BC Advantage - 2019 Issue 11

3 Software Features Practices Need In Order To Cut Administrative Costs

Reducing healthcare costs has been a top priority for the entire medical industry for nearly a decade, with few definitive results to show for it.According to a Kaiser Family Foundation report, projections indicate that healthcare expenditures will reach 20 percent of the GDP by 2025. While efforts did steady the spending growth somewhat between 2010 and 2017, the cost of expanding technology and software solutions to meet the requirements set by recent legislation (ACA, HITECH Act, and MACRA) have impacted the overall numbers.On the plus side, now that many healthcare organizations have updated and improved their technological...

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