{"id":16364,"date":"2013-07-28T22:49:07","date_gmt":"2013-07-29T02:49:07","guid":{"rendered":"http:\/\/www.poweryourpractice.com\/?p=8249"},"modified":"2013-07-28T22:49:07","modified_gmt":"2013-07-29T02:49:07","slug":"3-medical-tech-trends-for-the-2nd-half-of-2013","status":"publish","type":"post","link":"https:\/\/carecloud.com\/continuum\/3-medical-tech-trends-for-the-2nd-half-of-2013\/","title":{"rendered":"3 Medical Tech Trends for the 2nd Half of 2013"},"content":{"rendered":"

According to the Practice Profitability Index, a joint study by QuantiaMD and CareCloud, almost half of the physician practices are looking to improve their operational performance in the coming year. In fact, 41% of the 5,012 physicians surveyed already have specific plans in place that will refine the way they practice medicine.<\/p>\n

The main reasons? Implementing a new EHR (41%), replacing an outdated EHR (25%), and replacing their existing practice management system (16%). So today we\u2019ll take a look at the reasoning behind these operational improvements and why we expect them to catch on more rapidly through the 2nd<\/span>\u00a0half of this year.<\/p>\n

<\/p>\n

EHRs: A Safer, More Profitable Charting Solution<\/strong><\/h3>\n

It seems the move to electronic health records is in full swing for providers who haven\u2019t switched over yet. This is not a bad idea, considering that EHRs are a more secure alternative to paper-based records.<\/p>\n

If properly encrypted, the data in an EHR cannot be accessed by any unauthorized personnel. Unlike paper records, which can be read by practically anyone, encrypted data files require a specific code key to read them, rendering the data useless to most thieves and keeping your patient\u2019s health information out of harm\u2019s way.\u00a0<\/strong><\/p>\n

EHRs also strengthen the physician\/patient relationship<\/a>. By speeding up clinical encounters, enabling online messaging, and allowing patients to take control of their own health, EHRs help patients feel more satisfied.<\/p>\n

And of course, EHRs have the potential to generate profits. Putting aside government incentives for Meaningful Use adoption<\/a>, EHRs also boost revenue by allowing doctors to get better reimbursements from their claims.<\/p>\n

Out With Old, In With The New EHR<\/strong><\/h3>\n

According to a Black Book Rankings report<\/a>, 17% of physician practices are considering switching EHR vendors<\/strong>\u00a0by the end of this year. This means that out of 17,000 active EHR users surveyed, one in six wants to exchange their first-choice EHR. These findings parallel those discovered in the PPI.<\/p>\n

The majority of EHR skeptics say current systems don\u2019t meet their needs because <\/strong>vendors don\u2019t admit whether their software is prepared to handle specific specialties.\u00a0Each specialty<\/a>\u00a0brings a distinctive set of challenges to the table, and as a result, they demand different software functionality.<\/p>\n

Now, many CIOs are calling for\u00a0EHRs that are powerful, easy to use, customizable, and aesthetically pleasing. The key, they say, is finding software that accelerates encounters, so doctors spend less time-fighting technology and more time treating patients.<\/p>\n

Is Your Practice Management Software In The Cloud?<\/strong><\/h3>\n

Cloud computing has become a ubiquitous part of our lives \u2013 email services, music sharing, and banking technology included.\u00a0 So it\u2019s about time the cloud emerges as a reliable source of infrastructure in the health care industry.<\/p>\n

Providers that have replaced client-server solutions with cloud-based options have shown significant savings in administrative costs. Since cloud-based solutions don\u2019t require hardware or in-house IT to maintain, practices have been able to allocate funds to more profitable investments like stronger marketing initiatives<\/a> or hiring new kinds of providers<\/a>.<\/p>\n

A PM solution that automatically updates itself, a feature almost all cloud-based software offers, will be important during the upcoming ICD-10 transition<\/a>. These systems stay as current as possible with the changing reimbursement requirements related to government mandates. This ensures you\u2019ll send out the best quality claims, even after the transition to ICD-10.<\/p>\n

There\u2019s no denying a shift towards more information technology at the practice level. The PPI reflects that 20% of US physician practices will implement a new EHR in the next year, leaving the US inches away from total adoption.<\/p>\n

It\u2019s apparent that 2013 is the year for operational-level tech improvements at the practice level. Don\u2019t waste the 2nd\u00a0half!<\/p>\n","protected":false},"excerpt":{"rendered":"

According to the Practice Profitability Index, a joint study by QuantiaMD and CareCloud, almost half of the physician practices are looking to improve their operational performance in the coming year. In fact, 41% of the 5,012 physicians surveyed already have specific plans in place that will refine the way they practice medicine. The main reasons? 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