July 2019 Newsletter
Prior Authorization Edition
Prior authorizations continue to be a major issue for providers across the country. A 2018 AMA survey found that physicians and their staff spend 2 business days (14.9 hours) per week completing prior authorizations and 91 percent of providers agreed that prior authorizations delayed patient care.
By automating the prior authorization workflow, you’re guaranteed faster approvals and fewer denials–immediately increasing your cash flow and improving patient satisfaction.
In this latest edition of the Infinx Healthcare newsletter, we review recent contributions to our blog, what we are currently reading, and what’s in the news, all spotlighting the use of artificial intelligence (AI) and automation in the prior authorization workflow.
From Infinx’s Blog
With the administrative burden placed on staff to execute and manage the prior authorization process it’s estimated to cost $11.18 per manual approval (vs. $2.18 per automated). Minimizing these factors through automation and supporting specialized guidance can positively impact the bottom line. More
The January 1, 2020 mandatory implementation date approaches for radiology practices, outpatient imaging centers, and hospital facilities and will be required to consult a CDSM, where they can access AUC that will greatly enhance the clinical decision experience. Here is what you need to know. More
Whether utilizing an internal billing and coding department or using a third-party solution, a proactive approach to the healthcare payment lifecycle sets the stage for successful revenue management. Here are the updated Radiology Coding Guidelines for 2019. More
The prior authorization process is viewed as one of the most time-dependent functions and only 23% of healthcare organizations use an automated process. By embracing AI-driven technology, stakeholders could see a collective annual savings of $273M and patient satisfaction improvement. More
What We Are Reading
Annual Meeting of the Florida RBMA
& Florida Radiological Society
July 19-20, 2019
Visit us at the show
AHRA Annual Meeting
July 21-24, 2019
Visit us at booth 206
Download our Case Study to learn how we helped an East Coast Medical Imaging Center automate their prior authorization workflow from referring physicians and increased their daily revenue by $750-1000 per day using our cloud-based Prior Authorization Software. See how our scalable and automated solutions can improve your practice’s prior authorization workflow.