“Good communication is the bridge between confusion and clarity.” This quote may have originated in the 1800s, but it seems particularly relevant to some of the benefits verification and prior authorization challenges healthcare providers face, particularly in post-acute care settings from home health and physical therapy facilities to radiology and diagnostic labs. Those prior authorization challenges were a recent topic here, inspired by a panel discussion we hosted. Now, let’s dive into what helps bridge communication gaps: interoperability. Why interoperability matters Interoperability is a common goal (and challenge) across healthcare, and post-acute care is no exception. It’s been slow going:… Read entire article here
August 10, 2022
The Biggest Prior Authorization Challenges in Post-Acute Care
You don’t have to look far to find evidence of the high administrative burdens faced by healthcare providers. According to JAMA, administrative costs account for 15% to 25% of total national health care expenditures—or $600 billion to $1 trillion a year. From benefits verification to billing, the processes that connect patients to the care they need involves substantial effort, with 88% of providers pointing to prior authorization as a ‘high’ or ‘extremely high’ burden. Recently, we hosted a panel discussion to talk about benefits verification and prior authorization from a post-acute care perspective. Moderated by our own Tyler Wince, Chief… Read entire article here
August 2, 2022
Da Vinci Standards, Decoded: 3 Eye-Opening Ways Every Provider, Payer & HIT Vendor Will Reap Rewards
Let’s talk about Da Vinci. Not the artist, although he is a source of inspiration for everything from best-selling books to robotic surgical systems. (Not to mention, the namesake of a Teenage Mutant Turtle.) No, we’re talking about the Da Vinci Project, a private-sector collaborative working to define common interoperability standards for healthcare. An HL7 blog notes, “Under the leadership of over 45 prominent industry providers, payers and vendors, the growing Da Vinci community is standardizing the building blocks necessary to support organizations like yours to make the shift to value-based care (VBC) a reality.” What do HL7® FHIR® APIs… Read entire article here
Milestone provides clear evidence the company is achieving its vision of becoming the essential platform that powers and enables value-based healthcare. MESA, Ariz., July 26, 2022 — Myndshft, the fully automated end-to-end prior authorization platform, today announced that it has reached one million patients served. Myndshft technology addresses the needs of both providers and payers by automating the complex, time-consuming administrative processes that undermine patient care. “We started this company with a singular mission: to free people up to focus on patients. This milestone is a credit to the incredible effort of our Myndshft team and network of partners,” says… Read entire article here
