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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.
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.
"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.
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.
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.
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.
.” 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.
We recorded many videos with members of our community and other event attendees to get expert analysis on topicssuch as AI, cybersecurity, and interoperability. Read more… Improving RCM With AI. RCM automation vendor Candid Health raised $52.5 HIMSS25: Key Insights & Top Takeaways. million in Series C funding.
Bloomlife and PeriGen are partnering to improve access to monitoring and data analysis for of high-risk pregnancies. Precision medicine company SinguLab is partnering with NADONA , a professional organization for nursing leaders, to support education and research opportunities.
More than 85% of health systems are increasing IT and digital budgets for 2024 , a Guidehouse analysis found. RCM is by far the most popular potential use case, with 58% of all considering the use of generative AI there. RCM is by far the most popular potential use case, with 58% of all considering the use of generative AI there.
Not surprising RCM is also a popular use case for AI, with 78% of health systems currently using it or evaluating its use. Digital pathology application Paige added Mindpeak ‘s image analysis software to its platform. RCM vendor PMMC is working with CAST Imaging to accelerate its migration to the cloud.
The following is a guest article by John Wallace, PT, OCS, Senior Vice President of RCM at WebPT. Medicare’s Targeted Probe and Educate audits use data analysis to identify clinics who have high claim error rates or unusual billing practices. After all, more patients should generate more billable services—and thus, more payments.
A provider present with the patient at one location – a nursing home, community clinic, etc. Intuitive dashboard workflow allows the healthcare provider to dive deep into physiologic data with helpful graphic trend analysis. The system can be used to conduct telehealth visits between two or more clinics.
Incredible Health launched Spotlight Jobs and Direct Connect to help accelerate the hiring process, especially for leadership roles in nursing. South Dakota-based Sanford Health selected Availity Essentials Pro for RCM. Precision health platform CancerIQ launched CancerIQ Reach , a patient acquisition solution for imaging and oncology.
OM1 released Prescriber Trends and Comparative Outcomes for analysis of real-world data for immunology and mental health. NorthShore University HealthSystem affiliate Northwest Community Healthcare chose Conifer for physician RCM. Cybersecurity firm Vaultree released an in-use data encryption tool.
MediMergent implemented its platform for the collection and analysis of real-world data in a multi-center clinical trial. RCM vendor Savista is launching Patient Debt Awareness Day on April 19 with educational materials, webinars, and an in-person event.
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