Category: Healthcare IT News

Benefits-of-Workflow-Automation-in-the-Healthcare-Sector

Benefits of Workflow Automation in the Healthcare Sector

The adoption of workflow automation in the healthcare sector is on the rise for valid reasons. By alleviating healthcare providers from the burden of documentation and repetitive tasks, it allows them to focus on critical responsibilities that demand expertise and strategic thinking. Recent studies indicate that a significant portion of healthcare professionals spend between 26-41% […]
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Billing Codes

Telehealth vs In-Person Visits: How Often Virtual Service Billed at Lower Code

According to research, telehealth visits, both in primary and specialty care, tend to be coded more frequently with lower level-of-service billing codes. Despite the option to receive higher facility rates for telehealth services for another year, providers often bill these virtual visits using lower level-of-service codes. This pattern holds true for both primary and specialty […]
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AI-enabled-ICD-10-CM-Guidelines

AI-enabled ICD-10 CM Guidelines: The Future of Medical Coding

In the ever-changing realm of healthcare coding, it is imperative for professionals to stay updated on the latest developments within the International Classification of Diseases, 10th Revision, Clinical Modification (ICD-10-CM). This dynamic coding system plays a pivotal role in recording diagnoses, conditions, and other vital health-related information. With the advent of artificial intelligence (AI) technologies […]
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AI in Healthcare Process

How AI is Transforming Healthcare Operations and Investment

The principal of a healthtech venture capital firm asserts that the most promising AI innovation from an investment standpoint involves rendering business models feasible. Investment focus has now shifted towards AI for a healthtech and medtech venture capital firm, which administers a capital pool exceeding $800 million earmarked for healthcare and technology startups. The healthtech […]
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5-Key-STEPS-TO-Ensure-HIPAA

5 Steps to Ensure HIPAA Compliance on Mobile Devices

Implementing HIPAA Compliance Demands Multiple Measures from IT, with Added Complexity Due to Mobile Devices. Adhere to These Crucial Steps for Ensuring Mobile HIPAA Compliance Adhering to HIPAA necessitates a vigilant approach from IT administrators, and the presence of mobile devices can amplify this challenge further. HIPAA stands as an encompassing federal statute that defines […]
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Telehealth benefits for Private Practices

How Telehealth Can Benefit Small Private Practices

Telehealth has gained widespread acceptance among numerous medical practices and hospitals owing to its convenience, accessibility, and effectiveness in curbing the spread of infectious diseases. However, it’s important to recognize that telehealth is not exclusive to large institutions; small practices can also reap its benefits. Telehealth, also known as telemedicine, revolves around utilizing technology to […]
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CMS Announces Proposed Medicare Payment Reduction of 3.4%

The 2024 Medicare Physician Fee Schedule proposal includes a reduction of 3.4% to the conversion factor that determines Medicare payment rates. This reduction will widen the gap between practice expenses and reimbursement. If the proposal is approved, the new conversion rate will be $32.7476. Here are some other key highlights of the CMS proposal: The […]
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Telehealth Claims

Telehealth Claims Decline in Q1: Things To Know

Based on FAIR Health’s Monthly Telehealth Regional Tracker, the national decline in private insurance telehealth claims reached 5.4% in April, comprising 5.3% of all medical claims. This reduction can be observed across all four U.S. census regions: the Midwest (4.7%), Northeast (6.3%), South (6.8%), and West (6.4%). On average, patient visits lasted between 20 and […]
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Benefits of Advanced Healthcare Technology

Benefits of Advanced Healthcare Technology for Providers & Payers

Collaboration among a diverse team that blends clinical expertise and technical proficiency is essential in today’s dynamic healthcare environment to overcome administrative and diagnostic challenges. This multidisciplinary approach facilitates the creation of healthcare technology solutions that benefit all stakeholders, including payers, providers, and patients. By adopting a more personalized approach, treatment outcomes can be optimized […]
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Telehealth Compliance 10 Things You Need to Know

Telehealth Compliance: 10 Things You Need to Know

Telemedicine or telehealth, which refers to providing care via electronic communication when patients and providers are in separate locations, has been available for decades. However, the COVID-19 pandemic has accelerated the adoption of telehealth due to the urgent need to deliver care in new ways. Before the pandemic, telehealth faced challenges such as limited reimbursement, […]
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