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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.
Another topic for the experts in the Healthcare IT Today community highlighted AI use cases such as RCM automation, diagnostic efficiency, clinical documentation, and predictive analytics. Read more… Introducing the LifeSciences Today Podcast. Read more… Applying the Buy Now, Pay Later Principle to Healthcare.
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.
Read more… What EHR Innovations Should Be Happening, But Arent ? Read more… Using RCM Technology to Close Healthcares Generation Gap. Healthcare and lifesciences are full of life-saving but unsupported medical devices. We may also see the emergence of a true compliance certification framework.
Rural hospital financial optimization company Cibolo Health selected TruBridge as its preferred RCM partner. CliniComp announced Intrinsic AI , which brings native AI capabilities to its EHR product. CitiusTech launched CitiusTech HealthSPARX , a real-world data platform for lifesciences organizations.
The Global Software report recognized regional leaders in acute care EHR and PACS. Keystone Technologies and Sublimation Health are partnering to help transition EHRs to AWS. CliniComp updated its EHR solution suite to offer software, hardware, and services at a fixed price. For the U.S.
Partnerships Redox is partnering with Snowflake to make data from legacy healthcare systems available in Snowflake’s Healthcare & LifeSciences Cloud. Rehab therapy EHR vendor SPRY released SPRY Ally , a suite of AI-powered tools for tasks such as insurance verification and prior authorization.
Read more… Bonus Features for December 24, 2023: 74% of orgs automating RCM operations, plus per-physician revenue exceeding expenses at U.S. Read more… Funding and M&A Activity: Patient experience and financial performance vendor R1 RCM is acquiring Acclara , an RCM vendor, from Providence.
The market will see increased asks/attention for bots as they are critically needed in RCM to offset staff shortage, enhance staff retention, and accelerate tasks (ultimately cash flow). In the future we will see even more connected devices sharing data and fueling diagnostically focused EHRs.
” Google Cloud released new capabilities in Vertex AI Search for healthcare and lifesciences, highlighting Hackensack Meridian Health and Highmark Health in its announcement. TrustCommerce integrated its patient payments platform with athenaIDX , athenahealth’s RCM product.
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