Today, it is widely accepted that decision-making precision can best be accomplished with accurate and timely data analytics. Seemingly every day, new technologies and methodologies are introduced promising data analytics nirvana, for any number of use cases.
Today, a growing number of customers, shareholders, and employees want to buy from, invest in, and work for companies that instill social and environmental responsibility into every aspect of their products and services, as well as generate a measurable positive impact. In this light, business decisions that are singularly focused on financial gains leave substantial social and environmental value on the table. They also introduce the multi-faceted risks of inaction.
Consider a situation where healthcare is not just an industry term- a situation where EHRs are not an integral part of physicians schedule but just a support to providing care. All considered, imagine a situation where patient-centric care actually involves the patient, and patient engagement is not just a buzzword but a reality. Unfortunately, all these imaginations were supposed to be a reality, but still, healthcare managers and organizations are struggling with the problems such as the lack of patients’ adherence to medication, varying trends in the population health, and a lot more. Patient populations, nowadays, expect the same on-demand delivery convenience from the healthcare organizations as they get from the other companies like Netflix.
Since the 1990s, the internet has become a staple in most Americans’ lives for personal communications and commercial transactions. Most businesses of any size advertise their products and services online, and organizations across all industries increasingly are engaged in some form of e-commerce, including various types of electronic bill presentment and payment. This phenomenon is not limited to just retailers, either. Insurance companies, healthcare organizations, banks and other financial institutions also rely on electronic communication channels for initial outreach, customer onboarding and retention, invoicing and billing, correspondence, etc.
Data and analytics have always been central to healthcare. Now, however, a major shift in how data is generated, aggregated and used is underway. The shift promises to turn data into the equivalent of a new performance enhancing drug, powering the industry towards evidence-based care and new outcome-based healthcare business models.
This article explains the four models for pricing of medical billing services and the things healthcare organizations need to consider in evaluating the price.
Patient safety is one of the leading concerns within the healthcare industry worldwide. There are 440,000 preventable adverse events that contribute to patient deaths in U.S. hospitals every year, making preventable diseases the third leading cause of death behind heart disease and cancer. Additionally, approximately one in 10 hospitalized patients experience harm due to medical errors, and of those one in 10, at least 50 percent were preventable medical errors. Decreasing medical errors and improving patient outcomes are key priorities for people across the healthcare industry, but reaching these goals has proven to be an ongoing challenge.
LTC Properties, Inc. announced recently that senior management will participate in the Mizuho Global REIT/Real Estate Conference in New York and the JMP Securities Boston Real Estate Forum in Boston.
InnovoCommerce, www.innovocommerce.com - makers of the only clinical and safety document exchange system deployed by multiple global pharmaceutical companies, recently announces a partnership with Exostar, the leading provider of identity management solutions for the life sciences industry.