Healthtech Security
Article | August 31, 2023
It’s no secret now that healthcare is an in-demand field. Today, business leaders need modern and intelligent decision-making solutions for their customers and clients. They must also focus on the right investment areas and learn the tricks for investing, spending, and setting goals for revenue generation to accelerate business.
With continuous developments in the healthcare sector, integrating AI into processes can help increase ROI. Therefore, if you, like any other business leader, are looking for solutions to empower your services and products in the healthcare domain, this article will help you through AI’s ultimate use cases and churn out a higher ROI.
What’s with AI in Healthcare at Present?
AI’s role in healthcare is evolving and enhancing traditional business operations, particularly marketing. According to a study by IBM, 71% of customers expect real-time communication. Thus, global demand is fueling the rising adoption of AI marketing solutions.
The effects of AI in healthcare are evident. Gartner reports increased marketing efficiency and effectiveness (86%), improved decision-making (71%), better data analysis and new insights (79%). Global AI spending will rise from $450 million in 2019 to over $28 billion by 2024 is not surprising.
Similar and further studies are ongoing on various use cases of AI in healthcare at scale. What are the efficient use cases of AI that will help healthcare businesses boost their ROI? Let’s find out.
How is AI Applied in Healthcare?
The promising applications of AI in healthcare to improve outcomes are very intriguing. While there is still much to achieve in the AI-dependent healthcare business, there is sufficient potential that tech companies are willing to invest in AI-powered tools and solutions.
Let’s examine the potential examples of AI in healthcare to prepare and support business strategies accordingly and foster higher ROI generation.
Predictive Analytics
AI-based predictive analytics impacts a business by automating administrative tasks, predicting sales outcomes for a year, customers’ behavior and making strategies accordingly. According to a Forbes study, AI-based predictive analytics can save businesses $18 billion in tasks, expenses, and pricing.
To understand this, one example of using AI to automate admin tasks is a collaboration between the Cleveland Clinic and IBM. Cleveland Clinic uses IBM’s Watson to mine big data and provides personalized services for customers and clients on marketing deeds.
Some of the practical applications of AI and predictive analytics in healthcare are:
Monitoring market trends to maximize marketing efforts
Organizing datasets
Creating marketing campaigns tailored to each demographic-based client
Mining collective data for future decision-making
Fraud Prevention
AmerisourceBergen Corp detects fraud and misleading business operations through AI. A sales account team conducts audits with AI to detect usual lea and queries to prevent hefty expenses for businesses.
The example explains that implementing AI in your process will help detect any significant fraud attempts inside your business operation. This will help your business save huge expenditures.
Boost Sales
By putting down false leads, AI helps in maximizing sales numbers, resulting in significant ROI generation. For example, AI transforms data into personalized data, which reduces the cost of operations.
Chatbots
Most healthcare businesses leverage chatbots on their websites to engage more and more customers and boost engagement. In this way, businesses tend to gain multiple leads and convert them into clients by providing the best marketing solutions.
Chatbots are fruitful for AI start-ups in healthcare—small businesses can deploy AI to their websites. By doing so, they can save millions in administrative costs and attract numerous leads.
The most prominent examples of AI in healthcare hail from giant tech titans such as IBM, Amazon, and Microsoft. They are assisting healthcare providers with AI to create and deploy digital-human employees.
Segmentation of Marketing Targets
Is your target audience not responding to your marketing campaigns (for example, by not clicking a link, subscribing or unsubscribing to a newsletter, or not registering for a medical event)? If that's the case, how should you go ahead?
Using AI-based tools allows your marketing to easily identify target behaviors and reactions based on the type of marketing actions to be carried out. Analyzing these actions can help segment targets based on your company's marketing objectives.
The most significant development took place in April 2022, when Amazon Alexa became fully HIPAA compliant. It works with health developers and service providers that manage protected information for customers.
AI Leads to Data Modernization
It’s all about the data—not any data!
There’s a precise association between AI and data management, resulting in data modernization. According to a Cognizant research study, healthcare leaders have made significant progress in modernizing their data. In contrast, most upcoming businesses are expecting to do so by 2024.
The maximum acceleration of AI in modernizing data will be seen in the manufacturing and marketing of healthcare products and services, respectively. It is because AI helps to churn data easily. The accessibility of data, in particular, becomes simpler with automation than doing it manually, which generates a massive amount of data. Such effects of AI in healthcare can be one of the prime reasons for the higher ROI of your business in the future.
“There has never been a greater need for skilled analytic talent in health care. Because AI is becoming more strategic, organizations must ensure access to this skill set, either by growing their analytic teams or seeking out experienced partners."
Steve Griffiths, CEO of Optum Enterprise Analytics
AI Expenditure is on the Rise
McKinsey says that by 2025, the use of AI in healthcare will be widespread, resulting in significant expenditure by global healthcare leaders.
AI is a significant concern for healthcare decision-makers, investors, and innovators as customers extensively engage and react to AI-powered services and solutions. AI is constantly bringing improvements to almost all processes, including cost savings, management of services and products, and monitoring of multiple operations. Even small businesses in the healthcare industry are proactively investing in AI applications to match steps with the current wave of innovation in healthcare services.
Accelerate ROI Using AI
AI in healthcare is becoming one of the prime responsible technologies for accelerating ROI. Technology can eradicate multiple business growth challenges. Let’s find out how.
Enhanced Performance
As previously stated, use cases of AI in healthcare can relieve stress on employees. This would allow them to devote their time to more value-added marketing activities to churn more ROI.
Emphasize Cost-Effectiveness
Most of the businesses associated with healthcare are concerned about the costs involved. With AI, they now develop policies to spend less on non-essential activities and necessitate profit-oriented actions.
"We believe in the potential of AI to deliver insights and operational efficiencies that unlock better health-care performance."
Robert Musslewhite, CEO at OptumInsight
Frequently Asked Questions
How is AI used in healthcare?
AI in healthcare automates and predicts processes by analyzing data throughout. It is used to predict potential customers, improve business management workflows, and manufacture medical products.
How does AI drive growth in the healthcare industry?
AI drives business growth by improving the ability to understand better day-to-day customer patterns and needs based on services and products.
How is AI changing the Healthcare industry?
AI applications in healthcare have demonstrated their potential to improve analytics and data management and assist service providers in making timely medical decisions.
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Health Technology, Digital Healthcare
Article | July 14, 2023
Discover the EHR companies that empower medical professionals with user-friendly interfaces and clinical decision support. Stay abreast of the top EHR companies reshaping healthcare delivery.
Electronic health records (EHRs) have become vital in streamlining patient care, enhancing efficiency, and promoting data-driven decision-making. As healthcare providers shift from traditional paper-based systems to digital solutions, numerous EHR companies have emerged, providing advanced EHR technologies that transform how medical information is collected, organized, and utilized.
This article features the top 25 EHR companies at the forefront of this digital revolution, showcasing their innovative solutions, commitment to data security, interoperability, and user-centric designs.
1. WebPT
WebPT is a premier rehab therapy platform that elevates patient care and drives business growth. With a comprehensive suite of features, including scheduling, documentation, billing, outcomes tracking, business reporting, and system integrations, it offers a robust web-based solution that caters to outpatient settings of all sizes, facility types, and specialties. Since its launch in 2008, WebPT has demonstrated remarkable growth and success, earning its place on the prestigious ‘Inc. 5000 List of America's Fastest-Growing Companies’ for an impressive nine consecutive years, an accomplishment achieved by less than 1% of companies on the Inc. 5000 list.
2. CarePaths EHR
CarePaths EHR, a renowned provider of affordable behavioral health EHR and practice management system, is recognized among the best EHR companies catering to psychiatrists, psychologists, social workers, and counselors in private practice, group practice, and health systems. Its all-inclusive package offers seamless management of various practice aspects, including patient records, clinical record keeping, customized documentation, treatment plans, outcomes & assessment tracking, and practice management tools. CarePaths EHR offers practitioners a seamless experience with eligibility verification, scheduling, reporting, accounting, and convenient ePrescribing functionality, even from mobile devices.
3. iPatientCare
iPatientCare is a leading provider of a comprehensive suite of innovative healthcare products and value-added services dedicated to assisting physician offices, rural health clinics, and community/federally qualified health centers (CHC/FQHC) in enhancing patient care, improving patient health outcomes, and reducing the costs associated with delivering care. Its highly acclaimed EHR, integrated practice solutions, and additional services, such as revenue cycle enhancement and quality improvement consulting, offer a complete package to effectively manage practice operations, boost revenue generation, and provide superior patient care. iPatientCare enables healthcare providers to significantly reduce accounts receivable (A/R) days and enhance collection rates while streamlining billing processes, alleviating internal workload, and bridging staffing gaps.
4. Azalea Health
Azalea Health is a leading provider of interoperable cloud-based healthcare solutions and services. Its comprehensive portfolio includes electronic health records (EHR) with integrated telehealth functionality, personal health records, mobile health applications, and interoperability services. With a strong focus on customer success, this EHR company caters to practices and ambulatory hospital strategies, delivering immediate improvements in cash flow and clinical outcomes through innovations in revenue cycle performance and care coordination. The company's offerings include laboratory ordering and results management, patient portal and PHR solutions, telehealth services, population health management tools, revenue cycle performance services, patient-centered medical home services, and pre-certification services.
5. Bizmatics
PrognoCIS, engineered, owned, and serviced by Bizmatics Inc., is one of the leading EHR companies that provides clinical and business productivity software & services to medical practices and multi-specialties. Its flagship cloud-based application, PrognoCIS, offers a fully-integrated solution encompassing EHR, telemedicine, practice management, medical billing, RCM, patient engagement tools, and more. PrognoCIS EHR, built on a robust multi-tier internet architecture, supports various medical specialties and offers customizable templates for tailored documentation. With seamless information flow between the EHR and Billing modules, the company ensures real-time data exchange. It is HIPAA-compliant, ICD-10 enabled, and Meaningful Stage 2 Certified, with click-saving features that enhance productivity and optimize workflow.
6. Modernizing Medicine
Modernizing Medicine Gastroenterology, formerly known as gMed and now a subsidiary of Modernizing Medicine, is a renowned provider of an integrated health IT platform designed explicitly for the gastroenterology industry. Its comprehensive range of data-driven products and services caters to private practices, ambulatory surgery centers, and hospitals. The offerings include an advanced EHR system, an efficient endoscopy report writer, a comprehensive practice management solution, a patient engagement portal, a value-based care solution, data analytics tools, and revenue cycle management services. Additionally, gMed Canada, Inc. operates as a wholly-owned subsidiary of Modernizing Medicine Gastroenterology, Inc., further extending the company's reach and impact in the healthcare industry.
7. Sevocity
Sevocity is a leading provider of electronic health record (EHR) solutions dedicated to empowering physician practices and health centers to adopt and utilize EHRs effectively. It offers affordable and user-friendly cloud-based solutions supported by exceptional customer service. Sevocity's cloud solution ensures secure and convenient access to clinical information anywhere. The innovative model of this EHR software development company enables physician practices and health centers to implement cost-effective solutions with minimal upfront investments and eliminates the need for additional maintenance costs. Electronic health record companies such as this one is committed to facilitating the seamless integration of EHR technology, enabling healthcare providers to enhance their practice efficiency and deliver quality patient care.
8. Visonex
Visonex prioritizes establishing solid client relationships by going beyond technology and ensuring ongoing success. With its Clarity EHR solution, Visonex offers a treatment-centric approach tailored to the unique needs of dialysis clinics. Its user-friendly and configurable system keeps clinics ahead of regulatory changes and provides exceptional support with 24/7 assistance and cost-free webinars. The electronic health record company also offers Visonex Enhanced Services that combine Clarity EHR with data management and dialysis billing services, including CROWNWeb electronic submission, quality measures assessment tools, and specialized billers.
9. WRS Health
WRS Health is a cloud-based EHR and practice management software company. Its core mission is to assist physicians in achieving balance in their roles as healers, business owners, and individuals. With a focus on simplifying operational tasks and promoting business growth, WRS Health has developed systems and processes that automate practice management, allowing physicians to devote their time to patient care. Its comprehensive tools seamlessly manage clinical and billing information, while additional services such as the virtual front desk assistant, MIPS management, and revenue cycle management support automation and task delegation.
10. eClinical Solutions
eClinical Solutions is a globally recognized company that supports life sciences organizations in expediting their clinical development endeavors through its biometrics services and ‘elluminate’ Clinical Data Cloud expertise. The ‘elluminate’ platform serves as the cornerstone of digital trials, allowing clients to conveniently access all their data from a single centralized location. By integrating eClinical Biometrics Services, clients gain self-service capabilities and benefit from advanced analytics, empowering them to make informed and timely business decisions. With its comprehensive suite of services and cutting-edge technology, eClinical Solutions plays a pivotal role in accelerating clinical development initiatives worldwide.
11. AdvancedMD
AdvancedMD is a prominent electronic health record software company specializing in cloud medical office software. It caters to ambulatory medical practices, providing comprehensive solutions to support independent physicians and their staff. The company offers a flexible outsourced billing option, allowing practices to leverage the services of a third-party billing company. It empowers clients with state-of-the-art tools and technologies that seamlessly integrate practice and patient workflows, creating a transformative practice experience. With AdvancedMD, healthcare facilities can efficiently handle higher patient volumes, resulting in enhanced productivity and improved financial outcomes. Patients benefit from electronically connecting and engaging with their healthcare providers, enhancing their overall healthcare experience.
12. Practice Fusion
Practice Fusion is cloud-based EHR offers time-saving features like customizable templates and patient charts that adapt to individual needs, focusing on enhancing efficiency and streamlining workflows. This EHR platform integrates with local pharmacies, laboratories, imaging centers, and other tools, enabling smooth information exchange. Clients benefit from flexible billing options, collaborating with industry-leading partners to expedite payment processes. Monitoring progress is simplified with insightful dashboards, and reporting data can be directly submitted to CMS through the EHR. As a cloud-based solution, there is no need to download software or manage hardware, ensuring both security and up-to-date functionality.
13. DrChrono
DrChrono aims to enhance the quality of care by making it more informed, interactive, and personalized. The company's open platform is the backbone for various healthcare solutions, including telehealth, electronic health records (EHR), practice management, medical billing, and revenue cycle management. With a strong emphasis on flexibility and customization, the platform easily extends through a robust API and offers a marketplace of applications and services. DrChrono's platform facilitates millions of patient appointments and efficiently processes billions of dollars in medical billing. It plays a crucial role in revolutionizing the healthcare industry by empowering providers and patients. 14. CureMD CureMD's portfolio comprises a range of cutting-edge solutions, including certified electronic medical records (EMR), practice management, patient portal, and medical billing services. By offering these comprehensive tools, CureMD aims to expedite the adoption of EHRs and assist healthcare providers in achieving ‘Meaningful Use’ qualification, thereby driving positive outcomes and maximizing value and subsidy payments. Leveraging advanced web technology and award-winning usability, CureMD empowers healthcare professionals to make informed decisions, streamline operations, and ensure compliance with industry standards. CureMD's comprehensive EMR solution is tailored to customize care delivery, enhance quality and patient safety, maximize efficiency, and reduce expenses. Its integrated platform combines practice management, electronic health records, patient portals, and a mobile care solution catering to medical practices of all sizes.
14. CureMD
CureMD's portfolio comprises a range of cutting-edge solutions, including certified electronic medical records (EMR), practice management, patient portal, and medical billing services. By offering these comprehensive tools, CureMD aims to expedite the adoption of EHRs and assist healthcare providers in achieving ‘Meaningful Use’ qualification, thereby driving positive outcomes and maximizing value and subsidy payments. Leveraging advanced web technology and award-winning usability, CureMD empowers healthcare professionals to make informed decisions, streamline operations, and ensure compliance with industry standards. CureMD's comprehensive EMR solution is tailored to customize care delivery, enhance quality and patient safety, maximize efficiency, and reduce expenses. Its integrated platform combines practice management, electronic health records, patient portals, and a mobile care solution catering to medical practices of all sizes.
15. RXNT
Founded in 1999, RXNT has significantly impacted the healthcare industry by introducing a groundbreaking cloud-based solution for prescription writing. Over the years, its commitment to innovation has remained unwavering, enabling it to deliver top-notch solutions that set the industry standard continuously. This electronic health record software company takes pride in offering these cutting-edge solutions at an affordable cost, ensuring that healthcare providers can access the best tools available. By providing these essential tools, RXNT empowers thousands of healthcare providers to concentrate on their core competency—delivering exceptional patient care.
16. TherapyNotes, LLC
TherapyNotes is a unique online practice management system tailored specifically for behavioral health, encompassing a comprehensive range of features, including robust notes, scheduling, and billing capabilities. Setting itself apart from other practice management systems, the company excels in its notes system, providing an intuitive form-filled approach that significantly accelerates data entry and note-writing processes. Furthermore, the platform offers a dynamic 'to-do' list that automates task management, guiding clinicians on necessary actions such as post-session note writing, contacting primary care physicians when necessary, and scheduling treatment plan updates.
17. SimplePractice
SimplePractice is an all-in-one practice management solution that serves private practices in the health and wellness sector. With a remarkable customer base of over 169,000 practitioners, the company has established itself as the leading EHR provider. This comprehensive platform empowers practitioners to efficiently manage their businesses with various powerful features, including autoPay, online booking, telehealth capabilities, and customizable documentation and notes. Through SimplePractice, practitioners can efficiently optimize their workflows, resulting in significant time savings.
18. eMDs
eMDs, a brand of CompuGroup Medical, stands as a prominent provider of comprehensive solutions designed to promote the well-being of both patients and healthcare providers. With a strong focus on integration and connectivity, the company offers a range of solutions, including EHRs, practice management software, RCM, and credentialing services tailored for physician practices and enterprises. CompuGroup Medical understands the unique needs of healthcare professionals and strives to deliver software solutions that enhance physician productivity and elevate the overall clinical experience. EHR companies, such as this one, demonstrate their commitment to excellence through the accolades they receive, with eMDs software consistently earning top rankings in respected physician and industry surveys conducted by prestigious organizations.
19. The Echo Group
The Echo Group is recognized as a leading developer and implementer of enterprise-grade software solutions exclusively designed for behavioral health organizations across the United States. The company's suite of tools includes visual EHRs, government reporting and compliance features, clinical and financial decision support functionalities, as well as medical and government billing capabilities. The company provides flexible solutions for managed care organizations with both self-hosted and SaaS deployment options. It offers additional services such as RCM, IT support, fiscal and clinical process workflow analysis.
20. MD Synergy Solutions
MD Synergy Solutions is a renowned provider of integrated solutions for medical offices, utilizing its advanced cloud-based technology and innovative RCM services. The company's technology platform encompasses EMR, PM, and patient portals, enabling seamless operations within medical practices. Using proprietary rule engine technology, MD Synergy Solutions delivers exceptional RCM service through its WorkQueues. The company's comprehensive offering caters to small-to-large physician practices, offering easily implementable and adaptable cloud-based software solutions.
21. Pulse Systems, Inc.
Pulse, a reputable RCM company, offers advanced medical billing services and cutting-edge technologies to facilitate payment processes, streamline workflow, and enhance patient care delivery for physicians. Renowned as a leading SaaS and mobile solutions provider, Pulse offers a comprehensive suite of integrated EHR, PM, population health, electronic prescription, medical billing clearinghouse, patient engagement, and payment technologies to physicians, medical service providers, and patients alike. With a broad user base encompassing thousands of providers across over 40 specialties, Pulse ensures that its clients achieve optimal financial and clinical outcomes.
22. DocuTAP
DocuTAP is a dynamic health information technology company offering integrated technology solutions to over 3,000 on-demand healthcare practices and primary care clinics nationwide. Renowned for its flagship product, DocuTAP's EMR and Practice Management software, this EHR company uses an innovative workflow optimization approach. Its comprehensive on-demand healthcare solution includes 'Clockwise.MD' patient engagement technology, RCM services, as well as DocuTAP Insight, a powerful business intelligence tool with customizable reports and industry benchmarks.
23. Elation Health
Elation Health is widely recognized as a premier technology platform for primary care that prioritizes delivering exceptional value. With a strong focus on clinical excellence, the company has provided innovative solutions since its establishment in 2010. Elation Health offers a collaborative EHR platform, enabling practices to effectively initiate, expand, communicate, and excel in delivering personalized, top-tier care to their patients. This electronic health record company is committed to supporting primary care clinicians in preserving the art of medicine while adapting to the ever-changing healthcare environment.
24. Net Health
Net Health is a company dedicated to leveraging data to improve human health. Its comprehensive solutions include EHR software and predictive analytics that provide actionable insights for various medical specialties, such as rehab therapy, wound care, home health and hospice, and employee health. Net Health empowers caregivers and organizations to effectively engage with patients, streamline documentation, optimize staffing, ensure appropriate reimbursement, and adhere to regulatory requirements. With its unique approach to analytics, this EHR software company integrates valuable insights into clinical and operational workflows, resulting in improved care quality and enhanced business performance.
25. ChiroTouch
ChiroTouch is widely recognized as a leading provider of cloud-based chiropractic software, offering a fully-integrated EHR solution tailored exclusively for chiropractors. This innovative platform is built from scratch and can be seamlessly accessed from any device at any time, providing chiropractors unparalleled convenience and flexibility. ChiroTouch eliminates the need for multiple vendors by offering a comprehensive system that handles payment processing and insurance claims management, allowing chiropractors to focus on their patients instead of paperwork. The software is designed to be user-friendly and accessible, ensuring a smooth transition for practitioners. The new generation of ChiroTouch is purposefully designed to optimize efficiency in all areas, accommodating various payment methods, including cash and insurance.
In a Nutshell
These top EHR companies will enable medical professionals to benefit from user-friendly interfaces, streamlined workflows, and enhanced clinical decision support, improving patient care and efficiency. Furthermore, the innovations and expertise of these EHR companies have a positive ripple effect, inspiring collaboration and driving advancements across the healthcare ecosystem. By embracing these electronic health record software companies, professionals and EHR companies can harness the power of digital health records to revolutionize healthcare delivery and contribute to the industry's ongoing transformation.
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