Non-labor Cost Reduction Strategies that Healthcare
Non-labor Cost Reduction Strategies that Healthcare Organizations can Apply Right Now! (Part 1) In the healthcare ecosystem, non-labor expenses alone contribute to about 40% of the overall operating costs. There is a constant battle between labor and non-labor cost reductions and the evolving challenges in budget allocations that may lead to inefficient financial and operational […]
Creating effective digital patient journey framework
Creating effective digital patient journey framework is an important process…. In the COVID-19 era, care providers face added pressure including the limited resources, and financial challenges, among other priorities that need to be addressed. While meeting the evolving needs, there is also significant pressure to streamline workflows, stay compliant and connected—in delivering consistent, personalized and […]
Medicare Physician Fee Schedule: CMS Update
Medicare Physician Fee Schedule: CMS Update The Centers for Medicare & Medicaid Services (CMS) has recalculated the Medicare Physician Fee Schedule (MPFS) for the calendar year 2021, and has announced a 3.75% increase in MPFS payments. This update has been made, post the reversed rate cuts as part of the COVID-19 stimulus package in the final […]
Preparing for the New Normal: Healthcare Cybersecurity
Medicare Physician Fee Schedule: CMS Update According to the global healthcare predictions for the New Normal, the healthcare ecosystem will face increasing security challenges in terms of COVID-19 medicines, while data breaches are most likely to occur. 2020 has been a challenging year for the entire world, with significant additional responsibilities for the healthcare industry […]
Digital Care Coordination Solutions: Everything you need to Know
Digital Care Coordination Solutions: Everything you need to Know Digital transformation is leading the way across several industries including retail, consumer goods, and other sectors, However, healthcare has been slow in the adoption of digital technologies. Healthcare organizations are starting to realize the significance of adopting patient engagement strategies to achieve the holistic benefits of […]
Care coordination solutions can Accelerate COVID-19 Vaccine Rollout
Care coordination solutions can Accelerate COVID-19 Vaccine Rollout Let’s face it! Digital technology adoption in healthcare is not on par with the industry expectation, and this could be a major hindrance to achieving the desired immunity goals in 2021. The COVID-19 vaccine rollout is experiencing a high demand—highlighting the significance of the “last mile” in […]
Choosing the right vendor – How it Impacts your Financial Outcomes
Choosing the right vendor – How it Impacts your Financial Outcomes Choosing the right vendor – How it Impacts your Financial Outcomes Creating positive patient financial experiences, while realizing your desired revenue goals are two of the healthcare RCM process’s primary objectives. Furthermore, the global healthcare revenue cycle process has garnered greater attention and significance […]
COVID-19 Vaccine Coding – The Ultimate Guide
Choosing the right vendor – How it Impacts your Financial Outcomes Choosing the right vendor – How it Impacts your Financial Outcomes The COVID-19 Vaccine approval means that Hospitals and Practices would need to revisit their medical coding strategies to stay on top of the vaccination initiatives. The U.S Food and Drug Administration (FDA) announcement […]
Accelerating Outcomes in the World of Value-based Care
Accelerating Outcomes in the World of Value-based Care The paradigm shift to value-based care has fostered tremendous changes in the entire healthcare ecosystem. The initial phases of value-based care had care providers working towards achieving their clinical and financial goals. However, evolving value-based care models factor in a broader spectrum of the healthcare ecosystems including […]
Bundled Payment Solutions – Driving Patient Financial
Bundled Payment Solutions – Driving Patient Financial Experiences and Delivering Value Bundled Payments are immensely altering the ways in which care is delivered. Bundled payments in healthcare is a patient-centric model that unlocks new potential—bringing value to patients whilst broadening their horizons. It additionally reduces cost, redefines provider strategies and elevates the overall patient care and […]