Payers & Providers

Everything You Need to Know about Healthcare Accounting for Hospitals and Healthcare Providers

Most people associate healthcare with the work of doctors, nurses, lab technicians, and other professionals in the medical field. But the full continuum of healthcare also involves its business side, including financial matters. Hospitals and other healthcare facilities need to generate revenue, manage their financial resources, and maintain transparency and accountability within their administration systems

[ Read More ]

5 Transparent Approaches to Patient-Provider Interaction

Transparency is something valued in any business. Consumers want to know exactly how much they are paying for the products or services you provide, have channels to contact you in case of doubt or give feedback easily, and want to be answered quickly. It’s no different in the healthcare business. But healthcare providers cannot always

[ Read More ]

6 Data Security Tips for Healthcare Providers

It is crucial that you look after patient data as if it were your own when you are a healthcare provider. This is some of, if not the most sensitive data an individual possesses. With that in mind, below are 6 important data security tips for healthcare providers.  Source: https://pixabay.com/illustrations/computer-circuit-board-cpu-security-6560745/ Educate your employees on how

[ Read More ]

How Providers Grow Revenue Without Compromising Patient Outcomes

When it comes to providing and receiving healthcare in the United States, cost means everything. Providers, payers, and patients are all motivated by price. Some claim it’s a good system, others say otherwise, but until a replacement arrives, it’s the only one available. With this in mind, providers need to find ways to grow revenue

[ Read More ]

How Does Outsourcing Payment Posting Services Add Profitability to Your Medical Business?

The success of a healthcare business depends on the complete set of multiple tasks including patient care and medical billing.  Payment posting is the final but most crucial step in the billing process. A slight error in this process can put your entire revenue cycle at risk. This task cannot be performed easily by just

[ Read More ]

HIPAA Privacy Rule Waiver and What it Means for Health Providers

The COVID-19 pandemic caused many changes in our society and the policies. U.S. healthcare system had to adapt to the new reality by restructuring several aspects of its operation, including the nation’s most crucial health privacy law, the Health Insurance Portability and Accountability Act (HIPAA). HIPAA was designed back in 1996 to improve the nation’s

[ Read More ]

The Evolution of Provider-Led Health Plans in 2020 and Beyond

In a pre-pandemic world, providers and payers were proceeding with their usual pace toward value-based reimbursements. With a steadily-growing patient volume and broad health insurance coverage options, providers had the option of implementing value-based payment models with any number of insurance companies. Over time, providers began to explore the benefits of integration and in some

[ Read More ]