Unethical and Fraudulent Medical Billing Practices Are Costing Billions

Last year over 600 individuals were charged for healthcare fraud schemes in the United States involving over $900 million false and unethical medical billing practices. There is no end to it, every year a huge number of medical practitioners are accused of healthcare frauds worth billions. Basically, frauds in the health care industry are no …

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What Are the Benefits Of Electronic Health Records For Patients

Electronic health records are beneficial in numerous ways. Both large and small physician practices are rapidly switching to electronic health records from paper charts. With the implementation of the electronic health record system, it becomes easier for healthcare providers to manage patient records and optimize their clinical processes. Besides, some simple benefits such as easier …

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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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