Various Aspects of Software Driven POS System

Used at almost all the physical locations where goods are sold out to the customers, POS system is one of the best available tools meant for effective stock control. Also in these days of computers and Internet, few commercial transactions are left out of the ambits of computerized management. One of the latest additions in the rank is the point of sale system that is now widely used all over the world in retail outlets.

Benefits of POS System

With the use of this system all the transaction carried out are computerized. Records prepared, managed, and retained will include the sales and transactions, the items that are sol with selling prices and quantities sold out. Finally the software in the system will calculate the total along with the taxes to be paid. It also indicates the quantum of changes that is due recording all the sales and tracking almost every transaction that is carried out with the knowledge of the computer.

Automation of Transactions

Benefits of using the system for stock control is that with the computer remembering every transaction and steps taken with it, the same is recorded and all the transactions are automated. Calculating the sales for the day, the profits earned and the taxes to be paid, it gives and overall view of the available stock and the portion that is sold out to the entrepreneur. POS software can work as complete retail management tool in its simplest form.

POS Software

Some of the characteristics of POS software are point of sale, inventory control, creation of automatic purchase orders, price updates automatically, scamming of bar codes, receivable and payable accounts, general ledger, payroll, customer tracking, shop management, EDI, and many more.

Misconceptions About POS

Some of the common misconceptions about POS among the people are that it simply tracks the inventory for stock control. However, simple inventory tracking or stock control is not the only objective fulfilled with the software. Each of the systems has some different features, strength as well as weaknesses. However such differences could make huge impact on the business for which they are used.

POS System Basics

Point of sale that is also known as the checkout is the location where some transaction occurs. In fact the POS System works as the electronic cash register for an enterprise. Terminal of such system manages the entire selling process using the accessible interface by a salesperson. Moreover the system itself can creation and help printing of the receipt.

Once limited in function, POS system for stock control has become common feature in most of the major retail centers these days. With the advent of several modern software and hardware interface standardization use of POS system for business has taken a new dimension and it is not confined to stock control in business alone.

Electronic Medical Billing Software Products in Press (June – July 2006)

Medical Billing technology has witnessed continued expansion during the first two months of this summer, as evidenced by press releases about some ninety products accumulated in BillingWiki. A practice manager may find it difficult to select the best product from such a large product variety. This article roughly tabulates some eighty-five press releases about medical billing technology products and/or vendors across two-dozen service categories.

Asset Life Cycle Management: Products that help healthcare organizations optimize the performance of their capital assets, uncover hidden expenses, gain more visibility and control over their asset and facility operations, and improve safety. Such systems also serve as repositories for hazards, alerts and recalls facilitating a closed-loop process that documents the hospital’s course of notifications and corrective action. See St. Croix and LYNX.

Audit and Compliance: Products that help providers and payers to manage compliance by facilitating internal audits and planning external audits respectively. Such systems assist an auditor to spot errors, omissions, fraud, and abuse. Solutions span spectrum from basic audit reporting to complete automation of the audit process by using data mining, natural language processing, and statistical methods to produce a random sample of medical records, data scoring, and potential revenue loss estimate.

  • Claim Audit: A-Life, CodeRyte
  • EFT Audit: GlobalSCAPE
  • HIPAA Privacy and Security Compliance: MedicalSuite

Certification and Awards:

  • Best in KLAS: KLAS is a leading source of information on Healthcare Information Technology vendor performance, with information gathered from users at more than 4,500 healthcare facilities nationwide. Performance data collected from 300 Healthcare Information Technology vendors and 500 of their products is evaluated and made available to subscribers through the KLAS website as well as through periodic reports and custom research. See press releases about VantageMed and athenahealth.
  • CCHIT Certification: The CCHIT Certified mark – a “seal of approval” for EHR products – provides the first consensus-based, consistent benchmark for ambulatory products. See LSS Data Systems and Misys.
  • DOQ-IT Testing: CMS, an agency of the U.S. Department of Health and Human Services, established the DOQ-IT initiative program to encourage physicians to adopt EHRs and, in turn, improve the quality, safety and efficiency of health care. In order to gain official DOQ-IT recognition, vendors must meet all 35 DOQ-IT reporting requirements. See Misys

Deals: This category shows business development activity based on leveraging reciprocal client relationships and complementary product capabilities. See A-Life, Affinity Billing, athenahealth, eClinicalWorks, Eclipsys, GE Centricity, H-Quotient, Healthnostics, IngeniousMed, JPI Data Resource, LEAPpm, Massachusetts Medical Society, MedLink, Misys, medFORCE, medHost, MediSys, Nexplicit, Nicka & Associates, Nightingale On-Board Communications, PatientKeeper, Quantum Group, RXHub, Scandent, Streamline Health.

Electronic Charge Capture: MedAptus

Electronic Data Interchange (EDI): The ability to access one single source of continuously updated claims tracking data to perform real-time status checks directly from local PCs instead of spending hours on the phone calling one insurer after another to track down the status of submitted claims. See MicroSys.

E-learning: AlphaQuest, Care2Learn

Enhanced website: CAP-MPT, Companion Technologies, Patientrak

Factoring: Factoring provides healthcare professionals with automated electronic insurance claims management solutions and advance funding on medical claims, as submitted, through a revolving line of credit. See MDWerks

Integration: Products that expedite revenue cycle by integrating office management functions, which in the past used to be performed separately. Integration eliminates data entry repetition, reduces errors and costs, and streamlines revenue cycle. See press releases about four integration aspects outlined below.

  • Billing and Coding: ChartLogic
  • Billing and EMR: Affinity Billing, MediEMR, Siemens, NextGen, athenahealth.
  • Billing and Compliance: Billing Precision.
  • Billing and Imaging: IMPAC, AMICAS, Fujitsu, MedLink.

New clients: Ingenious Med For, Lumetra, Misys, Per-Se, MediSys, Craneware, PaperFree, athenahealth, Picis, MicroMD, intraNexus, Visionary Medical Systems, AllScripts, LUMEDX, Streamline Health, LYNX, Sullivan Group, PHNS, Streamline Health, ECDS, McKesson

New billing products and services: Automed, HealthWare, JP Morgan, Physmark-Transplant, LabDAQ

Online Supply Store: Antek HealthWare

Patient Payment Ability Verification: Offers predictive reporting functionality to determine a patient’s ability to pay for services and verify a patient’s billing address in real time. See Per-Se.

Payer-side automation: See Guidewire ClaimCenter, XPERT Connect.

Personal Health Record Smart Card: Patients and health care providers can access medical health records, and send and save their most vital personal medical information instantly using the Internet or multiple devices, such as smart cards, USB keys, mobile phones, PDA’s and Tablet PC’s. See Patientrak.

Telemedicine: eNotes.

Billing Software – Tool For Minimizing Errors And Malpractice At Restaurants

These days, perhaps the biggest challenge faced by owners of micro, small and medium enterprises is finding people who are reliable as an employee. This hurdle is particularly prominent in unorganized sectors of retail business, where a sabotage can even adversely affect the seed capital. Even if the case is not that much worse, it’s a breach of trust, and more particularly, such incidents can instigate an unending sequence of malpractice by people supposed to protect cash and be held accountable for any discrepancy. An interesting and generalized case study can be discussed in context of restaurants and bars, where it’s a huge problem for owners to curtail murky activities of waiters and bartenders, who blatantly manipulates bill amounts to please dishonest customers and earn tips from them.

In fact, the problem doesn’t end here. There are incidences, and not rare ones, when a bill has surprised a customer. It may be that the bill doesn’t include certain items ordered by a customer, and is thus much less than what it should have been. In such a case, the restaurant certainly misses a portion of the revenue it deserves. Quite simply, it’s a loss incurred by the owner, due to an error committed by the employee responsible. Another common scenario is the embarrassment of the restaurant management, when a customer is furnished with an unprecedented bill that covers items ordered by some other diner, and he furiously retaliates while expressing his dissatisfaction at the callous service and swears never to return. Obviously, the ultimate sufferer is the restaurant, as loyal customers and patrons are a rare species in current times.

Apparently, it’s easy to blame the whole thing on the staff, and in most cases the fuming owner or humiliated manager escalates, warn and even sacks the concerned employee. But that is not the solution, and by no means, is justified. It’s quite natural to make mistakes, especially when the pressure is higher during rush hours. However, that doesn’t also mean we should allow staffs to steal and manipulate. Clearly, in such a complex situation, the only plausible measure is to minimize the chances of tampering and inadvertent slips by, and this is where a restaurant billing software can prove to be a potent tool by scaling down human intervention in the amount calculated, and also in the bill generation stages.

As the name suggests, a restaurant billing software essentially automates the calculation part of the bill, and serves as an integral part of ‘point of sale’ systems. Typically, such application suites are ideally designed to flawlessly identify the quantity and price of items ordered from the customized database of the restaurant menu, make the necessary calculations, including applicable taxes and charges, and produce the final bill that bears the table number to specify the customer to whom that bill relates to. Such an efficient method eliminates almost all probability of unintentional lapses. And yet, there are more advantages!

Since a customer has to be served with food that has been prepared in the kitchen upon receiving software generated kitchen order tokens (KOTs), and a restaurant billing software feeds on the items and quantity mentioned in the KOTs only, there is almost no scope for manipulating quantums of dishes ordered. Thus, different aspects of such a software invariably points to usefulness and functionality it can provide.