Texas Region Biotech Networks’ Post

Rising Costs of Healthcare: Financial Implications for Providers and Patients 💸🏥 ✅ Address Rising Drug Prices Drug costs continue to climb, affecting both providers and patients. Healthcare systems need strategies to manage expenses without sacrificing care quality. #RisingDrugCosts #HealthcareFinance ✅ Control Administrative Costs With rising billing and coding expenses, streamlining administrative functions through technology can help reduce unnecessary financial strain. #HealthcareAdmin #CostEfficiency ✅ Adjust Financial Plans for Providers Healthcare providers must adapt to rising operational costs while maintaining patient care. Reassessing financial strategies, including cutting unnecessary expenditures, is key. #HealthcareProviders #FinancialChallenges ✅ Tackle the Impact on Patients As patient out-of-pocket costs rise, healthcare organizations should consider flexible payment options to alleviate financial stress. #PatientImpact #AffordableCare ✅ Focus on Operational Efficiencies Embracing cost-effective technologies and optimizing operational processes can mitigate rising healthcare costs and improve financial health for providers. #OperationalEfficiency #CostReduction 📩 https://lnkd.in/d4RcgYUD

𝐂𝐨𝐯𝐞𝐧𝐚𝐧𝐭 𝐇𝐞𝐚𝐥𝐭𝐡 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐬 𝐂𝐚𝐫𝐞 𝐰𝐢𝐭𝐡 𝐎𝐫𝐚𝐜𝐥𝐞 𝐇𝐞𝐚𝐥𝐭𝐡 🌟💉 Covenant Health is taking patient care to the next level by leveraging Oracle Health to improve operational efficiency and elevate the patient experience. This integration ensures that healthcare providers have instant access to critical data, streamlining workflows and enabling more informed decision-making. Oracle Health's advanced analytics and seamless data-sharing capabilities allow Covenant Health to reduce administrative burdens, so providers can focus on what truly matters—delivering exceptional care to patients. From optimizing appointment scheduling to ensuring accurate medical records, Oracle Health is transforming the way healthcare is delivered. Discover how Covenant Health is leading the way in modern healthcare by prioritizing efficiency and patient satisfaction through cutting-edge technology. #OracleHealth #HealthcareInnovation #OperationalEfficiency #PatientCareRedefined #YalloOracle Credit:- https://lnkd.in/g4sR-Bz3

"Optimizing healthcare organizations through revenue & cost transformation." Neolytix offers management solutions to optimize revenue and reduce costs for healthcare providers. Their services include revenue cycle management, medical billing, credentialing, and digital health solutions to ensure operational efficiency and growth. Learn more: https://neolytix.com/ #HealthcareManagement #MedicalBilling #SoHCSpotlights

The HTI-2 proposed rule contains a requirement that Certified EHR Technology (CEHRT) include capability for FHIR-based Subscriptions ("Pub/Sub"). This is a big deal because Pub/Sub allows a push of FHIR data from the EHR for clinical and administrative events that you care about. Making it part of CEHRT ensures that the technology will be available from major EHR vendors within the timelines the final rule specifies. - This will be huge for health tech vendors and healthcare IT teams who struggle with event notifications via ADT and SIU HL7v2 interfaces.  - This also allows for more event types beyond encounter schedule/start/end such as receiving updates to allergies and new lab results. - Caveat: it's unlikely this will be available in production systems in the next few years (1/1/2028 seems likely at the moment). These rules, and the corresponding development, take time. If this technology could be impactful to your business I suggested commenting on the rule to express your support. The comment period won't open for another couple of months. I'll try and post a reminder when it's time.

🌟 Why Accurate Coding in Healthcare Matters 🌟 In the healthcare industry, accurate coding is vital for many reasons: Proper Reimbursement: Ensuring healthcare providers receive appropriate compensation for their services. Patient Care: Maintaining comprehensive and precise patient records, leading to informed decisions and tailored treatments. Compliance: Helping organizations comply with regulations and avoid fines and penalties. Data Quality: Providing valuable data for research, trend analysis, and policy-making. Efficiency: Streamlining the billing and claims process, reducing errors and administrative burden. ForeMed Life Sciences is the pioneer of accurate coding, committed to excellence in healthcare data management. Our innovative solutions and dedication to precision ensure that healthcare providers can focus on what they do best—caring for patients. Join us in our mission to elevate healthcare standards through accurate coding! DM to know more about our services. #Healthcare #AccurateCoding #PatientCare #DataQuality #Efficiency #ForeMedLifeSciences MylavarapuMylavarapu Naga Srikanth CRC,CAIMC,BMEC,LSSBB,FIMC,PMEC,MSI Ambassador Abdul Azeem

CMS Finalizes Rule to Expand Access to Health Information and Improve the Prior Authorization Process. In addition to the Prior Authorization API, beginning January 2027, impacted payers will be required to expand their current Patient Access API to include information about prior authorizations and to implement a Provider Access API that providers can use to retrieve their patients’ claims, encounter, clinical, and prior authorization data. Together, these policies will improve prior authorization processes and reduce burden on patients, providers, and payers, resulting in approximately $15 billion of estimated savings over ten years. Tribes & Squads assisted healthcare providers in automating the prior authorization process and integrating it with their EMR and other software tools. #CMS #HealthcareAutomation

The Case For Investing in Professional Services The New Era of Protecting the Business of Healthcare Payers in Today’s Ecosystem   Every healthcare payer has unique requirements and existing infrastructure that must be taken into account when implementing new technology. System integration and interoperability management are essential to: ·      Drive efficiency ·      Improve data accuracy ·      Enhance decision-making ·      Provide a seamless customer experience ·      Reduce costs  ·      Enable scalability  ·      Enhance the overall quality of care and services delivered to members ·      Maintain regulatory compliance MHC Services Group helps tailor solutions to meet each healthcare payers’ unique requirements, from strategic planning to execution. Learn How MHC Services Group Can Help Minimize Disruption While Implementing New Systems https://lnkd.in/g6qRhJ97 #MHC #MHCservicesgroup #implementation #systemimplementation #coreadministrationimplementation #payers #payerimplementation #healthcarepayertechnology #claimsadministration #healthcarepayerconsulting

DocGem is a robust platform designed to streamline document workflows for healthcare payers. With a focus on secure processing, compliance assurance, and workflow optimization, it enhances operational efficiency and reduces manual errors. Learn how streamlined document management can transform your processes: https://bit.ly/2NOVdof #DocumentManagement #WorkflowOptimization #HealthcareCompliance

Are you ready for the upcoming regulatory changes in the healthcare industry? Discover how leveraging cutting-edge technology can help health payers stay ahead of the curve. Dive into our latest blog to explore actionable insights and strategies. Read more: https://bit.ly/4dlD7Qn #HealthTech #RegulatoryCompliance #HealthcareInnovation #HealthPayers #TechTrends

A lack of specificity in clinical documentation can negatively impact reimbursement, billing, and more. Read on to learn how to protect your bottom line. https://bit.ly/462owaz #HealthIT #ClinicalDocumentation #DataQuality #Reimbursement