New AMA-MGMA Online Directory Helps Physicians Select Practice Management System Software
For immediate release:
April 28, 2011
Chicago - Selecting the correct software to use in a medical practice is critical for physicians, particularly now that all technology-based practices must be compliant with the government's updated standard for electronic claims transactions. The new standard, known as HIPAA Version 5010, will be required by January 1, 2012. The American Medical Association (AMA) and the Medical Group Management Association (MGMA) have made the software selection process easier by developing an online directory of software vendors that helps physicians determine whether the vendors’ practice management systems are compliant with the 5010 standard. A companion piece to the recently released Selecting a Practice Management System toolkit, the Practice Management System Software Directory provides detailed vendor profiles, enabling physicians to easily choose the software that best fits their needs.
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 electronic health record (EHR) products.
"As the date for compliance with the government's updated standard for electronic claims transaction rapidly approaches, physicians need to have practice management software in place that meets those standards," said AMA President Cecil B. Wilson, M.D. "We are pleased to partner with MGMA on this important initiative."
"In order to avoid cash flow disruption associated with the transition to the 5010 standard, it is critical for physician practices to convert their administrative systems and test their readiness well in advance of the compliance date," said MGMA President and CEO William F. Jessee, M.D., FACMPE. "Accessing the Practice Management System Software Directory will be an important step for practices looking to implement new software that not only complies with complex federal mandates, but also takes advantage of the many administrative simplification opportunities under development in the public and private sectors."
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To review the directory, receive a copy of the toolkit or for more information, contact:
AMA Media Relations
MGMA Press Relations
(303) 799-1111, ext. 1347