Practice analytics software integrates with existing medical software systems in order to collect and analyze data and provide deeper insights for medical practices. How does it work?

Practice Analytics Software


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DrChrono EHR logo
 
DrChrono’s iPad and iPhone compatible EHR and medical billing platform allows users to manage patient intake, clinical charting, billing, and revenue cycle management. It includes customizable medical forms, e-prescribing, scheduling... Read More
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DrChrono’s iPad and iPhone compatible EHR and medical billing platform allows users to manage patient intake, clinical charting, billing, and revenue cycle management. It includes customizable medical forms, e-prescribing, scheduling... Read More
 
AdvancedMD logo
 
AdvancedMD is an integrated medical software suite for independent practices. Features include practice management, electronic health records, patient engagement, telemedicine, rooming, reputation management, financial analytics and... Read More
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AdvancedMD is an integrated medical software suite for independent practices. Features include practice management, electronic health records, patient engagement, telemedicine, rooming, reputation management, financial analytics and... Read More
 
NextGen Healthcare logo
 
NextGen Healthcare offers solutions for electronic health records (EHR), practice management and more. NextGen EHR solutions are suitable for ambulatory practices of all sizes, and enable users to coordinate patient care while complying... Read More
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NextGen Healthcare offers solutions for electronic health records (EHR), practice management and more. NextGen EHR solutions are suitable for ambulatory practices of all sizes, and enable users to coordinate patient care while complying... Read More
 
athenahealth EHR logo
 
athenahealth is providing cloud-based services for electronic health records (EHR), revenue cycle management & medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other... Read More
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athenahealth is providing cloud-based services for electronic health records (EHR), revenue cycle management & medical billing, patient engagement, care coordination, and population health management, as well as Epocrates and other... Read More
 
Kareo Clinical EHR logo
 
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, confirm... Read More
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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, confirm... Read More

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Compulink Healthcare Solutions logo
 
Compulink Healthcare Solutions is an integrated hybrid medical solution that provides medical service providers functionalities such as electronic health records (EHR), practice management, revenue cycle management, inventory management,... Read More
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Compulink Healthcare Solutions is an integrated hybrid medical solution that provides medical service providers functionalities such as electronic health records (EHR), practice management, revenue cycle management, inventory management,... Read More
 
PrognoCIS by Bizmatics logo
 
PrognoCIS is a cloud-based ICD-10 compliant and MU certified EMR solution which helps medical facilities and practitioners to manage patient medical recording. The software comprises of integrated modules for EHR, Practice Management,... Read More
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PrognoCIS is a cloud-based ICD-10 compliant and MU certified EMR solution which helps medical facilities and practitioners to manage patient medical recording. The software comprises of integrated modules for EHR, Practice Management,... Read More
 
Intergy by Greenway Health logo
 
Greenway Health’s ambulatory platform provides healthcare organizations with clinical, financial, and administrative tools and services. Intergy, part of the Greenway Health suite, is available as both a web-based and on-premise... Read More
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Greenway Health’s ambulatory platform provides healthcare organizations with clinical, financial, and administrative tools and services. Intergy, part of the Greenway Health suite, is available as both a web-based and on-premise... Read More
 
CareCloud Charts logo
 
CareCloud Charts is an integrated electronic health recording (EHR) solution offering collective benefits of EMR, practice management and medical billing services. The solution helps physicians to streamline clinical operations and... Read More
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CareCloud Charts is an integrated electronic health recording (EHR) solution offering collective benefits of EMR, practice management and medical billing services. The solution helps physicians to streamline clinical operations and... Read More
 
Aprima EHR logo
 
Aprima EHR is designed to take advantage of mobile hardware including the Aprima Mobile smartphone app for tablets, touchscreens and smartphone devices. Aprima is suitable for physicians in primary care and more than 70 specialties... Read More
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Aprima EHR is designed to take advantage of mobile hardware including the Aprima Mobile smartphone app for tablets, touchscreens and smartphone devices. Aprima is suitable for physicians in primary care and more than 70 specialties... Read More

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ECLIPSE Practice Management Software logo
 
In 1985, a chiropractor and software developer teamed up to create ECLIPSE, an ONC certified Complete EHR now used by thousands of providers nationwide. Designed for single practitioners, ECLIPSE is routinely used by multi-disciplinary... Read More
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In 1985, a chiropractor and software developer teamed up to create ECLIPSE, an ONC certified Complete EHR now used by thousands of providers nationwide. Designed for single practitioners, ECLIPSE is routinely used by multi-disciplinary... Read More
 
The Valant Behavioral Health EHR logo
 
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
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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
 
MedEZ logo
 
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 available. MedEZ... Read More
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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 available. MedEZ... Read More
 
Practice EHR logo
 
Practice EHR, a medical practice management software, was developed to accommodate the needs of small to mid-size businesses. The platform is customizable to internal medicine practices, chiropractors, physical therapists, family medicine,... Read More
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Practice EHR, a medical practice management software, was developed to accommodate the needs of small to mid-size businesses. The platform is customizable to internal medicine practices, chiropractors, physical therapists, family medicine,... Read More
 
ChiroTouch logo
 
ChiroTouch is an electronic health records (EHR) and practice management system designed specifically for small to midsize chiropractic practices. It combines electronic health records, billing, patient scheduling, outcomes assessments... Read More
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ChiroTouch is an electronic health records (EHR) and practice management system designed specifically for small to midsize chiropractic practices. It combines electronic health records, billing, patient scheduling, outcomes assessments... Read More

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Azalea Health logo
 
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 health... Read More
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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 health... Read More
 
WebPT logo
 
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 patient... Read More
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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 patient... Read More
 
eClinicalWorks logo
 
eClinicalWorks is an integrated electronic health record (EHR) and practice management solution providing technology through every step of the patient care delivery process. Features include patient engagement, televisits, care coordination,... Read More
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eClinicalWorks is an integrated electronic health record (EHR) and practice management solution providing technology through every step of the patient care delivery process. Features include patient engagement, televisits, care coordination,... Read More
 
NovoClinical logo
 
NovoClinical EHR offers a suite of practice management tools that can be installed on-premise or accessed through the cloud. The solution is also iPad and tablet compatible. NovoClinical is suitable for small and midsize practices... Read More
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NovoClinical EHR offers a suite of practice management tools that can be installed on-premise or accessed through the cloud. The solution is also iPad and tablet compatible. NovoClinical is suitable for small and midsize practices... Read More
 
AllegianceMD logo
 
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 and... Read More
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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 and... Read More
 

Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: October 11, 2018


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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