Utilizing Healthcare Analytics to improve better performance in Healthcare Sector


Big data analytics is changing how businesses operate across a wide range of sectors through the Integration of Healthcare Analytics.

Healthcare analytics is the process of analyzing data using statistical and predictive approaches to discover insights and correlations in the data – to gather, manage, analyze, interpret, and transform data into reliable, relevant, and accurate data.

Medical institutions all across the globe are under tremendous pressure to save resources, enhance coordination and performance,...

Healthcare EDI – Importance and Benefits

Healthcare EDI (Electronic Data Interchange) has been used for decades. Payers use healthcare EDI to determine healthcare coverage and verify benefits. EDI is as important as several other data exchange formats in the healthcare industry. Healthcare EDI has transformed the healthcare industry, manufacturing, and supply chain.

So what is healthcare EDI?
Healthcare EDI is a way for healthcare organizations to exchange data to and from external systems and entities. Instead of preparing such data manually and risking...

Things to Look Out For When Investing in a Hospital Management System

The larger a hospital gets, the more the number of services it is likely to offer. It invariably means more medical staff, more administrative staff, a greater volume of patients, more data, and more management burden. A hospital management that is at least moderately large is bound to have its testing and imaging facilities, the results of which need to be compiled appropriately.

In light of this, using a...

Healthcare Automation Can Improve Patient Engagement

Healthcare usually involves patients going to a doctor for consultations, the doctor examining them, and finally prescribing treatment. In the midst of the clinical visit, the patients generally ask some questions about their condition, which the doctor answers. After the consultation, the patients leave the clinic and go their way. In other words, this type of care has a uni-directional flow where the doctors speak and the patients listen. But real care begins after the...

Is Revenue Cycle Management Software A Mandate For Healthcare Providers?

Revenue cycle management is a two-way process offering providers with seamless reimbursements and patients prompt care. It is eminent for any healthcare entity and should be streamlined using the best digital tools of the technical world.

What is revenue cycle management?
The process includes conceptualizing a strategy to manage the healthcare revenue cycle clinical and administrative functions. It conjures several terms such as appointments, invalid deductions, billing systems, remote patient care, patient data, and much more when related to healthcare providers. Starting from a single call for the appointment, the cycle revolves around certain steps and concludes when the payments have been closed for the treatment. The main goal of managing revenue is to identify any loopholes in the entire cycle. When done properly, revenue cycle management can help maximize claims and enhance return on investment.

Source:

https://www.osplabs.com/medical-billing-solutions/revenue-cycle-management-software/