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Cofactor AI Launches Platform to Help Hospitals Fight Tidal Wave of Claims Denials and Announces $4 Million Seed Round

Healthcare IT Today

For hospitals, it costs $181 on average to appeal a single claim. Further, many incorrect denials go unappealed by hospitals due to the time and energy required to appeal them. Denials continue to plague the healthcare industry, compounding the already complicated payment model.

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Bonus Features – May 26, 2024 – Only 43% of hospitals routinely exchange data, about 70% of organizations want to change archiving vendors, plus 24 more stories

Healthcare IT Today

News and Studies The National Institutes of Health’s Advanced Research Projects Agency for Health (ARPA-H) launched the Universal Patching and Remediation for Autonomous Defense (UPGRADE) program with $50 million in funding to develop tools for hospital IT teams to enhance cybersecurity measures and combat ransomware.

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A guide to connected health device and remote patient monitoring vendors

Healthcare IT News - Telehealth

Finally, Qure4u helps care providers navigate the complicated labyrinth of RCM payments and incentives offered through CMS, state Medicaid programs and private payers’ value-based care contracts, the vendor said. Somatix markets SafeBeing, which is a wearable, AI-powered, remote patient monitoring system for healthcare providers.

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Weekender 5/3/19

HIStalk Weekender

Coming back full circle, there is still going to be a market for community hospital IT software but it will be one that is in long-term decline and largely a maintenance market that lives of the 16-20% annual software and maintenance feeds vendors charge (more if they host it). Smartfood99 ).

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