Many modern Quality Assurance and Six Sigma practices date back to the Industrial Revolution. Techniques and tactics combining visuals and acronyms have spanned every decade since then with a common objective: how to eliminate defects by understanding what causes them. What is possible if we use the same tools to determine the contributing forces behind our successes and how to replicate them?
The Starting Point: Every business has processes it has performed from its beginning. Correlated with how many years the company has existed is how relatively “evolved” its core functions have become over time.
Denial management is an essential part of revenue cycle management and improved cash flow. Through this process, practices and hospitals can investigate every unpaid claim, find trends, and appeal the rejection of a claim.
Businesses that embrace and evolve with the progressing times are more resilient than those that are inflexible to change.
Healthcare providers and companies are most vulnerable to cyberattacks and security breaches. This is primarily due to the following reasons: the type of data stored is sensitive and critical in nature, the security is not robust, and the number of participants involved in handling the data is much higher than in some other industries.
The disparate and disjointed data silos across various hospital departments constitute the biggest decision-making bottleneck. They impede the gathering of real-time, actionable information about the hospital’s financial key performance indicators (KPIs).
American business magnate and philanthropist John D. Rockefeller once stated, “If you want to succeed, you should strike out on new paths, rather than travel the worn paths of accepted success.
For many employees in India, the typical work week begins with a long commute into an expensive city. Once there, they stay at a hostel or apartment for the week with little technical infrastructure and few amenities.
In care delivery, 94% of physicians say prior authorizations (PAs) result in delays. Patients go untreated for longer because of an opaque, complicated approval process. Or they just abandon care as being too hard
