When you chose to pursue a career in medicine, you may have been thinking about saving lives or helping patients to improve or protect their health and wellness. However, nearly half of American physicians own their practices, making them business owners as well as providers.
For as rigorous and thorough as medical school is, they don’t teach you how to run your practice or deal with any of the challenges and management tasks that take you away from your true passion — seeing, diagnosing, and treating patients.
Pain points for physician-business owners
While every business faces unique challenges there are some common challenges that most privately-owned medical practices will face to some degree including:
- Managing patient records
- Managing staff
- Managing supplies
- Managing patient flow and schedules
Ideally, all aspects of your business should flow together so that you can your staff can provide excellent patient care.
How to address these issues – technology is often the answer
Electronic medical records (EMR)
An easy to use EMR system is critical to keeping track of your patients’ needs, services provided, and more. There are plenty of options to choose from when selecting an EMR, but you should look for a program that includes the functions you need, which could consist of scheduling as well as a record-keeping system.
Streamline hiring and onboarding
The more time you have to spend on recruiting and training employees, making sure they’re paid, and scheduling their time in and out of the office, the less time you have available for your patients. While you may be comfortable using whatever system you’ve been using, just because it’s the way you’ve always done it, isn’t a good enough reason to keep doing it.
Consider using HR software to make sure everyone gets paid and that schedules and vacation times are managed correctly. Technology can help you streamline your human resources tasks and reduce the amount of time you have to spend on these administrative tasks.
Bring supply management into the 21st century
You never thought you’d have to spend time tracking and recording your inventory or negotiating bulk or regular orders for products, but the reality of owning a practice means that someone has to be responsible for keeping your inventory of supplies stocked and managing the costs.
You could investigate software to track supplies and simplify the ordering process. Some systems, like Supply Road, can even compare vendor prices and help you get the best deal on the supplies you need.
How Ferndale Road can help
Ferndale Road is an easy to use practice management tool that streamlines and simplifies the areas of practice management which are traditionally time-consuming and frustrating. Whether you need an affordable and functional EMR system or a way to keep track of your inventory and order new supplies.
If you want to spend more time with your patients and less time on administrative and practice management tasks, contact the team at Ferndale Road to find out how our software solutions can simplify your professional life.