January 16, 2023
How Prior Authorization Software Takes Your Patients’ Intake Experiences to a New (Nicer) Place
by Susan Lawson-Dawson | Prior Authorization
The transition from patients to healthcare consumers has been underway for a while, but in the wake of the pandemic, the process accelerated. By the end of 2021, the tide had shifted in favor of consumerism. Reporting on a survey by healthcare experience analytics firm Press Ganey, Forbes noted that results revealed “... the ascendance of consumer shopping behavior—and its potential importance to healthcare providers.” Adopting digital solutions like prior authorization software can help to set the right tone from the start. But first, let’s take a look at why and how patient expectations have changed. Providers face a higher… Read entire article here
Recently the Association for Clinical Oncology (ACO) released the results of a 2022 survey on prior authorization and cancer treatments. The findings support what we already know: prior authorizations create an administrative burden for providers and impede critical care for patients diagnosed with cancer. Take a closer look at the challenges uncovered by the survey and learn how prior authorization software addresses barriers to optimal cancer care. Prior Authorizations Demand Full-Time Attention In an article about the survey results, OncLiveⓇ explains, “Settings of the participants were well balanced across community or hospital-based health network (35%), private practice (34%), and academic… Read entire article here
A few decades ago, healthcare lagged well behind banking, retail and other industries when it came to digital transformation. Passage of the Health Information Technology for Economic and Clinical Health (HITECH) Act in 2010 put healthcare providers on the path for adoption and meaningful use of health IT. According to the Office of the National Coordinator for Health Information Technology (ONC), only 9% of non-federal acute care hospitals and 17% of office-based physicians had adopted EHRs in 2008. By 2021, those numbers hit 96% and 78% respectively. The journey has not been easy. When healthcare providers began making the switch… Read entire article here
December 1, 2022
Why Prior Authorization Software Is the Revenue Stream Multiplier You Want
by Susan Lawson-Dawson | Healthcare Technology
As a Software as a Service (SaaS) provider, you’re probably quite familiar with the Rule of 40. As McKinsey & Company explains, the Rule of 40—that a company’s growth rate plus free cash flow rate should equal 40% or more—is a “... favorite of SaaS industry watchers, including boards and management teams, because it neatly distills a company’s operating performance into one number.” Unfortunately, McKinsey research also suggests that only 33 percent of SaaS organizations hit that mark and even fewer sustain it long term. Exceeding the 40% mark is even more rare, with only 16% going above and beyond.… Read entire article here
