Medical Lockbox
In the era of the coronavirus pandemic, it’s more important than ever for revenue cycle management to operate at maximum efficiency. Many practices are facing economic uncertainty and cannot afford any additional fiscal leakage. Indeed, as recently reported by Healthcare Finance News, waste and inefficiency can be a killer in this environment. How much waste…
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The world continues its effort to flatten the curve of the coronavirus pandemic. Governments have issued stay-at-home orders and have temporarily closed locations of nonessential businesses. PricewaterhouseCoopers recently released survey results that indicate pessimism among CFOs of healthcare organizations and other major companies regarding the impact COVID-19 will have on their bottom lines. As reported…
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OrboNation readers are well aware of the value Artificial Intelligence has in Revenue Cycle Management. Still, as reported by RevCycleIntelligence.com, a recent Black Book survey of C-suite executives found less than half (44 percent) of healthcare organizations already use AI in some form or another. On the other hand, 88 percent anticipate widespread implementation within…
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If you are a revenue cycle management professional, then you are most likely familiar with the Council of Affordable Quality Healthcare or CAQH — a non-profit alliance and leader in creating shared initiatives to streamline the business of healthcare. CAQH is at it again, actively tweeting to distribute findings from its 2019 CAQH Index on…
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One of the primary topics scheduled to be covered at this year’s HIMSS20 was — no surprise – the use of Artificial Intelligence in modern healthcare administration. However, the “surprise” came a week ago when HIMSS20 was cancelled due to the coronavirus pandemic — a wise move given the emerging nature of this worldwide medical…
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A key component in the fight against the Coronavirus pandemic appeared on March 13, as a new CPT® code — 87635 — streamlining novel coronavirus testing offered by hospitals, health systems, and laboratories in the United States. The American Medical Association provides details on utilizing the new CPT ® code: The full CPT code description…
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Pymnts.com’s Karen Webster interviews Ingo Money CEO Drew Edwards about the world of instant disbursements, and whether their popularity heralds the possibility of eliminating checks in the healthcare spectrum. Their primary conjecture: At the dawn of a new decade, healthcare stands poised to embrace digital payments. Mr. Edwards states that when customers are given a…
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Over the past decade, we have seen a tremendous evolution in healthcare, particularly in healthcare payments and revenue cycle management. But how far have we come since 2014? In 2014 we sat down to talk to Mark Brousseau, President of Brousseau & Associates, to get his perspectives on the challenges and opportunities facing healthcare payments…
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Introduction to the Nashville Health Care Council and their events OrboGraph’s participation in the Nashville Health Care Council Summary of the “Wall Street’s View on Prospects for the Health Care Industry” event Nashville is known as the health care capital of the United States — it is, after all, the location for headquarters of 18…
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MIT Sloan Management Review and Boston Consulting Group recently collaborated on a white paper exploring AI as a tool entitled Winning With AI (you can download the paper HERE). Subtitled Pioneers Combine Strategy, Organizational Behavior, and Technology, the white paper is a nice encapsulation of their global survey. Conducted in Spring 2019, the survey attracted…
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