Practice Analytics EMR Software
Last updated: December 09, 2023
Practice analytic Software, commonly called healthcare analytics, is the meeting point of Business Intelligence and medical software (such as practice management systems and EHRs). Practice analytics EMR software is the tool through which medical practitioners can collect and analyze patient data. In this buyer’s guide, we are going to talk about what practice analytics EMR is and how it works.
Here’s what we’ll be discussing in this buyer’s guide:
What is a Practice Analytics EMR Software?
Before heading towards Data Analytics for the medical industry, let’s shed a little light on data analytics in a general sense:
Data analytics Software are Business Intelligence tools that allow organizations to collect, store, present, and analyze data to form information to make informed decisions and gain insights. In larger businesses, data analytic tools are an essential part of their intelligence system.
Similarly, medical software providers integrate analytics Tools into their existing software systems to offer unique solutions to physicians and streamline data collection. One of the biggest benefits of data analytics tools is the ability to collect different types of data and information, which is extremely useful for medical practices. These tools allow users to track:
- Patient Intake
- Patient Surveys
- Diagnosis and Treatments
- Key Performance Indicators (KPIs)
- Reimbursement Rates
- Revenue Cycle and Billing, and so on.
By tracking different types of data information, practice analytics Software allows you to gain a deeper understanding of your organization from different perspectives. For example, if you want to learn a little more about your patient experience, healthcare analytics software can help you do that. You can use patient feedback through patient surveys and information collected during patient intake to improve the quality of your organization.
You can also gather and collect data to analyze the efficiency of your business processes and where your money is going. This will allow you to make quantitative goals and make changes to your organization to grow and improve.
Here, I’ll be going over the various features of a practice analytics EHR along with the requirements of selecting your EHR vendor for your practice.
Before jumping to an EHR software, you must assess the needs, requirements, and capabilities of your practice. After all, a practice analytics EHR/EMR software comes in all shapes and sizes. Some practices might require EMR software for large practices based on their size, while others might need small scale ones.
Here’s all you need to know to make the most of your practice analytics EHR software.
Practice Analytics EMR Software Features
Here are some features of practice analytics EHR software that help improve patient care, streamline your clinical workflows and simplify administrative tasks.
Dashboard - A dashboard serves as a central control center for analytics tools. It lets you view your collected data and presents it in easily digestible, visual, and interactive graphics.
Data Collection and Storage - Practice analytics Tools often integrate with your existing systems (such as Patient Scheduling, EHRs, Patient Engagement, Practice Management, etc.). This allows you to expand your sources from where you can gather information.
Data Set Collection - Practice analytic EMR allows you to create controlled and visually presentable data sets from a larger set of existing data. This is particularly useful for creating randomized samples, scrubbing entries, and aggregating data.
Querying and Reporting - Practice analytic EHR software allows your users to interact with the data set by ‘asking’ questions. The tools answer the query in the form of a report.
Predictive Analysis - With the help of mathematical models and algorithms, the analytics tools can observe data sets and produce a forecast for future events of the company. Predictive analysis can help your organization assess accounting information from the past year to predict budgeting and expenditure in the upcoming one.
Sharing - Sharing of data sets and information among designated users enables collaboration among team members, which, in turn, is important for creating dynamic solutions.
HIPAA Compliance - A practice analytics EHR software also needs to ensure patient information confidentiality and privacy through compliance with the Health Insurance Portability and Accountability Act (HIPAA) guidelines.
Choosing a Practice Analytics EMR Vendor
Now that we’ve discussed the necessary features of a practice analytics EHR, let’s talk about some of the requirements you’d need from your EHR vendor. These may differ for each individual medical practice.
Vendor Size – What type of practices does your EHR vendor typically cater to? Some EHR vendors only provide services to small-scale practices, while others cater to large-scale practices. Therefore, if you have a small practice, paying for services that help large practices, won’t do much good. Similarly, large practices won’t be able to function with services designed for small practices.
Design – The design of EHR’s infrastructure depends on your choice. Whether you would prefer a cloud-based, web-based, or even standalone EHR.
Web-based EHR: These companies focus on a web-based approach and practitioners can access their patient information through their web browser.
Stand-alone EHR: Although not quite popular as the others, this EHR is an on-premise EMR that can be accessed remotely through smartphones, iPads, etc. as long as you’re connected to your practice’s network.
Cloud-based EHR: Companies that provide native cloud EHR offer you access to patient information through a cloud-storage.
Certification – Vendor certification ensures patient information confidentiality and security and is perhaps one of the most important things to look for in a practice analytics EHR vendor. So make sure your vendor has ONC-authorized testing and certification body (ONC-ATCB) certification.
According to the top reviews, most practice analytics EMR software vendors focus on providing cloud-based healthcare IT services to enhance security and provide seamless services.
Practice Analytics EMR Software Benefits
An effective EHR software helps streamline your clinical workflows, simplify administrative tasks, and help reduce cost. Here are some of the most advantageous benefits of a practice analytics EHR software.
- Improve administrative efficiency by simplifying processes
- Ensure an accurate and simplified note-taking process.
- Improve clinical workflow efficiency.
- Enables you to make informed decisions.
- Helps to improve patient experience and workplace performance.
- Improve medical practice
- Predictive algorithms make diagnosis easier and helpful.