Practice Management System

Managing a medical practice can be a difficult task. Financial management can be quite a challenge due to the complexity of maintaining a positive cash flow while billing patients and submitting insurance claims. Managing physician schedules, communicating with patients, scheduling appointments, and handling medical data can all consume significant staff resources and drain practice profitability.

The right practice management system may help by providing the tools to execute these tasks efficiently and cost-effectively. Practice management software may include tools to simplify such tasks as patient scheduling, patient billing, and submitting insurance claims. Some practice management systems may integrate electronic health records, enabling the practice to take advantage of the efficiencies of electronic patient records as well as the financial incentives offered by the federal government for deploying such technology. A practice management system that includes a patient self-service portal can help further increase productivity by allowing patients to schedule their own appointments and access their own records without the need for help from staff.

Learn more about the benefits of a practice management system.

Smaller practices may find a web based practice management system more affordable.

While a practice management system offers many benefits, the smaller practice or independent clinician may find it difficult to justify the expense of purchasing, installing and maintaining such as system. That's where a web based system may be most effective. For the cost of a monthly subscription fee, a web based management system allows administrators to access software online – there is no software or hardware to purchase or install. Software is automatically maintained and upgraded by the system provider, with no need to hire an IT administrator or staff. A web based practice management system provides greater security, as data resides not within the practice but offsite at a data center that typically employs advanced security measures that a small practice normally cannot afford. For the smaller practice, a web based system represents a quick and affordable way to streamline operations and increase productivity.

Centricity Advance is a leading system for administrative management of the smaller practice.

GE Healthcare's Centricity Advance is a web based solution that offers a highly affordable practice management system for the smaller practice or independent clinician. Offered as a Software-as-a-Service (SaaS) solution, Centricity Advance combines an EMR implementation and patient portal with practice management tools to:

• Manage the revenue cycle more effectively by billing patients more efficiently, submitting more accurate insurance claims using electronic transactions to reduce common human errors that can cause claims denials, and tracking write-offs to reduce invisible losses
• Implement electronic medical records to provide practitioners with better access to medical data, which can help them enhance patient safety and the overall quality of care
• Maintain a 360-degree view of the practice with management analysis and reports that provide data on payer profiles, reimbursement trends, contract performance and more.

Learn more now about Centricity Advance as well as EMR electronic medical record technology and medical office software solutions.