The Great Resignation and Understaffing Are Here. Can Automating Prior Authorization Help You Cope?
The numbers tell the story. Preliminary data from the U.S. Bureau of Labor Statistics saw March job openings outpace new hires by more than 1.3 million. Perhaps even more concerning: 682,000 people left healthcare during the same period. As Becker’s Hospital Review noted recently, “Hospitals are feeling an enduring consequence of experienced employees' early retirements and resignations: collective knowledge loss.” These losses are being felt organization wide—in the C-suite, among medical personnel and in administrative offices. Automated prior authorization can help bridge the staffing gap. How? Less reliance on tribal knowledge for prior authorizations Recently, we asked a regional health… Read entire article here
Get the FAQs about Automated Prior Authorization
Healthcare providers operate with razor-thin margins. Where can you shave down expenses? Increasingly, all eyes are on automated prior authorization. Prior authorization has been flagged as one of the most costly and time-consuming administrative processes in healthcare, and the burden keeps growing. With 4 out of 5 healthcare providers reporting that prior authorization requirements continued to increase in the past year, a more streamlined, automated process is certainly appealing. Want to know more about automated prior authorization before you make the leap? Check out these FAQs to learn more. What’s the difference between prior authorization (PA), electronic prior authorization (ePA)… Read entire article here
How to Make Coordination of Benefits More Transparent and Truly Coordinated
The Concept The concept behind coordination of benefits (COB) is fairly straightforward and simple. In situations where a patient has multiple health plans, it’s a way for commercial and government insurers to determine which payer is responsible for coverage, in what amount, and in what order — as a primary, secondary or tertiary payer. For instance, two spouses may pay for health insurance under each of their employer’s plans, so each would be covered under their plan and their spouse's plan. Or a single person may have Medicare and additional health care coverage under a supplemental plan. Coordination of benefits… Read entire article here
Myndshft Announces Offering to Speed Healthcare Transactions with UiPath
New Myndshft Offering on UiPath Marketplace Creates Automated Prior Authorization Workflow to Reduce Cycle Time by 90% Mesa, AZ, May 03, 2022 – Myndshft, a leading provider of automated prior authorization and real-time medical benefits check technology, is collaborating with UiPath, (NYSE: PATH), a leading enterprise automation software company, as part of the UiPath Tech Alliance Program. Myndshft is an all-in-one platform for automating benefits verification and eligibility, insurance discovery, patient financial responsibility, and electronic prior authorization at the point of care. UiPath offers the industry’s only end-to-end automation platform for automating complex, repetitive tasks and processes. Now available through… Read entire article here