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Practice Analytics EMR Software

Practice Analytics EMR Software Guide

To define practice analytics specifically designed for the medical industry, it is vital first to understand data analytics. What does it mean? 

Data analytics is considered part of a more extensive business intelligence system that allows users to collect, store, view, and analyze data in the form of charts and graphs. It aids in gaining insights and making informed decisions. It assists medical practitioners in offering solutions for a different types of data. Users can track important artifacts such as:

  • Key performance indicators (KPIs)
  • Revenue cycle and billing
  • Reimbursement rates
  • Patient intake
  • Patient surveys
  • Diagnostics and treatments

When it comes to EMRs, there are a million choices on the market. Finding quality-care software is a daunting task. While many practices use a paper-based healthcare system, they are time-consuming and prone to errors. 

Implementing practice analytics software solutions will help you learn more about your patients through surveys and information collected during patient intake. And to get you started, this guide will help you begin your process of searching for EMR systems for your practice by providing you with information on features and tips to consider. 

Features of a practice analytics EHR software

Choosing a practice analytics EHR will streamline your entire clinical workflow with simplified administrative. To understand the software mechanics, it is advisable to be first informed about its various features and functionalities, in addition to medical-specific capabilities. Before choosing, you should check if the software has the following prospective characteristics:

Predictive Analysis Tool:

By using built-in algorithms and different mathematical systems, analytics tools help you or your organization assess accounting information to observe data sets and predict budget & spending for the year, quarter or month. 

Dashboard Development:

A real-time dashboard enables the user to see all the important workflow operations of their practice. It is the main control center. It presents all the data in the form of charts and interactive graphs.

Development of Data Sets:

Managers can easily create controlled data sets from a larger, more complex body of data. This feature of practice analytics software solution is particularly useful for creating tasks such as randomized samples, aggregating data, or scrubbing entries. 

Data collection and storage:

Practice analytics tools offer easy data documentation by integrating with your existing EHR systems, allowing you to gather information from various resources.  

Reporting Tools:

This is an important feature that enhances user interaction with data by asking different questions. The tool then gives the answer in the form of a report. 

Data Customization:

This feature allows users to customize their sets of data, which is useful for creating random samples and scrubbing different entries. 

Sharing:

Practice analytics software should facilitate sharing of data sets and information among team members for collaboration, increased effectiveness, knowledge pool, and dynamic options for solutions. 

Top benefits of practice analytics EMR software

We have compiled some of the major benefits of practice analytics software. 

Decision Forming:

Running a business is a laborious job. And by having data-based insights into your practice, you will know where and when to spend money, which services to offer to the patients, who to hire and how to run an entire team. Practice analytics EHR solution will cut down your workload by providing answers to your questions. 

Tracking KPIs:

Practice analytics software tracks key performance by benchmarking. It helps practices improve phenomenally by obtaining goals, reviewing past performance, track current performance, and set goals for future performance. 

Performance and Patient Satisfaction:

This, of course, is the number one priority of any physician. By accessing patient reviews, diagnosis, treatments, and outcomes in the form of a compiled data can help practitioners perform better and excel at their work.  

User Interface: 

Not all medical practitioners are tech-savvy; it would not be right to expect everyone to be experts in using EMR software. Effortless and straightforward software should be a top priority as it will also be easy for the customers to switch to electronic service. Quality software also has in-built recording systems for specialty practices. Some vendors offer free training too. 

Workflow Management: 

Working in any specialty-specific practice comes with dealing with heaps of data. Hence you should make sure your EMR software facilitates care and support rather than interfering in direct patient interaction. It will give you the comfort of electronic patient charting, managing, maintaining, and documenting all your workflow problems. It eases the process of data entry by allowing users to input information into patient records electronically. 

Some EMRs also offer speech-to-text functionality (voice command). Any specialty-specific practice requires handling large volumes of data. Practice Analytics EHR software solution should be able to manage, document, and maintain workflow. This helps the physicians better understand patients’ conditions and help them make the right decisions at the right times.

E&M Coding:

Looking at today’s healthcare industry, having an EMR integrated with E&M coding and e-prescription goes without saying. It presents better evaluation and management standards, ensuring that healthcare payers have all the clients’ information to payout. They make the task much more straightforward and convenient for medical providers. 

User-Friendly Interface: 

Provides quick access to commands and standard features. It is the most critical factor in facilitating interactions between the customer and doctor through its easy-to-use navigation and customization. 

Quick Tip: Get precise guidance by looking at the top EMR platforms for practice management in 2021. 

Tips for choosing a practice analytics EHR vendor

When selecting a practice analytics EHR, providers should consider features deemed necessary to improve efficiency and care at your clinic or solo practice. For example, some EHRs will allow you to create and store custom, reusable notes in a database for quick retrieval during a patient encounter. Besides, many clinics benefit from administrative features, such as a calendar application or patient scheduling for clinical appointments. 

Also, keep an eye out for vendors who will also give you a free EHR demo. Keep reading our guide for an insight on useful facts to consider before purchasing:

Be mindful of the hidden costs before purchasing any EHR software. 

Size: 

Depending on your practice’s size, whether it is a solo or small practice having a limited number of staff, choose a vendor that either employs free EHR software or works on a low monthly fee structure. Software is always designed keeping in mind the number of users, budget constraints, scalability, and support. For small scale size, opt for cloud hosting storage; it will offer ample storage and backup with improved efficiency, security, and safety. Cloud-based systems also offer greater ease of use for less technical users and minimize the need for in-house IT staff.

Medium-sized practice: 

The requirements for medium-sized practice are stringent. Still, the EHR software also necessitates unique features such as interoperability (for smooth workflows and quality care), dedicated customer support, multi-device support, and extensive reporting functionality to keep an eye on the practice’s overall performance. 

Large practices:

Consist of 15-20 medical providers; therefore, a scalable EHR solution is needed to accommodate users and doctors from multiple locations. 

Hospitals and Enterprise Organizations:

Hospitals and Organizations need a list of requirements to be fulfilled by EMR software. Features such as inventory management modules, interface with local labs (LIS), EMAR (electronic medication administration records), machines, and diagnostic equipment, along with drug dispensing, are of utmost importance. It should also integrate easily with other software and medical devices. 

System Architecture: 

Site computer server or cloud-based software should be available anywhere through the internet. Selecting a design depends solely on your comfort level and choice. Some medical practitioners prefer a computer server as it covers the HIPAA requirements, while others want database access.

Check out our buyer’s guide for medical billing software

Customer Support Quality: 

Having an efficient and quick customer support service available all around the clock is essential when your software faces a technical glitch. Most of the EHR software vendors provide customer support as part of the plan without any additional cost.  

Certification: 

This goes without saying that whatever software you decide to opt for in the end should have a certification. For any specialty-specific software, look out for the ONC-Authorized Testing and Certification Body (ONC-ATCB). They will make sure that your vendor meets applicable objectives and, most importantly, is HIPAA compliant. Security of patient data and medical records is a principal concern for clinicians, medical providers, and your patients. Top EHR Software Vendors from today like AdvancedMD EMR, PrognoCIS EMR, Modernizing Medicine, Chirotouch Kareo, etc., use data encryption technologies and other advanced tools in every section of the EHR Software to make sure they safeguard patient records.

Compare the pros and cons with our detailed article on Athenahealth EMR VS eClinicalworks EMR

24/7 Access: 

Verifying that your EHR is accessible on both PC and Mac is required. You never know what computer you will be accessing the software or which device your patient will be using.

Mobility:

Since smartphones rule the world and are easy to carry around, to keep up with a fast-paced world of technology, a vendor must have a mobile application service for its software solution. Having an application 24/7 on the go will make it convenient for the doctor to take notes of symptoms, patient history and electronically prescribe medication. 

Conclusion

Choose wisely and find the best EHR service provider for your practice with our vast resources. With the right technology—make your work life easier and your healthcare dynamic. Find a suitable EHR with SoftwareFinder.

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