As 2025 approaches, the healthcare sector is undergoing transformative changes with Artificial Intelligence (AI) and Robotic Process Automation (RPA) increasingly becoming essential in advancing medical billing processes. AI encompasses technologies that simulate human cognitive processes by machines. These processes include learning (using data to inform actions), reasoning (using rules to reach conclusions), and self-correction. Particularly, […]
Tagged in: Healthcare Technology
Embracing Technology: The Lifeline for Labor Shortages in Healthcare
The healthcare industry is currently navigating a critical challenge: a significant labor shortage that endangers its mission to deliver top-notch patient care. The Association of American Medical Colleges (AAMC) warns that by 2033, the U.S. could see a deficit of up to 139,000 physicians. This issue spans across various healthcare roles, including nurses and administrative […]
Elevating Healthcare Cybersecurity: The Critical Role of Data Protection and Resilience
The transition towards digital healthcare systems has been a double-edged sword. While these advancements have streamlined operations and improved patient care, they have also exposed healthcare providers to heightened cyber threats. This vulnerability underscores the urgent need for robust data security measures, a topic that is increasingly intertwined with patient safety. The Dire Consequences of […]
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 […]
A New Best Practice: How RPA Will Revolutionize Your Revenue Cycle Management
If you follow technology advances in healthcare administration, you’ve probably read about Robotic Process Automation, or RPA, and how it’s revolutionizing revenue cycle management. Because RPA is viewed as ‘new,’ it’s often marketed as a separate technology, an add-on so to speak. However, a few billing and management solutions, such as PhyGeneSys, have always offered […]
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 […]
The Case for Innovative Solutions to Assist with Staff Recruitment, Retention, and Greater Satisfaction
In 2019, the World Health Organization declared employee burnout a global organizational phenomenon, and, since 2019, U.S. turnover and job vacancies have markedly increased. The Bureau of Labor Statistics, a division of the Department of Labor, reports that, thus far in 2022, 1.7 million health care workers left their jobs, and approximately 20 million U.S. […]
How Technology Aids Patient Engagement
You may think that technology creates a barrier to patient engagement, but studies show the reverse to be true. Let’s start by acknowledging that patients in a growing percentage of the population are shouldered with medical debt. In 2022, for example, the Kaiser Family Foundation reported that more than 100 million adult Americans (58% of […]
