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Millennia Blog

Health Care Provider and Hospital Outsourcing Market Size and Expansion Rate Projections

How Outsourcing Helps Health Care Teams Succeed Outsourcing can offer dramatic benefits to health care organizations. Our technology solutions, for example, can help you offer a seamless experience with end-to-end resources throughout the patient journey. Other outsourced tasks might include billing or home health services. Like technology, they can help reduce staffing requirements and improve quality. But these benefits all depend on working with trustworthy partners. Research shows outsourcing in hospitals and health care organizations is gaining traction. Globally, analysts predict a compound annual growth

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01 Guide Hospital Price Transparency

Guide to Health Care Price Transparency in 2023

Guide to Health Care Transparency in 2023 Thanks to the increasing complexity of health care costs, price transparency has become a major industry initiative. Several pieces of legislation are changing the way health care organizations must present pricing information, ideally leading to a better patient journey and more trust between patients and providers. With the right systems in place, providers can build this journey, improve engagement with patients and ultimately boost revenue. Let’s explore the landscape of hospital price transparency in 2023 and how your

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Doctor holding a tablet

2024 Healthcare Revenue Cycle Management and Payment Trends

  2024 Healthcare Revenue Cycle Management and Payment Trends Many healthcare organizations have faced challenges in 2023, from industry-wide staffing shortages to adopting telehealth to keeping up with digitized healthcare. As the year comes to a close, your healthcare facility can look to emerging solutions to stay ahead of the curve in 2024. Healthcare data analytics offer so much more than transparency into your expenses. Today, it plays a vital role in your facility’s revenue cycle management (RCM) framework. Thanks to ever-evolving technology, healthcare facilities can transform their

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How to Prepare for 2024 Deductible Resets

Let’s be honest — health care payment complexities often leave patients frustrated and health care providers perplexed. The concept of deductible resets is anything but straightforward, and many patients find themselves in the dark about their health care plan’s policies. However, it’s time to change that. As we usher in the new year, both health care patients and providers are confronted with a common challenge, which is the resetting of insurance deductibles. This annual ritual requires many patients to once again dip into their pockets

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woman and her doctor looking at an ipad in a doctors office

What Is Patient Centricity in Healthcare?

What Is Patient Centricity in Healthcare? Historically, patients have played relatively small roles in their healthcare experiences. They might have left the doctor’s office with inadequate knowledge of their diagnosis, vague instructions to see another provider and a prescription they didn’t understand. Today’s providers are taking a better approach — one that prioritizes the patient’s role in their care. Patient-centric care is driving the industry forward, and organizations must embrace it if they plan to continue offering the best care possible. What Is Patient Centricity? Patient

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Six Tips For Collecting Patient Balances

As patients take on more and more responsibility for health care costs, providers must adapt with tools and tactics to ensure a timely revenue cycle. With the right approach to revenue cycle management (RCM), you can guide your patients through their care journey and the payment process with a complete end-to-end solution and a unified experience, all powered by intelligent automation that simplifies backend requirements.

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How to Prevent Eligibility Rejections and Denials 

Sometimes, you may notice that your patient’s insurance provider rejects or denies your medical claim. This can occur due to a number of reasons, including incorrect or incomplete information. Fortunately, one study shows that healthcare providers can prevent around 90% of eligibility denials in medical billing.  Given the financial and personal importance of medical billing, it’s essential to implement new practices to help prevent eligibility rejections and denials. That’s why we put together this guide to help you understand how to work on denials in medical billing.  5 Ways to Prevent Insurance Denials Eligibility denials in medical billing

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We Opened a Command Center in Rocky Mount, NC!

Millennia’s brand new, state-of-the-art Command Center will serve as the heart of Millennia’s employees, providing an energetic workspace that will support the Millennia client base across the country, while maintaining our commitment to our US-based focus when it comes to working with and speaking with patients. Alongside Millennia’s headquarters in Cary, North Carolina, the Command Center will also be Millennia’s innovation hub, fueling Millennia’s development of new patient engagement technologies and solutions, while building a culture of excitement and collaboration. “At Millennia, we strive to

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01 5 Surprising Ways Mobile Pay Can Streamline Healthcare Revenue Recovery Re 2 Min

5 Surprising Ways Mobile Pay Can Streamline Healthcare Revenue Recovery

In today’s increasingly digital world, mobile payment solutions have gained widespread popularity across various industries, including healthcare. Beyond the convenience and security they offer, mobile payment technologies can also play a significant role in streamlining hospital revenue recovery. From improving patient collections to reducing administrative burden, leveraging mobile pay in healthcare settings can bring surprising benefits to revenue management. Below, we cover the best way to collect money from patients and how mobile pay can streamline healthcare revenue recovery, revolutionizing the financial landscape for healthcare providers. Revenue

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Is ChatGPT really ready to help healthcare professionals help their patients?  

Not a day goes by when the talk of technology revolves around ChatGPT. Thousands of articles are driving perspectives around the use of ChatGPT, as well as cautionary tales noting how the use of AI and solutions like ChatGPT can go wrong or even harm businesses and individuals. Like any new innovation, there is always great skepticism and a sense of excitement and opportunity as well. The good news is that AI innovation is clearly alive and kicking and already proving itself with various healthcare

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