In 2024, the healthcare industry has faced an unprecedented wave of cybersecurity challenges, highlighted by significant breaches at major organizations such as Change Healthcare, Kaiser Permanente, and Ascension. These incidents underscore the vital need for robust cybersecurity frameworks capable of protecting sensitive patient data and maintaining the continuity of healthcare services. Zero Trust security models, […]
Category: RCM
Optimizing Practice Revenue in 2024
It Starts with Revenue Cycle Management Technology
Inflation, higher patient deductibles, more complex regulations, and payer requirements all promise to make 2024 more challenging for the healthcare industry as a whole and medical practices in particular. Now more than ever efficient management, continuous optimization, and leveraging external expertise are needed to assure financial viability and set your practice on the path to […]
Revenue Integrity in Healthcare: Ensuring Accurate and Ethical Revenue Capture
Revenue integrity is not simply a buzzword in the healthcare industry; it is a critical component that ensures the financial sustainability and compliance of medical practices. In today’s complex healthcare landscape, maintaining revenue integrity has become increasingly challenging. However, platforms like PhyGeneSys offer healthcare providers a comprehensive solution to address these challenges and maintain revenue […]
Zero Trust Compliance in Medical Revenue Cycle Management: Securing Patient Privacy, Ensuring Legal Compliance, and Preventing Fraud
Patients entrust their healthcare providers with their most personal and sensitive information. It’s expected that medical professionals will respect and protect that trust. Violations can not only result in severe penalties for practices but also damage the vital trust that exists between patients and their healthcare providers. That’s why Zero Trust Compliance, a security model […]
A Path to Financial Excellence: Maximizing Profits Through Optimized Revenue Cycle Management
Addressing issues in your revenue cycle might initially seem overwhelming, something like a complex medical treatment plan, but rest assured, the journey to fiscal excellence follows a well-defined strategy proven to yield exceptional outcomes. The percentage of revenue and efficiency gained varies, depending on existing conditions (just how sick is the patient?) but the objective […]
More Than Software: How Medical Revenue Cycle Management Systems Enhance Organizational Knowledge
Organizational knowledge refers to the collective knowledge and expertise that is possessed by an organization. It includes explicit knowledge that is documented and codified, as well as tacit knowledge that is held by employees and is difficult to articulate or transfer. Organizational knowledge is a valuable resource that can contribute to an organization’s success by […]
