3 Ways an EHR Can Make New Practices Profitable

Easy to use, customizable EHR with integrated PM for optimized quality, performance, and patient experience.

3 Ways an EHR Can Make New Practices Profitable

Starting your own practice can be one of the most exhilarating experiences in a provider's career. In addition to being well versed in the workings of consulting, it takes a great deal of planning to carry out this tactic. It can be more difficult for providers in specialized fields.

That's why one of the cornerstones of any successful modern company is the technology solutions they rely on. These include software such as practice management software, patient portals, and electronic health record (EHR) software. The latter plays a very important role in the day-to-day running of any practice, and running them correctly can be quite profitable. Let's look at 3 ways to monetize new practices:

Customization
Not all queries have the same needs, so investing in generic EHR software may not be the best solution. To meet the very specific needs of certain practices, many vendors, such as XyberSystem, offer practice-specific EHRs that are tailored to your business needs.

While it may take a while for practices to adapt to a generic system while integrating it into your workflow, customized solutions can make the transition much easier for your staff while ensuring productivity levels remain consistent.

Easy configuration
Following on from the previous point, choosing an EHR with an easy setup process is important to maintain high levels of productivity during initial integration and installation. Choosing an EHR with a long and difficult setup process can lead to a large amount of downtime as practice staff struggles to learn the ins and outs of the software. This can lead to lost revenue in addition to reduced productivity levels. Finding one with a simple setup process can avoid all of these problems.

Reduce costs with cloud technology.
Physical systems and storage can be expensive to install and maintain. However, many of these costs can be avoided altogether by investing in a cloud-based system. Many plans offer high or unlimited storage, eliminating the need for physical on-site servers. Storage capacity differs from provider to provider, however, resellers, such as XyberSystem, offer plans that are either completely cloud-based or feature strong cloud integration to facilitate their users.