The field of medical coding is one of the most critical and complex areas in the healthcare industry. Accurate coding is essential for several reasons, including ensuring proper reimbursement for healthcare providers, facilitating efficient revenue cycle management, and maintaining compliance with federal and state regulations. However, despite its importance, medical coding can be a challenging […]
Fast Healthcare Interoperability Resources (FHIR) is a revolutionary new standard for exchanging healthcare information electronically. Developed by Health Level Seven International (HL7), FHIR is designed to make it easier for healthcare systems to share data and improve the quality of care for patients. This standard is based on the latest web standards and technologies, making […]
The practice of managing the financial aspects of patient care is known as revenue cycle management (RCM), and it is a crucial part of the healthcare sector. RCM aims to make sure that healthcare providers are promptly and effectively compensated for the services they render. Patient registration, appointment scheduling, claims submission, payment processing, and patient […]
Technology can play a significant role in improving the patient’s financial experience in the healthcare industry. It can provide patients with easy access to their healthcare facilities, medical billing, insurance for making payments, and a simple process for healthcare organizations. Additionally, they can offer patients personalized cost estimates and financial assistance options, helping to reduce […]
Healthcare Fraud, According to NHCAA financial loss due to healthcare fraud is billions of dollars. Approximately 3% of total health care expenditures, while some government and law enforcement agencies place the loss as high as 10% of our annual health outlay. Fraud in Revenue Cycle Management (RCM) is a significant concern for healthcare providers and […]
The Payment Card Industry-Data Security Standards (PCI DSS) include a set of security standard guidelines to ensure all companies that accept, store, process, or transmit credit card data maintain a safe payment environment. Compliance with these standards is mandatory for all merchants and service providers that accept credit card payments. This blog will provide a […]
In the healthcare sector, many manual processes and decisions depend on the precision of healthcare data. For instance, patient onboarding in the organization, follow-up appointments, reports & prescription storage, medical billing, and claims management are a few data-intensive processes in a healthcare system. Considering these factors, Robotic Process Automation (RPA) can benefit the industry by […]
Artificial Intelligence (AI) has been accelerating the life-sciences industry by making scientific breakthroughs over a few years. AI has successfully overcome significant challenges in organizing all the data systematically and using it at its potential to develop extensive healthcare information. Starting from integrating human health data and segregating clinical records to improve research. Smart technologies […]
The new reality of the telehealth system has significantly affected the healthcare industry as patients prefer video visits over physical visits. The demand for virtual healthcare has encouraged organizations and healthcare systems to provide telehealth services via virtual mediums such as audio/video systems or telehealth platforms. Many healthcare providers are concerned about the revenue with […]
The basic premise of search engine reputation management is to use the following three strategies to accomplish the goal of creating a completely positive first page of search engine results for a specific term…