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Upgrades … you know you should complete them, but sometimes they sink to the bottom of your to-do list — not because they aren’t necessary, but because you’re worried about the time and resources required. The problem is, if you put them off too long, you open your systems up to potential – and significant
And yes, the percentage is important, but the true cost of a solution can go much deeper. I see practices lose huge amounts of revenue because of not fully reworking claims denials, regulations are changing, and offshoring billing is no longer allowed in some jurisdictions.
Medical providers took a financial hit when the world shut down and fewer patients scheduled routine care and procedures. The New England Journal of Medicine evaluated one of the longest-running value-based care arrangements and found that: The American Medical Association says doctors aren’t “ethically required” to take on every patient.
Appeals and grievances departments work diligently to maintain compliance, keep up with regulations and serve members. However, with large caseloads and many moving parts, manual processes often open up potential risks. As a result, many are turning to data-driven compliance and process automation to mitigate that risk.
RPA in healthcare helps solve this problem and is directly linked to higher profits, according to a recent survey by Frost & Sullivan.
Research shows that most practices (about 75%) use an EHR.
