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?
Earlier it was a headache accessing and managing a bulk load of healthcare data and patient’s information, but with the inception of EHR, the accessibility, security, storage, and usability of the data has become easy. EHR makes instant, real-time, patient-centered records easily accessible to authorized users. It comprises of patient medical history, diagnosis, medications, treatment … Read moreEHR ADOPTION: MISTAKES AND TIPS
What an overwhelming year it was for the healthcare professionals and medical revenue cycle management? The value-based care, interoperability, shifting financial responsibilities to patients, it won’t be an understatement to say that the healthcare revolution by digitization is starting to reflect its impact on the revenue cycle management. Also, what a start to the 2019 … Read moreHOW CAN YOU MAXIMIZE YOUR PRACTICE’S REVENUE?
While we think the medical world is complicated with human anatomy, various diseases, and several treatments, seldom do we, as a patient quantify the gravity of medical billing and coding. While a medical practitioner has a lot on their plate to ensure that every patient is dispensed quality service, to overlook the financial aspect of … Read moreARE YOUR CODING PRACTICES UP TO THE MARK?
While it might look easy, looking from an outsider’s perspective, and on the surface level, but one of the most back-breaking aspects of a healthcare organization is its revenue cycle management. You would say, how difficult can it be? A doctor providing treatment and patient paying the fees? But the revenue cycle is more intricate … Read moreRCM VULNERABILITIES: TIPS FOR EFFICIENCY
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
2018 was an overwhelming year for the US Healthcare RCM, to say the least. From CMS pressing on mass scale implementation of value-based care to the introduction of new bundled payment method BPCI Advanced, healthcare financial landscape saw the revolutionary transformation, which divided the industry experts into criticizers and appraisers of the same. The revenue … Read moreRCM 2019: WHAT TO LOOK OUT FOR?
Enforcing entire MACRA implementation is necessary to advance value-based care. Excluding providers from MIPS will only lead to lower payment adjustments for the healthcare practices and physicians providing quality based care to the patient, thereby defeating the purpose of value-based care. The aforementioned is a recent statement made by the AMGA with the intent to … Read moreMACRA MIPS: WHAT LIES AHEAD?