In the healthcare industry, increased cost associated with the operations of medical practice is one of the issues that one would possibly hear physicians, especially the solo providers, whining about. Every now and then you would come across healthcare professionals complaining about the very fact that efficient management of both the administrative and financial operations is, but a delayed, result of enormous monetary costs. Hiring additional dedicated resources to control the administrative and financial side of the practice is one of the reasons behind the increasing operational costs. Fortunately, health IT has a remedy to this problem as well. Applications like practice management are available to help physicians streamline the business operations on their own, without having them spend hefty amount of money.
“Why do physicians even have to be spendthrift when they have practice management available to them? Today, established vendors even provide all-in-one, affordable solutions that could help physicians address both their clinical as well as administrative needs by merely paying a minimal monthly subscription fee”, says a San Francisco based health IT consultant.
Certainly, I tend to agree with the aforementioned statement. With practice management software in place physicians can perform all the non-clinical tasks by themselves. Practice management helps them optimize all the business workflows within seconds – thereby saving valuable time and money. From scheduling appointments to noting patient demographics to sending electronic messages, the built-in practice management modules help physicians streamline all these administrative tasks. The software also ensures that there exists seamless workflow transition between the front and back office so that no barriers hamper the billing operations once the clinical actions are completed.
Furthermore, cloud based practice management software has also helped in curbing the costs associated with traditional hosted servers. This means that after spending an affordable amount on implementing practice management, physicians do not have to waste more money on software upgrades and maintenance.
Considering the financial slump and appalling conditions of the economy, physicians cannot afford to spend a good deal of money on first hiring additional resources and then training them to manage the business operations of the practice. Instead they could simply implement practice management software and eliminate the need of an office manager. While adversaries would proclaim that this might end up hampering physicians’ productivity – making them less attentive towards their core responsibilities, the advocates would not back out on supporting practice management software and helping physicians realize the potential benefits this technology can bring to them.