Blockchains Security can Help Healthcare Records Stay Secure

35% of health and life sciences companies say they’ll create a blockchain.
 

Internet of Things Market to Hit $117B

8.4 billion connected devices can share health data with providers.
 

Health Data Management Publishes Lathrop Technology, Patient Payments Article

Build long-term patient relationships by supporting healthcare consumerism.
 

Lathrop Article on “Patient Financials” Published by Health IT Outcomes

Health IT Outcomes has published an article focusing on the importance of providing financial information to patients at the time of service.

Prior Authorization: How a Real-Time, Automated Solution Benefits Providers

Prior authorization is a headache for patients and providers. It’s a time-consuming process: physician offices spend hours getting approvals from health plans to cover medications and specific medical procedures.

Physicians Practice Publishes Lathrop “Provider Challenges” Article

TPS President Kevin Lathrop addresses challenges facing providers in 2018
 

Three Developments Impacting Providers in 2017

Technological advances in the healthcare industry are among the most interesting developments every year, and 2017 was no different. For my end of the year look-back, I’m going to focus on three areas that experienced significant growth and became more mainstream for providers and patients.

65% of Denied Claims Never Resubmitted to Payers, Causing Provider Revenue Loss

Denied claims are so commonplace in medical practices, nearly 65 percent of them are never reworked by providers. That’s just tossing away money that the practice has already earned for treatments and consultations staff have already provided. A full 50-65 percent of denied claims are never reworked and resubmitted, according to the Healthcare Business Management Association.

Becker’s Publishes Lathrop “3 Tips to Improve PHI Security in Healthcare” Article

Every five minutes, every day of the week, nearly 20,000 data records are lost or stolen. In 2016, more than 15 million people had their identities stolen. All told, approximately 41 million Americans have had their identity stolen.

Workers’ Compensation Insurance Workflow Management

On-the-job injuries and illnesses are common, with nearly 3 million reported in 2015 by U.S. employers. Of that 3 million, 2.8 million were injuries.

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We help physicians, hospitals and health systems simplify business processes and get accurate payments quickly. We will always look for new ways to help you improve revenue and increase cash flow. We will stay ahead of regulatory changes so your office will never struggle to keep up. All so you can focus on the one thing that really matters: doing what is best for your patients.

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