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The Business of Healthcare after COVID-19 Is Gone

Healthcare

Whether it is next week, next month, or next year, affairs in the US will open back up and return to a state of relative calm. But most agree that business as we know it will change significantly. Very few entities, be they small businesses or publicly traded international conglomerates, can weather repeated impacts of something like the COVID epidemic. And healthcare businesses in the United States have already been doubly affected, as they face the same financial and operational stresses that all businesses do, while simultaneously bearing the burden of day-to-day combat and execution just to get everyone through to the other side of the storm. Nobody wants to see and experience another mass-impact event such as this, but there will be more, and whether the next one is another health pandemic, a financial crash, or international conflict, there are things every smart organization will be doing to pivot their business to improve and prepare. Some of the changes will be seen relatively quickly, while others will still take some time, but one thing is almost certain, COVID-19 has become a tipping point from which there will be no simple return to “business as usual”.

Return to Revenue: Accelerate Your Return to Revenue

Healthcare

Proactively communicating with patients and the extended health community is now an absolutely essential part of business for healthcare organizations of all sizes. Surveys have indicated that 3 out of 4 consumers today will consider switching providers based on a single negative experience. In the midst of COVID-19 uncertainty, changing regulations, protocols, and financial circumstances, people need to know what to expect now more than ever before. What follows is a list of what should be considered essential business for health entities seeking to service, retain, and improve relations with patients in a greater capacity.

The Money Is Out There

Healthcare

It’s no secret the financial wellbeing of healthcare entities has plummeted with decreased patient service revenue amidst COVID-19.

Revenue Cycle

Revenue Cycle Automation & Efficiency

Healthcare

This is the last component in my #returntorevenue series, highlighting the steps necessary to expeditiously trend up your financial health in light of COVID-19. This final step is arguably the most important. You can take all the right strategic and operational steps in the world but if your technology, your EHR, your core revenue processing mechanisms and staff aren’t aligned, you’ll inevitably see and experience subpar results. The simple fact is, there are things you should have done yesterday, things you should be doing right now, and things you’ll need to continue to do, monitor, and improve in the future.

Plan Now for New Electronic ADT Notification Requirements

EHR, Healthcare, Uncategorized

New Requirements

The Centers for Medicare and Medicaid Services (CMS) final Interoperability and Patient Access Rule creates a new Condition of Participation (CoP) that requires hospitals, psychiatric hospitals, and Critical Access Hospitals to share electronic Admission, Discharge, Transfer (ADT) event notifications with other providers and systems so that providers including post-acutes have at their disposal the most up-to-date and accurate information about their patients as it relates to admissions and ED visits. The compliance requirement goes into effect May 1, 2021 and CMS will begin enforcement of the requirements on July 1, 2021.

Three Key Considerations for 2021 Healthcare IT Planning

Healthcare

All over the country, healthcare providers are planning their 2021 priorities. New tech, value-based care, and global events are driving healthcare to broaden its view of access, quality, and affordability. The IT organization must respond to remain relevant and enable care delivery. Here are three key considerations for your organization’s 2021 IT planning and budgeting.

Healthcare Triangle’s Keys to a Successful Application Support Services Transition

Healthcare

Healthcare provider organizations are reassessing how their Electronic Health Record (EHR) is supporting patients, providers, and their strategic goals. In a time of upheaval and innovation for healthcare, organizations cannot accept the status quo from their systems and are turning to partners like Healthcare Triangle to help them manage support for their EHR and other clinical and revenue cycle applications.

Data Analytics and Data Science for LifeSciences in the Cloud

Data Analytics, DataEz

Problem statement for the industry

Pharma companies are pursuing the ultimate moonshot goal of changing the way medicines are developed so the right treatment can be delivered to the right patient at the right time. Thus, enabling the delivery of highly personalized healthcare, which effects the Pharma, Life Science and Healthcare verticals.

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