Nextech EMR – Company Introduction
Since 1997, Nextech EMR has been providing unique healthcare technology solutions to medical professionals. An integrated suite of an electronic medical record, practice management, revenue cycle management, and patient engagement are offered to specialists. The medical software caters to different medical specialties, including ophthalmology, plastic surgery, dermatology, orthopedics, and medical spa.
Currently, the company’s network includes a clientele of 11,000 providers and 4,000 practices. Nextech EMR’s management understands the ever-changing paradigms of providing care.
Hence, new features and system upgrades are offered to keep practitioners at par with industry trends. This article determines 5 ways through which this EMR provider increases a facility’s Return on Investment (ROI).
Should I be concerned about ROI?
Investing in a medical software is a costly decision, even more so for small facilities and sole practitioners. Hence, it is crucial for practices to maximize the utility generated from adopting an EMR system. ROI is a profitability matrix that compares an investment’s net return relative to its cost. It is generally believed that the higher the ROI is, the better.
The ongoing pandemic has affected the healthcare industry adversely owing to increased patient apprehensions of contracting Covid-19. At a time when the future beholds vulnerabilities and budgets are limited, practitioners must invest in a medical software that will augment its clinical and financial efficiencies. Nextech EMR has proven to improve ROI for the facilities that use it. We explain how the latter is made possible.
How Nextech EMR improves ROI?
1. Improved financial analysis
There’s more to operating a medical facility than just providing healthcare. The financial aspect of running a practice is often neglected by both practitioners and other EMR systems. Nextech EMR system highlights a facility’s financial health so users can quickly identify if any improvements need to be made.
Additionally, the software allows its clients to identify key performance indicators, and then performance can be tracked against these focal areas. The progress is shown in an attractive and simple way through dashboards. The intuitive software identifies industry trends and suggests improvements that, once adopted, can increase a facility’s performance and ROI.
2. Automated claim management tools
Many medical facilities suffer the most financially because of denied claims. Nextech EMR Software understands this concern of practitioners and offers efficient and automated claim management tools.
The system supports a facility through each step of the claim management process, from initiation of claim to follow-up to final payment. The e-eligibility tool automatically verifies claims to differentiate clean claims from bad ones. Efforts are made to transform denied claims into clean ones so that facilities are paid their fair share.
The medical software submits primary, secondary, and workers’ compensation claims. The system further enables automatic posting, adjustments, and refunds. This saves valuable time for patients so that they focus solely on providing care.
3. Increased patient engagement
Patient engagement is enhanced through an interactive patient portal. Through this, patients can access their complete medical records and update their personal information and demographics from the comfort of their homes. An easy-to-use mobile application enables patients to schedule appointments, receive virtual consultations, and communicate directly with their doctors.
The system, along with the patient portal, is HIPAA compliant. All information uploaded and messages exchanged are encrypted so that no data is compromised in the form of security breaches.
4. Charting made easy
Doctors and nurses are always charting notes. To make this process easier, Nextech EMR offers diagnosis and treatment templates that are specialty-specific. This will allow users to document notes quicker and spend more time providing care to patients.
This medical software is hosted on the cloud. The latter means that the system can be accessed from any location and device – all is required is an active internet connection.
Users wouldn’t be restricted to huge computer screens. They can operate the system and update patient information by accessing the EMR on mobile devices as well as tablets.
5. Streamline scheduling
One of our favorite features of Nextech EMR is its scheduler tool. This feature enables users to schedule appointments efficiently and reschedule them by using the drag and drop method.
The first available appointment finder is a search bar that instantly provides a time slot when you book an appointment. Hence, saving time for both practitioners and patients. Automatic reminders are sent before appointments to avoid no-shows and latecomers.
Our final verdict
If you are a sole practitioner or operate a medical practice, then you should be greatly concerned about achieving a high ROI from the EMR system chosen. We believe that Nextech EMR is a promising medical software that has proven to augment performance and ROI for the facilities that use it. This is made possible through a number of advanced features offered.