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Weekend Reading For Financial Planners (May 4-5)

Nerd's Eye View

Also in industry news this week: Large asset managers offering hybrid digital-human advice services are eating into the market share of purely human advisors, signaling that a smaller firm's ability to offer a differentiated value proposition could be a key to success in the coming years A recent study indicates that tech-forward advisory firms not (..)

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How Much Can Technology Improve Healthcare Payments?

PYMNTS

Among the latest hopes for healthcare payments is blockchain. Touted by observers and industry players as one of the top trends that could impact medical billing and data management for 2018, the technology is increasingly being viewed as part of the path to better efficiency in payments.

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3 Underutilized KPIs DSOs Should Use to Enhance Strategic Decision-Making and Operational Efficiency

E78 Partners

With patient acquisition costs continuing to rise in today’s competitive healthcare environment, retaining existing patients is crucial for sustainable growth. Unlike broader metrics such as total production or patient volume, RPP offers a granular view of a practice’s financial performance, focusing on specific services.

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For Healthcare Providers, RX For Healthy Payments Processes 

PYMNTS

Healthcare costs may be one of the largest bills consumers shoulder, and the burden is not getting any easier. In an interview with PYMNTS’ Karen Webster, Matt McCammon, general manager of integrated payments at credit card processor, merchant acquirer and bank credit card issuer TSYS , recounted that healthcare is a $4 trillion market.

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3 Underutilized KPIs DSOs Should Use to Enhance Strategic Decision-Making and Operational Efficiency

E78 Partners

With patient acquisition costs continuing to rise in today’s competitive healthcare environment, retaining existing patients is crucial for sustainable growth. Unlike broader metrics such as total production or patient volume, RPP offers a granular view of a practice’s financial performance, focusing on specific services.

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The White House Startup That’s Taking On Healthcare Payments

PYMNTS

You can’t break things when you are tinkering with something like the healthcare system that supports 4 percent of the GDP, and serves 57 million Americans. The QPP is an application programming interface (API)-based approach to making it easier for healthcare providers to submit and be paid for Medicare claims. healthcare.

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3 Key Principles For Measurable and Actionable Standards That Help Cultivate Excellent Client Service

Nerd's Eye View

Additionally, this process helped clarify how the firm could elevate its culture around client service by refining its client interaction standards and offering an objective way for managers to measure advisors' performance.