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It’s a story becoming more and more common, unfortunately: On May 19, Stephen Holder of Franklin, WI lost his job because of COVID-19. Not to worry. Four days later Stephen got an alert for for a remote position via CareerBuilder. Things were looking up! Or were they?
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The notion that AI will magically transform healthcare is a bit fantastical, but those who are not familiar with the technologies may imagine a machine replacing a physician or other healthcare worker completely. This misconception is common, and Healthcare IT News reports provides an interesting perspective from an expert panel during the HIMSS & Health 2.0 Europe Digital Conference.
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Revenue Cycle of the Future…something we have heard on several occasions. But what does it actually look like? In a recent article, HealthLeaders highlights a roundtable discussion sponsored by our friends at Waystar, bringing together a group of leaders in revenue cycle management to gather their thoughts on what they believe is important for the revenue cycle of the future.
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Rachel Woolley, global director of Financial Crime at Fenergo, tells FinTech Futures that penalties against financial institutions have come “fast and furious” over the past few years.
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OnPay Solutions President and CEO Neal Anderson minced no words in a recent interview with Pymnts.com wherein he discussed B2B payments fraud trends, including the growing threat of internal fraud. He went on to explain that organizations need to prepare themselves to address and mitigate the fraud threat, even as employees work from home.
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The healthcare industry is fraught with terminology that probably makes your head spin. Not only do you have to deal with the number of acronyms popping up each day, but for revenue cycle management, you also have to learn new terminology when it comes to technology. One of the questions we field on a regular basis: What is the difference between digitization and electronification?
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BG Motor Cars owner Noman Beg was on vacation when he took a look at his bank account — and noted, with considerable alarm, that a check had been written against his account for $33,525. Problem was, he had not written that check, nor did he foresee being able to cover it alongside normal expenses in the near future.
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Alpha Health recently released results of a national survey designed to examine and assess the impact of COVID-19 on revenue cycle operations at health systems and hospitals across the U.S. The survey was fielded between May 19, 2020 and June 22, 2020 among 587 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States. The survey has a confidence level of 95 percent with a margin of error of plus or minus 5 percent.
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In a summary of Mercator Advisory Group’s new Insight Summary Report, 2020 Small Business PaymentsInsights, COVID-19 and B2B Payments & Cards – The Result of the Pandemic, PaymentsJournal.com summarizes their findings.
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The “Check Clearing for the 21st Century Act,” also known as “Check 21” or “Check 21 Act,” launched on Oct. 28, 2004. Many are unaware that the terrorist attacks of Sept. 11, 2001—which grounded planes and caused major delays in check processing (preventing the transport of canceled checks to Federal Reserve banks)—was actually the event that spurred passage of Check 21.
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