Gain Insight into Industry Related and Company News to Help Grow Your Business
Automation has touched almost every area in the healthcare industry, and the numbers speak volumes. The healthcare automation market was valued at 37.71 billion in 2024 and is expected to surpass this number by around 56.39 billion by 2029. What does all of this mean for healthcare providers? Whether it’s
The global healthcare supply chain management market, valued at 3.51 billion in 2023, is forecasted to grow to 5.06 billion by 2030. However, as this market thrives, other healthcare sectors are struggling. One report reveals that 71% of healthcare executives are dealing with distribution delays in their supply chain. Over
The HIPAA Journal reveals a report in which experts investigated 23,000 medical malpractice lawsuits and found that more than 7,000 were due to communication failures. Those failures resulted in $1.7 billion in malpractice costs and almost 2,000 preventable deaths. Luckily, the healthcare industry is adopting strategies and advanced technology to
Fierce Healthcare just issued a 2025 healthcare outlook with several key findings, including: What do these findings mean for providers? Rising healthcare costs have become a daunting challenge in nearly every facet of the system. It’s more important than ever for providers to adopt effective healthcare cost management strategies. This
Claims processing is a pivotal piece in the revenue cycle puzzle. The reason? It directly impacts the financial health of your practice. Despite its significance, the manual processes involved in tackling medical claims are error prone and time-consuming. This leads to claim denials, lost revenue, and many headaches. Thankfully, automation
If medical claims management is such a vital part of the healthcare ecosystem, why is it so frustrating? The answer often boils down to a process riddled with administrative burdens, a complex coding system, and predisposed to errors due to outdated technology and frequent rule changes. With this in mind,
Sending letters and making phone calls—it’s what you do when patients miss their payment. But it all feels so outdated. It takes time and human resources. It’s also not always effective. Patients might miss your call and delete your voicemail. They might toss your letter before opening it or send
The American Academy of Physician Associates (AAPA) found that 73% of patients feel the healthcare system failed them in at least one way. Some patients disliked the cost of medical care. Others were confused about how to get the care they needed. The common theme of these complaints was that providers don’t
Your practice’s financial stability depends on timely payments. But managing overdue accounts can get sticky. It requires a bit of nuance and a whole lot of careful wording. You don’t want to fracture your relationships with patients. At the same time, you need to clearly communicate the urgency of your
As the healthcare industry continues to evolve and face new challenges, the importance of having a well-trained staff has never been greater. From medical billing errors to patient dissatisfaction, the consequences of inadequate training can be detrimental to both patients and healthcare practices. In today’s fast-paced and highly competitive landscape,
