According to the World Health Organization (WHO), administrative errors account for up to 50% of all medical errors.With an estimated 1.5 million healthcare jobs lost in the first two months of COVID-19 and ongoing...
According to the World Health Organization (WHO), administrative errors account for up to 50% of all medical errors.With an estimated 1.5 million healthcare jobs lost in the first two months of COVID-19 and ongoing staffing shortages in medical practices nationwide, it’s no surprise that medical practices are overwhelmed by administrative tasks with insufficient time to monitor billing tasks.
According to the World Health Organization (WHO), administrative errors account for up to 50% of all medical errors. With an estimated 1.5 million healthcare jobs lost in the first two months of COVID-19 and ongoing staffing shortages in medical practices nationwide, it’s no surprise that medical practices are overwhelmed by administrative tasks with insufficient time to monitor billing tasks.
How can automation ease the crisis?
Attending to patients and providing medical care is the main priority of medical practices. And yet, due to growing staffing issues, practices are inundated by administrative tasks with very little time to complete them. From scheduling appointments to filing insurance claims, admin tasks cut into the available time for providing quality medical care to a growing patient population.
The primary function of medical practice management software is to provide additional support for medical practices and healthcare practitioners. Electronic medical records (EHR) automate the management and transmission of patient data to streamline operations, improve productivity, and increase allocated time spent providing attentive medical care.
The benefits of automation
There is more than one benefit of deploying automated healthcare practice management software. These include:
- Enhanced data access and management
- Increased patient satisfaction
- Lower overheads and costs
- Simplified scheduling
- Enhanced privacy
- Reduced errors
Medical practice management software uses
Medical practice management software has many uses to help streamline and simplify admin tasks.
What tasks can I automate?
One of the many uses of medical practice management software includes appointment scheduling to save time and significantly reduce patient no-shows. With integrated patient portals, patients gain greater autonomy over their health appointments with the option to schedule, change, or cancel appointments at the push of a button. Automated appointment reminders help to save even more time by streamlining correspondence and reducing the workload of the practice.
Validate, process, and track
Medical practice management software is designed to simplify claims validation, processing, and tracking to help improve the productivity of front desk staff. By automating these three stages of the claims process, practices reduce the potential for error and drastically reduce time spent on administration tasks.
Validating patient eligibility is a somewhat tedious process that consumes a great deal of time. Automated validation systems have the potential to increase staff efficiency and practice profitability with comprehensive electronic eligibility verification systems. The best medical practice management software automatically runs eligibility checks before appointments to ensure the practice is paid for its services.
Eliminating the need for healthcare providers and practices to check insurance coverage, automated eligibility verification puts key data at your fingertips.
Medical practice management software has the power to automate claim editing and processing, thereby reducing the number of denials resulting from coding errors, incomplete codes, missing modifiers, or information to support reporting drugs.
This means automating plan-specific edits to reduce the number of denials for coding-related issues and automating the creation of supporting documents that are sent with the claim. The best and most effective healthcare practice management software flag inaccurate charges for review to speed up the submission process. With EOB details automatically linked to the individual charge within the follow-up workflow, the best medical practice management software ensures the correct information is immediately available to resolve denials.
The best medical practice management software reduces A/R delays by automating and monitoring the claims process from start to finish.
With built-in automation that monitors the status of each claim, medical practice management software streamlines the medical billing workflow by loading ERAs, stripping denials, and redirecting them to a resolution workflow for immediate attention.
Medical practice management software often incorporates medical billing software systems that can create and adjust payment plans. With intuitive workflows, adjusting balances, transferring transactions, and automating routine billing tasks are simple.
Acting as a web-based medical billing software, healthcare practice management software enables faster payments, with less work, at a lower cost. With comprehensive revenue cycle management, medical practice management software eliminates the worry of delayed payments, automating all billing and revenue tracking processes from start to finish.
Healthcare practice management software acts almost like a CRM for medical practices with the ability to send patient statements via text and email. Likewise, with automated patient statements, patients can pay through email and text, simplifying the billing system to generate quicker payments than ever before.
Practice EHR: for America’s best medical practices
Every team member has a vital role within a medical practice with various responsibilities to fulfill. Automation is among the best and most effective ways to improve practice productivity and profitability.
Dedicated to simplifying healthcare, Practice EHR is a comprehensive medical practice management software that automates all of the most time-consuming tasks and allows medical practitioners to focus on what really matters: patient satisfaction.
See for yourself how Practice EHR can simplify all aspects of your medical practice with a platform demonstration. Enabling seamless workflows and intuitive automation features, Practice EHR is The ONE solution to streamline the day-to-day running of your practice.
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