The US healthcare system has drastically changed and how! No longer is only the provider bearing the burden of financial responsibility, with the liability now shifted more towards the patients. Furthermore, the high deductible policies and the yearly escalation of the number of co-pays and insurance, the out of pocket expense for the patient’s have … Read moreTIPS TO IMPROVE PATIENT COLLECTION
Per the Global Market Insights analytical report, the Global Healthcare Data Interoperability Market will surpass USD 3.5 billion by 2025 with North America expecting a compound annual growth rate o of 8.8%. Semantic Interoperability is anticipated to escalate at CAGR of 9.5% in the forecast period, and cloud-based healthcare interoperability market is also expected to … Read moreHOW INTEROPERABILITY FURTHER IMPACTS RCM?
The world is going through a scourge of massive physicians burnout which put the lives of millions visiting them for treatment, vulnerable to getting subpar quality of treatment and care. Yes, physician burnout is an actual thing. When a physician is under so much stress that they are unable to get over yesterday’s tiredness and … Read morePHYSICIAN BURNOUT: TOLL ON FINANCIAL HEALTH
Every day, several patients visit a doctor with varying signs and symptoms. While all the records are well maintained in the system, you can not possibly expect the doctor to remember details of a patient that visited them three years back, unless it was a one of a kind cases in their profession. Let’s assume … Read moreRCM: PREDICTIVE ANALYSIS IN HEALTHCARE
Source ￼What makes a healthcare treatment and care delivery system? The patients! Most of the physicians and hospitals have a tough time attracting and retaining patients. The reason for the falling patient engagement could range from patients not feeling valued by the inefficient and untrained front-desk support or patients getting overwhelmed with the healthcare organizations … Read moreEFFECTIVE PATIENT-ENGAGEMENT STRATEGIES
Automation ever since its introduction in the early 1900s has been rapidly disrupting various industries by minimizing the manual efforts, enhancing accuracy, paving the way for the workforce to better utilize their knowledge and skills towards growth and development. One of the industries massively transformed with automation is healthcare system, which post-digitization has gained more … Read moreAUTOMATE HEALTHCARE, ENHANCE PRODUCTIVITY
As the healthcare expenditure in the United States is skyrocketing with every passing year, so is the number of Americans getting themselves covered under health insurance policies. These health insurance policies regulated by the federal government keep evolving with the situation and the ever so evolving needs. While these healthcare reforms have a profound impact … Read moreMEDICARE 2019: IMPACT ON BILLING AND CODING
A: I will never recommend that medical practice, even to my nemesis? B: Why so? A: They have a pathetic front-desk staff? No etiquettes, disorganized and sheer wastage of time, visiting that hospital. And there goes all your hard-work straight in the drain. You know how they say, “first impression matters”? This is apt … Read moreENHANCE YOUR PRACTICE’S FRONT-DESK EFFICIENCY
150 billion! Yes, that is how much healthcare systems of the United State lose because of patient no-shows, in a year. Setting up, operating and maintaining healthcare organization is expensive. What adds to the staggering expense and has an adverse impact on the revenue generated is the frustrating habit of the patient not showing without … Read moreHow Patient No-Show Affects RCM?
Yes, setting up a medical practice is time and cost-extensive but that is not the end of it. How are you going to survive the health care competition without continuously working towards improving the practice management? It takes diligence and exceptional administration skills to operate a successful and efficient practice. Take note of these strategies … Read moreImprove Medical Practice Management