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 […]
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 […]
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