Practice Management System (PMS) is a new age IT tool for practicing doctor’s and physicians. The healthcare professionals has to deal with a no. of tasks such as patient appointment scheduling, recording patient history, maintaining treatment records, claims submission and reimbursement issues. Advanced information technology has made it possible to introduce IT tools like PMS for the healthcare industry. The new age IT tool “Practice Management System (PMS)” makes the job of managing the practice easy.
The practice management system (PMS) is an integrated software tool. The software is designed in such a way that it can easily interact with other healthcare information tools so as to bring about meaningful patient information. The information is stored in central database and thus provides with the capability of sharing the data with other software tools. System integration is a very important functionality as it helps to cut down the redundancy in data storage.
An advanced practice management system (PMS) usually includes the following features to make it a fully functional system for doctors and physicians: Patient Registration, Eligibility Verification, Authentication Check, Claim Generation, Claim Submission, Medical Coding, Charge Entry and cash posting, A/R Denial Management, A/R Collections and follow-up, Medical Billing, Charge Capture & coding, Patient Follow-up and Third Party payment compliance.
The importance of practice management system (PMS) in the doctor’s or physician’s office can not be denied. It makes the job easy – availability of the time slot and registration can be accomplished with just a mouse click. Eligibility verification can be done before providing for the service codes. Claims submission, claims generation and tasks can be completed with a single click. The end result of implementing a PMS is saving of time and man hours, reduction in errors, better quality of service and over all patient satisfaction.
The practice management system (PMS) is an integrated software tool. The software is designed in such a way that it can easily interact with other healthcare information tools so as to bring about meaningful patient information. The information is stored in central database and thus provides with the capability of sharing the data with other software tools. System integration is a very important functionality as it helps to cut down the redundancy in data storage.
An advanced practice management system (PMS) usually includes the following features to make it a fully functional system for doctors and physicians: Patient Registration, Eligibility Verification, Authentication Check, Claim Generation, Claim Submission, Medical Coding, Charge Entry and cash posting, A/R Denial Management, A/R Collections and follow-up, Medical Billing, Charge Capture & coding, Patient Follow-up and Third Party payment compliance.
The importance of practice management system (PMS) in the doctor’s or physician’s office can not be denied. It makes the job easy – availability of the time slot and registration can be accomplished with just a mouse click. Eligibility verification can be done before providing for the service codes. Claims submission, claims generation and tasks can be completed with a single click. The end result of implementing a PMS is saving of time and man hours, reduction in errors, better quality of service and over all patient satisfaction.
I just started using medical practice management at my office. I guess you could say that up until now I've been an old school doctor. But this was the best decision I've ever made. PMS is a fantastic way to run a business.
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