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Bradley J. Schmidt
There is a new powerful and new healthcare pricing website - called #SageTransparency - which I wanted to share the weblink for to anyone looking for healthcare cost data. See link below: https://lnkd.in/edgbF5bt In looking at our own market (Northern California) for radiology rate pricing, Sage is showing a price range variance between 431% to 1,065% - compared to Medicare - for benchmarked pricing. For transparency purposes, I was curious how our own non-profit, NCPIC, priced versus the Northern California market, and it was discovered our health pricing is approximately 80% less costly - which can translate into savings of up to $16,000 regionally, simply on location choice. Its important for healthcare modernization to include pricing modernization - considering inflation, medical insurance costs, and copays - so review Sage Transparency data and let me know what you discover. Great work Employers' Forum of Indiana and RAND for creating this platform; very helpful in understanding cost data. #nonprofit #price #transparency #costdata #Sage #ERISA #innovation #modernization #deductible #savings
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Sid Trivedi
$1.6 billion. That's what UnitedHealth Group projects as the total earnings impact in 2024 of the February Change Healthcare #ransomware attack. This includes both direct response costs (e.g. platform restoration and increased medical care expenditures) and business disruption impacts (e.g. lost revenue). The figure is now so large that it shows up in the net earnings calculation as part of the first-quarter 2024 financial results announced on Tuesday. And remember that UnitedHealth hasn't yet disclosed the amount of personal #data breached in the hack - it needs to do this within 60 days of learning about the breach, and that time expires next week. The damage could get even worse. More needs to be done to detect and prevent ransomware. 10-figure costs should not become the norm. If you're a #founder working on a new idea, please reach out! Reuters Article: https://lnkd.in/gXBQ5pwb P.S. In case you're wondering, I have lots of thoughts on Lacework/Wiz but waiting for a little more information before sharing a post. Rumors are just rumors.
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So Much Untapped Data . . . If 80% of hospital leaders trust the accuracy of their organization’s data, then why is so much of that data untapped when it comes to making clinical and business decisions? Here’s what 100 hospital professionals at the director level and higher had to say about the critical importance of analytics. #HealthcareAnalytics #HealthIT #BigDataHealthcare https://lnkd.in/e7ANYGGy
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Patrice Wolfe
Advanced analytics can be an immensely powerful tool for revenue cycle management leaders, especially when revenue is gradually eroding due to small leakages. Without proper identification and intervention tools, underpayments can silently deplete revenue. At AGS, we empower healthcare organizations to monitor underpayment activity and utilize intelligent automation and professional services to recover revenue at scale. Moreover, we equip them with tools to identify the root causes of underpayments, facilitating better negotiations of future payer contracts to prevent underpayment issues.
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In an era defined by rapid technological advancements and evolving market dynamics, staying ahead of the curve is essential for healthcare supply chains to be successful. A recent Gartner article outlining the 2024 Supply Chain Trends highlights one trend that supports automating your healthcare supply chain: Machine Customers: Non-human entities that autonomously purchase goods or services, contributing to the supply chain ecosystem. Our scales empower you to seamlessly integrate these machine customers into your operations, ensuring smooth workflows and enabling automated order fulfillment without the need for human intervention. If you’re interested in learning how automating your supply chain can help your organization, visit parexcellence.com #HealthcareSupplyChain #Automation #Innovation #GartnerInsights
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