software from a ‘bad’ quality one.
User-friendly Navigation and Experience: A user-friendly interface can help you simplify tasks and actions for your staff and help them in increasing their productivity.
Integration: You should easily be able to integrate the EMR solution you select with your existing system, irrespective of the device you are working on.
Ease of Access: You should also be able to access patient information, write e-prescriptions, check patient charts, etc. 24/7 from anywhere in the world. One of the biggest benefits of having a cloud-based EHR system is to not have to be restricted to your server for patient information.
Always Available for Support: When you are implementing a new digital solution, it is completely normal to run into problems. However, if you have strong support from your EMR software provider, you can easily overcome any problem you encounter during this process and afterward as well.
Before making any final decisions, it is always better to ask your provider for a Practice Analytics EHR Software Demo or check reviews of their past clients. This will allow you to make sure if the software you’re choosing is the right one for your practice or not. Lastly, make sure to compare the different EHR software you choose to select the one that is perfect for your Practice Analytics practice.
Features of Practice Analytics EMR Software
Now it’s time to talk about Practice Analytics EHR software specifically. Before making any final decisions, make sure your Practice Analytics EHR software contains the following features:
Dashboards: The dashboard acts as the main control center for your practice analytics tools. It presents the data you collect in the form of visual, easily understandable, and interactive graphics.
Data Collection and Storage: You can integrate practice analytic tools with existing EHR/EMR systems, thus expanding the sources of your data collection.
Data Set Creation: The tool allows managers to create controlled data sets from a larger, more complex body of data. This helps to create random samples, scrub data entries, and aggregate data.
Predictive Analysis Tools: Practice Analytic Tools uses mathematical systems, analytics techniques, and models to forecast future events. For example, predictive analytic tools can assess accounting information of the past year and predict the spending and budgeting for the coming year, quarter, or month.
Sharing and Team Collaboration: Practice Analytics Software allows you to share analysis and information among team members to enhance collaboration in an effort to create dynamic solutions.
HIPAA Compliance: A Practice Analytics Care EMR Software must also ensure the security and safety of patient records while guaranteeing privacy and HIPAA compliance for patient/doctor communication. The majority of the providers ensure the safety of the patient records by using advanced tools such as data encryption technologies.
Determining Your Needs
Before deciding which EHR solution to implement, it’s important to understand what your practice’s needs are. When it comes to EHR solutions, one size doesn’t fit all. Understanding your needs will not only help you decide the best solution for your practice but also help you use your EHR solution to the fullest. Practice Analytics EHR software is in today’s world essential for practitioners because it helps save time and money.
How to Select a Practice Analytics EHR Vendor?
Now that you know what kind of features you need to look for, it’s time to discuss what type of Practice Analytics EHR software vendor you should select for your medical practice.
Vendor and Practice Size – Firstly, you need to understand which size of companies your vendor typically aims for. After that, you need to analyze the size of your practice as well. If you have a large facility, you wouldn’t want to select an EHR vendor that only deals with small practices. Typically, the vendors that cater to larger facilities have a high-cost Practice Analytics EHR software.
Vendor Certification – This is probably the most important aspect before selecting an EMR vendor for your practice. You need to make sure your vendor is an ONC-authorized testing and certification body (ONC-ATCB). Selecting a non-certified vendor will only bring you trouble and a nuisance to your practice.
System Design – This will probably depend on whether you want to install Practice Analytics EHR software on-site in your server, or use a cloud-based one. Although you’ll get more advantages with a cloud-based solution, it probably boils down to your personal preference. Whatever you choose, you’ll need to find an EMR vendor that provides the service you are looking for.
Even after making a final decision, you should use a Practice Analytics EHR software demo or check out their tutorials to make sure it is exactly what you’re expecting. A quick comparison of the Practice Analytics EHR software available in the market can help you find the best one for your practice.
What’s the Final Step?
Before making your decision, it is essential to understand how every vendor and practice workflow is unique. For this reason, a vendor that may work for one practice may not exactly suit the other. Therefore, software experts and industry specialists are an ideal source of information, advice, and ultimately ensuring that the right decision is made.
After understanding the features and deciding upon a few potential vendors, you can also compare the pricing of the Practice Analytics EHR Software. After you reach a vendor with all the services, features, support, and cost plans you are looking for, you can finally make the last step and move towards its implementation.