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Weekly Roundup – October 26, 2024

Healthcare IT Today

At MEDITECH Live, John chatted with Mike Elder and Kelsey Reed at the southwest Georgia health system, which recently opened a Living and Learning Center to really recruit and train the next generation of nurses. RCM company CorroHealth finalized its acquisition of Xtend , Navient’s healthcare RCM business.

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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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Remote cardiac monitoring programs have potential, but they're still falling short

Healthcare IT News - Telehealth

"These numbers are not surprising, as RCM is still relatively new," said Kristin Stitt, chief clinical officer at Vector, in a statement. That said, RCM technology is still maturing. The report also flagged a potential mismatch between the administrative burden of RCM on staff and the awareness of said burden on physicians.

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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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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 – 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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