Mobile Payment Platforms on the Rise As Patients Seek More Access to Billing

Mobile Payment Platforms on the Rise As Patients Seek More Access to Billing

Mobile payment solutions are becoming increasingly popular in the healthcare industry, as patients are expecting the same level of convenience in paying their medical bills as they do their other bills. Mobile payment systems allow patients to self manage their balances by paying in full or setting up payment plans.

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Medical Billing is Critical to the Healthcare Industry

Medical Billing is Critical to the Healthcare Industry

Medical billing and coding are prominent issues in the healthcare industry. Physicians lose about $125 billion annually as a result of poor billing practices. Two major factors, billing errors and failure to stay updated on medical billing rules, are responsible for a loss in physician profits.

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Patients Prepare for Inaccurate Bills with New ICD-10 Codes

Patients Prepare for Inaccurate Bills with New ICD-10 Codes

Healthcare Consumers in the U.S. may need a whole lot more patience coping with highly erroneous insurance claims as well as denied health services amidst new ICD-10 codes. At least one analysis said that 1 in 4 of U.S. practices aren’t ready for the ICD-10 transition.

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Data Analytics Brings New Life to Large Health Insurers Amid Market Disruption

Data Analytics Brings New Life to Large Health Insurers Amid Market Disruption

Many industries are being challenged and disrupted by new market forces from the democratization of information to greater price transparency as well as the explosion of the sharing economy and social media. The healthcare industry is especially being thrown into a storm of change while it moves towards member-centric models based on quality and not quantity.

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