Management

5 Common Patient Collections Mistakes – Are You Guilty of One or More?

By orbograph / July 19, 2018 / 0 Comments

Becker’s ASC Review offers a concise guide to some of the most common patient collections mistakes made by Healthcare providers. In a healthcare environment that is becoming more and more “retail” and dependent upon the patient’s financial responsibility, it’s critical to lock down the basics of patient billing and collections, from beginning to end. Patients…

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The Promises of AI & Advanced Analytics

By orbograph / July 6, 2018 / 0 Comments

Healthcare IT News reports communicates an AI and analytics path for healthcare organizations, but as you read, there is a bit of a paradox at work… Expect next-generation revenue cycle management systems to boast quite advanced analytics, said Kellye Sherbet, president of RCM services at Aprima Medical Software, which markets EHR, practice management and revenue…

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Healthcare Layoffs Highlight New Industry Realities

By orbograph / June 1, 2018 / 0 Comments

We’ve talked in this space about the wave of healthcare consumerism and “value shopping” that is becoming the new industry reality. Now we’re seeing some of the more dramatic results of that transition. General Hospital of Lowell, Massachusetts, laid off 29 managers and non-clinical administrative employees in an effort to cut expenses, reports The Lowell…

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Message to Small Banks: Tech is a SOLUTION, not a PROBLEM

By orbograph / May 23, 2018 / 0 Comments

Small banks are at a crossroads: adopt new technologies or face the possibility of shutting the doors. According to Americanbanker.com: For community banks in highly competitive markets, service with a personal touch can be a differentiator to win and keep customers. But when legacy technology hampers the customer experience, all the cups of coffee in…

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healthcare payment solutions

Healthcare is Getting More and More “Retail.” Are You Ready?

By orbograph / April 27, 2018 / 0 Comments

While “Healthcare Consumerism” is a trend we’ve made note of previously, you’re probably aware that the Centers for Medicare and Medicare Services (CMS) is requiring hospitals to post a list of their standard charges online — just the beginning of the push for increased healthcare price transparency, according to CMS’s Administrator Seema Verma.  Think about the…

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Tax Refund Season Means Jump in Medical Payments

By orbograph / April 20, 2018 / 0 Comments

A report from JP Morgan Chase Institute (JPMorgan is part of a new healthcare venture announced with Amazon and Berkshire Hathaway) notes that many Americans wait for their tax refund to make payments against medical bills. The report looked at 1.2 million American households in different income and demographic groups that received tax refunds in 2016,…

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RemoteDepositCapture.com Is At It Again!

By orbograph / April 10, 2018 / 0 Comments

RemoteDepositCapture.com creates one featured poll question per month on RDC-related topics. If you’re at all interested in check processing [who wouldn’t be, right?], then we invite you to visit their site and register your input. While you’re there, it’s well worth signing up for their newsletter so you can get poll results regularly. This month’s featured…

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“Healthcare Consumerism” – Price Transparency Matters!

By orbograph / April 6, 2018 / 0 Comments

A new brief from Rice University’s Baker Institute for Public Policy makes it clear that providers should prep their practices for a far more “retail” model – – the rise and permanence of healthcare consumerism. Anaeze C. Offodile, II, MD, MPH, of the University of Texas MD Anderson Cancer Center, and Vivian Ho, PhD, the James…

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5 Strategies to Grow Your Organization’s Financial Muscle

By orbograph / March 9, 2018 / 0 Comments

Value-based health care is around the corner — or are we supposed to be already living it?  The uncertainly in the health care world today has caused many healthcare organizations to slow or stall their efforts to prepare for risk-based medicine. A Deloitte survey found more than 80 percent of physicians still received compensation under fee-for-service…

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Report: Big Revenue Cycle Investments for Services Ahead

By orbograph / February 2, 2018 / 0 Comments

A new report from Future Market Insights has predicted that the global market for healthcare revenue cycle management software will reach $ 43.3 billion by the end of 2022. The global healthcare revenue cycle management software market is projected to soar at a compound annual growth rate of 6.9 percent during the 2017-2022 forecast period. Healthcare IT News analyzes…

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