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Best Medical Store Software in 2020

Finding the best Medical Store Software for your business is now faster and easier! Compare prices, reviews, features, and get free consultation to find the perfect software.

Medical Store Software Guide

Table of Contents

What is Medical Record Software?

Medical software is a robust tool that automates most of the task of healthcare organizations and healthcare store owners. It includes a gamut of systems that manage the administrative and clinical functions of the healthcare organizations. It is a boon for the healthcare industry as it saves time, paper-work, efforts and money of the healthcare providers. In this way, the medical store software facilitates enhanced patients’ care. It is all-in-one medical management software that takes care of complete patient’s experience from appointment scheduling, billing, reporting to the medications. It also helps the physicians in easy tracking of patient’s data, status and in following effective treatment procedure. The medical software is also a boon for medical shop owners. It works as a fantastic retail medical store software that helps with tasks such as inventory management, billing, authorization, and reports.

Also known as electronic medical record software (EMR software), it is equivalent to a paper chart in a clinic. It allows the clinician to easily and efficiently build a database of patient’s information and keep it in one central location. In this way, healthcare providers can track patients’ records and access the data anywhere at any time.

It even serves as prompt software for the medical store as it comes with an array of features that saves time and efforts of the medical store owners. It is a medical stock management system that keeps a record of the stocks in a medical store and manages the inventory. This retail medical store software comes with medical billing facility that makes the process of payments hassle-free. It also facilitates in maintaining a record of all the medical transactions. The retail medical software helps the shop owners to apply for authorization and even track the responses of the requests.  The medical shop software saves space as papers and files are replaced with digital records. It facilitates space management as it frees the space of shelves and archives that is otherwise utilized for storing data of medical practices.

Features Of Medical Software

1. Patient Appointment Scheduling:

This feature enables medical administrators to rapidly make non-clashing arrangements for thousands of patients and permits patients to adaptable options when settling better choices about available appointment times. Likewise, if one needs schedule alterations, medical administrators effectively recover appointment data from this medical store management system.

2. Patient Billing:

This feature assists in the preparation of patient billing statements, sending electronic bills and gathering and processing payments. On top of medical store software, various arrangements incorporate both client billing and employee payroll in the framework.

3. Insurance Claims:

The transaction to record and process medical insurance claims is obscure that involves unique billing codes for various procedures. The medical software makes the submission of claims much simpler in electronic form. It also checks claims status, tracks overdue claims & verify benefits information.

4. Reporting:

Medical (MR software) Software differentiates themselves with the number of reporting features available. This software allows a greater level of transparency among medical staff, patients & insurance companies. Chemist software organizes and manages all the paperwork functionalities and also fetch comprehensive reports to better track office-wide activities.

Other Features included:

1. Electronic Medical Records

2. Inventory management

3. Mobile access

4. Medical supplies control

Benefits Of Medical Software

The general advantages of any medicinal framework are enhanced quality of patient care, expanded operational effectiveness, and improved practice productivity. Other general benefits also includes:

  • Cost reduction

  • Providing precise, up-to-date & complete data about patients

  • Efficient scheduling

  • No paper-work. Use an online environment that makes work easier & faster

  • Medicines automatically get out of stock when they reach expiry dates

An Important Consideration When Choosing the Best Medical Software

Before selecting suitable medical software, few things should be considered in order to select the best software for a medical store or healthcare organization. Given below are some of the factors that one should consider:     

1. Integrated suite or application based on the specific task:

The buyer looking for the best software for the medical store has two choices either implementing different applications for different tasks or using an integrated suite that takes care of all the needs. So, the buyers have to choose between implementing a standalone electronic health records software or complete software that caters to a different task. Generally, it is better to adopt electronic medical records software as it is recommended by the HITECH Act.      

2. Software-as-a-Service (SaaS):

Nowadays, web-based or SaaS software is all the rage. It is impacting almost every industry including the healthcare industry. When it comes to the case of medical software, web-based software is chosen as it offers advantages such as remote accessibility, lower initial costs, access to data anywhere, anytime from any device, and lower cost of IT & customer support. Though web-based medical store software is an ideal choice, it may not be viable for those residing in rural settings. Such software requires a broadband connection or fast internet connectivity. So, they should be purchased only if the connectivity in the area is good. Furthermore, the web-based software may not support all the features that are associated with unique requirements.

3. ONC-ATCB Certification:

According to the HITECH Act 2009, all healthcare providers need to use electronic medical record software. Those using medical store software with ONC-ATCB certification will be eligible for the Medicare EHR Incentive Program or Medicaid EHR Incentive Program whereby they can receive a certain amount of incentives. So, it is better to buy medical shop software that is ONC-ATCB certified as you might receive incentives for its integration.    

4. Mobile Software:

In this era, everyone loves doing their work on the move. The same applies to healthcare providers. So, the retail medical store software should support multiple devices like Android mobile, iPhones, tablet, iPads, and other portable devices. When buying retail medical store software, choose the one that has a native app developed for your device as that will offer the flexibility to work remotely.

Modules of Electronic Medical Record Software

The medical software comes with various modules for the convenience of the users. Given below are some of the modules that prompt software for the medical store should have:  

1. Patient’s Demographics:  

The medical software is integrated with the patient’s details module whereby the user can enter as well as edit personal details such as date of birth, name, social security number, etc. and demographic details such as an address, the name of insurer, pharmacy guarantor, etc.    

2. Appointment Scheduler:

A prompt software for a medical store is integrated with this module which allows timely and accurate management of the schedule of the healthcare provider. It also helps in handling the appointments of the patients. The electronic health records software comes with robust features that configure the availability of a healthcare provider.

3. Clinical Charting:

This module enables the medical providers to record minute details of the patients including records of current illness, history of illness, diagnostics, medications, prescriptions, lab reports, diet plans, and recording of vitals.    

4. Medical Billing:

The medical shop software comes with a medical billing module that takes care of the online billing process. It manages different aspects such as billing of patient’s visit, claims, payments & reconciliations, initial superbill, and billings on the provided services. It also tracks the financial status of the patient, bill payment capacity, and details of medical insurance & claim.    

5. Document Manager:

The electronic health records software acts as a document manager. It converts the paper records of patients into a digital file for easy access. It also manages picture images, x-rays, and other reports of the patient.

6. Pre-authorization and Dosage:

The Pre-authorization and Dosage module acts as a comprehensive solution for the clinicians.  It defines a drug for practice, manages the actual dosage for each drug that is prescribed, maps ideal dosage to that prescribed by the physicians, and further maps it with J code unit values. It then selects the final set that is required to send an Authorization request. The software also tracks the responses of each request.    

7. Reports Module:

Reports are essential in a clinical set up for its efficient running and to track the progress of the patients. The comprehensive report module offers 360-degree insights into the patients and various aspects of charting, billing, and scheduling. It offers scheduler reports, patient-related reports, clinical reports, and financial & payment reports.  

8. Lab Tracking Test Results:

By using this module of medical store software, the users can track the status as well as the response of the assigned lab orders. It facilitates the physicians to easily and effectively track the lab tasks and then accordingly suggests treatment or tests to the patients.  

9. Medical Notes:

This module is offered by the best medical software whereby physicians can write prescriptions following a standard format. In this way, it aims to error-free healthcare procedures. The standardized prescription avoids errors and misreading of the prescription by the pharmacists and patients.   

10. Encounter Management:

This module empowers the physicians to get comprehensive details about the patients so that they can offer better and more personalized services. The doctors receive complete details like patients medical history, family’s medical background, the reason for consultation, details of medications, details of allergy and screening test. It also facilitates the doctors and physicians to map the SOP process and offers features like patient plan management, the electronic signature signing of charts, etc.

Latest Market Trends to Understand About Medical Software

1. Interoperability and Integration:

The physicians and doctors look for medical software that can fetch details like the previous medical history of the patients in other hospitals or in the same healthcare organization. An EMR should thus integrate with other EMRs to bring such data. Furthermore, it is expected that there will be better interoperability to share data between organizations for enhanced patient care.

2. Accessibility:

The modern-day healthcare providers hope their retail medical software to be accessible from multiple devices so that they can work remotely.  So, the trends say that 2020 will be the year of mobile-friendly EMRs.

3. Blockchain Technology:

The blockchain technology has impacted almost every sector. It is used in the healthcare department to keep a check on the drug supply. The technology makes it easy to track the amount of drug that is being transferred, the person who is involved in the transfer, and to whom it is getting transferred. In this way, patients can be safeguarded against fake drugs.   

4. Diagnosis with AI:

The doctors and physicians are humans so they may tend to ignore the non-obvious reasons behind a fatal disease. That is why sometimes the diseases are recognized in the last stage when the symptoms and the reports are clearer. However, this error can at times be life-threatening for a patient. With technologies like AI, such diagnosis can be made at an early stage. So, medical diagnostic software is integrated with AI for precise diagnosis. The technology measures physiological parameters, looks at case histories, and compares with similar cases to make an accurate diagnosis.  

5. Free Medical Software:

Today, people are adopting medical software at a rapid pace. Even the small medical shop owners and those with small clinics are adopting the software as it saves time and effort. However, the cost of implementing medical coding software is not viable to the small retail shop owners and clinicians. For them, the best software for the medical store is the one that is free of cost.   So, the demand for free medical software will elevate in 2020.  

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Frequently Asked Questions (FAQs)

  • Medical store software monitors the inventory and keeps track of every product in the medical store.

    • Scheduling appointment
    • Document management
    • Medical billing
    • Test result tracking
    • Generating reports
  • It automates your workflow and provides numerous configurations that let you build functionality to support unique business models.
    • Remote appointment scheduling
    • Accessible on any device
    • Precise and updated patient data
    • Real-time inventory tracking
    • Optimizes time and resources
  • Yes, you can access medical store software on any mobile and computer irrespective of the operating system.

Nikunj DudhatBy Nikunj Dudhat | Last Updated: October 27, 2020

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