ROI Analysis for Full Cycle Web Based Practice Management Software Solution

Executive Summary

Within this document, you will see detailed financial analysis and real world scenarios that will demonstrate the exponential cost savings that can be achieved with a full cycle practice management software.

Full Cycle Practice Management Software will:

> More efficiently utilize your schedule by using Resource Scheduling
> Set-up scheduling rules based on your practice needs (by caregiver, room, equipment, procedure)
> Maintain Caregiver Profiles
> Maintain Payer Contract Fee Schedules
> Set-up billing rules specific to your claim forms and payer contract requirements
> Automatically track your collection efforts and all follow-up
> Complete revenue reporting for financial reporting to stakeholders

Traditional Practice Management Software
Managing a practice should not include adjusting your practice rules to fit your software. The software should adjust to fit your rules. We will look at various aspects of a practice management software.

Scheduling
With a typical manual appointment book system, your employees invest much time in maintaining the “book”. Appointment rules are not built in the appointment book. Instead, your appointments may be based on the person speaking with your patient. If you are no longer using the “book” but instead using an appointment book software system, your appointment scheduling software may not maintain all appointment rules. Both of these types of systems hinders your ability to successfully manage all employees time (appointment scheduler, caregiver, front desk personnel) and provide quality patient care. more