Leveraging BPO As an industry, healthcare has undergone enormous change. The landscape is dynamic, and new challenges are on the horizon. Mergers, acquisitions, and partnerships are occurring at an unprecedented rate.
Advantages and Disadvantages to Virtual Training The use of the virtual classroom and those participating depends on the instruction topic and level of the learners. Although there are advantages with virtual training there are also disadvantages. If the course is self-paced, fully instructor led, or partial individual instruction.
Why Outsourcing Claims Administration Makes Good Business Sense Insurance companies are reliant on two main pillars — bringing in new business and claims administration. Claims administration is a significant responsibility. Any new customer that signs onto a policy is doing so with the confidence that their claim will be processed fairly and quickly, should the occasion arise.
Reduce Costs by Addressing Medical Loss Ratio Nearly all sectors of public healthcare have projected increased spend in the next decade. The U.S. population is rising, which will result in more enrollments in government programs. The Center for Medicare and Medicaid Services (CMS) projects that nearly half (47.3%) of the U.S. population will be enrolled in Medicare, Medicaid, or CHIP programs by 2026.