Business
All You Need to Know About Revenue Cycle Management in Healthcare Industry
In the increasingly complex healthcare industry, efficient revenue cycle management is essential to optimize payment and maximize profits. Revenue cycle management refers to the management of the financial processes that involve healthcare providers to manage revenue from patients, insurers, and other third-party payers. It encompasses the entire healthcare process from initial patient registration to final…
Read MoreTips for Physicians: Strategies to Encourage Patients to Pay Medical Bills On Time
Doctors spend most of their time and energy in diagnosing and treating their patients. However, when it comes to payment, it can get frustrating for physicians when patients don’t pay their medical bills on time. Unpaid medical bills can add up fast, leading to cash flow issues, low revenue, and mounting administrative work. Physicians now…
Read MoreData Analytics: The Future of Healthcare
The healthcare sector is becoming increasingly more data-driven, with data analytics playing a major role in improving healthcare service delivery and patient outcomes. Data analytics tools help physicians better understand the changing health needs of their patients, identify areas for improvement within their practice, and make informed decisions to improve patient care. Let’s take a…
Read MoreMillions Face Medicaid Loss When COVID PHE Ends
The COVID Public Health Emergency (PHE) ends in mid-May and could adversely impact healthcare insurance for millions of Americans. The PHE extended Medicaid eligibility allowing millions to receive healthcare insurance. However, a little-publicized change about the PHE ending is that roughly 18 million will lose their Medicaid coverage. As of April 1, 2023, states…
Read MoreOver 500 Healthcare AI Algorithms Now Approved by FDA
The FDA recently announced that more than 520 FDA-approved artificial intelligence (AI) medical algorithms are now available in the United States. AI algorithms in medicine are not new — the FDA approved the first AI algorithm in 1995. Growth was slow over the next 18 years. AI usage has dramatically risen in the last decade,…
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