Revenue Cycle Management
Sunny Grewal, co-founder and COO of startup OMNY Health, whose distributed ledger tech was the top pick at the "Shark Tank"-like competition, explains the untapped value of supply chain data.
It will add Simplee's financial engagement platform to its revenue cycle portfolio and incorporate its billing tools into its consumer-facing technology.
The number one recommendation is to know all of the touch points for data: how it comes in, how it's used, where it's stored and how it goes out.
Users can search for the price of a procedure at providers in their area and then book an appointment through the app.
Increasing government spending is partially driving the market's growth, along with initiatives to encourage adoption of third-party solutions.
The performance is being driven largely by solid expense management during a period of increasing patient volumes.
A new study from the company explores the ways its algorithms can be put to work improving risk scoring and stratification and enhance value-based care initiatives.
The number one strategic focus, increasing ambulatory access, topped the list in 2017 and again for this latest survey.
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11:05 am |
June 12, 2019
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11:05 am |
June 12, 2019
In an ideal scenario, a patient who cannot pay the medical balance in full inquires about payment options and agrees to "opt-in" to a program.
High-deductible plans have made patients major payers of their healthcare, putting a strain on providers dependent on this out-of-pocket revenue.