Almost 50% of U.S. healthcare providers plan to increase their spending on RPA in the next three years. The COVID-19 pandemic situation put additional emphasis on optimizing cost and addressing the scarcity of resources.
The demand and cost of healthcare services continues to increase at a relentless pace. For many physicians and health systems, they are scrutinized by governing bodies, commercial payers, and “consumer-minded” patients to decrease the cost of care while maintaining its overall quality.
The digital age has changed marketing forever, extending the reach of small businesses while demanding more from the larger, more established companies.
In the United States, healthcare payers lose billions of dollars every year to insurance fraud, waste, and abuse (FWA). The Government Accountability Office (GAO) has designated Medicare as a high-risk program since 1990 because of its size, complexity, and susceptibility to improper payments.
Remember when we lived our lives with carefree abandon? We could spend time with friends, dine in restaurants, fly on airplanes, and do such courageous things as visit the grocery store without wearing a mask.
In healthcare, a no-show is a patient that misses a scheduled appointment without proper cancellation. Reducing no-shows can have a tremendous, positive impact on a practice resulting in improved efficiency, reduced costs, and improved patient outcomes.
Disaster Recovery and Business Continuity are major considerations when companies evaluate business partners. Since its inception, Vee Healthtek has understood that in order to attract and retain the best clients, we need to have the business model, the talent, and the infrastructure to stand up to the intense scrutiny that comes with servicing internationally-renowned clients.
Pandemics and natural disasters have created, and will continue to create, uncertain economic conditions for the world. With respect to outsourcing arrangements, these situations may result in site closures, a failure to meet service levels, delays due to a failure to perform customer obligations required for performance by the provider, or labor and product shortages.
Risk adjustment has been a mainstay of Vee Healthtek for the past several years. We have excelled at retrospective, concurrent and prospective reviews. Our HCC coders have abstracted codes for risk adjustment from medical records.
