Remove Document Remove Interoperability Remove RCM
article thumbnail

Healthcare Revenue Cycle Management – 2025 Health IT Predictions

Healthcare IT Today

Outsourcing will pivot to a more surgical, targeted strategy, focusing on high-impact, specialized areas like revenue integrity, underpayment recovery, and the more commonplace out-of-state Medicaid and small balance recovery work where RCM outsourcing supplements streamlined, automation-empowered teams instead of replacing them.

article thumbnail

Weekly Roundup – October 26, 2024

Healthcare IT Today

In the wrong hands, LLMs can generate false or exaggerated medical documentation in an instant. The limitations of interoperability has made value-based care more complex , said Ashay Thakurat Cedar Gate Technologies. RCM company CorroHealth finalized its acquisition of Xtend , Navient’s healthcare RCM business.

RCM 95
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Leveraging Emerging Technologies to Enhance Data Integrity and Streamline Processes

Healthcare IT Today

AI is becoming an essential tool in healthcare and is being leveraged to create new efficiencies this includes better documentation, streamlined data extraction, and predictive modeling that contribute to enhanced clinical efficiencies and higher-quality care. However, a strong foundation is crucial before leveraging such innovations.

article thumbnail

Weekly Roundup – November 2, 2024

Healthcare IT Today

John connected with Angie Bass at Velatura to discuss why interoperability is about finding value in data and not just exchanging data. Also of note: Efforts to improve the speed of documentation and increased use of visual displays. RCM automation platform Candid Health announced $29 million in Series B funding.

article thumbnail

GenAI in Healthcare: Catalyzing the Revenue Cycle Management Transformation

Healthcare IT Today

Revenue Cycle Management (RCM): The Strongest Use Case of GenAI in Healthcare The financial backbone of healthcare, RCM, entails everything from payments and pre-authorization before treatment to reimbursements, compliances, and interoperability with other systems. Such applications go beyond automating repetitive tasks.

RCM 126
article thumbnail

Improving Revenue Cycle Management with True AI and Machine Learning

Healthcare IT Today

We’re moving away from a world where people need to spend countless hours combing through medical documents to manually extract key information to put into a prior auth or other encounter. Ultimately, the integration of true AI and machine learning in RCM contributes to greater accuracy, reduced denials, and a better patient experience.

RCM 126
article thumbnail

Bonus Features – January 19, 2025 – 183 million patient records exposed in cyberattacks in 2024, 74% of orgs rely on manual processes for workforce management, plus 36 more stories

Healthcare IT Today

News ASTP released a draft of United States Core Data for Interoperability v6 , with six new data elements. Luke’s Health System chose Ambience Healthcare for AI-powered documentation and saw a 40% decrease in documentation outside working hours. Idaho-based St.