No amount of training that you and fellow medical professionals have undergone could have prepared you for the massive hit to the economy with the advent of the novel coronavirus pandemic in 2020.

If you don’t know what’s happening inside your practice in the back office in terms of billing and accounts receivable, how can you expect to determine the status of your organization? Are you meeting your financial goals or falling short? And depending on whether the answer is “yes” or “no,” how will you make a plan to either continue with the improvements or to stop a downward trend in profits?

The novel coronavirus pandemic causing COVID-19 infections to rampage across the planet has caused the healthcare industry to make some major changes. To help patients and medical staff stay socially distant as much as possible to avoid spreading disease, many organizations have adopted telehealth solutions.

Whether you are already a medical industry professional or have an interest in medicine and would like to expand your knowledge, it pays to make maximum use of your time as you learn. Busy people who want to stay on top of healthcare industry developments, innovations, and the latest news may not be able to devote much attention to reading books or journals, let alone watching lengthy documentaries.

How is the flow of revenue going in your health system? If you’ve been taking care of medical billing internally with your own staff, it’s possible that there is some room for improvement. There is no need to put up with outsourcing medical billing services problems when a solution is readily available.

When it comes to improving the flow of revenue in your healthcare organization, it pays to use the latest software and technology. To get the most out of modern Revenue Cycle Management (RCM), many are turning to the machine learning solutions of artificial intelligence (AI).

Delivering healthcare today is a more dynamic and complicated process than in the previous century. While we enjoy the benefits of advanced technology, which improves how we collaborate with external partners and accelerates treatment planning, there are regulatory compliance issues to contend with that add layers of effort.

It’s all hands on deck when it comes to responding to the COVID-19 crisis. Medical scientists and computer scientists are working toward a common goal to improve how we gather healthcare data and then store and analyze it.

We’ve all been through a lot of financial uncertainty brought on by the early stages of the COVID-19 pandemic. Healthcare institutions have had their share of financial turmoil. Practices large and small are now trying to build back up.

It’s no secret that the more you can standardize and automate processes, the more efficiently you can run an enterprise. There’s a timeline you can draw from the dawn of Henry Ford’s automotive assembly lines to the age of computerization and the ICD-10 codes we use today as standardized, universal descriptions for diagnosing and treating patients.