The digital revolution is in full swing throughout the world. Mail volumes declined by five billion pieces or almost four percent in 2017. Online shopping increased six times faster than brick-and-mortar shopping during the 2017 holiday shopping season, while a record 7,000 retail stores closed or were set to close in 2017. Tech giants like Apple, Amazon and Uber are changing the world we live in by placing access to more and more at our fingertips. Yet, healthcare’s resistance to
Surveys find that paperwork and administrative chores are a key source of physician burnout, but healthcare has been slow to catch up with other industries in going paperless. InstaMed CTO and Co-Founder Chris Seib examines the impact that paper is having on healthcare efficiency, and shares tips on what the industry can do to fight this trend.
Read the full article, Paper Is Hurting All Healthcare Stakeholders, in the American Journal of Managed Care.
As students and parents get ready for a new school year, it’s a good time to regroup and set up new goals for the upcoming fall and winter months. While students go back to school shopping, healthcare should consider picking up some new tools and best practices for healthcare payments.
Here are five “back-to-school” lessons healthcare organizations can learn before taking on the new year ahead:
Utilize Omnichannel Payment Options
Crayons, markers or colored pencils… Which is your preference for coloring? Students all
Healthcare is one of the last industries where the majority of information is primarily transmitted via paper, including: EOPs, EOBs, mailed paper statements, paper check payments, etc. Overall, the ability to support these paper-based transactions requires manual processes that cost payers significant resources – consider that 16 percent of total healthcare spending is on administrative costs. Take a look at our infographic below for more on the true cost of paper in the industry.
Healthcare is expensive in this country. Heavy reliance on paper costs the healthcare industry billions. Some estimates put that waste as high as $300 billion dollars a year. So, what can be done to eliminate paper from healthcare?
Going paperless is a challenge to organizations of all sizes and types, requiring them to invest in new technology, change workflows, retrain employees – and the list goes on. It is very likely that somewhere along the line, someone at your organization decided