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Healthcare IT, The Invisible Shortage

There is much discussion today about personnel shortages that challenge our nation as a whole.  Specific to healthcare, the nursing shortage has been pushed to the forefront with hospitals struggling to employ or contract enough nurses to handle the patient population.  Additionally, personnel shortages can be found throughout the hospital and especially back-office positions.  Necessity is forcing more and more hospitals to automate revenue cycle processes historically performed by team members to keep up with needs.  The…

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HUNTSVILLE VOTED #1 PLACE TO LIVE!

Huntsville voted #1 Place to Live! We’re Number 1!  Huntsville Alabama was recently designated the best place to live in the United States by US World News & World Report.  MedCo was founded in Huntsville 28 years ago and we’re proud of our home city and its residents! Known as “The Rocket City”, Huntsville has rapidly changed from a sleepy southern town that in the 1950’s gave birth to NASA, to one of the nation’s most high-tech…

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Automating Your Claim Status Process

A recent study by CAQH estimated the healthcare industry could save 122 billion dollars through expanded automation of processes.  The same report stated follow up on insurance claims range from 3 – 17 minutes per claim.  By incorporating Automated Claim Status in your AR follow up efforts you can… Reduce FTE cost by more than 40% Project cash more accurately Identify claims not present with payers Prevent timely filing Work denials more efficiently Learn More Doing more…

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Celebrating Diversity in April

“Diversity is the one true thing we all have in common.. Celebrate it every day.“ – Winston Churchill  Since 2004, April has been known as diversity month. This month is to help people gain a deeper understanding and appreciation of each other and our differences. 2022 brings multiple opportunities to learn more about diversity and those around us. World Autism Awareness Day, Ramadan, Easter, and Earth Day are just a few chances to celebrate this April. As…

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2022: The Year of Automation

Automation is not new to healthcare revenue cycle.  For several years now companies have began introducing automation into healthcare.  Typically, the slow adoption rate has been caused by limited IT resources and what was sometime considered lower ROI.  “The juice wasn’t worth the squeeze” when considering the IT time required to adapt the automation when so many other areas demanded IT bandwidth.  That all changes in 2022. So, what causes the change?  Necessity.  Most healthcare systems are…

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Heart Healthy for American Heart Month

There’s no better time than February, “the month of love”, to pause and focus on heart health. Doing so improves the way we feel, perform and interact with others. So, what can we do to take care of ourselves and others during American Heart Month? GIVE Every 2 seconds someone in the U.S. needs blood or platelets. Although 38% of the Americanpopulation is eligible to donate blood, only 2% actually donates. Today, blood supply is at one…

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New Year. New Goals.

Have you quit your resolution yet? On average, people break their New Year Resolution in about 32 days. With 356 days to accomplish goals in a calendar year, it is easy to get caught up in long term goals and leave short term goals behind. “We turn not older with years but newer every day.” – Emily Dickinson Whether that goal means losing weight, working out, or simply eating healthier, the pandemic has allowed people to reevaluate…

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Message from the President

Merry Christmas and Happy New Year to you all! I want to take a brief moment to wish all of you and your families a blessed holiday season. As we start to return to normalcy, I hope that you are able to take this time and gather to celebrate with family and friends. While 2021 has been a much better overall than 2020, it has still contained some unique challenges and treacherous navigations.  Internally, it has forced us…

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Is the US Postal Service affecting your AR?

“Does it make a difference if it’s an extra day to get a letter?” Louis DeJoy, US Postmaster General, responded to questions about the USPS broader new 10-year strategic plan in February 2021. On average standard mail takes 1 to 4 days depending on where the mail is being delivered. With the new plan, less mail will be transported through the air. The projected regions to be most affected are Florida, Southern Texas, New England and the…

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Reducing Your Staffing Headaches

Revenue cycle management has long been a targeted area to rein in cost, accelerate revenue, and strengthen a healthcare system’s financial success.  Pre-COVID, healthcare organizations were encountering staffing shortages with the most problematic areas pertaining to nurses and physicians. Post COVID, staffing shortages are occurring throughout the system and revenue cycle is no exception.  Healthcare providers are now facing critical situations due to low staffing and are exploring new ways to accomplish their goals. Today, successful executives…

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