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...
3 ways cloud computing solutions are improving healthcare in the US
Cloud computing is an important step of the ladder towards the next wave of digitization. It has impacted different areas of our lives, and healthcare is not an exception. The cloud has been used to run critical applications; the cloud has helped scale the management process to a whole new level. With many new inventions on the board, the healthcare cloud solutions are helping healthcare improve and improvise for 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.
The Transformative Effect of Healthcare Software Development
Digitization has revolutionized the way we work and organize. It has accelerated the pace of operations across every industry. When it comes to healthcare, software has digitized many workflows in clinical activities, research, as well as patient engagement. The growth of healthcare software development has ushered in waves of innovative applications that have helped clinicians deliver better care and for patients to have a good medical experience.
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.
Remote Patient Monitoring Can Help Contain the Growing Epidemic of Chronic Diseases
It is estimated that more than 40% of Americans suffer from at least one chronic disease. Many of them even suffer from more than one. Furthermore, experts estimate that the cost of chronic diseases, including the healthcare cost and the loss in economic productivity, to be approximately $3.7 trillion each year. Specialists in public health concur that this is a genuine healthcare crisis in the country.
