What Is Practice Analytics EHR Software?

Practice Analytics EMR System is business intelligence software that helps users collect and store data and view that data in various formats, like charts and graphs. It also allows users to analyze the data to gain more understanding and then make an informed decision.

Data analytics is used by huge business intelligence systems, and various medical and healthcare corporations need data analytics software to maintain their data collections and provide solutions after analyzing that data.

Practice Analytics EHR Software System is also known as Healthcare Analytics Software. After the passing of the Meaningful Use (MU) Act by the U.S. government in 2014, the massive implementation of healthcare software systems in medical practices means the availability and management of data on a larger scale.

The ability of the analytics software to collect different types of data can be extremely useful for practices. The following can be tracked by the data analytics software:

• Billing Process
• Revenue Cycles
• Reimbursements
• Key Performance Indicators
• Patient Intakes and Surveys
• Data Analysis and Treatments

These and many other features allow users of Practice Analytics Electronic Health Records (EHR) software to have a good understanding of their businesses from various perspectives. If you want to learn more about your patients, you can conduct surveys and user feedback forms using Health Care Analytics software.

Main Features Of Practice Analytics EMR Software System

To understand how the software works, it is advisable to learn about the different features and functionalities of the software. Before choosing Practice Analytics Electronic Medical Records (EMR) Software, we should check if the software has the following key features:

Data Collection – Practice analytics tools must offer easy data documentation by integrating with the existing electronic health records systems. Data collection in various formats should be supported by the software.

Real-time Dashboards – There should be a proper real-time dashboard in the EMR Software that allows you to see all the data collected and presented in the form of charts and graphs. The dashboard should work as a control center.

Predictive Analytics – Using the built-in algorithms and mathematical modules, there should be a prediction tool within the software that produces a forecast of upcoming events.

Reporting Tools – The electronic medical records software must feature reporting tools that enhance user interaction with data by asking different queries. The analysis tool then must answer the user in the form of a report.

Data Customization – This feature allows users to customize various sets of data. This is also useful for creating random samples and scrubbing different entries. It is a must for Practice Analytics EHR Software.

What Medical Practices Need To Know About EMR Software System

Overview

Electronic Medical Records Software (EMR Software) represents the electronic method of storing medical records. Using specially designed software, physicians and other medical professionals can store a wide range of information, from patient demographics to detailed clinical records, including medical history, social history, lab reports, and more.

EMR Software by Specialty

Since all medical providers (MDs, DOs, PAs, NPs, LCSW, OT, etc.) work distinctly based on their background and medical specialty, EMR Software or EHR Software must accommodate the unique style and documentation requirements. Examples of such specialty-specific features include the ability to annotate images or store before/after photos for Pain Management specialists and Dermatology specialists, respectively. Similarly, specialties such as Pediatrics, Oncology, Podiatry, Ophthalmology, Neurology, Nephrology, Dialysis Centers, Rheumatology, and Chiropractic Care require their unique specialty-specific features to simplify adoption.

Meaningful Use

Since the introduction of the HITECH Act, healthcare IT has undergone a massive transition, starting from the widely recognized Meaningful Use program to what is now known as MACRA, the Medicare EHR Incentive Program. The Meaningful Use program has transformed and now forms part of the four components of the new Merit-Based Incentive Payment System (MIPS), which is a fundamental part of MACRA.

For some medical practices, the transition from paper-based records to EMR Software (Electronic Medical Records Software) has not been easy. Regardless, realizing that the benefits of utilizing ONC Certified EMR Software far outweigh the hassle and challenges associated with it, ensuring a viable future, most practices today have successfully transformed their clinical and administrative operations to EMR Software.

EMR Software Benefits

Aside from ensuring tangible financial incentives and profitability, practices converting to EMR / EHR Software have seen the following benefits:

• Improved practice efficiency
• Improved profitability and revenue cycle (Medical Billing Services)
• Patient Engagement (via Patient Portal)
• Decreased stationary costs
• Better Care Coordination
• Enhanced Security and Safety (Cloud Storage & Back-ups) – Cloud-based EMR Software
• Connectivity between doctors & hospitals across the country – Health Information Exchange (EMRs with HIE connectivity)

EMR Software Requirements by Practice Size

Just like a medical specialty, EHR Software requirements also depend on the size of the medical practice. From solo-provider clinics to large multi-provider, multi-specialty clinics, every practice has unique inherent challenges that must be addressed by the EMR Software vendor.

Small or Solo Provider Practices

A small doctor’s office has a limited number of staff members as well as smaller EHR Software budgets. Due to these budgetary constraints, many providers simply employ Free EMR Software or choose an affordable EHR Software vendor with a low fixed monthly fee. Cloud-based access is one such important requirement so that these providers can access patient charts even from home when needed.

Medium-Sized Practices

These practices usually consist of 5 to 10 medical providers, often belonging to the same medical specialty. Their requirements are more stringent, and their budget is also considerably larger. Aside from specialty-focused requirements (EHR Software by Specialty), these practices also require unique features such as interoperability, dedicated customer support, multi-device support, and an extensive reporting functionality to keep an eye on the overall performance of the practice.

Large Practices

Larger group practices generally comprise more than fifteen or, often, twenty medical providers. These practices usually provide medical services that fall under various medical specialties (Orthopedics, Pain Management, Surgery, Chiropractic Medicine, Family Medicine, etc.). Therefore, these practices require support for multiple users to access the system simultaneously and for the Scheduling software to accommodate multiple locations, providers, and resources, such as dialysis chairs and procedure room allocation. These practices also keep replacing or adding staff members, and need a scalable solution.

Hospitals or Enterprise Organizations

EHR software companies, such as Epic, Cerner, AllScripts, NextGen, Athenahealth, IMS by Meditab, eClinicalWorks, Meditech, McKesson, and MEDHOST, typically target and provide solutions for larger corporations, including hospitals, ACOs, PCMHs, IPAs, CINs (Clinically Integrated Networks), and public health departments.

These customers have the most elaborate list of requirements, which are usually documented in the form of an RFI or RFP to assess and shortlist vendors that can meet them. The requirements consist of features like inventory management modules, interface with local labs (LIS), machines, and diagnostic equipment, along with drug dispensing (pharmacy management software) and electronic medication administration records (EMAR), etc.

These entities also require the EHR software to integrate with multiple other software and medical devices.

Why Medical Practices Need EMR Software

Since the introduction of Meaningful Use, most healthcare practices have little or no choice but to convert their practice operations to EHR software. However, most providers today select the EHR software that best suits their specific needs and must perform an extensive search to evaluate all available options before they find one that is suitable. Most potential EMR Software buyers in the market today have the following in common:

1. Do not know what they are looking for
2. Know exactly what they want, but don’t know where to start or how to find it
3. Relying on advice from colleagues using EMR software already

Although #3 is ideal, every provider and practice workflow is unique, and therefore, what works for one provider may not suit another. “One size fits all” simply doesn’t apply in the world of healthcare IT. Software experts and industry specialists are an ideal source of information and advice, and ultimately ensure the right decision is made.

What To Look For In An EMR Software?

EMR software includes several types of software based on specific applications or functionalities:

Cloud-Based EMR Software

Small doctor offices benefit the most from Cloud-based EMR Software technology since minimal to no upfront cost or maintenance is required, and accessing the EHR Software is possible from any location, given the availability of internet access. This type of EMR software is also device-independent in most cases and can be accessed using devices such as Smartphones (Android & iOS), iPhones, iPads, laptops, and desktop computers.

ONC-ATCB Certified EMR Software Vendors

This is the most significant requirement for most software buyers today, as the software must comply with the standards and guidelines set by the Office of the National Coordinator (ONC). The online repository details all software vendors and details related to their respective compliance with the measures set by the ONC-ATCB (Click here). Software that complies with these standards has undergone rigorous testing and has been confirmed at a benchmark level defined by the federal body. The software testing done during this exercise checks all areas of the EMR Software system, from Patient Portal access to the way the EHR Software communicates with other programs and entities like labs, Pharmacies (via e-Rx), hospitals, HIEs, etc.

Practice Analytics EHR Software

Electronic health records software (EHR) for certain specialties, such as Cardiology and Vascular Surgery, must provide unique tools to document the clinical workflow of those specialists, such as specifying the area of concern. Pain Management specialists, for example, must be able to specify joint pain through a method more than mere capture of text data.

Integrated Practice Management Software

With competition rising in healthcare IT, EMR software providing integrated Practice Management software (PM software) as part of their overall software package easily outperforms rivals with standalone EHR Software, including those that may provide specialty-specific EHR software. EMR Software companies with integrated Practice Management solutions often provide extensive reporting capabilities to track practice performance and manage business operations better.

Integrated Medical Billing Software

Medical practices require software systems to streamline operations across the board. One such important area is billing for services rendered and communications with insurance companies. Medical Billing Software, therefore, works best when integrated with Electronic Health Records (EHR) software. All clinical documentation seamlessly conforms to the required standard and forms a financial document that can be electronically sent to payers (insurance carriers) to verify and process at their end. This simplifies the operations and ensures all parties are on the same page when it comes to the financial health of the enterprise. Medical billing software helps practices and medical billing managers generate claims and patient statements, verify patient eligibility, and more. This software is ideal for practices that want to handle billing in-house and can integrate with EMRs.

Security

An EMR Software must ensure the security and safety of patient records while ensuring privacy and HIPAA compliance for patient/doctor communication (Patient Portal). This is a paramount concern for physicians, and HIPAA compliance should be guaranteed at all times by the EHR Vendor. Most Vendors today (Epic, Cerner, Athenahealth, AdvancedMD, PrognoCIS, Modernizing Medicine, eClinicalWorks, etc.) are aware of the importance of HIPAA compliance and have taken steps to ensure the safety of patient records security in every section of the EHR Software using advanced tools like data encryption technologies to enhance the security of the EMR software.

drchrono EMR Software

Specific Services

One of the decisions your practice will have to make is whether you want just EMR software or one with integrated Practice Management for billing and scheduling. There are advantages to having both together, but there have been cases where some practices only go for one if they had unique requirements that a vendor could not fulfill, or they had already paid a hefty amount for a PM software and weren’t looking to replace it yet.

Ease of Use and Training

Doctors are not IT professionals, and though some might be tech-savvy, it would be egregious to expect them all to be experts on EHR software. Ease of use is essential to make the transition from paper to electronic smooth, as well as the day-to-day practice to go along without a hitch. If the software is too complicated and hard to understand, it’s a waste of precious time and needlessly aggravating. Some vendors offer free training, while others don’t make sure you ask for training if your practice needs it.

Specialty Specific

Not all specialties are created equal, so why must their software be generic? Basic EHR software works well and is good for general practice and most specialties, but doctors have complained that specialty-specific not being available in the market. The specialty software has inbuilt recording systems that make specialty practices function efficiently. Only a few vendors provide specialty-specific software, so there aren’t many to choose from. But more vendors are cottoning on to the demand and there should be more options shortly.

Support

Support is a major issue most practices have with their current vendors. A good support team can make small glitches to major roadblocks easy to maneuver while a bad one will just make things worse. Some vendors provide support as part of the plan you’re already paying for, while others charge extra for support. Scout the market, read reviews, or just ask point-blank if there will be a special support team assigned to each practitioner and whether you’ll be charged for the service.

Hidden Cost

There are varying price lists out there, some offer free services, while others charge an arm and a leg for specialty services. Either way there will be hidden costs that you might get to know about later. Fix your budget and talk to vendors you interview about hidden costs within the contract and whether services such as training and support are free.

Mobility

Smartphones have changed the dynamics of mobile usage. Handheld devices are easy to carry around and can be used for several purposes. Most people are ditching the cumbersome PC for a handheld device. Doctors mostly use iPads or Tablets in the examination room to take down patient symptoms, check history, and note down the prescription, so the vendor must have a mobile application that is synced with all the mobile devices being used in the practice.

PrognoCIS EMR Software

Market Trends to Be Aware Of

Like anything else, the EMR software industry is also subject to constant changes. From new technology to legalities and governing bodies, everything is constantly changing. Here are some of the changes I think it would do well for you to keep track of.

Meaningful Use Changes

At a healthcare conference Andy Slavitt, the administrator of the Centers for Medicare & Medicaid Services declared that Meaningful Use was over. Since then Meaningful Use has been renamed Promoting Interoperability and has brought along new updates to its core principles.

The program has been overhauled, with the CMS dedicating the program to the exchange of health information and patient data as well as encouraging medical professionals to implement Certified Electronic Health Records (EHR) technology.

Cloud-Based Services

It’s no surprise that more vendors are switching to cloud-based EMR software. Cloud-based EMR software systems can cut down on steep upfront costs that otherwise would be spent on client servers, and they can even be hosted from any device with an internet connection and web browser, making them a much more convenient option. Research has found that only 25% of practitioners are interested in a web-based EMR system, while 50% are willing to have it as an initial model that eventually transitions to a cloud-based.

EHR Footprint

Electronic Health Records software systems must be inclusive of a wide range of digital capabilities. By working towards better data liquidity, data would be more accessible and therefore increase the EHR footprint – which can be done without compromising on security. Additionally implementing interoperable electronic health record systems (EHR systems) would also allow better access and exchange of patient information between healthcare organizations.

Better Patient Access

While better patient access is expected of many EHR software systems, the feature has not been completely integrated yet. According to a study in 2019, only 10% of patients (who had access to their records) viewed them. Additionally, of these patients, 63% were encouraged to do so by their respective providers. Vendors of electronic medical records software (EMR software) are updating their systems to be easier to navigate and to better suit patients’ requirements; this also prepares EMR systems for potential future regulatory changes. More health practices are also providing more guidance and raising awareness to encourage more patients to regularly check their health records before appointments.

Patient-Centric Engagement

The growth of your practice can be greatly benefited by boosting patient engagement. One approach can be to make resources and content readily available within patient communities. Another can be to increase patient outreach.  Additionally, regular appointment reminders (which can be handled via appointment reminder EMR software) can reduce cancellations and improve patient engagement.

Patient Portal

There are many benefits to a patient portal EMR system. They eliminate the need for paperwork and manual data retrieval, and they provide a direct portal for patients to view their medical records. By allowing easy access to their records, patient portals also encourage patients to be more involved in their healthcare, which enables medical practitioners to make easier diagnoses.

Artificial Intelligence (AI)

Artificial intelligence (AI) and machine learning have both had major impacts on health IT in recent years. It is likely that as these continue to evolve and change, they will have just as big an impact on EMR software systems. AI and machine learning algorithms can improve Electronic Health Records software by making it more intuitive and efficient, and they can help streamline medical workflows and help improve patient outcomes. Applying these technologies to EHR software systems can also enable physicians to provide much more personalized and proactive care, by identifying any potential health issues early through analysis of patient data. By providing access and insights into large amounts of patient data, artificial intelligence, and machine learning algorithms have the potential to revolutionize clinical research and drug development.

Cybersecurity

As we progress into 2024, cybersecurity in Electronic Medical Record (EMR) systems is set to become increasingly sophisticated in response to rising cyber threats. Key developments will include advanced encryption and the use of blockchain for enhanced data integrity. Artificial Intelligence (AI) will be crucial for real-time threat detection and predictive analytics, and compliance with global data protection regulations will become more critical, necessitating adaptive strategies from EHR providers. Additionally, user training will gain prominence to mitigate risks associated with human error. Overall, the focus will shift towards building a proactive, resilient digital healthcare environment, fortified against emerging cyber challenges.

Customization

Heading into 2024 and beyond, the EMR (Electronic Medical Records) software trend is gravitating toward increased customization and modular design. The diverse and evolving needs of healthcare providers across various specialties drive this shift. Customizable EMR systems will allow medical professionals to tailor interfaces and functionalities to their specific workflows, enhancing efficiency and reducing cognitive load. Modular EMR systems will offer flexibility, enabling healthcare facilities to integrate only the modules they need, such as telemedicine, billing, or patient engagement tools, thereby avoiding the complexities of one-size-fits-all solutions. This approach improves user satisfaction and facilitates better patient care by providing clinicians with tools that align with their practice needs. Ultimately, this evolution will lead to more adaptable, efficient, and user-friendly EMR systems in the healthcare industry.

Enhanced Data Security and Privacy

Enhanced data security and privacy within healthcare systems, particularly in Electronic Medical Record (EMR) platforms, is a paramount concern. The surge in digital health data necessitates robust security measures to protect sensitive patient information from cyber threats and breaches. Innovations in encryption technologies and the adoption of blockchain are pivotal in fortifying EMR systems against unauthorized access, ensuring that patient records are both secure and tamper-proof. Furthermore, stringent adherence to data protection regulations, such as HIPAA in the United States, reinforces the legal framework for privacy and security. Educating healthcare professionals on best practices for data handling and implementing advanced user authentication mechanisms are critical steps in mitigating risks. As healthcare continues to embrace technology, prioritizing data security and privacy will be essential in maintaining patient trust and upholding the integrity of healthcare delivery.

Latest in Practice Analytics EMR Software

As of 2023, Practice Analytics Software has become an indispensable tool for healthcare providers, enabling data-driven decision-making, operational efficiency, and improved patient outcomes. The 21st Century Cures Act (2020) and the ONC Final Rule (2020) played a significant role in shaping this evolution by promoting interoperability and the use of standardized data formats. These regulations encouraged the development of analytics platforms that integrate seamlessly with EMRs, Practice Management (PM) software, and other healthcare IT systems, providing a holistic view of practice performance.

The COVID-19 pandemic, which began in 2020, highlighted the need for robust analytics tools to manage patient volumes, optimize workflows, and track financial performance in real time.

In 2021, companies like Tableau, Domo, and HealthCatalyst introduced advanced analytics solutions tailored for healthcare practices, offering features such as predictive modeling, revenue cycle analytics, and patient satisfaction tracking. These tools allowed practices to identify trends, reduce no-shows, and improve resource allocation during a period of unprecedented disruption.

In 2022, the integration of AI and machine learning into practice analytics software marked a significant leap forward. AI-powered tools began offering predictive insights into patient no-shows, chronic disease management, and population health trends. For example, Epic Systems and Cerner enhanced their analytics modules with AI-driven dashboards that provide actionable recommendations for improving care quality and operational efficiency. The rise of cloud-based analytics platforms enabled practices to access real-time data from multiple locations, supporting decentralized care models.

By 2024, practice analytics software will have evolved to include advanced features like benchmarking against industry standards, automated reporting for value-based care programs, and patient engagement analytics. These tools have become critical for practices transitioning to value-based care, helping them meet regulatory requirements, reduce costs, and enhance patient satisfaction. Overall, practice analytics software has become a cornerstone of modern healthcare, empowering providers to deliver more efficient, data-driven, and patient-centered care.