Live on The Power Hour: How to Calculate 8 Important Benchmarks

Posted by Janelle Pauli on Oct 29, 2014 10:00:00 AM

How to CalculateWe recently released an eBook titled, 8 Benchmarks ODs Need to Monitor in Their Eyecare Practice, which was co-authored by Dr. Gary Gerber and our own, Steve Sunder. Both Gary and Steve have years of experience working and consulting in the eyecare industry. They worked together to build a list of 8 benchmarks every eyecare practice should be monitoring, along with formulas, industry averages, an interactive spreadsheet, and tips and advice for reaching those benchmarks if you fall short. 

And tonight, on October 29th, live on The Power Hour, Gary and Steve will be talking live about what you need to be keeping track of in your practice, and how to calculate it. It can be a challenge finding the time to really take a look at the numbers and how your practice is doing, and it can be even harder to determine what exactly you should be monitoring. This discussion will give you a fresh perspective and new ideas about the metrics every OD should care about.

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Topics: Tips for ECPs, Optometric Practice Management, Practice Management for Optometrists

What Do Other Doctors Really Think About Their EHR Software?

Posted by Sharon Chin on Oct 27, 2014 10:30:00 AM

It’s always a good idea to think outside the box! Although we specialize in the eyecare industry, it can’t hurt to look outside of our industry for inspiration and ideas. A resource that I particularly like following is content fromSoftware Advice, a mobile EHR research group. They recently conducted a survey among EHR users from a diverse range of medical specialties and I wanted to share their findings. Check out what other doctors have to say about their EHR software!

EHR_Software_mobileWhat Doctors Like to See in Their EHR Software

The following are two key findings that I particularly find interesting:

  • There are an increasing number of buyers looking to replace their existing EHR and investing in patient portals and ePrescribing
  • Mobile EHR users are experiencing fewer EHR challenges

I was really excited about the findings of this study because it shows that the healthcare industry is finally embracing the use of technology in their practices and experiencing the benefits of it.

Invest in a Patient Portal and ePrescribing

Every practice’s needs are unique. And to find a system that can meet all those needs can be quite a task! Doctors often find themselves overwhelmed with choices and end up making a bad purchasing decision. We are going to see more doctors realizing a need for change as the study shows that more buyers are looking to increase their EHR investment, and they were more interested in increasing their investment in patient portals. We certainly think it’s important! Read our previous post on why you need the perfect patient portal. On top of increasing patient engagement, it is also a requirement for Stage 2 Meaningful Use. The other EHR module that buyers were willing to increase their spending on was ePrescribing. And it’s no coincidence that we’ve also written an entire post about ePrescribing, read 7 Benefits of ePrescribing with Your EHR Software!

While it’ great that more doctors are willing to increase their spending on patient portals and ePrescribing, they don’t necessarily have to! Some EHRs already come with these tools embedded, so there’s no need to deal with integrations and pay extra for these modules!

Experience More Satisfaction with Mobile EHRs

Mobile EHRs are relatively new to our industry, but the rest of the healthcare industry seems to love it! The study shows that “difficulty in learning to use the system and with decreased productivity were two areas where the differences between mobile and non-mobile users were greatest.” There could be many reasons as to why mobile EHRs are easier to learn, but with mobile, particularly cloud-based systems, you are able to access your system at anytime and anywhere, giving you the freedom to learn the system at your own pace and convenience – even outside of working hours.

It’s great seeing that other healthcare industries are getting on board with the use of EHRs! Is it time for your eyecare practice to move or switch to an EHR? Check out Uprise! It’s a practice management and EHR solution that comes with a variety of embedded tools and is also cloud-based! 

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Topics: EHR Software, Cloud-Based EHR

All the Details on Performing a Risk Analysis of Your EHR Software

Posted by Janelle Pauli on Oct 25, 2014 10:00:00 AM

EHR software risk analysisPerforming a security risk analysis in your practice is a core objective requirement of Meaningful Use. Even if you're using an EHR software in your practice, but not participating in Meaningful Use, it's required and important to keep your patients' information safe. So, conducting a risk analysis is in your best interest. Risk analysis requires you to look at the way your practice operates and protects patient health information.

The security risk assessment is a requirement of both Stage 1 and Stage 2 of Meaningful Use. In Stage 1, eligible professionals must conduct or review a security risk analysis and implement security updates as necessary and correct any deficiencies as part of the risk management process. In Stage 2, eligible professionals need to meet the same requirements as in Stage 1, but must also address the encryption security of data at rest.

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Topics: Tips for ECPs, EHR Software, Meaningful Use

3 Considerations to Make Before Buying Optical Software

Posted by Janelle Pauli on Oct 22, 2014 10:00:00 AM

When looking to purchase optical software for your eyecare practice it's important to consider how that software will interact with other software that you use in your practice. Will you have to integrate multiple systems? Do they work hand in hand? Will using multiple systems improve your workflow? Purchasing software can be expensive, so it's important to know that the software you use is going to help you see more patients, analyze your business, and increase your profits.

Our friends at Frames Data have put together a list of considerations you should be thinking about before you purchase new software. We'll talk about 3 of the considerations in this post, and if you want to learn more, download their eBook at the end of this blog!

What You Need to Consider Before Purchasing Optical Software

Does the system integrate with Frames Data and other industry Optical Softwarepartners?

Your frame dispensary is likely a big profit generator for your optical practice. You might think that you know what sells in your store already, but the truth is that the real hard numbers may reveal hidden nuggets of wisdom about your practice that you would never know otherwise. Having a system that is easily integrated with Frames Data, or better yet, comes with Frames Data embedded into the system, is going to allow you to upload frame information so that you don't have to spend hours worrying about tedious data entry that is susceptible to errors. You'll also be getting the most up-to-date information, such as whole sale pricing, to help you maximize your profits. 

Integrated software vs. software that comes embedded in a system can be a little tricky to understand. Software that is embedded into another system (for example, Frames Data comes embedded with Uprise practice management & EHR), allows you to perform all activities of both softwares within the same system. You don't have to leave the Uprise interface and download/upload information from Frames Data, it's all in one spot! Additionally, you're not making two separate software purchases, it's all included as one.

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Topics: Tips for ECPs, EHR Software, Optometry Software

How to Calculate Gross Revenue Per Staff Hour

Posted by Janelle Pauli on Oct 20, 2014 10:25:00 AM

Running and managing an eyecare practice isn't easy work. Especially if you're an independent practice trying to stay on top of your patient schedule each day and still managing to find time to monitor the business side of things can be hard! But, as you know, monitoring the numbers side of your business is important too so that you can make sure you're not missing out on bigger profits.

Today we want to show you how to calculate a very important benchmark for your practice, gross revenue per staff hour. Keeping an eye on this benchmark allows you to see the amount of revenue generated by your team. Of course, you'd like to see the highest revenue from your staff as possible.

Learn How to Calculate Gross Revenue Per Staff Hour

how_to_calculate_gross_revenue_per_staff_hour

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Topics: Tips for ECPs, Optometry eBooks, Education

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