The Call for Healthcare PHO’s Paperless Transaction Shift

Paper-based and manual processes can no longer sustain and keep up with today’s fast-paced, complex business workflows. Since the beginning of technological advancement, many have replaced their traditional, archaic systems in exchange for new technologies. But there are still healthcare organizations and companies that continue to implement old, accustomed methods despite their detriments and harm to the whole operation. Now more than ever, it is essential for the healthcare industry, including the Physician-Hospital Organizations (PHOs) to push for paperless transactions to initiate an efficient and safe clinical process.


The Problem with Manual Processes for Healthcare Payer Organizations and PHOs

PHOs require access to different health plan contracts from healthcare payer organizations that offer capitation, fee-for-service (FFS) reimbursements, and incentive programs for the service they provide. And using manual systems to enter information, request for application, and negotiate rates can slow down the process and ultimately compromise the entire progress, posing a threat to the member or patient’s overall outcome.

 

Executing processes through manual systems doesn’t serve the best interest of PHOs and healthcare payer organizations. Not only will they be taking more time and resources than necessary for their operation, but they are also highly vulnerable to data breaches due to weak security and poor privacy settings. Healthcare organizations that refuse to allow digitization run the risks of getting left behind, and that’s not a good trajectory for any business.


Adapting Digital Transformation for PHO’s Paperless Transactions

Adapting to the digital transformation is the only way forward for physicians and hospitals. In order to effectively do so and manage PHO’s paperless transactions, it requires a new technology such as electronic data interchange (EDI). EDI facilitates data movement between PHOs and healthcare payer organizations to exchange medical claims, billing, and other information. Shifting from conventional to modern, innovative means enables every operation to benefit from the following:


  • Streamlined processes. Data collection, documentation, and management become labor-free, allowing hospitals and physicians to focus more on providing a better patient experience.


  • Accurate audit trail. All healthcare payments and billing are accurately tracked to easily monitor transaction records and determine savings and losses.


  • Robust security. Electronic health records (EHRs) containing confidential information are safe and well-protected from unauthorized personnel who might engage in data snooping, which can lead to data breaches and identity theft.



  • Cost-efficient solution. Unlike paper-based processes, a lot more money can be saved by going digital, which can be spent on other necessary healthcare solutions like management systems and equipment.

 

Through reliable digital technology, processes and transactions are simplified in a cost-effective manner. It creates efficiencies that were not previously carried out before but now enables organizations to optimize operations more freely.


Go Digital With QuickCap

The healthcare industry’s ongoing rapid change made it necessary for organizations and PHOs to transition and adapt to digitization. Consequently, healthcare technology solutions like QuickCap continue to innovate and improve to provide the best software for an improved operational workflow. With QuickCap, PHOs can conveniently do the following:

 

  • Manage different healthcare processes swiftly and more securely through administrative and management platforms such as Authorizations, Claims Adjudication, and EDI Services with user-based access.
  • View and analyze detailed data analytics and reports from key areas, including patient satisfaction, staff competency, healthcare quality, and payment audits with real-time actionable insights.
  • Configure automated EDI claims transfers to healthcare payer organizations for quicker turnaround time, minimized administrative expenses, and fewer claim processing delays.


PHOs, healthcare payer organizations, and the rest of the sectors are slowly easing to acclimate to paperless transactions through healthcare solutions like QuickCap. Only a safe, fast, and digitized process can help businesses function efficiently and maintain operations against constant healthcare challenges.

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