Survival Guide for Independent Practices

The business trends in the medical industry are regularly changing. The healthcare world is always facing new government regulations and legislation and has to constantly fight to control the burnout of the staff while still maintaining the profitability of the practice. It is becoming really difficult for healthcare providers to fight with these daily challenges while still being profitable and maintaining revenue levels.

Here are some important tips and tricks to stay successful as an independent practice while still facing these ever-increasing challenges and limitations.

Stay Smart When Managing Risks

To stand out from other practices in this challenging and highly competitive environment, you need to limit your inefficiencies that occur in the workflow by controlling the technological risks. This step will help your practice improve the revenues and the quality of care that is being provided to the patients.

Decreasing technological risks is possible by implementing an Electronic Medical Records (EMR) Software that instead of working on the local server, works on the web server. Such a Cloud-based EHR Software optimizes the workflow and guarantees data safety and backup in all cases.

Be the “Practice of Choice”

Being highly efficient in all the aspects, whether it be clinically or financially, is highly important for any medical practice. This will not only make your clinic successful but also help your independent practice to stand out from the rest. Now the question to ask is, how to get there?

The first step can be the implementation of an integrated Electronic Health Records (EHR) Software which offers the following specific capabilities to help you in different aspects.

Clinical Aspect

e-Prescribing (e-Rx): Generates and sends prescriptions automatically

Quick charting: Helps you make sense out of data automatically through charts

Mobile EMR Software: Access to all the data remotely

Financial Aspect

Revenue Cycle Management (RCM) Software: Provides financial analysis tools

Medical Billing Software: Automates the billing process and allows online payments and processing

Practice Management (PM) Aspect