Here’s everything you need to know about DENmaar’s new P2P Patient Payment Center!
New state-of-the-art technology has launched this month at DENmaar that is targeted towards filling the gaps of loss revenue for providers and groups in the behavioral healthcare industry.
We’re on a mission to increase the revenue or all of our clients, and to help them improve their patient satisfaction.
This year, we’ve made a lot of exciting updates to further our goals. We recently launched a new Paypal P2P feature (read about it here), and our latest upgrade adds additional patient capabilities to our RCM.
The new technology that has launched this month, has been added to DENmaar’s RCM, which allows for three new important features for patient billing, that will:
- Improve efficiency.
- Reduce time for staff and costs.
- Increase revenue from patient collections.
- Adds two more additional push to click and send statements to the PayPal P2P feature.
This update is incredibly easy to use, with icons made to send a P2P invoice, email statement or postal statement with click of an icon. We’ve also added color coded icons, which indicate the last time any invoice or statements were sent. The new automatic month-end invoicing system reduces staff work by auto posting payments made by credit card to your dashboard and to our RCM. The best part is that all of these premier features have been integrated into the current software, there is no additional cost associated with accessing them, they are included in our billing services.
This new feature targets anyone looking to improve patient billing of their group, specifically those experiencing frequent high revenue loss.
We’re proud of what we do! We’ve got a lot of technology innovation on the horizon — from artificial intelligence, to fintech and virtual reality — aimed to improve and evolve the behavioral provider landscape. Our commitment is to bring the latest tools to the insurance and patient billing and credentialing services we provide.
Have questions? Contact us by phone at 1-888-595-5101 or email us at firstname.lastname@example.org.Learn More
The health care industry is just getting started with its use of apps and other technology. While we have a long way to go, here are some key ways apps are being utilized in health care now, and beyond!
Technology is revolutionizing health care and behavioral health one app at a time. OK, it’s not all about apps, but mobile and tablet applications are one piece of the technology pie that’s making patient management easier for providers.
Apps are in the frontier of their development and influence in the health care industry. In the not so distant future we expect to see apps that offer reliable patient monitoring, portals for clinical decision-making, prescriptions and even diagnosis.
While there are many ways apps are being utilized in health care, here are three of the key ways providers are using apps to enhance their practices right now.
Knowledge and industry news.
Aside from games, using apps to gather news and stay up-to-date on the best practices of any trade is a huge draw to apps in general. For example the APA Journal has an app that “with just a swipe of your finger, you can glide from article abstracts to press releases explaining the importance of studies. Journal subscribers can also access full-text articles, says Susan J.A. Harris, senior director of APA Journals.’It’s targeted to our researchers, clinicians and students,” she says. “We know they are very busy, so our intention was to have a product that would quickly and easily deliver the latest research to them.’” Check out the app by clicking here!
Most people are familiar with the use of apps for communication in health care and behavioral health. Video, voice and text meetings and consultations have become a mainstream norm. Many apps also offer a platform for all patient and business related communications like e-email and social networking. For example, according to the website apptentive, the app “Medici has made it possible to text with your doctor. The company set out to make health care more accessible for everyone, and they created two mobile applications, one for patients and one for providers. This allows patients to connect with providers in the Medici network for a fraction of the cost of going into a doctor’s office—and a fraction of the time.”
Revenue and health records management.
From accessing EHRs, patient information, history, coding and billing information, apps are evolving to be a one-stop-shop for providers to manage all of the backend information on their patients. The Denmaar app for example, is an active credentialing module that a provider can use just like they would their computer at home. Within the app, providers can manage all patient data, from payments to therapy notes.
Request a free, no-hassle demo of our app today, click the link to contact us!
Smart contracts are a high-tech, revolutionary system that claims to have the potential to completely change the current health care model. Here are five facts to know right now!
Smart contracts are another high-tech, revolutionary system that claims to have the potential to completely change the current health care model.
So what is is it? How can it impact health care exactly?
What are smart contracts?
Investopedia explains smart contracts perfectly:
“Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.”
Coindesk.com also adds that:
“While a standard contract outlines the terms of a relationship (usually one enforceable by law), a smart contract enforces a relationship with cryptographic code.
Put differently, smart contracts are programs that execute exactly as they are set up to by their creators.”
What can smart contracts do?
The infographic above published by Medium breaks down the potential of smart contracts pretty easily, according to their infographic, smart contracts can:
- Automate and track transactions.
- Log patient-provider relationships that associate medical record.
- Offer viewing permissions and data retrieval instructions.
- Can allow providers to add a new record associated with a particular patient.
- Create automation notifications.
- Verify the proposed record before accepting or rejecting data.
An article by coindesk.com also notes that smart contracts can:
- Function as ‘multi-signature’ accounts, so that funds are spent only when a required percentage of people agree.
- Manage agreements between users, say, if one buys insurance from the other.
- Provide utility to other contracts (similar to how a software library works).
- Store information about an application, such as domain registration information or membership records.
So how can smart contracts impact the health care industry?
Aside from eliminating obvious human error-caused and communication bottlenecks, probably the biggest impact smart contracts could have on the health care industry, is that they can completely cut out the middleman and create much needed transparency between providers, patients, insurance companies and pharmacies.
Pharmacies currently control the cost and supply of most drugs. Unfortunately, they use this power to negotiate prices with drug manufacturers and insurance companies that benefit them, and not the consumer.
Smart contacts make it possible for the entire supply and price process of drug manufacturing and distribution to be automated, completely eliminating the need for pharmacy benefit managers and pharmacies.
Seperately, in an article in HealthIT Analytics, “Ramkrishna Prakash, CEO of TrustedCare, Inc., suggests that smart contracts could make it easier for providers and payers to share the quality data required to fuel value-based reimbursements.
‘The ability to seamlessly track and manage smart contracts in which the benefits can be redeemed with significant ease provides the necessary ‘carrot’ for providers and patients to actively engage in a symbiotic collaboration,’ he wrote.
‘In contrast, if one or more participants tend to misbehave, appropriate penalties, via liabilities, can also be levied with similar ease. This ‘carrot/stick’ approach, we believe, would provide the necessary push that is needed to shift the healthcare industry from a sickness-management mindset to a wellness-lifestyle mindset.’”
Ultimately, the draw of smart contracts is putting the power back into the hands of people, the providers and patients, not corporations.
Are you excited for the adaptation of smart contracts in health care? Are there more ways you think it will impact the industry that we didn’t mention above? Tell us in the comments below!
Many technology-related health care articles are related to cryptocurrency. Although you may have skimmed dozens of articles about it, there’s a good chance that you don’t quite understand it. But you wouldn’t be alone, even many so-called experts still don’t have a complete understanding.
So how exactly is cryptocurrency geared-up to revolutionize health care? First, let’s cover the basics to understanding it.
What is cryptocurrency?
Cryptocurrency is a decentralized digital cash system. For example, Bitcoin is a type of cryptocurrency invented by someone in the same way that someone invented paper money. However, unlike our centralized financial system that relies on banks, people exchange amongst themselves instead of the trust of the government. This takes power away from banks and government, and is instead ran by individuals and businesses.
Why use cryptocurrency?
Cryptocurrencies like Bitcoin are not only used the way cash is, they are traded as more of an investment and a way to make money, which is different than the way we use the dollar. Which is for better or for worse, depending who you ask.
“Bitcoin is not going to make government-backed currencies obsolete. But while the system’s virtues, such as anonymity and the lack of bank fees, may not matter much to most consumers, one can envision it being useful in a variety of niche markets (some legal, others not, like recreational drugs). Where anonymity is valuable, where trusted third parties are hard to find or charge high rates, and where persistently high inflation is a problem, it’s possible that bitcoins could in fact flourish as an alternative currency.” – MIT Technology Review
So, how and why can cryptocurrency be used in healthcare?
Health care, theoretically could be revolutionized by creating its own version of cryptocurrency, one that could be traded and exchanged between patients and providers for services and products.
For example, companies like Health Nexus have already invented “health cash.” The dental industry has created “Dentacoin.” Who’s to say that behavioral health and the pharmaceutical industries couldn’t create their own systems?
Imagine the decentralization of health insurance, pharmaceuticals, in and out patient care?
What do you think about cryptocurrency? Do you think it has staying power in health care? Tell us in the comments below!Learn More
So you’ve seen the headlines about how cryptocurrency could change health care… but do you really understand how? Check out our latest video for more!
Technology has catapulted the healthcare industry into an exciting era, and an even more exciting future. Here are some of the ways we foresee technology completely changing the healthcare industry in the future.
Healthcare is going mobile. We’ve read a lot about talk therapy and now it seems that more providers and independent companies are turning to apps and even wearables in an effort to revolutionize an industry tied together with rigid processes.
Technology in healthcare is a good thing. However, the fundamental problem and “learning curve” we will experience through this evolution is that technology is looking to build bridges between previously closed systems, and share sensitive data across networks in new ways.
Physicians are turning to wearables as new ways to track patient health, and for obvious reasons this seems like a viable way to better monitor patient health and take more of a preventative action against disease and other ailments.
It seems almost inevitable that behavioral and mental health care will eventually follow suit. Co-coordinating tracking physical health with mental health seems like the next step in improved overall patient care. As we learn that a lot of the time mental and physical health problems are linked with each other, and are not as entirely separate as we’ve previously believed. Mobile could help mental health professionals link-up with physicians, to create a much more well-rounded perspective of a patient’s health.
The problem comes with sharing this information. Doctor’s records and notes of patients are protected health information (PHI). Physicians may be weary to write about with patients. In the unfortunate event that a patient dies suddenly, or from an unforeseen physiological issue, physicians who were monitoring the patient data could, in theory, be held liable and sued for not noticing or addressing health conditions accurately.
But wearables could have their benefits. According to Health Data Management, “by 2020 monitoring from smart wearable devices may help save 1.3 million lives thanks to a reduction in mortality from cardiovascular diseases and obesity, according to Soreon Research, which tracks wearable healthcare systems. In fact, Soreon estimates that patients with chronic conditions will help drive the wearables market from $2 billion currently to $41 billion by 2020.”
Electronic health records (EHR) bring a different security issue to light. How safe is it to share extremely personal, not to mention federally protected information like diagnoses, medications, allergies, laboratory and test results etc. on a Smartphone?
While this may seem scary — in a world where we feel like hackers are always trying to reach their shadowy fingers into our data every time we turn out back, mobile devices aren’t more vulnerable than your desktop or laptop. It’s also safe to assume that as technology as a whole progresses, and our understanding of data and security matures with it, that we will be able to better protect information.
While we are eager to see the healthcare industry of the future, where patients meet via Star Wars-like hologram and we are able to be dosed our medications through some computerized form of vapor, it’s best to take things slow and allow for data and security strongholds to form before we rely on them to hold our most valuable records and personal information.
We are excited to be announcing the launch of our Provider Scheduler App this month, which will address scheduling, claims and billing challenges. In addition to that, we have many many exciting new projects in the works, however we believe in working tirelessly to make sure they work, and are secure before we put them in the hands of any of our clients.
Have questions about our new technology or revenue management, claims or billing services? Call us today! 1-888-595-5101.
2018 will a be a year where nearly all sectors and industries see the beginnings of the “futuristic” technologies that have graced headlines for the past few years. While we won’t see any dramatic, sci-fi interpretations of robots and artificial intelligence into daily operations quite yet, we will see the foundations laid for the world of tomorrow.
At Denmaar we are currently working on advancing our revenue management software to become more responsive. We are also in the final stages of adapting an app for managing billing and claims. As you’ll see in this blog post, we see these advancements as being essential to the future mental health billing and claims, and offering our clients the absolute best options.
Here are three key ways advanced technology will improve mental health billing and claims in 2018 and beyond:
Blockchain will increase the ability of computer systems or software to exchange and make use of information.
Blockchain has the potential to better manage data and records for mental health professionals. If you look at patient info as collected data, smart technology will eventually be able make your systems easier to manage by locating and organizing this data optimally. David Houlding, Director, Healthcare Privacy & Security at Intel explains the role of blockchain and potential perfectly in a LinkedIn article.
“Blockchains will augment such enterprise systems in the role of enterprise B2B network middleware, and enable secure exchange of minimal but sufficient data to enable specific healthcare use cases. in a given use case such as health information exchange the blockchain could be used to store metadata about healthcare records, enabling the blockchain to function as a “record locator service”. This in turn enables discovery of relevant records as needed by healthcare organizations across blockchain network, and subsequent point to point secure sharing of such records to enable improved quality of patient care, and reduced cost of care.”
Encrypted smart contracts will enable further expansion into secure contracting between many parties.
In an article for VentureBeat, Co Founder of Seal Software, Kevin Gidney says that he expects “that a merging of technology and standards will begin to occur in 2018, with the core functionality for intelligent contracts (IC) becoming available at the protocol level.” He explains that “this is already starting to materialize as smart contracts, which keep sensitive data encrypted at all times, have become available on the blockchain. End-to-end encryption and security can enable further expansion into secure contracting between many parties, and this key component of both IC and AI-enabled secure learning could see applications built on a new IC framework.” Encrypted, secure contracts has the potential to revolutionize the process and systems for mental health billing and claims. If adapted by the insurance industry, it can make the exchange of client information, transactions and payments quicker my minimizing the amount of steps in the process.
Artificial intelligence and machine learning will continue to use data to create
“Blockchain and smart contracts enable secure and efficient data sharing and processing across B2B networks of healthcare organizations, and these technologies pave the way for increased discovery and access to healthcare data across these networks to power AI and ML. As blockchains and smart contracts grow they will increasingly over time provide a foundation that enables AI and ML to fully realize their value to healthcare, radically improving the quality of patient care, while also delivering major reductions in the cost of patient care.” explains Houlding. Artificial intelligence will continue to learn, become stronger and utilize all of the data we collect and manage, and in turn become responsive. Intelligent software that recognizes codes, patterns with patients, and essentially researches and find answers to questions before you need to ask them could make the mental health billing can claims a near instantaneous process.
By: Michelle Husted
Recently I decided to attend a local, one day healthcare technology conference. It was a day full of innovative upcoming and tried and true technologies. Some of the interesting topics were biometric integrated medicine along with teletherapy.
Just recently it was revealed that Apple is working with biometrics to monitor diabetes through the use of technology. Having this biometric reminder in the news reminded me of my day at that conference.Learn More