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DATA CAPTURE MARKET SET TO EXPAND DRAMATICALLY — ARE YOU ON BOARD?

In Data Capture by Will Pfeifer

According to a recent report , the global data capture market is expected to grow dramatically over the next decade, driven by an “increasing number of technical innovations” as well as the “overall digital transformation” around the world.” The report explains: “The growth of economies through digitalization is one of the significant factors driving giants to invest in digital transformation …

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MAINTAIN BUSINESS CONTINUITY WITH TOUCHLESS INVOICE PROCESSING

In AP Capture, AP Workflow, Centralized Mailroom, Data Capture by Will Pfeifer

The recent COVID-19 pandemic is having an overwhelming – and ongoing — impact on business. Across the US, and around the world, organizations are facing the difficult challenge of adapting to the quickly changing business landscape and implementing new solutions to keep their business moving forward. Many organizations are finding it challenging to implement AP solutions that their now-remote workforce …

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LOOKING TO REMAIN COMPETITIVE? FIND A SOLUTION DRIVEN BY AI

In Artificial Intelligence, Uncategorized by Will Pfeifer

A recent article on MarketWatch.com proclaims artificial intelligence implementation is “the next big thing” in the data processing realm. The reason? AI improves decision making in a greatly reduced time and with greatly improved efficiency. By utilizing robotic process automation (RPA), machine learning, and data analytics and predictive modeling, an AI-driven solution offers these benefits: AI augments manual repeatable tasks, …

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WHAT’S THE KEY TO A SMART DIGITAL STRATEGY? OUTSOURCING YOUR INSURANCE WORKFLOW

In Workflow - Insurance by Will Pfeifer

According to a report by McKinsey & Company, though insurance providers are dramatically increasing their use of digital tools and technologies, many of the most significant opportunities to take advantage of these developments remain untapped. To make the most of these technological advances, insurance providers need to increase their reliance on digital tools. Among the the questions they should ask …

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DOCTORS, INSURERS EMBRACE TELEMEDICINE, BUT OBSTACLES REMAIN

In Telemedicine by Will Pfeifer

With many aspects of modern life moving, at least in part, to the virtual world, it’s no wonder that medical care would do likewise. Telemedicine, with physicians offering diagnosis and treatment via phone or online connection, has grown dramatically in the past few years and is sure to become even more popular as technology improves and acceptance grows. Here, according …

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DATA DIMENSIONS COMMITS TO REDUCING PROCESSING TIME FOR VETERANS BENEFITS

In Uncategorized by Data Dimensions

Data Dimensions has implemented a new process improvement initiative for the work we do for the Veteran’s Benefit Administration (VBA). The ultimate goal is to have veteran claim related documents complete their trip through our workflow in only six hours. The “We’ve Got Your 6” initiative means that the VBA will get the data they need much sooner and, most …

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GROWTH PREDICTED FOR FIELD OF MEDICAL BILL PROCESSING

In Medical Bill Processing, Uncategorized by Will Pfeifer

The field of medical bill processing is in line for potentially major growth, according to a Business Wire report. Among the headlines: The domestic medical billing outsourcing market is poised to reach $7.8 billion by 2026, which is a compound annual rate of 11 percent. The aging baby boom generation and the rising number of chronic diseases among both older …

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IGNORE MODERN BILL PAYMENT TECHNOLOGIES AT YOUR OWN RISK

In Medical Bill Payment by Will Pfeifer

Despite increasing focus on new technologies, many health organizations have not yet begun to benefit from their digital investments. According to a survey of payer and provider executives by PwC, 38 percent of respondents said their organizations have not incorporated digital into their corporate strategies, and many told PwC that they “still do not see digital efforts paying off in …

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CLAIMS ADJUDICATION IS COSTLY AND COMPLEX, BUT THERE IS A SOLUTION

In Medical Claims Adjudication by Will Pfeifer

Medical claims adjudication remains a time-consuming and costly process for both providers and patients. The ultimate goal is real-time adjudication, with claims being processed so quickly that the practice would know its expected reimbursement and patients would now what they owed. This would speed up the process – and reduce costs – for all involved. But various barriers have prevented …

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IS YOUR COMPANY’S DIGITAL VOICE RECORDING SOLUTION HIPAA-COMPLIANT?

In Digital Voice Recording by Will Pfeifer

Organizations that rely on Digital Voice Recording for medical record purposes need to be concerned about more than just accuracy, expense and ease of use. They also must be sure that whatever Digital Voice Recording solution they rely on is HIPAA-compliant. Among the requirements: Encrypted local storage: All patient records must be encrypted using AES-256 bit encryption (or stronger), according …