Every year, PwC Health Research releases an annual report on top issues facing healthcare for the upcoming year, and the 2017 report forecasts “a year of uncertainty and opportunity” ahead for the industry. Organizations can have a successful year, despite these mixed forecasts, by hunkering down and kicking off the year with a productive first quarter that will yield results throughout the year. Below are the key areas you can focus on in the first quarter to position your organization to make the most out of 2017.
- Figure Out How to Reduce the Amount of Paper at Your Organization
As the industry continues to grow, paper in healthcare will be unsustainable to any business model. Healthcare organizations must find ways to move to electronic delivery of healthcare data and payments to streamline healthcare payments and reduce the heavy financial burden and inefficiencies of paper. Here are some ways to reduce the paper at your organization in the first quarter to see savings throughout the year.
- Make Connections With Colleagues and Industry Innovators
The only way to keep ahead of trends and changes in the industry is to stay informed and educated on relevant topics and innovations. The internet is flooded with sources of information to help you stay abreast of industry news; however, how does the information apply to you? Connect with your colleagues and industry innovators to share ideas, experience and potential opportunities for collaboration. Here are the networking opportunities in the first quarter to get you started:First, HIMSS17 is the biggest event in health IT and sure to have plenty of opportunities for knowledge-sharing and connections. You can join the conversation at HIMSS17 with InstaMed at an exclusive evening event after the Opening Reception.
The InstaMed User Conference 2017 will bring together providers, payers and partners in one place to talk about healthcare payments. Featuring education tracks for providers and payers with sessions hosted by industry experts, the InstaMed User Conference 2017 is the can’t-miss healthcare payments conference of the year.
- Prioritize Security for Your Organization
Security must be top of mind throughout 2017 or you could be leaving sensitive information exposed for a potential breach. Noah Dermer recently outlined a list of New Year’s resolutions for healthcare payment security in the InstaMed Security Corner. This list is a good place to start when evaluating how to approach security at your organization and gives actionable tips on how to strengthen security at your organization.
- Deliver on the Promise of Price Transparency
Rising consumer payment responsibility has changed how consumers approach visits to providers. In a survey of consumers by LHK Partners, 91% of consumers think it is important to know payment responsibility prior to a provider visit. Consumers want to know upfront how much they will owe and then understand how to make payments. Estimate payment responsibility to deliver on this promise of transparency in a way that helps the consumer experience. You can read more about this here.
- Leverage the Power of Integration for a Seamless Flow of Information
Many healthcare organizations use multiple systems for billing, payments and patient records, which are disparate and require manual inputs to share data. The more systems and processes you try to connect, the more inefficiencies you create. Healthcare organizations can leverage the power of integration to access data across existing systems to create efficiency and reduce costs and errors of manual work. Learn more about why you should focus on integration in the first quarter and how you can benefit from it in 2017.