The COVID-19 pandemic has upended the healthcare industry as we know it. From ramping up staffing and equipment to redirecting resources, hospitals are doing everything they can to address the spike in healthcare demand and maintain pre-pandemic levels of service quality. But the reality is they continue to grapple with
COVID-19 has changed how businesses operate as people are compelled to work from home.
The last decade has seen a seismic shift in the healthcare industry
The COVID-19 pandemic presents unprecedented financial challenges to the healthcare industry. It poses a substantial burden on an industry already struggling with multi-faceted challenges – changing patient expectations, shifts in financial responsibility, increasing ecosystem complexity, and growing demands for robust health infrastructure. All key industry players- Hospitals, Physician groups, Health
Cost-effectively and consistently improve your provider data accuracy with Firstsource, and reduce the cost, risk and complexity across departments and systems. Enhance member and provider satisfaction, and grow claims auto-adjudication rates.
The traditional physician credentialing process is long and arduous, taking anywhere between 60 to 90 days, given the level of diligence required when appointing front-line healthcare service providers. Reviewing lengthy applications, conducting background checks, validating licenses and certifications, cross-checking peer references – all of it takes time but is critical
The traditional denials and appeals (D&A) management process continues to labor under the twin burden of growing costs and complexity. Ongoing reliance on paper records and manual processing not only costs hospitals and patients time and money but also impacts customer experience. Studies show that an average of 63% of
Administrative operations are the backbone of any successful organization, including hospitals and healthcare institutions. However, manual Provider back-office operations overload employees with tedious, time-consuming, and never-ending processes. Operational processes such as scheduling appointments, processing insurance claims or submitting a prior authorization, are not only physically straining the hospital administrative staff
How Healthcare Providers can use automation to meet CMS price transparency quickly and cost-effectively Centers for Medicare & Medicaid Services (CMS) has mandated that hospitals meet price transparency requirements by January 1, 2021, for 300 commonly shopped services. To comply with this requirement, adapt, and respond to highly likely changes
How Providers can enhance patient care by accelerating eligibility & insurance verification 2020 has been an unprecedented year for healthcare professionals and service providers. The global pandemic has put a substantial burden on the industry, which is already falling short of patient expectations, crippled with staff shortages and a growing
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