As a health care professional, your focus is on your patients most of the time, but you'll want to pay attention to the business side of your your practice as well. Modern technology can help you deal with administrative tasks so you can spend more time with your patients. When you're focused on patient engagement, the last thing you want to do is worry about insurance claims and payments, wages and overhead. That's why it's important to use technology to make the administrative side of the business as efficient as possible. 

Why keeping track of your practice is challenging
You need to know if you're being paid on time for services, if you're bringing in new patients, if recurring patients are returning to your practice and other important billing related information. All of this data is accessible, but in most cases, it's spread out over multiple computer systems and paperwork. This makes it a time-consuming task to figure out how your practice is operating. 

The business side of a medical practice
According to The New York Times, most physicians don't learn business practices in medical school. In fact, most of the administrative tasks a physician learns come from experience. A majority of medical students aren't going to spend time in school learning about how to run a business, so they just have to give it a try. This leads to many mismanaged practices because physicians find out how difficult it is to make a profit. 

"Overhead continues to go up, but your ability to raise prices is very limited," Dr. J. Fred Ralston Jr. of the American College of Physicians explained to the Times. Because of this, many practices struggle. 

Some practices will hire a medical practice manager to handle things like human resources, accounting, billing, claims, marketing, etc. While this is effective, it can be pretty expensive. According to the Bureau of Labor Statistics, the median salary for a medical practice manager is over $80,000 per year. In addition to salary, you have to find a workspace for that person, and add in the cost of equipment, tools and resources. Many practices can benefit from finding optimized software solutions instead of hiring a medical practice manager, and for practices who have already gone through the hiring process, this technology can help the them get their job done as efficiently as possible. 

How technology can help
The right software can put all of the practice's business information into one place and present it in a way that is clear. Graphs and charts are useful tools when it comes to viewing your practice's data and the technology you use should be able to show it to you in various streamlined formats. Whether you're on a desktop, tablet or mobile phone, a good software solution should be able to quickly and easily show you chats, graphs or numbers that will give you details about charges, receipts, adjustments or other medical billing information. While seeing information about how your own practice is good, being able to measure your practice against others in the industry is even better. Technology can help you find out how your practice is doing in relation to others, which will be a good indicator of what's next for your practice.