Building healthcare supply chain software in 2022: How To Get Started

With the onset of the COVID-19 pandemic, the supply chain in healthcare was forced to evolve at an unprecedented rate to keep up with the rapidly transforming demand dynamic. In healthcare, supply chain management witnessed a paradigm shift in the logistical landscape that forced healthcare organizations to look at innovation to survive. No longer will traditional legacy systems of supply chain healthcare be sufficient. Healthcare supply chain solutions of the new age need to adopt a resilient and robust framework to keep up with the demand of the new age. According to a recent study, almost 87% of supply chain organizations invest in innovative technology to boost their profitability.

At OSP, a US-based client was using another 340B management system. However, that system didn’t address the client’s evolving needs. The main task of the client was to have a complete healthcare supply chain management system to identify patient eligibility, manage inventory, provide real-time updates, manage distribution and tracking of drugs, and create agile reports.

For more:

https://www.osplabs.com/insights/how-to-build-healthcare-supply-chain-software/

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What is the Medical Coding System & Its Benefits?

What is Medical coding system? The clinical coding software solution is defined as a simplified transformation of diagnosis, clinical procedures, treatments, and instrumentation into ICD-10 writing. This medical encoding is nothing but a translation engine that interprets the information of the clinical procedure into predefined codes. This process is also known as medical coding solutions which do the work of ensuring that the medical codes are applied correctly during the billing process. The data that it consists of the patient’s condition, the doctor’s diagnosis, a prescription, and whatever procedures the doctor or healthcare provider performed on the patient, and turn that into a set of codes. Coding systems in healthcare also permit uniform documentation between medical facilities. The code for the raw throat is the same in Arkansas as it is in Texas. Having similar knowledge allows for efficient analysis that government and health agencies use to trace health trends way more

Denial Management in Medical Billing

Denial Management deals with unpaid claims and is considered an essential aspect of revenue cycle management. It can swiftly pinpoint why the shares are being denied to prevent mistakes again. The rising issue of Patient Responsibility is causing more rise in claim denial management . High deductible health plans for the patients who share responsibilities for payments cause more pressure. Value-Based Care denials influence the profitability of Revenue Cycle Management. The rework which is done to the denial claims and appeals hinders the revenue cycle improvement initiatives.

The Future of Connected Health: Challenges & Strategies Ahead

As healthcare demands, reforms, and accessibility increase, healthcare organizations are faced with the challenge to provide higher quality care at lower costs. This need was enhanced with the establishment of the Affordable Care Act (ACA), which mandated that access to healthcare must be expanded as far as possible. Connected healthcare is a term being heard more and more often, but before we dive into the future of healthcare, it would be wise to take a look at how we got here. With the devastating effects of the pandemic, caregivers are now looking toward adopting connected home health technologies like never before. Smart and connected health is now proven to be one of the most effective strategies toward providing better care at reduced prices. Learn more:- https://www.osplabs.com/insights/future-of-connected-health/

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