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Telehealth Here to Stay, & Bringing Financial Boon

Healthcare

It is no secret to health clinics and medical groups that Telehealth has been a financial lifeline in 2020. And while much of that has stemmed from relaxed regulation and reimbursement expectations for COVID-19, it is also presenting a compelling argument for long-term financial strategy and sustainability. Having already garnered favor and use, Telemedicine in the United States is rocketing toward a $20B valuation this year, with steady growth expected for years to come as well.

Our Commitment to Reinforcing Healthcare Progress

Healthcare, Lifescience

Today is an important day as I proudly announce the launch of Healthcare Triangle, Inc. Healthcare Triangle or HCTI will create an unshakable system that empowers providers, payers, and the life sciences industry to deliver the best outcomes through breakthrough technology and healthcare know-how.

The Money Is Out There

Healthcare

It’s no secret the financial wellbeing of healthcare entities has plummeted with decreased patient service revenue amidst COVID-19.

Insights from the 2020 MEDITECH Nurse Forum

Healthcare

Focus on Managing Care in Era of COVID-19

The MEDITECH Nursing Forum consisted of three days of virtual sessions rather than an in-person forum due to the COVID-19 pandemic. It was announced that at one time there were 799 people watching a virtual session, which is much higher than previous years with in-person forums. Just as the in-person session, each day consisted of a keynote speaker, discussion panels, education demonstrations and great information about new and upcoming MEDITECH innovations.

Supply Chain Optimization

Healthcare

Supply chain improvement in the healthcare setting since the turn of the century has proven to be a major opportunity for organizations looking to reduce cost and improve efficiency. Through clinically integrated network arrangements, vendor consolidation, and other contracted partnerships, significant economy of scale, financial, and logistical benefits have been realized.

Revenue Cycle

Revenue Cycle Automation & Efficiency

Healthcare

This is the last component in my #returntorevenue series, highlighting the steps necessary to expeditiously trend up your financial health in light of COVID-19. This final step is arguably the most important. You can take all the right strategic and operational steps in the world but if your technology, your EHR, your core revenue processing mechanisms and staff aren’t aligned, you’ll inevitably see and experience subpar results. The simple fact is, there are things you should have done yesterday, things you should be doing right now, and things you’ll need to continue to do, monitor, and improve in the future.

Plan Now for New Electronic ADT Notification Requirements

EHR, Healthcare, Uncategorized

New Requirements

The Centers for Medicare and Medicaid Services (CMS) final Interoperability and Patient Access Rule creates a new Condition of Participation (CoP) that requires hospitals, psychiatric hospitals, and Critical Access Hospitals to share electronic Admission, Discharge, Transfer (ADT) event notifications with other providers and systems so that providers including post-acutes have at their disposal the most up-to-date and accurate information about their patients as it relates to admissions and ED visits. The compliance requirement goes into effect May 1, 2021 and CMS will begin enforcement of the requirements on July 1, 2021.

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