Healthcare IT Today

OCTOBER 23, 2024

Within 48 hours of the attack, another clearinghouse called Availity set up a free digital connectivity option for payers, providers, and third-party administrators to assist an industry in crisis. As a result of its efforts, Availity experienced a 40% increase in electronic transaction volume.

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Healthcare IT Today

JUNE 29, 2023

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. Just 23% of consumers completely trust the healthcare industry, according to Salesforce. The key lies in optimization.

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Healthcare IT Today

AUGUST 16, 2024

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?

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Healthcare IT Today

JULY 11, 2024

The following is a guest article by Janet Boos, Vice President and General Manager of Revenue Cycle at Veradigm The past few years have been volatile for the healthcare industry. RCM aims to create a quick, efficient, and accurate system for collecting payments from payers and patients to maintain excellent financial health.

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Healthcare IT Today

OCTOBER 30, 2023

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.

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Healthcare IT Today

FEBRUARY 6, 2025

The Access Healthcare leadership team will continue to steer the organization and lead this next stage of growth and innovation. Access Healthcare has built one of the most efficient RCM platforms in the industry processing more than 400 million transactions annually. Access Healthcare partners with many of the largest U.S.-based

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Healthcare IT Today

AUGUST 25, 2023

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. Seth Cohen, President at Cedar – Bringing together all of the industries involved in patient billing to create one streamlined network.

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Healthcare IT Today

MARCH 15, 2025

Another topic for the experts in the Healthcare IT Today community highlighted AI use cases such as RCM automation, diagnostic efficiency, clinical documentation, and predictive analytics. Read more… When Numbers Talk: Bridging Gaps in Healthcare Leadership.

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Life Science RCM Leadership Healthcare IT 66

Healthcare IT Today

JULY 30, 2024

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. Unsurprisingly, GenAI in healthcare is expected to reach USD 22.1

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RCM Medical Billing Leadership Interoperability 122

Healthcare IT Today

AUGUST 8, 2024

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. Check out the interview below to learn from FinThrive, UC San Diego Health, and CereCore about this RCM technology maturity model.

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Healthcare IT Today

MARCH 4, 2025

Candid’s platform addresses the root cause of RCM inefficiency through modern data engineering and automation. With touchless claim rates and payor net collection rates greater than 95%, the Candid platform drives industry-leading results. ” The company grew revenue nearly 250% YoY in 2024.

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Healthcare IT Today

APRIL 10, 2025

Jason Warrelmann is Vice President of Healthcare Strategy at UiPath , a company in the “agentic AI” space across multiple industries including healthcare. In this video, three tech leaders discuss the possibilities currently offered by AI agents in health care. These experts also discussed role-based or persona-based AI.

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Healthcare IT Today

APRIL 6, 2025

More than 60% of IT executives said getting the most of their IT purchases is their top goal for the year, according to the latest health IT industry outlook report from Stoltenberg Consulting. MDaudit released AI Assist to help answer queries from RCM professionals. Mental health provider SonderMind is now available nationwide.

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Healthcare IT Today

AUGUST 7, 2024

One of the leading causes of burnout in the healthcare industry is the overwhelming amount of tasks that need to be completed without nearly enough time to do them. And unfortunately, this is a problem that only compounds on itself.

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Healthcare IT Today

DECEMBER 23, 2024

Sameer Bhat, Co-Founder and VP of Sales at eClinicalWorks In 2024, AI became accepted across the healthcare industry. The healthcare industry faces a supply-and-demand challenge, and AI-powered contact centers will be game-changers. These are rule-based, repetitive tasks. With the workflow automation market projected to grow from $7.1

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Healthcare IT Today

AUGUST 7, 2024

Making well-informed decisions is very important in the healthcare space, especially for areas that are necessary for your organization to function, like revenue cycle management (RCM). Here’s how: Unmasking Hidden Trends: Data analytics can analyze vast amounts of RCM data to identify trends and patterns invisible to the naked eye.

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Healthcare IT Today

AUGUST 9, 2024

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?

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Healthcare IT Today

AUGUST 9, 2024

Ultimately, the integration of true AI and machine learning in RCM contributes to greater accuracy, reduced denials, and a better patient experience. The best RCM work is eliminating the work itself, and if the work cannot be eliminated then it’s about automating the work through AI and machine learning models.

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RCM Interoperability Healthcare IT Patient Experience 122

Hinduja Global Solutions

FEBRUARY 8, 2021

For better RCM, prioritize people and track with technology. Across the healthcare industry, health information mismanagement is causing a loss of millions of dollars each year. Proper revenue cycle management (RCM) involves careful documentation of the entire patient journey, from pre-registering through payment collection.

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Healthcare IT Today

JUNE 30, 2022

The upside of adopting technology for RCM can be significant: A drop in DSO (days sales outstanding). One technology in particular is proving to be very effective for RCM improvement – data analytics. Why communication from leaders remains key to RCM improvement. How executives can make work-from-home for RCM staff work.

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Healthcare IT Today

NOVEMBER 20, 2023

Cantata offers a complete platform, including an integrated electronic health records (EHR) system, revenue cycle management (RCM), and a suite of clinical solutions that are fully configurable. Its Arize EHR solution was built for the health and human services market and with the clinician in mind.

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Healthcare IT Today

JULY 29, 2024

That’s why we were excited to sit down with Steve Rowe, Healthcare Industry Lead at 3Pillar , to talk about this topic head on. Be sure to check out 3Pillar’s eBook “ The Revenue Cycle Playbook: 7 Opportunities to Modernize the Healthcare Payment Ecosystem ” to hear more of their perspectives on improving RCM.

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Healthcare IT Today

FEBRUARY 26, 2025

The Evolution of Healthcare Technology The healthcare industry has witnessed a dramatic technological transformation over the past 15 years. Forte has also held leadership roles in business development, operations, and strategy at several healthcare, services, and technology companies, including Emerson Electric Corporation.

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Healthcare IT Today

OCTOBER 11, 2024

The following is a guest article by Brian Doyle, SVP at Rectangle Health Recent cyberattacks in the industry caused significant disruptions in healthcare claims processing and billing, impacting physicians, patients, and insurers.

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Healthcare IT Today

JANUARY 9, 2023

RSi Chief Executive Officer Brent Rollins remarked on the news, “RSi’s leadership team and Invicta’s leadership team have been acquainted for many years. Along the way, the company has developed clientele that expands beyond healthcare systems and hospitals to include other larger revenue cycle service providers.

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Healthcare IT Today

FEBRUARY 23, 2024

RCM automation, powered by artificial intelligence, can achieve this – saving considerable time and adding millions of dollars to the bottom line. trillion American healthcare industry will be AI-driven within the next few decades. Healthcare providers need an adaptable and scalable solution to address these issues permanently.

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Healthcare IT Today

MARCH 19, 2023

Not surprising RCM is also a popular use case for AI, with 78% of health systems currently using it or evaluating its use. RCM vendor PMMC is working with CAST Imaging to accelerate its migration to the cloud. Healthcare is one of six industries featured at the event.

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Healthcare IT Today

MAY 30, 2024

With this context, I believe novel applications of AI in RCM today are less about the technologies themselves and more about how traditional revenue cycle processes must evolve based on a technology-first mindset. healthcare industry.

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Healthcare IT Today

FEBRUARY 27, 2023

The market will see increased asks/attention for bots as they are critically needed in RCM to offset staff shortage, enhance staff retention, and accelerate tasks (ultimately cash flow). As a result, we’ll see the industry further turn to automated solutions in 2023 such as intelligent document processing (IDP) to streamline workflows.

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Healthcare IT Today

DECEMBER 4, 2022

The latest healthcare industry financial benchmark from Syntellis found that hospital margins remain in the red , at -2%, but a drop in expenses per discharge and a rise in outpatient revenue suggest that pressure may be easing. That’s significantly more than the 19% of Americans who have a diagnosed anxiety disorder.

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Healthcare IT Today

SEPTEMBER 29, 2023

However, proper staffing for EHR, revenue cycle management (RCM), and other major health IT system transitions go far beyond IT personnel. In fact, my experience suggests that operational readiness is a key factor for EHR and RCM success. Each phase of a project, from ideation to activation, demands specific skills and insights.

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Healthcare IT Today

JANUARY 15, 2024

Medical travel accounts for nearly 2% of all tourism to America, a $4 billion industry. Hospitals Explore RCM Technologies Across the board, claim rejections are growing by number and amount, which is putting a squeeze on accounts receivable and provider cash flow.

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Healthcare IT Today

OCTOBER 6, 2023

Theresa Lanowitz, Head of Evangelism at AT&T Cybersecurity The healthcare industry is continuing to make moves to transform digitally. During this time, seeking input from industry peers and engaging external expertise to identify vulnerabilities can help prevent costly mistakes and accelerate deployment.

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Healthcare IT Today

JANUARY 19, 2024

Subsequently, the healthcare industry will continue to seek to find ways to harness AI and emerging technologies in 2024, with a focus on enhancing clinical processes, decision support, and workforce management. This applies to the entire RCM ecosystem including reducing administrative burdens and producing cleaner claims.

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Healthcare IT Today

OCTOBER 5, 2020

According to a recent Global Industry report, the telehealth market expanded from $45 billion […]. Now that COVID-19 has triggered an explosion of telehealth, more clinics are recognizing virtual patient care as an essential aspect of the integrated care model.

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Healthcare IT Today

FEBRUARY 13, 2023

We also ask Mizell how technology has helped and hurt healthcare in her decades of experience in the industry. Finally, she gives some great advice for those who are just coming up in the industry. You’ve had decades of experience in the industry, how has technology helped and how has it hurt us? What prompted the effort?

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Healthcare IT Today

JANUARY 10, 2024

This frees up staff to focus on more complex and strategic aspects of RCM. By directing human resources toward value-added tasks, RPA efficiently handles repetitive, non-value tasks, reflecting the timeless wisdom of “work smarter, not harder,” as coined by industrial engineer Allen F. Morgenstern.

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