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Coronavirus

Graph showing negative and positive growth overlaid over a suit-clad figure.
Coronavirus

How AI/ML Based Solutions Are Helping RCM During Post Covid

Covid-19 has had severe economic impacts on the healthcare industry and has affected the financial stability of patients. Ultimately, revenue cycle management has also been impacted by the pandemic. However, medical practices are implementing Artificial Intelligence and Machine Learning tools to improve RCM operations Predictive Analytics Developing new software has Read more…

By Data-Core Healthcare, 1 year1 year ago
Graph showing negative and positive growth overlaid over a suit-clad figure.
Revenue Cycle Management

How to Avoid Negative Operating Margins Amid Vaccine Rollouts

Many hospitals will see negative operating margins despite the best-case scenario of smooth vaccine rollouts and reduced COVID-19 hospitalizations according to a Kaufman, Hall & Associates, LLC report released by the American Hospital Association (AHA). 39% of hospitals will operate “in the red in 2021,” the report claims. This year, Read more…

By Data-Core Healthcare, 2 years2 years ago
Empty hallway leading to light at the end.
Coronavirus

Effect of COVID-19 on Hospital Visit Volumes

A recent evaluation of 500 hospitals in the United States shows the volume of hospital visits leveling out below pre-COVID-19 amounts in the latter half of 2020. Experts expect these levels to serve as a new baseline for 2021 hospital visit volumes. David Wojczynski, President of TransUnion Healthcare said, “The Read more…

By Data-Core Healthcare, 3 years7 months ago
A laptop showing a dashboard on screen with various metrics and charts to reflect performance. Represents data analytics.
Coronavirus

Predictive Forecasting for Pandemic Recovery

Healthcare institutions’ revenues have fallen short of expectations due to the COVID-19 pandemic. Healthcare executives have been altering processes and taking decisions on an as-needed basis during these unprecedented times. In the report “Top Health Industry Issues of 2021,” PwC’s Health Research Institute (HRI) has suggested the use of predictive Read more…

By Data-Core Healthcare, 3 years3 years ago
A person preparing a vaccine or injection for use.
Coronavirus

Vaccines Effective in Preventing COVID-19

For the past nine months, researchers have been racing to create a vaccine to effectively prevent COVID-19. Various government health agencies have come together to work towards a goal of safely distributing 300 million doses of a COVID-19 vaccine by January 2021. This effort is known as Operation Warp Speed Read more…

By Data-Core Healthcare, 3 years3 years ago
Close up of a mobile phone with Coronavirus covid-19 news update. There is a health benefits claim form in the background. The phone is being held and has an image of hand washing hygiene.
Coronavirus

How to Improve COVID-19 Related Claim Denial Rates

Payers denying healthcare insurance claims is something we all are very familiar with. Whether the claims are denied for missing information, incorrect medical coding, or anything in between, 9% of claims are initially denied, on average. The national pandemic has caused its fair share of additional denials. New Jersey Hospital Read more…

By Data-Core Healthcare, 3 years3 years ago
Coronavirus

Medical Groups Outline Recovery Timeline From COVID-19

Medical group and health system executives believe it will take at least a full year to recover from the revenue losses due to COVID-19, according to a survey conducted by the American Medical Group Association (AMGA). The survey of 95 executives concluded that 41% of healthcare systems and 36% of Read more…

By Data-Core Healthcare, 3 years3 years ago
Group of people over a table with reports. Demonstrating the concept of brainstorming or discussion regarding financial impact of COVID on Healthcare ecosystems.
Coronavirus

Financial Impact of COVID-19 on Healthcare Ecosystems

There is no doubt COVID-19 has brought uncertainty across all areas of life. From a rising unemployment rate to extended stay-at-home orders, American citizens are wondering how to prepare for the “new normal.” Hospitals and health systems are at the forefront of the combat against this pandemic including instilling a Read more…

By Data-Core Healthcare, 3 years3 years ago
Person using calculator and holding receipts. There are various bills and cheques around. Meant to represent how provider relief fund can help providers during COVID.
Coronavirus

COVID-19: Provider Relief Fund

Healthcare providers have access to the Department of Health and Human Services (HHS)’s Providers Relief Fund, of approximately $100 billion, through the Coronavirus Aid, Relief, and Economic Security (CARES) Act (PL 116-136). The Providers Relief Fund assists healthcare providers with expenses or COVID-19 related revenue loss. While half of the Read more…

By Data-Core Healthcare, 3 years3 years ago
A clipboard with a pen and glasses on it, a notebook with a thermometer, a glass of water, a phone, a spare keyboard, a few files with a stethoscope on top of them, a pen holder and a medical professional's hands shown working on a laptop
Coronavirus

New COVID-19 Medical Billing Codes

Medical coding is a standardized method to assign alphanumeric codes for medical diagnostics, surgical and external procedures to generate billing for an episode of care. Medical coding professionals translate the medical records and providers’ notes to create a claim to send to insurance carriers as a part of the medical Read more…

By Data-Core Healthcare, 3 years7 months ago

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