More than just a buzzword, artificial intelligence is already proving to be a game changer for organizations across a...
Strategic Sourcing Articles
Five Contract Negotiation Strategies Healthcare Professionals Should Know
Skilled negotiators are like musical virtuosos. They have an extensive repertoire of instruments from which to draw...
Industry Voices—Emerging tech creates a make-or-break opportunity for payers
The cost of healthcare is rising and is expected to reach $2.6 billion by 2026, according to the National Institutes...
It All Starts with a Contract
At MediTract, while working with thousands of hospital clients for more than 20 years, we’ve heard a common theme: “We don’t know what we don’t know about our contracts.” One of our clients remarked recently that “contracts are the crypto-currency within the...
Cybersecurity Strategies and Best Practices
Cybersecurity continues to be a major concern for healthcare organizations. Because of the sensitivity of the information they keep, hospitals are becoming a chosen target of cybercriminals. Cyberattacks are no longer a matter of “if” but “when.” The threat was top of...
When It Comes to Hospital Contracting Compliance, Hope is Not a Strategy
In a study published by Crowe, a public accounting, consulting, and technology firm, the top compliance challenges facing hospitals in 2019 are physician contracting, non-physician contracting/supply chain agreements, and compliance with the Health Insurance...
How Credentialing Systems Can Create a Competitive Edge for Payers
In the highly-competitive insurance industry, payers are constantly tasked with finding new ways to differentiate themselves from their competition. An often-overlooked opportunity to stand out among the crowd is the provider data management and the credentialing...
Improving Cancer Detection in Women with Dense Breasts
Detecting breast cancer in its early stages in women with dense breasts has become increasingly important to women’s health clinicians. However, identifying lesions in dense breasts is challenging. The breast is made of fibroglandular and fatty tissues. The more...
The Incredibly Talented i-STAT
Exact numbers are not available, but I would venture to say that more than half the hospitals in the U.S. have i-STATs, and almost every ambulatory surgery center, surgical hospital, and stand-alone emergency room in the U.S. has one or more. Many healthcare entities...
The New Math of Value-Based Capital Budgeting: Determining the Right Technology
“Value” is the new common denominator in healthcare. Its emergence has been driven by the need to reduce costs and improve quality of care—two major forces shaping the ever-changing healthcare market. When it comes to capital planning, many health systems are learning...
Baby Boomer Joint Replacements on the Rise
As the Baby Boomer generation ages, joint replacements are on the rise. The Boomer generation strives to maintain an active lifestyle, which is taking a toll on their joints. Doctors recommend low-impact exercise such as cycling, using an elliptical, or doing aerobic...
AI Meets M&A: The Case for AI Support in Diligence Efforts for Healthcare Mergers and Acquisitions
According to statnews.com, there have been at least 100 hospital mergers and acquisitions annually since 2014. It’s a trend that’s sure to continue as hospitals look to gain efficiencies of scale and gain control over the entire continuum of care through acquisition...
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