There are a lot of great business applications on the market today to help medical companies manage their businesses more efficiently. These include specialized Medical Practice Management software which may or may not offer the underlying accounting modules as well as practice management software that can integrate to popular accounting systems like Intuit QuickBooks or Sage Intacct.
Any company evaluating new software for their medical practice needs to consider the pros and cons of each application including the breadth of features as well as the depth of functionality inside each one. For example, most medical practice management software is very strong for managing daily business operations but if you dig in under the covers you’ll find out that many of them are difficult to customize and may have limited features to support larger businesses with no functionality for intercompany, intracompany, or in some cases – even multi-company management of financials and business transactions.
Some of the most popular medical practice management software is listed on the extensive Capterra directory which provides a brief overview of each product as well as user ratings to help you understand how popular the application is and how existing users feel about each product. There are of course many more medical practice management applications on the market.
At the time of this writing there were six medical practice management applications on Capterra that had more than 400 user reviews and all of them had four-plus star ratings (out of five) and another ten that had more than 100 user reviews. The following list should provide you with a good start if you’re considering a change for your practice. Keep in mind, however, that the market is ever-evolving and new products are being developed every year. We recommend evaluating some of the long-standing vendors and products as well as some of the newer vendors and products if you’re considering a change.
NextGen Practice Management
MediTouch Practice Management
PrognoCIS Practice Management
drchrono Practice Management
Centricity Practice Management
|EMA by Modernizing Medicine
Genesis Chiropractic Software
DocuTap for Urgent Care
VelociDoc Urgent Care EMR
Practice Management by CureMD
Remember that the medical industry is extremely diverse and many of the products above have specialized features for particular industry segments such as chiropractic, urgent care, family medicine, and other specialized areas.
One last tip – the product you’re using today may work just fine and you may just need to replace the underlying accounting with something a bit more robust. Or perhaps you can continue using your existing software but integrate it to specialized applications for scheduling or billing. Contact us to discuss these services or if you’re interested in learning more about Sage Intacct – a popular option for healthcare and medical practices to manage their financials.