Practice Analytics Software

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Showing 1 - 20 of 393 products
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Showing 1 - 20 of 393 products

athenaOne

athenahealth, recently ranked #1 by 2022 Best in KLAS for athenaClinials Ambulatory EMR for 11-75 physicians and athenaIDX practice management, provides cloud-based services for electronic health records (EHR), revenue cycle manag...Read more

3.72 (727 reviews)

440 recommendations

RXNT

RXNT’s integrated suite of ONC-ACB certified EHR, Practice Management, and Billing software optimizes clinical outcomes and revenue management. Simple, transparent pricing has no "hidden fees" and includes free setup and training,...Read more

4.41 (364 reviews)

326 recommendations

PriceDemo

DrChrono

DrChrono’s iPad and iPhone compatible EHR and medical billing platform allows medical practices and healthcare providers to manage patient intake, patient care, clinical charting, billing and revenue cycle management. It includes ...Read more

4.03 (454 reviews)

267 recommendations

AdvancedMD EHR

AdvancedMD is a unified suite of software solutions designed for mental health, physical therapy and medical healthcare organizations and independent physician practices. Features include practice management, electronic health rec...Read more

3.63 (412 reviews)

200 recommendations

Kareo Billing

Kareo is a web-based medical billing and practice management solution used by medical practitioners and physicians across the United States. The system suits small practices and billing companies. With Kareo, practices can schedul...Read more

4.04 (591 reviews)

159 recommendations

ChartLogic EHR

ChartLogic offers an ambulatory EHR suite that includes electronic medical record, practice management, revenue cycle management, e-prescribing and patient portal. The solution caters to primary care, surgical care and other compl...Read more

3.96 (60 reviews)

139 recommendations

PriceDemo

NextGen Office

NextGen Healthcare offers NextGen Office—a cloud-based EHR – specifically designed for private practices. NextGen Office is a fully integrated practice management solution that includes specialty-specific content, a claims clearin...Read more

4.00 (1198 reviews)

112 recommendations

Elation Health

Elation Health is a cloud-based clinically focused electronic health record solution for physicians looking for an ONC-ATCB certified EMR along with patient scheduling, a patient portal, e-prescribing and e-faxing. The solution ca...Read more

4.30 (43 reviews)

111 recommendations

PriceDemo

Kareo Clinical

Kareo is a Web-based EHR, medical billing, and practice management used by thousands of physicians across the United States. This system suits small practices and billing companies. With Kareo, practices can schedule patients, con...Read more

3.98 (353 reviews)

100 recommendations

Valant EHR Suite

Valant’s EHR for behavioral health offers tools for providers to streamline documentation, increase efficiency, and enhance the productivity of their practice or agency. The fully integrated suite includes secure patient records...Read more

3.99 (201 reviews)

69 recommendations

Software pricing tips

Read our Practice Analytics Software Buyers Guide

Subscription models

  • Per employee/per month: This model allows you to pay a monthly fee for each of your employees.
  • Per user/per month: Users pay a monthly fee for users—normally administrative users—rather than all employees.

Perpetual license

  • This involves paying an upfront sum for the license to own the software and use it indefinitely.
  • This is the more traditional model and is most common with on-premise applications and with larger businesses.

Rated best value for money

Compulink Healthcare Solutions

Compulink’s Advantage SMART Practice® is an all-in-one database EHR solution for specialty practices such as optometry, ophthalmology, orthopaedics, ENT, mental health, podiatry, and more. Available cloud-based or server, Advantag...Read more

4.01 (264 reviews)

57 recommendations

PriceDemo

AllegianceMD

AllegianceMD is a cloud-based medical software system that is designed to serve the needs of small and midsize practices, as well as ambulatory surgery centers. The solution includes practice management functionality for billing a...Read more

4.27 (24 reviews)

44 recommendations

CareCloud

CareCloud Inc. offers an integrated electronic health recording (EHR) solution–Charts–that provides collective benefits of EMR, practice management and medical billing services. Charts helps physicians to streamline clinical opera...Read more

3.59 (102 reviews)

42 recommendations

PatientNow

PatientNow provides the most comprehensive EMR, practice management, and patient engagement software solution in the elective medical industry. Streamline practice operations, improve efficiency, and drive revenue with one softwar...Read more

3.86 (133 reviews)

40 recommendations

PriceDemo

AestheticsPro

AestheticsPro is a cloud-based, HIPAA-compliant medical spa management solution that offers staff management, calendar management, client management, point-of-sale and marketing management functionalities within a suite. The sta...Read more

4.35 (292 reviews)

33 recommendations

PriceDemo

ModMed

ModMed, also known as Modernizing Medicine, offers an integrated telehealth platform within its specialty-specific EHR system, EMA. Called modmed Telehealth, it offers synchronous audio and video telemedicine capabilities for spec...Read more

4.30 (146 reviews)

32 recommendations

WebPT

WebPT is a cloud-based, multi-product platform for outpatient physical, occupational, and speech therapy clinics. At its core, WebPT is an electronic medical records (EMR) system that enables therapists to produce and store patien...Read more

4.38 (424 reviews)

30 recommendations

PrognoCIS

PrognoCIS EHR and PrognoCIS Telemedicine have earned a reputation for fast, flexible individual provider workflow. The software package offers a full suite of highly desirable features and functions. PrognoCIS provides a cloud-bas...Read more

4.08 (284 reviews)

22 recommendations

zHealthEHR

zHealthEHR is a cloud-based practice management solution that assists chiropractic clinics and practitioners with health center search and patient scheduling. Its key features include calendar management, SOAP note creation, billi...Read more

4.42 (50 reviews)

19 recommendations

PriceDemo

CGM APRIMA

CGM APRIMA, previously known as APRIMA EHR, is a market leading, award-winning EHR loved by physicians and office staff. Designed to take advantage of multiple hardware forms including the APRIMA Mobile app which is perfect for t...Read more

3.07 (49 reviews)

19 recommendations

PriceDemo

Buyers Guide

Last Updated: May 22, 2022

Practice analytics software, sometimes called health care analytics, is the point at which business intelligence and medical software (such as EHRs and practice management systems) meet—and it's a big deal these days.

Since the U.S. government mandated meaningful use of EHRs back in 2014, the widespread adoption of software systems in medical practices translates to availability of data on a massive scale. This is data that medical practices can use to improve in a number of areas.

Practice analytics software is the tool with which practices can collect and analyze that data, and this Buyer's Guide will help you understand exactly how it does that.

Here's what we'll cover:

What Is Practice Analytics Software?
Common Features of Practice Analytics Software
Benefits of Practice Analytics Software
How Is Practice Analytics Software Sold?

What Is Practice Analytics Software?

To understand data analytics specifically designed for the medical industry, let's first define data analytics in a more general sense:

Data analytics tools are a type of business intelligence software that allows users to collect and store data, quickly view that data—often in the form of charts and graphs—in dashboards and analyze the data to gain insights and make informed decisions.

Just as data analytics tools are typically considered part of a larger business intelligence system, many medical software providers incorporate analytics tools into existing, market-specific medical software to streamline data collection and offer solutions that are unique to physicians.

One big benefit of analytics software is its ability to collect different types of data, which can be incredibly useful for medical practices. For example, users can track things such as:

  • Key performance indicators (KPIs)
  • Revenue cycle and billing
  • Reimbursement rates
  • Patient intake
  • Patient surveys
  • Diagnostics and treatments

And the list goes on. By offering users the option to track different types of data, practice analytics software gives you the ability to gain deeper understanding of your business from different perspectives. Let's say you want to learn more about your patients. Using feedback left through patient surveys and information collected during patient intake, health care analytics software could help you do that.

Patient data dashboard in Datapine's healthcare analytics tool

Patient data dashboard in Datapine's health care analytics tool

By customizing where data is gathered and what kind of data you're collecting, you can do the same thing to learn more about things such as where your money is going and how efficient your business processes are. From there, you can make changes or set goals for your practice to grow and improve.

 

Common Features of Practice Analytics Software

Practice analytics software tends to have a lot of the same basic features as more general data analytics tools, in addition to medical-specific capabilities. Here are some of the most essential features of practice analytics software:

Dashboards The control center for analytics tools. Dashboards let you see all of the data collected and presented in visual, easily digestible and interactive graphics.
Data collection and storage Practice analytics tools often integrate with existing systems (practice management, patient scheduling, EHRs, patient engagement etc.). By connecting analytics tools to all of these systems, you expand the sources from which information can be gathered.
Data set creation Allows managers to create controlled data sets from the larger body of existing data. This is useful for things such as creating randomized samples, aggregating data or scrubbing entries.
Querying and reporting Allows users to interact with the data by "asking" questions. The analysis tools are then able to answer the query in the form of a report.
Predictive analysis Using algorithms or other mathematical models, analytics tools can observe a data set and produce a forecast of future events. For example, you can use predictive analysis to assess past accounting information in order to predict budgeting and spending in the upcoming month, quarter or year.
Sharing Collaboration among team members is important for creating dynamic solutions, so practice analytics software systems facilitate the sharing of data and analysis among designated users.

Benefits of Practice Analytics Software

We've already covered one major benefit of practice analytics software: the ability to collect information related to a variety of business areas. But, that's hardly the only—or even the biggest—advantage of this software. Here are a few of the major benefits of practice analytics software:

Making decisions will be so much easier. If you've ever agonized over a business decision, you're not alone. It's tough to decide when to spend money, what services to offer patients, who to hire and how to run your team—but making these decisions is imperative if you want your practice to stay open. And, if you have access to data-based insights for every aspect of your practice, making those decisions is a lot easier. Practice analytics software provides those insights in the form of predictive analysis and other reports.

Access to larger medical databases and predictive algorithms makes diagnosing easier and more accurate. Physicians can use "smart" algorithms that take national—or even global—diagnostic data into consideration to help decide what's causing presenting symptoms and how they should be treated.

Tracking KPIs and benchmarking help practices improve overall. Competing with yourself is a phenomenal way to motivate and obtain goals, and benchmarking is the practice analytics way of doing that. By being able to review past performance, set goals for future performance and track current performance against those benchmarks, users gain valuable insight into what they're doing right and what they need to focus on more.

Physicians can improve performance and therefore patient satisfaction. Accessing patient reviews, physician diagnoses and treatments and patient outcomes provides a broad, overarching view of everything that makes up physician performance. Seeing it all compiled can reveal areas where physicians excel, as well as those that need work.

How Is Practice Analytics Software Sold?

Because health care analytics is a combination of several different types of software, physicians have a handful of options when it comes to purchasing.

If you're a smaller practice that's just beginning to explore your data analytics options, you may opt for a stand-alone software system that only provides analytics. These tend to be less expensive and easier to navigate, but integration with existing systems can prove costly or time-consuming.

If you're a larger practice with more resources, it's worth considering customizable data analysis systems offered by larger vendors or health care-specific data analysis vendors. These tend to run a little higher in terms of cost, but the medical functionality and knowledgeable support teams often make the expense worth it.

Finally, if your existing EHR provider offers a practice analytics module, you should absolutely explore it, regardless of your practice's size. The ability to add analytics functionality to an existing system without dealing with integration and having to learn a new format should not be overlooked.

You can also reach out to our team of expert advisors at (855) 998-8505 for more help selecting the ideal practice analytics solution for you.

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