Finance

How Can FinOps Transform Cloud Financial Management in Healthcare?
Business How Can FinOps Transform Cloud Financial Management in Healthcare?

The integration of FinOps (Financial Operations) in the healthcare industry is becoming increasingly significant. This emerging practice combines financial oversight with DevOps principles, providing a structured approach to managing and optimizing cloud costs. Given the stringent regulatory compliance requirements and the need to manage budgets

November 18, 2024
Transforming U.S. Healthcare: Cost Management and Value-Based Care
Organizational Governance Transforming U.S. Healthcare: Cost Management and Value-Based Care

The U.S. healthcare system is grappling with high costs and operational inefficiencies, driven by a fee-for-service model that prioritizes volume over quality. With this financial strain, healthcare systems are now exploring strategies for cost management and transitioning to value-based care. Emphasizing the importance of data-driven

November 14, 2024
Can Bipartisan Bill Prevent Medicare Cuts and Boost Physician Pay?
Business Can Bipartisan Bill Prevent Medicare Cuts and Boost Physician Pay?

In a significant move to address the long-standing issue of declining physician reimbursements, a bipartisan bill introduced in Congress aims to block the proposed Medicare pay cuts for 2025 while also increasing physician pay. The Medicare Patient Access and Practice Stabilization Act seeks to override a suggested 2.8% cut to the conversion

November 13, 2024
Are Telehealth Payment Parity Laws Creating Equitable Healthcare Access?
Business Are Telehealth Payment Parity Laws Creating Equitable Healthcare Access?

Paul's sudden health crisis in the remote town of Midhill led his family to explore telehealth options, revealing the stark differences in telehealth service coverage across states. Recent years have seen significant progress in the adoption of telehealth payment parity laws, ensuring that healthcare providers receive equivalent reimbursement

November 13, 2024
Creating an Effective and Evolving Wellness Plan for Better Health
Care Creating an Effective and Evolving Wellness Plan for Better Health

A wellness plan should encompass physical, mental, and emotional well-being strategies, going beyond mere exercise and nutritious foods. It is crucial to design a dynamic blueprint that adapts to life's varying demands while encouraging healthier choices without causing burnout. Unlike traditional health plans focused solely on fitness and

November 11, 2024
Strategies for Reducing Healthcare Costs with Technology
Technology Strategies for Reducing Healthcare Costs with Technology

In today's rapidly evolving healthcare landscape, the escalating costs of medical care have become a significant concern for both providers and patients. With technology advancing at an unprecedented rate, many experts believe that leveraging innovative digital solutions can play a pivotal role in controlling and reducing these expenses. This

November 6, 2024
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