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IBM Announce Blockchain Collaboration in Health Care with Anthem and Aetna

A healthcare Blockchain collaboration has been announced by IBM with Anthem Inc. and Aetna. The aim of this collaboration is to produce an ecosystem based on Blockchain that aids the health care companies to increase transparency and to help them in the exchange and use of information. This collaboration will also allow these companies to …

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Six Fundamental Revenue Cycle Management Metrics

Revenue cycle management is important because it lets you keep track of claims processing, payment and revenue generation. If you do not want to lose revenue, it is essential to track revenue cycle management metrics, as every dollar lost can cause more adverse impact than you expect. 1. Gross Collection Percentage: This is the difference …

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Poorly Designed EHR Systems are the Major Cause of Physician Burnout

Poorly designed EHR systems have been a major cause of physician burnout. Also, these digital reports are of little use and hamper patient’s care. Physicians have been facing burnout epidemic and are 15% more likely to face burnout symptoms than other professionals. This article will examine several analytics and statistics to lay out some recommendations …

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Nine for ’19: Financial Steps You Should Take Now

It’s the beginning of the new year, and hopefully by now you would have sorted out your new year resolutions. Whether you’ve done so yet or not, one of most important resolutions to make for the new year should be to take better steps towards financial build-up. It should be about balancing your earnings, expenditures …

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Has US Health Care Spending Finally Stabilized? An Outlook for 2019

According to the official 2017 statistics from the U.S. Department of Health and Human Services (DHHS), the yearly health care spending growth rate has been decreasing and is at 3.9%, whereas it was 4.3% in 2016 and 5.8% for 2015. The current rate has been the lowest since 2013. However, the downside is that the …

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Recession Preparation for Physicians

Both the political and economic global landscape has been extremely turbulent and unstable lately. As a result, it’s anticipated by many that either the economy will slow down or there will be another recession, neither of which sounds ideal. However, it’s important to realise that at this point, it’s possible to soften the blow of …

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Ransomware Corrupts 24,000 Patient Records of California Specialist

The Podiatric offices of specialist Bobby Yee were hit by a ransomware attack that potentially tampered the medical records of roughly 24,000 patients. Ransomware is a specific type of malware that can encrypt files and “hold them hostage”, where the victim has to pay a fee in order to regain access to their files. Choosing …

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HHS Releases Best Practice Healthcare Cybersecurity Guidelines

Cybersecurity guidelines were issued in a 4-volume report by The Department of Health and Human Services. It was published under the name ‘Health Industry Cybersecurity Practices: Managing Threats and Protecting Patients’ and it outlines the voluntary measures and practices that the healthcare sector can adopt in order to minimise security risks and bolster their own …

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10 Predictions for Healthcare IT in 2019

The IDC or International Data Corporation is an entity that works with analysts to provide advice on market intelligence and serves to identify trends on a global scale. Not too long ago, they released a report that discusses their predictions for Healthcare IT in 2019. In this report, analysts assess which outcomes are most likely …

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