6 Pro Practice Management Software Features: Top Tools In 2022
A search for good practice management software will show up with thousands of results. And how do you choose the best one among all? Features matter the most in any kind of software.
Choosing the software with old and basic features won’t work for your practice. Going with the PM software with new, updated, and advanced features will help you to improve your practice growth.
What are the must-have features of best practice management software? Here are the top lists of 8 features that help you to choose the right software based on the needs of your practice.
What Is Practice Management Software?
Practice management software is specially designed to help small and mid-sized healthcare practices to run more efficiently by managing both financial and administrative functions. The most common practice management software facilities include;
- Recording patient demographics
- Patient appointment scheduling
- Charge capture management
- Handling billing procedures
- Insurance claims submission
- Payment processing
Must-Have Practice Management Software Features
Practice management software is rarely deployed to a healthcare private practice where no integration is essential. Frequently there will be a few third-party software being used that PM software should coordinate with.
A great example is Electronic Medical Records (EMR). Integration with an EMR is considered one of the most challenging tasks of healthcare practice management system implementation.
A fair PMS solution ought to incorporate a simple method to coordinate with the existing framework, like a CRM framework, task management, or an accounting tool and so on It's imperative to ensure the PM system you are thinking about effectively incorporates third-party solutions through an API.
2. Practice Workflow Automation
Today most healthcare practices are started implementing practice management software for their practice needs.
The major reason for the adoption is to simplify and optimize the practice workflows and processes. Advanced PM software like Vozo can easily automate a lot of manual time-consuming takes and eliminate the practice burden.
So, to effectively automate and improve your practice workflow you should be looking for the practice management software with the pro functionalities including,
- Appointment scheduling
- Appointment tracking
- Inventory management
- Patient Portal
- Task management
- Billing and financial analysis
3. Automatic Insurance Verification
The medical practice management system that automates complex processes such as insurance verification helps you to immediately stand out from the crowd.
This kind of automated insurance eligibility verification process allows your practice staff to estimate payments and do payment collection at the point of care.
Practice management systems with integrated insurance verification can convert complex processes into a real-time revenue-generating tool by offering:
- Insurance eligibility verification
- Pre-authorization before every procedure
- Tracking both available and expired benefits
4. Mobile-Friendly Platform
Mobile device users are increasing day by day when compared to desktop users. Today, patients are showing more interest in accessing healthcare via their mobile phones just with a few clicks.
So it is important to make sure that the practice management software is mobile-friendly to utilize. The PM software that operates on iPhones and Android smartphones is getting more attention in the healthcare marketplace. The basic features of the PM mobile app should include
- Appointment scheduling
- Appointment Reminders
- Appointment re-scheduling
- Medical bill payment
5. Marketing Tools
Having the option to run marketing campaigns just externally under a practice management system is an uncommon case. This is an advantage of complex stages.
Utilizing advertising and management tools incorporated into a PMS will permit you to easily track ROI per patient or scheduled appointment. An advanced practice management system with marketing tools would permit you to track and measure the results of your marketing campaigns:
- Tracking of cost per patient and transformation rates
- Campaign management to increase new patients
6. Real-Time Dashboards
Actionable dashboards with easy-to-access reports are another feature of an efficient practice management system. Being able to analyze your practice's financial performance and staff performance is very important for knowing your practice's actual financial position.
Detailed financial dashboards and gathered analytics will help you to improve your practice cash flow. This may also help you to view the patient's key demographic characteristics and also inform you about your physician's performance.
Vozo Practice Management For Improved Cashflow
Practice management software today is a must-have tool for any healthcare practice. So, while choosing the best PM software, make sure these features are included.
Vozo practice management system will help you right from appointment scheduling to revenue cycle optimization, monthly reporting, and seamless integration with EHR systems.
With Vozo PM software you can
- Reduce the manual billing process
- Schedule patient visits easily
- Easy EHR/EMR integration
- Speed up the payment process
- Receive faster reimbursement
- Process claims more efficiently
Vozo helps you in building efficient practice management software or customizing your existing solution. Get in touch to know more about your PM needs.
“Let’s make your healthcare processes efficient and engaging, together”