Historically, marginalized communities have faced inequities in healthcare, but the COVID-19 pandemic shined a light on the disparities like never before. Age-adjusted data analysis by the Kaiser Family Foundation (KFF), for example, found that African Americans, Latinx, Native Americans and Native Alaskans all experienced higher rates of COVID-19 infection and death compared to Caucasians. No single solution can solve such a complex and entrenched problem, but technology like prior authorization software helps eliminate one well-recognized barrier to care. Let's delve deeper into how these disparities manifest and how automated prior authorization can close the gap. Unraveling disparities in the wake… Read entire article here
Navigating our healthcare landscape often feels like wading through a sea of administrative hurdles—with prior authorizations recognized as one of the most frustrating. For ancillary service providers like diagnostic labs, it can feel like the prior authorization bar is set even higher. Our newly announced collaboration with Shadowbox bridges crucial gaps. Together, Shadowbox instant healthcare automation enables fast integration of Myndshft prior authorization software and facilitates data sharing across different web applications and data silos. This streamlines the prior authorization process within established workflows you rely on. Our combined solution signifies an evolution in process efficiency but also addresses the… Read entire article here
In testimony to Congress several years ago, Harvard Applied Economics professor David M. Cutler, PhD likened administrative costs to an “economic arms race.” He explained that pressure to reduce spending frequently takes the form of payers setting additional administrative requirements like prior authorization to rein in costs. This tactic, however, increases the administrative burden for payers and providers. Ultimately, Cutler suggests, “The net effect is a spiral of cascading administrative costs on both sides of the market, with no benefit to patients and no net benefit to insurers or providers.” And patients are caught in the middle. Enter prior authorization… Read entire article here
Prior authorizations play a crucial role in the revenue cycle. The process greatly impacts reimbursement and patient access to care, and consequently, the financial performance of healthcare organizations. To simplify the process and reduce denials, a growing number of healthcare providers have pinned their hopes on prior authorization automation. The benefits of adopting prior authorization automation Prior authorization automation shows promising results across the healthcare industry. Reporting on a recent survey, HealthLeaders notes that 78% of respondents saw improved financial performance following implementation of automated prior authorization. What contributes to better bottom lines? Automation eliminates repetitive data entry, improving staff… Read entire article here
