Healthcare Industry
Sometimes it’s instructive to remind ourselves just how “different” the world of health care payments can be. Consider Dr. Andrew L. Pecora’s Starbucks metaphor in an article entitled The Quirky Way Physicians Are Paid: Imagine a hypothetical board meeting at Starbucks Corporation where a newly hired CEO tells the board how he intends to increase same-store…
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The Trends in Healthcare Payments Seventh Annual Report: 2016, available for free download – offers a look at how delaying the inevitable electronification of payments at all levels of healthcare transactions is costly on many levels to healthcare providers. Consider the following facts from a post at at AJMC: 88% of providers reported that they received…
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Attendees at the Becker’s Hospital Review 3rd Annual Health IT + Revenue Cycle Conference in Chicago were treated to a panel of healthcare heavyweights discussing revenue cycle performance. The distinguished group included Vice President of Revenue Cycle Management at San Diego-based Sharp HealthCare Gerilynn Sevenikar; Vice President of Product Management and Revenue Cycle Analytics at…
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Overcoming the challenges of EDI adoption with electronification of EOB/EOPs Billerica, MA, October 19, 2017 – OrboGraph, a premier developer and supplier of intelligent electronic/paper automation solutions in healthcare revenue cycle management (RCM), as well as recognition solutions, image validation and check fraud detection for the U.S. check processing market, was recently profiled in the…
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Becker’s Hospital Review links to a neat and tidy summation of a comprehensive Deloitte report that examines the digital hospital of tomorrow. As we’ve discussed in this space previously, blockchain technology is poised to boost hospital operations in the foreseeable future. The three takeaways Becker’s extracted from the report in terms of specific ways blockchain tech…
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A deep dive into revenue cycle issues in an article by Healthcare Informatics reveals a need for scale and cost reduction through process automation. “Commercial payers want more automation. The biggest movement we’ve seen in the past 12 months is a willingness to move ahead with electronic processing for pre-authorization for service. More recently, we’re seeing…
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RevCycleIntelligence reported on a Black Book Market Research survey that revealed a resurgence of focus on the revenue cycle by hospitals: Almost three-quarters of struggling hospitals are prioritizing revenue cycle management over a number of initiatives, including population health, data analytics, physician practice acquisitions and recruitment, and patient engagement. The survey of over 6,000 financial and business…
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If you’re going to the Becker’s Hospital Review 3rd Annual Health IT + Revenue Cycle Conference next week in Chicago, better brush up on the top industry topics. Check out Becker’s Hospital Review list of 25 things to know about revenue cycle management. The article was written in January, but still highly useful as it’s interesting to see…
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A recent report available for purchase from Forrester Research (and summarized at Healthcare It News) says that healthcare specific developments from cloud service providers are in the process of ending the “dark ages” of health IT. From the report: The enterprise health cloud market is growing in large part due to healthcare CIOs increasingly realizing that…
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Healthcare costs are skyrocketing and paper remains an obstacle to electronification — but, even with all that, the August CIO Applications publication (see electronic versions here) highlighted OrboGraph as a Top 25 Healthcare Technology Solution Provider for 2017! The magazine highlighted the OrboAccess cloud-hosted platform solution, which not only intercepts the paper but also streamlines the overall…
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