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One of the hottest topics we hear talked about at Healthcare IT Today has to do with revenue cycle management (RCM). COVID and other financial pressures have driven RCM to the top of many healthcare organization’s strategic priorities. Plus, finding the right RCM staff makes this even harder.
One of the important ones is that effective RCM (Revenue Cycle Management) is essential to running a successful medical practice. The challenges and importance of RCM have never been greater. Payers are continuing to take advantage of healthcare organizations with poor RCM. Medical practices with great RCM are thriving.
For the 142nd episode of the Healthcare IT Today Podcast we are doing a preview of the HFMA Annual Conference ! Next, we debate over where AI, Machine Learning, and Automation are actually having an impact in RCM. Next, we debate over where AI, Machine Learning, and Automation are actually having an impact in RCM.
As a healthcare leader, it’s your job to learn which RCM technology and AI solutions are really making an impact. Pada also shares with us how Infinx is using AI and automation to free up healthcare staff for higher-value tasks and reduce manual workloads.
Knack Global (Knack) , an industry-leading provider of tech-enabled, end-to-end revenue cycle management (RCM) solutions, is pleased to announce its acquisition of Merrick Management, Inc. These leaders have each been with the Company for over 22 years and have extraordinary knowledge and experience in the anesthesia RCM market.
For the 67th episode of the Healthcare IT Podcast, we’re talking about what’s Rising and Falling in Health IT. I’m not sure there’s ever been a time in health IT where more things have been happening.
The team at CorroHealth is emphasizing a balanced approach to improving Revenue Cycle Management (RCM) – one that blends AI, automation, and people. The company’s leaders believe that healthcare organizations should set themselves a goal of streamlining and augmenting the current processes, especially in light of the hiring challenges.
For the 140th episode of the Healthcare IT Today Podcast we are talking about the Change Healthcare ransomware attack. Then we discuss whether or not we think this will be the inciting incident for healthcare organizations to wake up about their security. Will this wake up healthcare organizations in regard to security?
As we wrap up another year and get ready for 2025 to begin, it is once again time for everyone’s favorite annual tradition of Health IT Predictions! We reached out to our incredible Healthcare IT Today Community to get their insights on what will happen in the coming year and boy did they deliver.
Acquisition of Providence’s Current Modular Services Business Accompanied by 10-Year Agreement to Provide Comprehensive Revenue Cycle Management Services R1 RCM Inc. (R1) health systems. Morgan acted as financial advisors to R1, and Perkins Coie LLP, Kirkland & Ellis LLP, and Baker Donelson acted as legal counsel.
So with all of these incredible innovations, let’s take a moment to narrow our field down to Revenue Cycle Management (RCM). How can we be using technology to optimize RCM? And even more specifically, what role can data analytics and AI play in optimizing RCM? We would love to hear from all of you as well!
EnableComp , a market leader in specialty revenue cycle solutions for healthcare, announced that it has acquired ANI Healthcare Solutions, LLC (ANI) , a San Francisco-based denial management company.
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.
Many factors make revenue cycle management (RCM) a big headache for U.S. health care providers. Infinx (pronounced “in-fin-ex”) works currently with more than 4,000 providers, applying machine learning to automate RCM. We all know that the future of RCM is going to be around AI and automation.
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?
For the 59th episode of the Healthcare IT Podcast, we’re doing another edition of Buy or Sell. In this episode we talk about some of the hottest topics in health IT and talk about whether we’re buying that something is going to happen or selling since we don’t think it’s going to happen.
After conducting in-depth research with health system finance leaders across the country, FinThrive realized there was a significant market need for an adoption model that could show the impact of technology on RCM. Get a free assessment that leverages FinThrive’s revenue management technology adoption model framework.
Healthcare IT Today sat down with Juli Forde Smith, Director of Strategic Partnerships at ZOLL Data Systems and Erica Gregory, Senior Vice President at Netsmart to discuss interoperability for revenue cycle management (RCM). Prioritize Intake for Effective RCM Patient intake is an important part of the revenue cycle process.
AGS Health is using an AI-powered system to streamline revenue cycle management (RCM) processes and increase efficiency. AGS Health calls their AI system, the Intelligent RCM Engine. Customers and staff appreciate the power, accuracy and time savings that the Intelligent RCM Engine offers.
Enhanced Healthcare Partners (EHP) , a leading private equity firm specializing in transformative, middle-market healthcare businesses, announced today a strategic growth investment in Janus , a leading provider of healthcare revenue cycle management (RCM) technology.
You may remember that last year we shared a video interview with FinThrive talking about a new RCM technology adoption model that they had put together and were sharing with the industry at HFMA. Vigo also shared with us some specific examples of how the RCMTAM tool has improved efficiency and financial outcomes at UC San Diego Health.
Med-Metrix, LLC (“Med-Metrix”, or the “Company”), a leading provider of technology-enabled, Revenue Cycle Management (“RCM”) solutions, backed by A&M Capital Partners (“AMCP”), announced it has acquired PatientPal, Inc. (“PatientPal”).
In search of that answer, we reached out to our wickedly smart Healthcare IT Today Community to see what trends in RCM they are keeping their eyes on and why. Check it out and see if any of their answers can help you and your healthcare organization. We’ve compiled all of their answers together in the video down below.
Learn more about Knowtion Health: [link]. Listen and subscribe to the Healthcare IT Today Interviews Podcast to hear all the latest insights from experts in healthcare IT. And for an exclusive look at our top stories , subscribe to our newsletter. Tell us what you think. Contact us here or on Twitter at @hcitoday.
As we head into 2022, we asked the Healthcare IT Today community to share some predictions for the new year. Be sure to check out all our Health IT Predictions. I always find it interesting to learn what people think is coming down the road. One of the hottest topics thanks to COVID is associated […].
Topics include changes in revenue cycle management (RCM), the role of AI, the importance of being willing to evolve with the times, and finally, a discussion of Queiro’s inspiring and practical book, Joy Notes: Balancing the Trauma with Triumph. And for an exclusive look at our top stories, subscribe to our newsletter and YouTube.
PayrHealth today announced that it has acquired SilverCreek RCM, a Pittsburg, Kansas based full-service revenue cycle management (RCM) company serving healthcare providers across the country and continuum – supporting clients’ revenue growth and minimizing their administrative burdens so they can focus on patients.
These factors have made the already complex activity of revenue cycle management (RCM) – the process of tracking care from patient registration to claims submission to final payment – significantly more challenging. Conversely, RCM inefficiencies can severely diminish the quality of care and lead a provider to financial ruin.
To help answer this question, we reached out to our insightful Healthcare IT Today Community. We asked them – in the context of value-based care, how are revenue cycle management practices evolving to align with new payment models and what challenges and opportunities does this shift present for healthcare organizations?
Let us take that stress away by finding a mix of great health IT jobs for you! We hope you enjoy this look at some of the health IT jobs we saw healthcare organizations trying to fill this week. Epic Cupid Analyst – Bluebird Staffing Senior EHR Analyst, Epic Beacon – Ardent Health Services Sr.
Most Visited Healthcare IT Resource Pages. Healthcare IT and EHR Conferences and Events. Healthcare GIS. Most Visited Healthcare IT Today Articles Published in 2022. Final 2022 Health IT Predictions – Looks like people loved the potpurri of predictions too. 4 Reasons Why 5G and Healthcare Make Sense.
The following is a guest article by Pete Heydt, President at Patient Pay Ninety-five percent of healthcare leaders expect outpatient volumes to increase, with many anticipating increases of 10% or more this year, a recent survey found.
Digital Innovation and Artificial Intelligence are two huge topics recently in the world of Healthcare IT. We reached out to the Healthcare IT Today Community for their insights on this topic. InstaMed found 73% of healthcare consumers want eStatements but 75% of providers primarily use paper and manual processes for collections.
As we wrap up another year and get ready for 2025 to begin, it is once again time for everyone’s favorite annual tradition of Health IT Predictions! We reached out to our incredible Healthcare IT Today Community to get their insights on what will happen in the coming year and boy did they deliver. Let us know on social media.
Capital One Commercial Bank , a full-service bank with middle market specialization in many industries, including over 40 healthcare sub-sectors, announced today it served as a joint lead arranger for an amended and restated credit facility for R1 RCM. R1 RCM used the facility, which increased its borrowing capacity from $1.2
Unsurprisingly, GenAI in healthcare is expected to reach USD 22.1 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.
So let’s turn our attention for a moment to financial management and RCM to see what our current challenges are in those areas. At the past HFMA Conference, we asked our incredible Healthcare IT Today Community – what’s a financial management or RCM challenge that not enough people are talking about and why?
This strategic acquisition further strengthens Firstsource’s RCM solutions offerings, providing more comprehensive and AI-enabled RCM solutions for health systems, and growing its offshore capabilities.
Artificial Intelligence and Machine Learning are two vast topics of discussion as we work on implementing these tools into a multitude of areas in the healthcare space. We reached out to our brilliant Healthcare IT Today Community and asked them – where is true AI and machine learning being used to improve revenue cycle management?
This is why implementing advanced technologies and automation into healthcare is crucial for your staff’s and your organization’s wellbeing. Additionally, machine learning is being used in RCM predictive analytics, where algorithms analyze vast amounts of historical data to forecast trends and outcomes.
Investing in the patient journey pays off by empowering patients to make better decisions about their healthcare, utilize available care pathways, and ensure a stable revenue cycle for healthcare organizations.
So often in talking about Revenue Cycle Management (RCM) the focus is placed onto the organization. How do we improve RCM? How to can we incorporate digital solutions into RCM? However, that leaves out one huge piece of RCM. So let’s take a moment and focus on the patient’s experience with RCM.
Gomez shared with us about their experience using healow Pay and Statements and how it has really benefited the HealthNet organization’s RCM. Along with moving to the cloud, HealthNet has also been leveraging eClinicalWorks healow solution to improve their revenue cycle management. Tell us what you think.
Many healthcare providers find themselves wondering whether a revenue cycle management (RCM) partner would benefit their organizations. Streamline the billing process The right RCM partner will help providers optimize revenue by creating faster, easier processes to identify insurance coverage.
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