HIPAA security compliance
August 14, 2017

HIPAA Security Compliance: A Complete Overview

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Recently, a healthcare insurance company in the US had to shell out a hefty fine of $1.5 million and, at the same time be listed on OCR’s “Wall of Shame” for its failure to carry out a comprehensive security evaluation. In yet another incident, a small orthopedic practice that failed to procure the services of a specialized provider to secure its network and in the process compromised the security of patient data faced similar punitive actions by HHS. The two instances highlight the conseq

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claim denials
August 4, 2017

Medical Claim Denials Cost Hospitals $262 Billion Annually

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A recent analysis by Change Healthcare revealed a shocking statistic about claims denials and their financial impact on healthcare practices. The finding revealed that out of roughly $3 trillion in medical claims submitted by hospitals in the US last year, approximately 9% of charges were initially denied. This translated into an accumulated loss of about $262 billion per annum sparking huge cash-flow issues and recovery costs to hospitals. A deeper analysis of the figures further revealed th

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July 28, 2017

Value-based Care Transition in the US: The Benefits, Challenges and Solution

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America’s healthcare system can be best explained in Walter Cronkite words: “America’s health-care system is neither healthy, caring, nor a system.” And after years of struggle with access, quality and other population health issues, we finally have a solution to this problem in the form of value-based care. But what does this transition mean to hospitals and other healthcare practices? How does value-based care affect their business? And how can they stay afloat in current times? Le

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