As change reshapes the healthcare industry, it is placing an ever- increasing strain on the technologies that practices use to manage their operations, sustain profitability and support patient care.
At the same time, the arrival of modern technologies in healthcare – the same ones that power Facebook and Twitter, rather than the Nixon-era coding that dominated decades past – is enabling entirely new capabilities.
The result: medical practices are increasingly voting with their feet. They are stripping out outdated systems and replacing them with modern alternatives, ones that can adapt to change.
In fact, a 2011 Capsite survey found 38 percent of physician practices planned to upgrade or replace their current practice management (PM) system in the next 12-24 months.
Of the roughly 1,300 physician groups polled in the survey, 63 percent said they would look to replace their existing system with an integrated PM and EHR solution.
Is it time for you to do the same? Outdated software and hardware not only creates more work for doctors and staff. It can also cause serious inefficiencies and cash-flow interruptions when not equipped for the changes facing the healthcare industry in the coming months and years.
This easy-to-use, weekly series will help you to:
- Identify the three most important industry trends that will affect your practice’s profitability;
- Reassess your technology needs in light of those changes;
- Decide whether a new PM or billing solution could be right for you;
- Understand how to replace your current solution, if so.
Along the way, we will provide insights from experts and practices that have confronted these same issues. Check out Power Your Practice every Thursday for the next few weeks to receive a new installment of the only PM guide that tells you exactly what you need to switch smoothly.[do action=”separators”/]
Stay tuned for the next installment to identify challenges making your practice software more obsolete!
If you can’t wait a few weeks for the entire guide, download our Time to Switch: Your Complete Guide to Practice Management System Replacement whitepaper today!