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At the past HFMA Conference, we reached out to our brilliant Healthcare IT Today Community to ask them two questions about change: What change in RCM (besides AI) is happening now that everyone should be watching and why? & What Change in RCM (Besides AI) is Happening Now that Everyone Should be Watching and Why?
They also discuss how FHIR and TEFCA are helping the cause. The Healthcare IT Today community expects automation will continue transforming RCM in 2025 , with a primary focus on eliminating waste and reducing inefficiency. But does everyone agrees that outsourcing RCM will continue ? AI was part of many expert predictions.
Updates that require support for FHIR-based APIs should allow TEFCA participants to more easily exchange information directly, and enable individuals to more easily access their own information. RCM outsourcing vendor Ensemble Health Partners expanded its partnership with Microsoft. News ONC released Common Agreement 2.0.
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. FHIR-enabled data exchange vendor 1upHealth appointed Andrea Kowalski as Chief Product Officer.
Read more… FDA FHIR Pilot Automates Adverse Events Reporting and Validation. Jay Nakashima at eHealth Exchange detailed how California’s Cedars-Sinai used FHIR to send adverse events related to COVID-19 vaccines to the FDA – a process that replaced manual data entry and faxing.
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. requires support for FHIR API exchange. In light of the Change Healthcare hack, they also discussed why organizations need multiple paths for their data.
Although 90% of health systems face turnover rates of greater than 10% for roles in RCM and patient experience, only 25% of executives are looking at AI or workflow improvements to improve efficiency , an Experian Health survey found. RCM and price transparency company Rivet appointed Erick Sunarto as Vice President of Technology.
A few of my favorite comments were: “Jim Cramer needs a crash course in FHIR standards” from the wonkier section of peanut gallery. Revenue cycle management (RCM) is a big HIMSS theme from providers’ points of view. They are not even in the same universe” among people dissing the idea in short-hand. The patient as payor.
RCM is by far the most popular potential use case, with 58% of all considering the use of generative AI there. eHealth Exchange announced incentives to accelerate HL7 FHIR adoption , waiving annual fees for the first entities to exchange information via Da Vinci Project guidelines.
In the second installment, Andy explained the many stages of RCM that can benefit from generative AI: Claims, prior authorization, appeals, resource management, and contract generation. Read more… Generative AI in Your Desk Drawer: Revenue Management. Read more… Generative AI in Your Desk Drawer: A Wealth of Additional Uses.
of the Common Agreement and committed to having TEFCA support FHIR-based exchange within 2024. Sales Ohio-based Fisher-Titus chose RevSpring for RCM and payment processing. As a result, these flexibilities will be in place until at least Dec. ONC and The Sequoia Project released Version 1.1
Where Are We At With FHIR? AI and Automation in RCM is All About Balance. Big Bet on FHIR Pays Off. We almost have a product review ready to publish on Zebra’s first tablet device designed for healthcare. Top Healthcare IT Today Interviews Podcasts. with Joe Gagnon and Dr. Don Rucker from 1upHealth.
Its offerings include an ONC-Certified EMR with intuitive care coordination and management workflows, a FHIR API and Workflow SDK that provide industry leading platform extensibility, and end-to-end RCM functionality. Canvas Medical, founded in 2015, provides the digital infrastructure for care delivery companies.
So we’re really impressed by what we’re seeing people doing with the data that we supply in a FHIR compliant manner and really what that’s unlocking in terms of overall care. We try to provide as much value and ROI as possible to them.
FHIR use cases, back-office process automation, advances in digital therapeutics, and the potential of generative AI all came up. One part of this initiative is using 30 years’ worth of data to train an internal version of ChatGPT. Read more… What Signs of Hope and Excitement Do You Have ?
John Lynn spoke to Mo Weitnauer at MRO about using FHIR-based APIs to automatically fulfill the vast majority of requests in minutes or seconds – not weeks. based EMR, RCM, and practice management assets to N. Read more… Public Health Transparency Improves Outcomes in San Bernardino County. million in seed funding.
Read more… One Health System’s Roller Coaster Journey to Improved RCM. That turned out to be a blessing in disguise, interim CEO and CMO Dr. Brian Stratta, told Colin Hung, as it required reviewing and streamlining the RCM process, which cut claims denial from 45% to 17% and made real-time RCM reports possible.
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