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Outsourcing will pivot to a more surgical, targeted strategy, focusing on high-impact, specialized areas like revenue integrity, underpayment recovery, and the more commonplace out-of-state Medicaid and small balance recovery work where RCM outsourcing supplements streamlined, automation-empowered teams instead of replacing them.
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… Introducing the LifeSciences Today Podcast. Read more… Applying the Buy Now, Pay Later Principle to Healthcare.
Read more… LifeSciences Today Podcast : Drug Discovery With AI and Deep Tech. Read more… Funding and M&A Activity: Knack RCM acquired PPM Partners , which provides anesthesia billing and practice management services. Musculoskeletal care provider Vori Health secured $53 million in Series B funding.
AI-powered revenue cycle management (RCM) systems streamline billing and coding processes, reduce claim denials, and optimize revenue capture. Pratik Maroo, Head of Healthcare and LifeSciences at Zensar Healthcare organizations and information management professionals must be careful while leveraging emerging technologies such as AI.
More than 80% of healthcare and lifescience executives expect AI and cybersecurity to dominate the investment market in 2025 , according to a BRG report. MDaudit released AI Assist to help answer queries from RCM professionals. New York-based Syracuse Orthopedic Specialists chose Veradigm RCM and coding modules.
Read more… Improving RCM With AI. RCM automation vendor Candid Health raised $52.5 Lindus Health raised $55 million in Series B funding ; the company executes clinical trials for lifescience organizations. million in Series C funding.
Rural hospital financial optimization company Cibolo Health selected TruBridge as its preferred RCM partner. CitiusTech launched CitiusTech HealthSPARX , a real-world data platform for lifesciences organizations. Knack RCM announced Michelle Brown as Vice President of Transformation.
Read more… Using RCM Technology to Close Healthcares Generation Gap. Healthcare and lifesciences are full of life-saving but unsupported medical devices. Healthcare is expected to lose 2 million workers to retirement by 2029. Read more… The Detrimental Impact of Technical Debt.
Partnerships Redox is partnering with Snowflake to make data from legacy healthcare systems available in Snowflake’s Healthcare & LifeSciences Cloud. RCM vendor TruBridge received the Peer Reviewed by HFMA designation. Kyruus Health integrated with MEDITECH Expanse to provide online scheduling.
dedicated to healthcare and lifesciences. Leveraging AI in RCM can expand automation, increase efficiency, and facilitate better collaboration. Melyssa Fratkin at SC24 outlined how NYU Langone Health is bringing AI to clinical care and research thanks to the largest computational system in the U.S.
Lifesciences data vendor H1 released GenosAI Pro , which brings conversational AI to feasibility planning and trial design. New Hampshire-based Dartmouth Health is continuing its partnership with Conifer Health Solutions for RCM services. RCM vendor Savista named Michael Waite as Vice President of Sales.
In the latest Healthcare IT Today Interviews podcast, Colin Hung chats with Jess Stover at SimiTree and Derek Shaw at Invicta Health Solutions about the role of process automation and data analysis in improving revenue cycle management (RCM) and boosting cash flow at a time when many practices need it.
Read more… Navigating Correlation and Causation with LifeSciences in the Age of AI. Read more… What Trend in RCM Are You Keeping Your Eye on Right Now and Why? Members of the Healthcare IT Today Community share what trends in RCM they are looking out for and why.
Read more… Finding Balance in Patient-Centric RCM. An effective RCM strategy, then, should incorporate elements of omnichannel communication, patient journey mapping, easy payment options – and sympathy for patients who may face expensive bills. Preventive health and longevity company Viome LifeSciences closed an $86.5
Read more… Bonus Features for December 24, 2023: 74% of orgs automating RCM operations, plus per-physician revenue exceeding expenses at U.S. Read more… Funding and M&A Activity: Patient experience and financial performance vendor R1 RCM is acquiring Acclara , an RCM vendor, from Providence.
In the second installment, Andy explained the many stages of RCM that can benefit from generative AI: Claims, prior authorization, appeals, resource management, and contract generation. Read more… Generative AI in Your Desk Drawer: A Wealth of Additional Uses.
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). Automation is making a big difference in revenue cycle management (RCM). Even chatbots that can triage and provide information are automated.
” Google Cloud released new capabilities in Vertex AI Search for healthcare and lifesciences, highlighting Hackensack Meridian Health and Highmark Health in its announcement. TrustCommerce integrated its patient payments platform with athenaIDX , athenahealth’s RCM product.
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