Healthcare IT Today

AUGUST 7, 2024

Making well-informed decisions is very important in the healthcare space, especially for areas that are necessary for your organization to function, like revenue cycle management (RCM). Here’s how: Unmasking Hidden Trends: Data analytics can analyze vast amounts of RCM data to identify trends and patterns invisible to the naked eye.

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Healthcare IT Today

JANUARY 18, 2023

Revenue cycle leaders can use this analysis to understand gaps in care and develop patient-focused investment strategies. AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients. Dawn Crump, Sr.

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BHM Healthcare Solutions

MARCH 15, 2023

Revenue cycle management (RCM) refers to the process of tracking patient care from registration to final payment, including all the administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue. Calls are recorded and transcribed, focusing doctors on patient care.

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Healthcare IT Today

DECEMBER 10, 2023

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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Healthcare IT Today

DECEMBER 22, 2022

As a business, it makes sense to embrace AI in revenue cycle management (RCM) fully. One of the largest areas with AI-enabled products and functions for RCM is denials management. In healthcare, RCM performance is critical. Advanced solutions can guide the next recommended step and their prioritization from this analysis.

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Hinduja Global Solutions

FEBRUARY 8, 2021

For better RCM, prioritize people and track with technology. Proper revenue cycle management (RCM) involves careful documentation of the entire patient journey, from pre-registering through payment collection. Across the healthcare industry, health information mismanagement is causing a loss of millions of dollars each year.

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Healthcare IT Today

JANUARY 28, 2024

About half (49%) of healthcare professionals are likely to invest in new RCM technology in the next 18 months , according to Salucro’s Healthcare Provider Fintech Insights Report. News and Studies The Sequoia Project released a bundle of TEFCA draft documents , including v2 drafts of the Common Agreement and QHIN Technical Framework.

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Healthcare IT Today

DECEMBER 20, 2024

AI-powered revenue cycle management (RCM) systems streamline billing and coding processes, reduce claim denials, and optimize revenue capture. For example, a specialty-tuned large language model (LLM) can help increase the accuracy of domain-specific data so they can ultimately be used for claims and outcomes analysis.

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Healthcare IT Today

MARCH 8, 2025

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.

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Healthcare IT Today

DECEMBER 23, 2024

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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BHM Healthcare Solutions

NOVEMBER 22, 2022

Healthcare now relies on increasingly large amounts of data for maximizing both artificial intelligence (AI) and revenue cycle management (RCM) systems. The post Data Collection for Competitive Analysis appeared first on BHM Healthcare Solutions. Data collection is key. Today’s blog begins at the beginning, collecting data.

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Lloyd Price

FEBRUARY 23, 2025

billion R1 RCM take-private, thrives on snapping up undervalued assetsdistressed HealthTech fits the bill. Healthcare Technology Thought Leadership from Nelson Advisors Market Insights, Analysis & Predictions. Healthcare Technology Thought Leadership from Nelson Advisors Market Insights, Analysis & Predictions.

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Healthcare IT Today

NOVEMBER 16, 2024

Read more… EMR and RCM in the Cloud Providing Value to HealthNet. Read more… This Week’s Health IT Jobs for November 13, 2024: Various roles in IT systems architecture and analysis, plus a Chief Medical Officer position at Wisconsin’s Vernon Memorial Healthcare.

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Healthcare IT Today

MAY 4, 2024

Read more… Cybersecurity, AI, and the Future of RCM. Colin Hung interviewed Michael Quinn at Inovalon about why humans remain key to RCM even as automation takes hold. In part two, Andy dove into how analysis of biomarkers can influence treatment plans and provide personalized, holistic recommendations.

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Healthcare IT Today

MARCH 23, 2025

Lenovo unveiled Lenovo Hybrid AI Advantage with NVIDIA solutions, with use cases including MRI scan analysis. RCM vendor R1 is partnering with Palantir Technologies to launch R37 , an AI lab focused on healthcare financial performance.

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Healthcare IT Today

JULY 13, 2024

Janet Boos at Veradigm outlined why outsourcing RCM services makes sense for many providers , as it can lead to cost savings and improved compliance – and also why some organizations prefer not to outsource RCM. Lung and head imaging analysis vendor Qure.ai Read more… The Impact of Effective Revenue Cycle Management.

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Healthcare IT Today

OCTOBER 6, 2024

Clinically integrated network Southern New England Healthcare chose ​​​​​​athenaOne for EHR, RCM, and patient engagement. Virginia-based Mary Washington Healthcare chose Ensemble for RCM. Motion analysis technology provider OneStep welcomed Holly Bossert as Vice President of Sales.

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BHM Healthcare Solutions

OCTOBER 3, 2023

In the complex world of healthcare, efficient revenue cycle management (RCM) is the linchpin that ensures a healthcare organization’s financial health. The Significance of Effective RCM For healthcare organizations, mastering revenue cycle management is not merely a matter of administrative efficiency; it’s a financial imperative.

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Healthcare IT Today

OCTOBER 26, 2023

Alpha II , a leading healthcare revenue cycle management (RCM) technology solutions provider, announced today its successful acquisition of RCxRules , an innovator in healthcare revenue cycle automation. We look forward to combining our strengths to deliver unparalleled value to the healthcare industry.”

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Healthcare IT Today

JULY 20, 2024

According to the Healthcare IT Today community, personalized engagement and care management, care in the home, and real-time analysi s are just some of the tools making preventive care more accessible. Leveraging AI in RCM can expand automation, increase efficiency, and facilitate better collaboration.

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Healthcare IT Today

JANUARY 7, 2024

Bloomlife and PeriGen are partnering to improve access to monitoring and data analysis for of high-risk pregnancies. New England Orthopedic Surgeons (NEOS) is implementing athenaOne EHR, RCM, and patient engagement functionality. Data platform Arcadia has joined the Atropos Evidence Network of evidence-generating applications.

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Healthcare IT Today

FEBRUARY 11, 2024

The latest analysis from Epic Research found most GLP-1 medications are correlated with lower likelihood of anxiety and depression , which are common side effects of the GLP-1 Wegovy (semaglutide). New Hampshire-based Dartmouth Health is continuing its partnership with Conifer Health Solutions for RCM services.

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Healthcare IT Today

JANUARY 14, 2024

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.

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Healthcare IT Today

JULY 2, 2022

In the latest Healthcare IT Today Interviews podcast, Colin Hung chats with Jess Stover at SimiTree and Derek Shaw at Invicta Health Solutions about the role of process automation and data analysis in improving revenue cycle management (RCM) and boosting cash flow at a time when many practices need it.

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Healthcare IT Today

JUNE 16, 2024

The push to adopt EHR and RCM technology in acute care has left other care settings underserved , with adoption under 50% in post-acute care, primary care, and rehab, according to the latest HFS Research report. Ohio-based University Hospitals implemented Aidoc for patient triage, CT Scan analysis, and care coordination.

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Healthcare IT Today

AUGUST 19, 2023

Read more… Moving the Industry Forward With an RCM Adoption Model. Healthcare has many models, but until recently RCM has been missing. Jeff Becker and John Yount at FinThrive described their roadmap for RCM implementation and realizing value as an organization.

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Healthcare IT Today

AUGUST 31, 2023

Laxmi Patel, Chief Strategy Officer at Savista said “One of the things we’re looking at at Savista is related to data analysis and integration of those trends into our outcomes. ” “What AI helps us do is review every patient chart, so then we have the ability to give our clients the best solution for their teams.

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BHM Healthcare Solutions

FEBRUARY 6, 2024

Revenue cycle management (RCM) stands as the linchpin that determines the financial vitality of healthcare organizations and payers alike. We will delve into proven strategies tailored specifically for healthcare organizations and payers to streamline and accelerate their revenue cycle.

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Healthcare IT Today

MAY 7, 2023

The analysis also found that Z-codes are most frequently used in behavioral health and acute care settings. EHR and RCM vendor for therapy and rehab practices Raintree released Raintree Payments. RCM vendor RSi was named a Top Workplace in South Carolina. CharmHealth integrated large language models into its EHR offerings.

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Healthcare IT Today

MARCH 31, 2024

Company News Urgent care software maker Experity migrated about 300 practices to RCM vendor Waystar in response to the disruption of claims submission from the Change Healthcare hack. An analysis of 2023 case data from The Clinic by Cleveland Clinic found its virtual second opinions produce an average savings of $8,705 per patient.

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Healthcare IT Today

FEBRUARY 23, 2024

RCM automation, powered by artificial intelligence, can achieve this – saving considerable time and adding millions of dollars to the bottom line. Moreover, the automated system can display this information in an easy-to-understand format, placing it where your team typically conducts data analysis. Which data was accessed?

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Lloyd Price

SEPTEMBER 17, 2023

The report also finds that providers are prioritizing their IT investments in certain key areas, such as: Revenue cycle management (RCM) : RCM is the process of managing the financial aspects of patient care, from billing and coding to collections and denials. Market Insights & Analysis for Founders & Investors.

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Healthcare IT Today

SEPTEMBER 15, 2024

A data analysis from Cedar Gate Technologies found a 9% increase in 90-day prescriptions for managing chronic conditions such as high blood pressure, arthritis, and diabetes. SYNERGEN Health and HST Pathways are partnering to bring RCM software and services to ambulatory surgery centers. A March of Dimes report found 35% of U.S.

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Healthcare IT Today

MARCH 19, 2023

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.

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Healthcare IT Today

DECEMBER 16, 2023

That underscores the importance of risk analysis, encryption, employee training, and more. Bonus Features for December 10, 2023 : 84% of physicians still use manual processes to manage care transitions, while 70% of executives prefer managed services for RCM. Read more… How Conversational AI Makes Healthcare More Personal.

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Healthcare IT Today

NOVEMBER 26, 2023

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. More than 70% of healthcare organizations are actively considering generative AI , according to an AKASA report.

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Healthcare IT Today

DECEMBER 4, 2022

Dental software maker Henry Schein One is partnering with VideaHealth to release AI-enabled X-ray analysis tools. RCM consultancy MDaudit announced three leadership team appointments : Raj Joshi as CISO, Jaenna Babajane as Vice President of Customer Experience, and Nisheet Goenka as VP of Engineering.

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