AMA, MGMA offer practice management guidance
The American Medical Association (AMA) and the Medical Group Management Association (MGMA) have developed an online directory of software vendors to help physicians gauge whether their practice management system (PMS) software is ICD-10-CM and HIPAA Version 5010-compliant.
With the upcoming transition to ICD-10-CM and the 5010 version of the HIPAA electronic standard transactions, coupled with the Medicare and Medicaid EHR incentive program, physician practices will be required to significantly upgrade or replace their current practice management system software.
The Practice Management System Software Directory provides vendor profiles, enabling physicians to choose the software that best fits their needs, the groups stated. The directory complements The Practice Management System Toolkit, also available from both organizations.
Physicians who use the directory have access to a roadmap to make it easier for practices to select and purchase the most appropriate PMS software. The information can be used to establish a practice’s organizational needs and take advantage of recent improvements in automation, according to the AMA and MGMA.
The Practice Management System Software Directory identifies the features most important to physician practices, including:
With the upcoming transition to ICD-10-CM and the 5010 version of the HIPAA electronic standard transactions, coupled with the Medicare and Medicaid EHR incentive program, physician practices will be required to significantly upgrade or replace their current practice management system software.
The Practice Management System Software Directory provides vendor profiles, enabling physicians to choose the software that best fits their needs, the groups stated. The directory complements The Practice Management System Toolkit, also available from both organizations.
Physicians who use the directory have access to a roadmap to make it easier for practices to select and purchase the most appropriate PMS software. The information can be used to establish a practice’s organizational needs and take advantage of recent improvements in automation, according to the AMA and MGMA.
The Practice Management System Software Directory identifies the features most important to physician practices, including:
- Price range for the product, excluding implementation costs,
- Current installed customer base for the product,
- Target market for the product,
- Number of years the practice management software has been offered and
- Any affiliated EHR products.