Traditional institutions known for delivering healthcare cannot escape the pace at which technology is driving their industry, nor the expectations that patients bring to every touchpoint of their encounters. Success depends upon the software they deploy through the healthcare solution chain that improves clinicians’ diagnoses & treatments, secures patients’ medical records & personal data, and streamlines financial operations (equipment purchases, accounts payable/receivable, salary distribution, insurance reimbursements, etc.)
Whereas “Obamacare” (technically, the ACA), enacted in 2010 was designed, in strong measure to make healthcare affordable, the major transition caused deep and wide changes to long-held practices of healthcare providers and patients alike.
Integrated Healthcare Software Solutions increasingly critical for hospitals and clinics to remain viable providers.
For nearly eight years, the marketplace incentives of meeting regulations in the delivery of healthcare have been rewarded. Ostensibly, more patients are enrolled in the system and can enjoy personalized healthcare, while medical staff and institutions who have embraced healthcare software solutions have grown their abilities to better serve the public.
Healthcare Tools for Cost Reduction
Increased accessibility also drives competition, resulting in lower healthcare costs across the board. While hospitals and medical care clinics benefit from more consistently full schedules and revenue collections for fees and facilities, physicians themselves are enjoying the newfound ability to customize healthcare for their patients.
Improved technology facilitates communication, lessening the chance of missed appointments or inaccurate follow-through of care and medication post-diagnoses.
Medical Software at Data Protection
The branch of medical intelligence software ensures that critical patient data is collected, analyzed and acted upon at a micro level for individual patient care; and at a macro level to understand the trend of diseases in a given population.
The Centers for Disease Control and Prevention (CDC) relies upon powerful healthcare software solutions to allocate resources (personnel, educational materials, vaccinations and medication) to reduce the number of incidences in defined geographic and socioeconomic areas.
Legislation vs. Healthcare Technology
Algorithmic programming leads to government regulations issued from the US government’s Department of Health. Through the CMS (Centers for Medicare and Medicaid Services), our nationwide network of care providers can implement healthcare technology solutions that operate concurrently among multiple levels of the healthcare system.
By tracking and reporting hundreds of thousands of medical intercession data touchpoints, researchers and policy makers continually refine healthcare recommendations and enforce mandates when needed.
For those organizations – and individuals – interested in improving patient-centric care and overall quality of healthcare, achieving quality versus profitability is not an “either-or” choice. Instead, smartly run operations seek out healthcare technology solutions to give them an edge in the delivery of services.
Medical Care Meets RCM
RCM (Revenue Cycle Management) takes advantage of medical billing efficiencies that are properly designed to track and invoice patients from initial online scheduling of a doctor’s office appointment, through to the final invoice payment.
Empirical evidence shows that financial costs are controlled by efficient software use. Administrative and medical staff save time, thanks to automated communications and billing programs.
Claims are processed for acceptance or denial, AR (Accounts Receivable) balances are brought to zero, and day-to-day cash flows are better maintained, due, in large measure, to modern use of RCM. Additionally, the pervasive use of EHR/EMR (Electronic Health / Medical Records) data storage/retrieval, transfer communications and interoperability among systems create efficiencies.
Healthcare software solutions that, not too long ago, were considered pie-in-the-sky ideas have become reality. Patients and providers are thereby being brought closer together, thanks to technology.
In the Hektoen Int’l. Journal of Medical Humanities, P. Ravi Shankar writes of Norman Rockwell’s painting ‘The doctor and the doll,’ “the kind doctor seems to represent the ideal relationship between the (doctor and the girl holding the doll).” Further, some of Shankar’s students “expressed regret (regarding) the changing nature of the doctor-patient relationship (and) loss of the personal connection with the physician… once regarded almost as a member of the family.” Perhaps this type of relationship, is returning to society, fueled in part by well-designed healthcare software solutions.
Building long-lasting relationships with our customers is what lies at the core of Velvetech’s working ethics. It has brought to life many flourishing partnerships and allowed us, for instance, to assist our customers with continued medical education projects and with development of insurance solutions for verifying medical insurance eligibility.
A vivid example of Velvetech’s expertise in healthcare software development is CollectStream, a patient payment and revenue cycle management system, compliant with HIPAA and PCI requirements and integrated with leading EHR/EMR systems.