by Jordan Mulford | Sep 27, 2023 | Healthcare
Managing the revenue cycle efficiently is crucial for the financial health of any healthcare organization. Yet, the complexities of billing, claims processing, and compliance can be overwhelming. According to a study from CWH Advisors conducted November 2022 through...
by Jordan Mulford | Sep 20, 2023 | Healthcare
When it comes to selecting a revenue cycle management (RCM) service provider, many healthcare organizations may be tempted to opt for the lowest bidder in hopes to save on cost. This strategy can often come with hidden drawbacks that can negatively impact the...
by Jordan Mulford | Jul 19, 2023 | Healthcare
The Impact of Inflation in Healthcare As healthcare costs rise, patients face increased financial burdens, particularly with medical debt. Healthcare debt can significantly strain individuals and families given the rising cost of drugs, medical equipment, and...
by Jordan Mulford | May 23, 2023 | Healthcare
In a significant move aimed at easing the financial burden on individuals, the Consumer Financial Protection Bureau (CFPB) recently made an announcement that credit reporting on medical debt under $500 has been cancelled. The CFPB aims to provide individuals with an...
by Jordan Mulford | Nov 29, 2022 | Healthcare, Technology
Medical debt collection is a rising concern driven by rising healthcare costs which have been escalating for years. Healthcare debt is one of the biggest – if not the biggest – sources of debt for many Americans. The Consumer Financial Protection Bureau (CFPB), which...
by Jordan Mulford | Oct 28, 2022 | Healthcare, Technology
Healthcare Ransomware Attacks Have Recently Spiked The average cost of a data breach in the U.S. is $9.44M — twice the global average. And according to the most current Cost of a Data Breach Report, healthcare was hit the hardest for the 12th year in a row,...
