April 18, 2024
DrFirst Acquires Myndshft Technologies to Revolutionize Medication Management by Addressing Both Pharmacy and Medical Benefits
by Susan Lawson-Dawson | News
Pioneering Move Unites Medical and Pharmacy Benefits, Enhancing Access, Affordability, and Adherence for Specialty Medications and Procedures Rockville, Md. – April 18, 2024 – Healthcare technology pioneer DrFirst today announced it has acquired substantially all assets of Myndshft Technologies, Inc., a leader of end-to-end real-time medical benefits and automated prior authorization (PA) software-as-a-service (SaaS). This strategic acquisition aims to improve the patient experience and expedite access to vital specialty medications, such as infusions and in-office injectables primarily covered by medical benefits. Combined with DrFirst’s platform and scale, the technology will also lighten the substantial administrative load on healthcare providers and… Read entire article here
It only took ChatGPT five days to surpass 1 million users. Two months later, the generative AI application boasted an impressive 100 million active monthly users, and that figure keeps climbing. Is it any wonder that the healthcare industry has been buzzing about the potential of generative AI? Where is the potential greatest? An August 2023 AMA Survey found that physicians are most enthusiastic about leveraging AI tools to reduce administrative burdens, such as automating prior authorizations. That fits with expert assessments as well. Forbes reported last fall that, “According to a McKinsey analysis, AI-enabled prior authorizations can automate up… Read entire article here
The revenue cycle is the financial heartbeat of any healthcare organization. It encompasses both administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. At the core of this complex cycle is prior authorization—traditionally a time-consuming and often frustrating process. Automated prior authorization technology represents an opportunity to unlock new revenue potential. Keep reading to see how automation revolutionizes revenue cycle management (RCM) by streamlining prior authorizations and reducing preventable errors that lead to revenue cycle-busting delays and denials. The bottlenecks in traditional prior authorizations Traditionally, prior authorization has created RCM gridlock due to:… Read entire article here
November 27, 2023
Sight-Saving Technology: The Role of Prior Authorization Automation in Vision Care
by Susan Lawson-Dawson | Healthcare Technology
As we step into December, recognized globally as the Gift of Sight Month, we’re shining a spotlight on how advancements in healthcare administration, particularly in automated prior authorizations, brighten the prospects for patients at risk of sight-related health issues and the providers who care for them. The vital link between eye health & prior authorizations Eye conditions, ranging from diabetic retinopathy to glaucoma, can escalate rapidly, turning from minor issues into sight-threatening emergencies. In fact, untreated diabetic retinopathy increases the risk of blindness 25X compared to non-diabetics. Timely access to treatment is not just beneficial for these patients; it's critical.… Read entire article here
