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Revenue Cycle Management (RCM) is hot topic right now due to the cybersecurity incident at Change Healthcare. Hear honest answers to tough questions related to that incident and how AI will impact RCM. Watch as Michael Quinn answers these three tough RCM-related questions: AI is the hottest technology at the moment.
Even seemingly small administrative changes can significantly impact healthcare outcomes. John Waters, Director, Revenue Cycle Product at CliniComp AI can be used in the RCM world to solve two overarching themes: inefficiencies in workflow, and errors that cause delays in payment.
Read more… Navigating New HealthcareCybersecurity Regulations. Innovaccer acquired Humbi AI , which provides healthcare actuarial software, services, and analytics. Knack RCM acquired HealthyBOS , an RCM vendor with expertise in the durable medical equipment sector.
Then we discuss whether or not we think this will be the inciting incident for healthcare organizations to wake up about their security. Next, we debate on whether or not this attack will have an impact on how healthcare organizations are approaching RCM. Will this wake up healthcare organizations in regard to security?
Healthcare risk management company Censinet, KLAS Research, and the American Hospital Association (AHA) published their inaugural HealthcareCybersecurity Benchmarking Study. RCM vendor medaptus is collaborating with Fresenius Kabi to offer hospitals financial reimbursement software for infusion services.
Read more… The Crucial Role of Dual Incident Response Playbooks in HealthcareCybersecurity. Read more… Featured Health IT Job: Epic Business Intelligence Analyst (Product Owner) , a remote position at Yakima Valley Farm Workers Clinic, posted to Healthcare IT Central.
Interoperability vendor Particle Health launched Particle for Platforms , a single API layer that enables connections to Inovalon RCM Intelligence is now compatible with all electronic data interchange claims clearinghouses. The AI model from Cedar Gate Technologies identified individuals at risk for diabetes with over 80% accuracy.
The February cyberattack against the Change Healthcare clearinghouse not only compromised patient data but left health care providers in a financial crisis.
Healthcare organizations will increasingly need to leverage technology to achieve higher levels of efficiency and accuracy so providers can maximize their staffing resources and reduce costs. This applies to the entire RCM ecosystem including reducing administrative burdens and producing cleaner claims.
This frees up staff to focus on more complex and strategic aspects of RCM. In an era where expanding the workforce isn’t always feasible, healthcare organizations must harness technology to enhance operations, reduce costs, and prevent staff burnout.
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