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…
A report by Corvus indicated a 350% increase in ransomware attacks on health care companies in Q4 of 2019 compared to Q4 of 2018. The later part of 2019 was filled with reports of ransomware attacks on a variety of IT vendors that work with many healthcare organizations such as Read more…
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…