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Tag Archives: Practice Management Systems

5 Tech tools to boost financial performance

Most physicians are already using EHR systems to record patient encounters, track clinical progress, and report on outcomes. But fewer are taking full advantage of them as a tool to improve financial performance, according to practice management experts Lucy Zielinski, vice president of The Camden Group, and Derek Kosiorek, a principal consultant with the Medical Group Management Association. While there are myriad technology features and add-ons that can help optimize workflow and bring in payments, a few are becoming essential to revenue cycle efficiency. They recommend starting at the front desk with these five tools that leverage the capabilities of your system.

Read more at Physicians Practice.com.

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How to Select a Medical Practice Management System

Prior to implementing a practice management system that automated its billing operations, the staff at Tri-County Eye Physicians and Surgeons in Southampton, Pa., often waited weeks before learning that a claim had been denied due to mismatched diagnosis and procedure codes. Since going electronic, the practice has not only eliminated that wait but prevented errors from occurring in the first place.

Although costly, practice management systems are becoming essential for efficiency, experts say. Physicians can cut costs and boost revenue by automating everyday tasks like claim submissions and insurance authorizations. Read more about how to select the best system and take advantage of new features in this article I wrote for Physicians Practice.

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