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By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance across clinical, financial, operational, and compliance areas. For more information, visit wellsky.com.
RCM will be managed by AI-powered agents every step of the way, including generating appeals letters, submitting appeals to payers, and converting paper EOBs to ERAs. In 2025, we predict that using AI-powered agents will reduce the cost of Revenue Cycle Management (RCM) by 70%, helping streamline the end-to-end billing process.
As electronic health record (EHR) systems become nearly universal and interoperability initiatives gain momentum, many healthcare providers assume their revenue cycle challenges are solved. The Evolution of HealthcareTechnology The healthcare industry has witnessed a dramatic technological transformation over the past 15 years.
Traditional healthcare giants (think UnitedHealth or CVS) and private equity (PE) firms are circling, but their appetites differ. billion R1 RCM take-private, thrives on snapping up undervalued assetsdistressed HealthTech fits the bill. PE, like Altaris with Sharecare or the $8.9
Ben Scharfe at Altera Digital Health outlined why organizations must address the challenge of integrating semi-structured data from ambient listening tools into EHR, analytics, and RCM systems. Read more… Ethical Boundaries, Big Payouts: The Lure of Hacking Healthcare. Imaging data provider Segmed secured $10.4
Healthcaretechnology companies are urged to design interoperable data platforms that offer holistic data access and transparency to better meet the needs of health workers, care teams, and patients across the continuum of care. In fact, studies by the U.S.
Technology can significantly alleviate some of these issues throughout the rev cycle by automating repetitive tasks, enhancing efficiency, and augmenting human capabilities. This frees up staff to focus on more complex and strategic aspects of RCM.
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