A Premium Revenue Cycle Partner
According to a report by the Healthcare Financial Management Association (HFMA), in 2021, around 90% of the denied claims could be avoided. This part of the claim denials amounted to about $235 billion as annual revenue for the American medical industry. ...
In America, the annual spending on the healthcare industry amounts to around $2.7 trillion, taking up about 17% of the country's GDP. Despite several efforts by the federal and state authorities to give the patients the best possible experience with an e ...
Did you know that the USA spends considerably more on healthcare than the entire world average spending? In most developed countries, healthcare takes up around 10% of the GDP. While in the United States of America, the portion of GDP was around 18% at t ...
A recent analysis report from Accenture showed that the market of AI in the healthcare market would grow to around $6.6 Billion by the end of 2021. It also showed applications of AI in revenue cycle management could create savings of $150 billion every ...
Revenue cycle management is one of the highest priorities in a healthcare organization. But recent reports like the one put forward by the credit agency Equifax show that the provider organizations lose $1300 on an average every day due to incorrect bil ...
Did you know that the US Department of Labor estimated from the American Association of Retired Persons (AARP) reports that over 200 million medical claims get denied every day? But the most shocking part is that over 60% are simply because of clerical er ...