Revenue cycle processes have had to continuously evolve over the years to keep pace with the rapid changes occurring in the healthcare industry. As a result, RCM vendor partners are now utilizing technology that hospitals do not have access to on their own.

In the 2003 film, “Lost in Translation,” character Bob Harris, played by Bill Murray, struggles to communicate effectively with a Japanese director while filming a commercial.

Best-selling author and physician Eric Topol wrote, “If I think more about death than some other people, it is probably because I love life more than they do.” (The Patient Will See You Now; 2015).

There are approximately 171.1 million unemployed people in the world. How do we introduce more of this potential global workforce into the economy at large? How do we shape, design, even create markets around the targeted goal of elevating the world’s most disadvantaged?

According to the 2019 statistics released by CMS for “Common Causes of Improper Payment Error Categories”: 59.5% of cases are due to insufficient documentation

Almost 50% of U.S. healthcare providers plan to increase their spending on RPA in the next three years. The COVID-19 pandemic situation put additional emphasis on optimizing cost and addressing the scarcity of resources.

The demand and cost of healthcare services continues to increase at a relentless pace. For many physicians and health systems, they are scrutinized by governing bodies, commercial payers, and “consumer-minded” patients to decrease the cost of care while maintaining its overall quality.

The digital age has changed marketing forever, extending the reach of small businesses while demanding more from the larger, more established companies.

In the United States, healthcare payers lose billions of dollars every year to insurance fraud, waste, and abuse (FWA). The Government Accountability Office (GAO) has designated Medicare as a high-risk program since 1990 because of its size, complexity, and susceptibility to improper payments.