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VectorCare
VectorCare
VectorCare is a fully customizable, comprehensive patient logistics platform. VectorCare provides Providers with the critical tools to build and manage a patient transfer center. VectorCare's industry-tested platform provides th...Read more about VectorCare
Medallion
Medallion
Medallion is the first solution built from the ground up for healthcare companies to streamline clinician operations – credentialing, ongoing monitoring, payer enrollment, state licensure, and more – through a single, unified plat...Read more about Medallion
PrimeRx
PrimeRx
In a constantly evolving pharmacy landscape, PrimeRx developed by Micro Merchant Systems guides pharmacies with innovative technologies that change patient behaviors and industry trends to build healthier communities. Pharmacist...Read more about PrimeRx
Health Cloud
Health Cloud
Salesforce Health Cloud is a patient management platform designed to help medium to large healthcare organizations manage inquiries, track issues, deliver post-acute care processes and more. Key features include clinical data mana...Read more about Health Cloud
Arrendale
Arrendale
Arrendale is medical transcription software that helps businesses in the healthcare sector manage digital documentation processes across facilities. The application provides speech recognition capabilities, which allow physicians ...Read more about Arrendale
QGenda
QGenda
QGenda is a leading provider of healthcare workforce management solutions, dedicated to optimizing the delivery of care. With their comprehensive software, healthcare organizations can activate, deploy, and manage their workforce ...Read more about QGenda
Azalea Health
Azalea Health
Azalea provides cloud-based electronic health records (EHR), practice management (PM), revenue cycle management (RCM) and telehealth solutions for ambulatory and hospital care settings. Azalea is suitable for community and rural h...Read more about Azalea Health
Healthicity Compliance Manager
Healthicity Compliance Manager
Compliance Manager by Healthicity is an all-in-one compliance and risk management platform made for healthcare organizations of all types. Its Basic, Professional, and Enterprise editions adapt Compliance Manager to any organizati...Read more about Healthicity Compliance Manager
CareVue
CareVue
CareVue is a hospital management software designed to help businesses in the healthcare sector manage electronic health records (EHR) and clinical workflows. The platform enables clinicians to view real-time patient information in...Read more about CareVue
LeadSquared
LeadSquared
LeadSquared is a cloud-based marketing automation and customer relationship management (CRM) solution for businesses of all sizes. It serves clients in industries such as finance, e-commerce, education, health and wellness, market...Read more about LeadSquared
Quanta WebHIMS
Quanta WebHIMS
Quanta WebHIMS offers a comprehensive array of installation options to meet the diverse needs of healthcare facilities. It comes in web-based, cloud-based, and local installation formats, making it an adaptable solution for a wide...Read more about Quanta WebHIMS
athenaOne
athenaOne
The athenaOne Suite which includes athenaCollector a revenue cycle management solution and athenaClinials an EHR (electronic health records) recently ranked #1 in 2023 Best in KLAS for athenaClinials Ambulatory EMR for 11-75 physi...Read more about athenaOne
HealthData Archiver
HealthData Archiver
HelathData Archiver is a cloud-based solution that helps businesses with EMR conversion and data extraction from legacy systems. Primarily catering to health systems, physician practitioners, EMR vendors, hospitals, HIEs and ACOs,...Read more about HealthData Archiver
Lifeline Suite
Lifeline Suite
Lifeline E-Clinic is a cloud-based enterprise resource planning (ERP) software designed for midsize and large healthcare organizations, including hospitals, clinics and government health projects. Modules include appointment ...Read more about Lifeline Suite
Insta
Insta
Insta by Proctor is a hospital management software with integrated EMR (electronic medical records), revenue cycle management, radiology management and inventory control. The all-in-one hospital management solution allows healthca...Read more about Insta
MedEZ
MedEZ
MedEZ is an electronic health record (EHR) and billing suite suitable for most medical facilities, particularly behavioral health centers and substance abuse rehabilitation programs. On-premise and cloud-based deployments are avai...Read more about MedEZ
Waystar
Waystar
Waystar is a cloud-based revenue cycle management platform for healthcare systems. The solution is used by organizations of all sizes to manage administrative and clinical functions. Key features include insurance verification, co...Read more about Waystar
DocsInk Chronic Care Manager
DocsInk Chronic Care Manager
DocsInk is a HIPAA-compliant telehealth solution that can be used to provide virtual healthcare by organizations of any size. Healthcare providers can use DocsInk to manage patient appointment workflows, complete billing tasks, co...Read more about DocsInk Chronic Care Manager
PrimeCare
PrimeCare
PrimeCare is a cloud-based platform that can be accessed from any device, anywhere in the world. It is built on a single database, so there is no need to worry about compatibility between systems. It also allows for real-time data...Read more about PrimeCare
SoftClinic GenX
SoftClinic GenX
SoftClinic is a cloud-based EHR and HMS solution designed to help hospitals, nursing homes and clinics reduce paperwork and improve workflow. The software allows organizations to create custom prescription profiles. Additionally, ...Read more about SoftClinic GenX
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Buyers Guide
Last Updated: March 16, 2023Managing a hospital involves dealing with a large number of patients and an even larger volume of patient data every day. Managing this vast pool of data is a task in itself. In addition, you have to cater to the many administrative aspects of running a medical facility: keeping a tab on lab reports, diagnosing patients, treating outpatients, handling medical billing and accounting, and much more. Handling these tasks manually can be back-breaking. Luckily, technology solutions can help automate many of these tasks.
One such tool is hospital management software. A hospital management platform automates the administrative, record-keeping, and financial aspects of running a healthcare organization, such as managing patients’ prescriptions, medical histories, and financial transactions. It helps save time, allowing you to focus more on your patients and less on desk work.
In this buyers guide, we go through the features, benefits, and market trends related to hospital management software to help you understand the software tool better.
Here's what we'll cover:
What is hospital management software?
Hospital management software is a software tool that automates the management of various day-to-day operations of a hospital. It helps oversee the administrative as well as financial aspects of running a healthcare facility. Healthcare professionals can use the software to manage patients’ medical records, appointment dates, contact details, insurance claims, payment records, lab reports, and much more.
These functionalities can help a hospital, clinic, or any other medical practice improve records management, reduce the time spent on administrative tasks, increase operational efficiency, and enhance the quality of patient care.
A view of the dashboard in eHospital Systems (Source)
Common features of hospital management software
Here are some common features of a hospital management system:
Appointment scheduling | Allow patients to schedule appointments online and have the appointments automatically reflect on your calendar. |
Claims management | Use patients’ claim IDs to track the amount covered under their insurance policies |
Patient record management | Maintain a digital record of patients’ healthcare information, including their prescriptions, medical histories, bills, and treatment plans. |
Physician management | View the clock-in and clock-out times of your physicians. Check their workload, appointment, compensation, and time-off details. |
Medical billing | Manage billing and insurance claims for patients. Generate bills and invoices, adjust claim amounts, check treatment costs and medicine charges, and more. |
Outpatient management | Schedule and manage appointments for outpatients. Maintain a record of their medical conditions, diagnoses, treatment plans, and applicable charges. |
What type of buyer are you?
Most healthcare software buyers belong to one of the following categories:
Buyers looking for a stand-alone tool: These buyers may already have a tech stack consisting of electronic medical record (EMR) software or patient portal software, which may be missing a hospital management system. They may also be looking to replace their existing hospital management platform with an upgraded tool that offers better capabilities. These buyers should consider a stand-alone platform that offers key hospital management capabilities such as medical billing, claims management, and patient record management.
Buyers looking for a suite of applications: These buyers need a hospital management system that’s part of a larger suite of medical software tools. With this tool, they’re looking to manage the full range of medical operations, including patient registration, record keeping and billing, claims management, and outpatient management. These buyers should opt for a suite of applications that includes medical accounting software, e-prescribing software, EMR software, and patient portal software besides a hospital management system.
Benefits of hospital management software
Implementing a hospital management software solution has many benefits, including:
Better data management: Hospitals generate large volumes of data, including patient records, medical bills, staff attendance records, and appointment records. A hospital software tool helps manage this data better using a centralized data storage system where all of these documents are stored in an orderly manner and can be searched and retrieved easily.
Improved financial management: A hospital management system can track and record all the financial transactions in a healthcare organization. It can also account for the finances involved in treating outpatients. The software centralizes the management of financial records so that hospital staff can easily retrieve them when needed.
Market trends to consider
Listed below are some trends in the hospital management software market that you should be aware of:
Blockchain for security and health record management: Blockchain can allow the healthcare industry to share patient data via a distributed ledger, which is a secure and decentralized system. This would help hospitals get timely access to patients’ medical history and provide better diagnoses.
IoT for automatic patient charting: Creating patients’ charts involves maintaining a detailed record of their medical conditions, allergies, vitals signs, and other relevant information. The charting process can be time- and effort-intensive. However, IoT devices can help automate the entire process. For example, an IoT device can take voice commands and digitally record a patient’s information to create an electronic chart. Automation can save valuable time for doctors and help speed up diagnosis.
Note: The application selected in this article is an example to show a feature in context and is not intended as an endorsement or a recommendation. It has been obtained from sources believed to be reliable at the time of publication.