Remove 2023 Remove Medical Billing Remove RCM
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Weekly Roundup – November 4, 2023

Healthcare IT Today

Bonus Features for October 29, 2023: 66% of patients prefer email or text for reminders about medical bills, plus 94% of clinicians said lack of timely access to insights within EHR impacts patient care. RCM vendor Access Healthcare acquired Envera Health , a patient engagement vendor.

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Access Healthcare Acquires Envera Health

Healthcare IT Today

Enhances Revenue Cycle Services Market Leadership with Patient Engagement Services and Technology Capabilities Today, Access Healthcare , a global leader in revenue cycle management (RCM) and healthcare services, announced the acquisition of Envera Health , a market leader in patient engagement services.

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New E&M Guidelines for Emergency Medicine

Healthcare IT Today

Earlier this year, the American Medical Association (AMA) released its CPT Evaluation and Management (E/M) Code and Guideline Changes for 2023. . These changes directly affect medical coding teams and providers’ day-to-day job responsibilities and how they capture services to receive quick and accurate reimbursements.

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Bonus Features – April 2, 2023 – 63% of nurses say AI will cause a generational divide among nursing staff, 67% of consumers prefer electronic medical bills but 78% of providers still use paper, and more

Healthcare IT Today

” Incredible Health’s 2023 State of US Nursing Report found that 80% of nurses plan to remain in the healthcare industry until retirement – though an even greater number, 84%, worry that the industry isn’t doing enough to address poor pay, understaffing, and burnout.

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Improving Patient Financial Engagement: A Tech-Driven Approach

Healthcare IT Today

A significant 14% of adults and 23% of millennials prioritize bills that are easiest to pay, regardless of other factors, according to a July 2023 PYMNTS and Mastercard survey. Patients often find medical bills confusing and difficult to understand, making them hesitant to pay.

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Bonus Features – August 6, 2023 – 83% of hospitals are collecting SDoH data, 46% of hospitals planning to use large language models in the call center, and more

Healthcare IT Today

Partnerships Fintech company Cedar is working with Google Cloud to build AI-powered tools to hep patients understand medical bills. Clinical workflow platform Rimidi named Dr. Mark Cohen as Chief Medical Advisor. EHR and RCM vendor ModMed appointed Denise Ceule as Chief Legal Officer.

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How AI Can Optimize Accounts Receivable Management

Healthcare IT Today

Moreover, from January 2022 to June 2023, the median health system’s drop in cash reserves was 28% and the number of days cash on hand dropped from 173 to 124 days. The constraints on both cash flow and cash reserves can have significant impacts.