A summary of this weeks healthcare economics, payer payments, provider revenue cycle and healthcare industry news. Payspan is the nation’s leading healthcare payments solution connecting over 750 health plans and 1.3 million provider payee connections and is dedicated to empowering our customers with the tools they need to simplify healthcare payments.
Health Data Analytics a “Competitive Differentiator” for Payers
“A robust and wide-ranging big data analytics strategy can be a “competitive differentiator” for health insurance payers seeking actionable insights to help them succeed with value-based care, says a new survey by Deloitte.”
Discover how Payspan’s Quality Incentive Communications System can help payers deliver actionable value-based care insights to providers in-stream of revenue, accelerating adoption of quality contracts and increasing Star ratings.
Using Revenue Cycle Analytics for Effective Value-Based Care
“Essentially, healthcare providers and hospital revenue cycle managers will need to completely change their methods of assessing the financial health of their establishment. They will need to adopt a new viewpoint in order to see the revenue cycle from the value-based care approach instead of the fee-for-service payment system.”
How payers are building better relationships with their network physicians
- Make authorization easier
- Help physicians get paid
- Take paperwork off physicians’ plate
- Reconsider relationships with alternative care providers
- Address the opioid epidemic
Payspan’s Core Platform can save you significant time and money by delivering EFTs and ERAs to your provider network. Our healthcare payment solutions typically deliver payers a 98+% EFT penetration rate, leading to us being the largest payments network in the nation.
The ins and outs of fine-tuning hospital quality improvement programs
“As hospitals and health systems face growing financial pressures to maintain a certain level of clinical quality, executives are leaning on internal quality improvement programs to keep their care in check. However, having standards programs isn’t enough. They have to be effective and that’s where the challenges arise.”
5 reasons why GOP’s ‘Repeal and Replace’ didn’t work
According to the article:
- It’s hard to take things away from people.
- Republicans have long been divided on health care.
- Presidential leadership on hard issues is important.
- Health care is complicated. Really.
- Some parts of the ACA really are popular, even among Republicans.