MDaudit, the healthcare technology company that harnesses the power of analytics and its proven track record to allow the nation’s premier healthcare organizations to retain revenue and reduce risk, announced today the launch of MDaudit Revenue Integrity Suite which brings fully integrated risk capabilities and supporting workflows together on a single platform.
The only end-to-end denials analytics technology designed to pre-emptively protect against revenue leakage by identifying and resolving systemic risks based on historical data and applied insights, MDaudit Revenue Integrity Suite proactively addresses the issues that lead to costly inpatient and outpatient claim denials.
“Up to 80% of denial dollars can be traced back to just 20% of denied claims – denials that are rooted in systemic issues that MDaudit Revenue Integrity Suite eradicates with a unique blend of retrospective diagnostics and predictive analytics,” said Peter Butler, president and CEO, MDaudit. “This is not just another in the industry’s long line of software that does little more than highlight coding inaccuracies without identifying the cause of denials. Rather, MDaudit Revenue Integrity Suite creates a closed-loop feedback process between insights, action, and outcomes to manage high-impact denials, making it a powerful vehicle for driving improved overall revenues.
Powered by sophisticated analytics, augmented intelligence, and expertise in providing proven revenue cycle management services and solutions to the nation’s leading healthcare provider organizations, Revenue Integrity Suite is the latest offering from MDaudit that delivers industry-leading innovation to improve outcomes through actionable analytics and empower healthcare organizations to achieve unparalleled efficiency, reduce compliance risk, and retain more revenue. MDaudit technology delivers powerful workflow automation, risk monitoring, and built-in analytics and benchmarking capabilities – all in a single integrated cloud-based platform.
MDaudit Revenue Integrity Suite gleans insights from historical data and applies them proactively to address potential denials for reasons that are either medical necessity, pricing, or treatment-related, including specialty drug and durable medical equipment (DME) utilization, thereby resolving the issues that cause high-dollar hospital claims to be denied. It features a powerful analytics engine that proactively identifies financial and clinical issues with high-value services as they are seen by payers, reducing the costliest denials and payment delays, and improving revenue and days in A/R.
By identifying, prioritizing, and addressing denial risks that have the greatest financial cost, MDaudit Revenue Integrity Suite optimizes and targets internal resources for maximum impact. It also:
Provides greater visibility of revenue risks across revenue integrity, revenue cycle, billing compliance, coding, clinical documentation, and other teams.
Supports improved financial decisions, forecasting, risk management, and strategic use of internal resources.
Informs retrospective and prospective audits, driving continuous billing compliance, coding improvements, and stakeholder education.
“In today’s macro-economic environment, healthcare organizations are necessarily hyper-focused on achieving sustainable revenue and profitability,” said MDaudit COO Ritesh Ramesh. “Their needs drive MDaudit’s continuous search for technology-enabled approaches to ensure these organizations can keep the revenue they earn with greater predictability and less risk.”
He continues: “MDaudit Revenue Integrity Suite tackles this critical problem with an innovative, data-driven, and cross-functional approach that exceeds the capabilities and ROI of the traditional solutions in this space.”
The horizon of healthcare mobile application development is expanding through limitless boundaries after the world hits the massive pandemic. Even though it’s the era of tech evolution, healthcare mobile application development has followed an impactful drift. Following the link, you can find the most detailed article by Topflight Apps on this topic.
If you’re curious to dwell on the running subject and know how to build a medical app, here’s something fascinating for you:
Why is Healthcare Mobile App Development Necessary?
The attainable fitness goals and a patient-centered healthcare approach are the two main reasons compelling the developers to build healthcare applications.
The benefits of adhering health care services to mobile applications are numerous, whereas a few are discussed below:
If you create a medical app, your services won’t be confined to patients; these apps are equally beneficial for healthcare workers and physicians.
Building a health app not only makes patients stay updated with their health progress but also keeps track of their lab tests side by side. Thus, consistent monitoring also suggests timely lab testing (Blood CP, LFTs, etc.)
Some healthcare apps also facilitate patients’ dietary uptake according to their ailment or particular health condition.
A patient-physician communication plays a critical role in developing a diagnosis. Medical apps have a profound impact on the said subject.
Data kept in the digital record is easy to transfer for clinical review purposes and is retrievable at any time.
Types of Healthcare Mobile Applications – User-Based Classification
If you’re searching for tried and tested ways how to create a health app, then make sure you’re entitled to any of these types:
LinkedIn is a real asset for health professionals, especially in the post-COVID-19 period. It is an excellent commercial lever for companies, particularly those in the health sector. You should create the perfect LinkedIn profile to stand out.
If you don’t know how to go about this, there are different companies specializing in writing linkedin profiles that you can hire and have yours perfectly crafted. To craft the perfect profile, it is more beneficial to know each LinkedIn tip and how to use this social network correctly. So let’s take a look at some specifics together.
Is LinkedIn still an essential network for healthcare professionals?
This professional social network is still essential for healthcare players and their marketing strategies. First, the professional page on LinkedIn now serves as a showcase for companies. Users should find all the most important information there.
LinkedIn also allows marketers to effectively promote content where professional exchanges are encouraged. For health professionals and industrialists, it is interesting to share articles concerning the medical field and to target professionals in this sector.
LinkedIn tip to improve your professional page
Optimizing your professional page to showcase your business has become a necessity. This must be just as neat as the website because aesthetics and clarity are vital points. Nowadays, your LinkedIn account can be a guarantee of your image. It must be attractive while remaining professional. However, do not forget to respect the ethics of health professionals because this sector has many standards and regulations.
LinkedIn tip: for the practical side, we have listed a few points to take into account to optimize your company page:
The convenience of telehealth, both for the medical professional and the patient, is a strength that can’t be overstated. Telehealth, or telemedicine, empowers patients to have better access to quality care at more affordable prices. As a result, telehealth and telemedicine have seen a sharp increase in use and popularity over the past few years.
There are many explanations as to why that uptick has occurred, from the practice becoming routine during the pandemic, an increase in access to more technology, and a demand for more convenient, affordable healthcare.
Practitioners and hospital administrators understand the need to retain staff and reduce turnover rates. According to a 2016 study published in Frontiers in Psychology, a reduction in staff density harms the quality of treatment and other services needed by psychiatric patients. This is also true in other practice areas where staff turnovers can have a direct impact on the continuity of care.
Using the right methods for retaining clinical staff can help enhance efficiency and improve patient experiences and outcomes in the long run. Not only that, clinics and hospitals will also need to lean on new technologies that can ease workloads, improve career prospects, and create a better and safer work environment for staff. If you are a healthcare provider looking to retain quality staff members in your practice or institution, then you should invest in the following tools:
Practice Management Software
Healthcare providers know better than to rely on traditional principles when it comes to managing patient and staff workflows. As the demand for quality healthcare keeps increasing, it has become essential for doctors and hospitals to adopt practice management software for delegating tasks, improving collaboration, and ensuring safe access to critical data.
Technology has revolutionized almost every aspect of life and the pharmaceutical industry doesn’t stay untouched. Between 2010 and 2019, the development and approval of the new drug for sales increased by 60 percent and technology played a huge role in achieving these statistics. Today, all pharmaceutical companies form strategic partnerships with well-equipped and technology-updated CMO biologics services. Let’s see how technology has made drug research and discovery easier and smooth over the years.
1. Improved Medical Research
Modern technology has made medical research easier due to various specialized software, automated machines and tools that have made it easier for the researchers to conduct medical experiments which ultimately adds to medical knowledge of diseases and the requirements of appropriate drugs. Pharmaceutical companies build on medical researchers to conduct the experiments required to develop new drugs. Medical research gives an anchor to drug research by telling where to look for it.
Healthcare innovation relies on expanding base knowledge as it improves technology designed to provide specific solutions in the healthcare field.
Add to the many challenges facing healthcare and coming out of a once-in-a-century pandemic that disrupted every country and society. Innovative solutions forged out of necessity have become commonplace.
Massive public and private investment in healthcare technology will improve health equity worldwide. Think of health equity as defined by the World Health Organization. They define health equity as “the absence of unfair and avoidable or remedial differences in health among population groups defined socially, economically, demographically or geographically.”
Healthcare can be more accessible and affordable through these tech improvements.
Telehealth
The front runner in making healthcare more equitable is the inclusion of telehealth as a standard form of healthcare visit. Before 2019, telehealth usage was thought to be around 840,000 patients, but due to the social distancing and stay-at-home orders in 2020, that number has grown to over 52 million.
While the impetus of the dramatic change to telehealth may have been born out of the necessity brought about by the pandemic, telehealth’s advantages have become commonplace industry-wide. The advantage of telehealth is that it empowers the patient, especially those in need.
Telehealth benefits people that lacked health insurance prior had transportation issues or even the cost of taking time off from work and losing the most labor. It also helped overworked office staff and stressed doctors to see more patients easier and quicker.
Providing the highest quality of patient care is the only thing healthcare providers really care about. But a lot more goes into running a hospital or clinic successfully. Like any other business, you must build an online website to connect with your patients, share valuable information about your services, and facilitate tasks like appointment booking. A website is also a powerful marketing tool in the internet era when patients search for everything online. But most healthcare providers lack tech skills because they are from a different world. You may know what goes into creating a website to replicate your facility online. Let us share some valuable web design tips for healthcare providers with minimal tech skills.
Know your target audience
This rule applies to all business websites, and healthcare sites are no exception. Start by understanding your target audience, which may differ depending on your specialty areas. For example, you may target pediatric patients, women, seniors, or patients with different health conditions. Your target audience determines your website’s design, content, navigation, and usability. Decide on your strengths and weaknesses besides knowing your audiences. Also, be aware of what sets you apart from competitors.
Understand the website’s purpose
Even if you have minimal tech skills, you still know the purpose of creating a website. It is crucial to identify it as the design features depend on it. You may want to create a site for pure branding, use it as a patient management tool, or provide an interface for interactions like appointment bookings, access to diagnostic reports, and other online services. Define your purpose before starting the project.
