Blog Posts by Tag: Technology
U.S. HealthTek: Considering a New LIS? What You Need to Know
Enjoy the following content from our strategic partner, U.S. Healthtek. Here at U.S. HealthTek, we’re seeing a greater interest in new and upgraded laboratory information systems (LIS). This is a little something I know about. When I started my career in the healthcare industry in the mid-1980s, one of my initial projects was to build a lab system for National...
How the Most Successful Laboratories in the Country Continue to Thrive in the Midst of an Increasingly Complex Reimbursement Environment
The business of laboratory revenue cycle management (RCM) becomes more complex every day; with reductions in reimbursement, increasing rejections and denials, payor specific billing rules, shifting financial reporting and accounting requirements (PAMA, FASB ASC 606, medical economics reporting), OIG and EKRA (false claims) compliance standards, malware and ransomware attacks, etc. Once there was...
Improving Operational & Financial Performance – Why EHR Revenue Cycle Modules Aren’t Enough for Hospital Labs (Part 3)
As discussed in Part 1 and Part 2 of this 4-part series, hospital outreach and outpatient laboratories are often asked to use the hospital’s enterprise revenue cycle management (RCM) module that is offered as part of the EMR/EHR software in an attempt to save money or accelerate the return on investment on the enterprise software system. While this may seem like a smart, economical decision, it...
Key Themes from the Precision Medicine Institute Symposium
Earlier this month I attended the Precision Medicine Institute Symposium 2019 in New Orleans where I had the privilege of presenting Precision Medicine Informatics: What Hospitals, Physicians, and Payers Need to Know about Challenges, Approaches, and Best Practices. The one and a half day symposium organized by the Dark Intelligence Group provided an opportunity for trailblazers in the field...
What does the Amazon, JP Morgan, and Berkshire Hathaway Partnership Mean for Laboratories?
Amazon, JP Morgan, and Berkshire Hathaway announced they are planning to get more involved with healthcare, particularly to lower costs. This partnership is initially focusing on reinventing healthcare for their employees, as the three firms form an independent healthcare company for their employees in the United States.As healthcare costs for employers and employees continue to rise, as do...
5 Best Practices: Secure Value from Digital Transformation Initiatives
The digital transformation wave is going to push your laboratory and profession to their limits if it hasn’t already. From the flood of leading-edge diagnostic specialties to the increasing volume of clinical data and the importance of multidisciplinary team collaboration, today’s healthcare agenda requires the right health information technology and data strategies that deliver timely diagnostic...
Usage of Artificial Intelligence (AI) in Clinical Decision Making
This week XIFIN will be speaking at the Molecular Medicine Tri-Conference. This is the 25th annual conference and this year it is expected to have an estimated 3,700 thought leaders present.I will be discussing artificial intelligence (AI) vs. medical doctor. I feel AI and machine learning in pathology would have to complement the regular clinician’s assessment of certain disease states and...