Remove Analysis Remove EHR Remove RCM
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RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole.

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Promising AI Applications in Improving Patient Outcomes and Streamlining Healthcare Operations

Healthcare IT Today

John Waters, Director, Revenue Cycle Product at CliniComp AI can be used in the RCM world to solve two overarching themes: inefficiencies in workflow, and errors that cause delays in payment. AI facilitates real-time data analysis, providing clinicians with instant access to patient histories, lab results, and treatment plans.

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Leveraging Emerging Technologies to Enhance Data Integrity and Streamline Processes

Healthcare IT Today

AI-powered revenue cycle management (RCM) systems streamline billing and coding processes, reduce claim denials, and optimize revenue capture. These AI tools and more are having a tremendous impact on multilingual information capture in the EHR to facilitate higher accuracy levels of interpretation and translation at the point of care.

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AI and Automation in Healthcare – 2025 Health IT Predictions

Healthcare IT Today

RCM will be managed by AI-powered agents every step of the way, including generating appeals letters, submitting appeals to payers, and converting paper EOBs to ERAs. In 2025, we predict that using AI-powered agents will reduce the cost of Revenue Cycle Management (RCM) by 70%, helping streamline the end-to-end billing process.

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Bonus Features – December 10, 2023 – 84% of physicians still use manual processes to manage care transitions, 70% of executives prefer managed services for RCM, plus 26 more stories

Healthcare IT Today

Nearly all (95%) of healthcare executives are interested in end-to-end managed services to solve RCM challenges, according to a survey from Ensemble Health Partners. An analysis from Brooks Rehabilitation found that Connecticut has the highest fall treatment costs , at nearly $13,000, due in part to a scarcity of physicians.

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Bonus Features – October 6, 2024 – Only 25% of health systems trust ROI claims from digital health vendors, behavioral health makes up 72% of telehealth volume, plus 20 more stories

Healthcare IT Today

Products Avo launched Ask Avo , an AI tool for clinical consults that integrates with EHR systems. Clinically integrated network Southern New England Healthcare chose ​​​​​​athenaOne for EHR, RCM, and patient engagement. Virginia-based Mary Washington Healthcare chose Ensemble for RCM.

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Bonus Features – January 14, 2024 – Epic Research shows telehealth results in more follow-up visits that in-office care, Elevance Health to offer smartphones to qualified Medicaid beneficiaries, plus 21 more stories

Healthcare IT Today

News and Studies Follow-up rates for telehealth and in-office visits have remained consistent since 2020 , according to analysis from Epic Research. GLP-1 agonists have overtaken insulin in total prescriptions and cost among commercially insured patients , according to an analysis from Cedar Gate Technologies.