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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InputHealth logo
 
InputHealth's HIPPA and PHIPA-compliant online health practice management solutions serve enterprise healthcare as well as independent practices. Key features offered by the solution include online bookings, digital questionnaires,... Read More
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InputHealth's HIPPA and PHIPA-compliant online health practice management solutions serve enterprise healthcare as well as independent practices. Key features offered by the solution include online bookings, digital questionnaires,... Read More
 
AccuPoint logo
 
AccuPoint is a cloud-based medical software solution offering electronic medical record (EMR), medical billing, patient scheduling and picture archiving as key features. AccuPoint’s content and document management module lets users... Read More
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AccuPoint is a cloud-based medical software solution offering electronic medical record (EMR), medical billing, patient scheduling and picture archiving as key features. AccuPoint’s content and document management module lets users... Read More
 
In Touch EMR logo
 
In Touch EMR is an integrated cloud-based electronic medical record and practice management solution. It offers real-time eligibility verification, appointment reminders, reporting, customizable note templates and medical billing functionalities.... Read More
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In Touch EMR is an integrated cloud-based electronic medical record and practice management solution. It offers real-time eligibility verification, appointment reminders, reporting, customizable note templates and medical billing functionalities.... Read More
 
Absolute EMR logo
 
Absolute EMR is a cloud-based medical practice management solution that gives doctors digital access to medical charts, appointments and confirmations, test results, prescriptions, consultation notes and patient treatment plans. Absolute... Read More
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Absolute EMR is a cloud-based medical practice management solution that gives doctors digital access to medical charts, appointments and confirmations, test results, prescriptions, consultation notes and patient treatment plans. Absolute... Read More
 
Medfusion Patient Portal logo
 
Medfusion Patient Portal provides doctors and hospitals with an online patient portal solution that integrates with electronic health record (EHR) providers. Patients have access to their personal health records, clinical care summaries... Read More
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Medfusion Patient Portal provides doctors and hospitals with an online patient portal solution that integrates with electronic health record (EHR) providers. Patients have access to their personal health records, clinical care summaries... Read More

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Nexus EHR logo
 
Nexus EHR is a cloud-based Stage 2 certified ambulatory electronic health record (EHR) solution that caters to small and midsize businesses across various industries including neurology, orthopedics, cardiology, general surgery, pain... Read More
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Nexus EHR is a cloud-based Stage 2 certified ambulatory electronic health record (EHR) solution that caters to small and midsize businesses across various industries including neurology, orthopedics, cardiology, general surgery, pain... Read More
 
Optum Physician EMR Suite logo
 
Optum Physician EMR Suite by Optum Health is a cloud-based integrated suite of medical office management applications that include electronic medical records (EMR), practice management and billing capabilities. Optum Physician EMR... Read More
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Optum Physician EMR Suite by Optum Health is a cloud-based integrated suite of medical office management applications that include electronic medical records (EMR), practice management and billing capabilities. Optum Physician EMR... Read More
 
AlphaFlex logo
 
AlphaFlex is a cloud-based medical billing and electronic medical records (EMR) solution. It is suitable for midsize healthcare practices. The revenue cycle management feature helps in monitoring the billing activity, the status of... Read More
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AlphaFlex is a cloud-based medical billing and electronic medical records (EMR) solution. It is suitable for midsize healthcare practices. The revenue cycle management feature helps in monitoring the billing activity, the status of... Read More
 
DOCISS EMR logo
 
DOCISS EMR is an on-premise medical solution that includes key features including a patient dashboard, calendars, medical records, electronic consultations and prescriptions, billing and clinic accounting, multi-doctor support and... Read More
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DOCISS EMR is an on-premise medical solution that includes key features including a patient dashboard, calendars, medical records, electronic consultations and prescriptions, billing and clinic accounting, multi-doctor support and... Read More
 
EncounterPRO logo
 
EncounterPRO is an open source electronic medical records (EMR) solution for pediatric, family medicine, obstetrics and gynecology practices. Key features include practice management, medical billing and document sharing. It also provides... Read More
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EncounterPRO is an open source electronic medical records (EMR) solution for pediatric, family medicine, obstetrics and gynecology practices. Key features include practice management, medical billing and document sharing. It also provides... Read More

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Fusion Web Clinic logo
 
Fusion Web Clinic is a cloud-based electronic medical records (EMR) solution for multi-specialty pediatric clinics. Key features include appointment scheduling, patient documentation, reminders, billing and claims management. Fusion... Read More
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Fusion Web Clinic is a cloud-based electronic medical records (EMR) solution for multi-specialty pediatric clinics. Key features include appointment scheduling, patient documentation, reminders, billing and claims management. Fusion... Read More
 
Meddbase logo
 
Meddbase is a cloud-based clinical management application designed for practices of all types and sizes. Patient records, diaries and appointments, invoicing, patient SMS, patient portal and electronic pathology can all be managed... Read More
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Meddbase is a cloud-based clinical management application designed for practices of all types and sizes. Patient records, diaries and appointments, invoicing, patient SMS, patient portal and electronic pathology can all be managed... Read More
 
TM3 logo
 

TM3

TM3 is a practice management solution that can be deployed either in the cloud-based or on-premise. It is suitable for a variety of practice types. Key features include patient records with annotations, online appointment booking,... Read More
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TM3 is a practice management solution that can be deployed either in the cloud-based or on-premise. It is suitable for a variety of practice types. Key features include patient records with annotations, online appointment booking,... Read More
 
DermaTechPlus logo
 
DermaTechPlus is a software solution for small to medium sized dermatology practices. Users have the option of utilizing the system remotely, and the system is offered in either a web-based or on-premise deployment. The system is both... Read More
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DermaTechPlus is a software solution for small to medium sized dermatology practices. Users have the option of utilizing the system remotely, and the system is offered in either a web-based or on-premise deployment. The system is both... Read More
 
DriCloud logo
 
DriCloud is a cloud-based medical platform designed for small to medium size companies in a number of medical areas including plastic & aesthetic surgery, orthopedics, urology, general surgery, neurosurgery, cardiology, dermatology,... Read More
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DriCloud is a cloud-based medical platform designed for small to medium size companies in a number of medical areas including plastic & aesthetic surgery, orthopedics, urology, general surgery, neurosurgery, cardiology, dermatology,... Read More

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eHealthFiles logo
 
eHealthFiles is an ONC-ATCB certified, cloud-based electronic health record (EHR) solution designed by a team of medical professionals. It is suited for healthcare providers in various specialties, residency training programs and the... Read More
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eHealthFiles is an ONC-ATCB certified, cloud-based electronic health record (EHR) solution designed by a team of medical professionals. It is suited for healthcare providers in various specialties, residency training programs and the... Read More
 
EnableDoc EHR logo
 
Specifically designed to support smaller practices with five providers or less, EnableDoc EHR is a cost-effective, Web-based electronic health record (EHR) and practice management (PM) solution. EnableDoc is modular, allowing practices... Read More
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Specifically designed to support smaller practices with five providers or less, EnableDoc EHR is a cost-effective, Web-based electronic health record (EHR) and practice management (PM) solution. EnableDoc is modular, allowing practices... Read More
 
Hello Health logo
 
Hello Health is medical software that offers patient records, patient engagement, telemedicine, medical billing, practice management and revenue management functionalities within a suite. The product caters to primary care and pediatrics... Read More
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Hello Health is medical software that offers patient records, patient engagement, telemedicine, medical billing, practice management and revenue management functionalities within a suite. The product caters to primary care and pediatrics... Read More
 
ModuleMD WISE EHR logo
 
ModuleMD offers electronic health records (EHR), practice management and revenue management solution that provides clinical workflow, e-prescribing and lab reports. This solution is cloud-based and suitable for medical practices of... Read More
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ModuleMD offers electronic health records (EHR), practice management and revenue management solution that provides clinical workflow, e-prescribing and lab reports. This solution is cloud-based and suitable for medical practices of... Read More
 
Unicharts logo
 
UniCharts is an electronic medical records (EMR) system for general practitioners, consultants and small clinics. It enables users to create refills, notes, charts, referral letters and messages. The solution also allows users to create... Read More
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UniCharts is an electronic medical records (EMR) system for general practitioners, consultants and small clinics. It enables users to create refills, notes, charts, referral letters and messages. The solution also allows users to create... Read More
 

Buyer's Guide

by Lisa Hedges,
Content Analyst
Last Updated: June 20, 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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