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28Jul, 2017

Healthcare’s Disruptive Transition – Part 4

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One of the things that continues to shock us in healthcare are the costs to administer the back-office, or the cost to generate, send, process, pay and receive a medical claim. How big is this administrative cost of healthcare in the U.S.? What if we told you that the healthcare administration costs are approximately $333,000,000,000 USD (three hundred thirty-three billion USD) per year. Would you believe your eyes? Yes, the United States of America spends more in healthcare administration than many, many countries spend on healthcare in total! For instance […]
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19May, 2017

EHRs: We Have Barely Scratched the Surface

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For the last six years, the rush to install electronic healthcare records (EHR) in the entire United States healthcare industry, has been driven almost exclusively by the U.S. government’s proverbial “carrot and stick” approach. Originally, it offered $30 billion (USD) in incentives that one day in the not-too-distant future will be deemed wasted – this was the “carrot.” The “stick” was the mandated reductions or penalties in reimbursement if providers did not comply. Today that penalty is 3% of all government paid healthcare, increasing to 5% in 2019. We must […]
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