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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.
By addressing common Urgent Care challengesranging from provider burnout to revenue cycle management (RCM) issuesAI can revolutionize Urgent Care operations. Optimizing Revenue Cycle Management (RCM) AI can streamline RCM by automating claims submissions and handling denial management with incredible speed and accuracy.
So with all of these incredible innovations, let’s take a moment to narrow our field down to Revenue Cycle Management (RCM). How can we be using technology to optimize RCM? And even more specifically, what role can data analytics and AI play in optimizing RCM? We would love to hear from all of you as well!
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies Medical coding denials are up 125% compared to last year , according to a report from MDaudit. Thoughtful AI launched six specialized AI agents for RCM workflows.
Using its proprietary medical-native foundation model, Cofactor AI reviews clinical evidence, coding guidelines, standard of care guidelines, and peer-reviewed studies, and identifies discrepancies between claims, medical documentation, payer policies, and facility contracts.
A recent study on the health care system estimated $150 billion is wasted each year because patients cant get transportation to their preventative care appointments. One study showed that missed appointments is costing the healthcare system more than $150 Billion a year in the US. NEMT can help with this problem.
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. Comment down below or on social media what trend in RCM we should be keeping an eye on and why. We’ve compiled all of their answers together in the video down below.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. HCPro launched its Provider Education Microlearning Series , which offers training on clinical documentation integrity, coding, and RCM.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Nearly two-thirds (65%) of RCM leaders believe generative AI will substantially impact medical coding operations , according to an AKASA survey.
These factors have made the already complex activity of revenue cycle management (RCM) – the process of tracking care from patient registration to claims submission to final payment – significantly more challenging. Conversely, RCM inefficiencies can severely diminish the quality of care and lead a provider to financial ruin.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies An Omega Healthcare survey found 85% of senior healthcare executives believe AI will improve RCM efficiency.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. A study of whole-body MRI scan results from Prenuvo found evidence Type 2 diabetes may be associated with structural changes in the brain. Real-time location service vendor Kontakt.io
Read more… OntarioMD Study Validates the Hype of AI Scribes. Colin interviewed John Anilraj and Ryan Christensen at AGS Health about the company’s Intelligent RCM Engine, which optimizes workflows and improves efficiency while preventing claims denials and boosting cash flows.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies Hospitals ended 2024 with operating margins of 6%, and health systems with margins of 2.1% , according to the latest data from Strata Decision.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. A study from CWH Advisors and Synchrony found that 63% of providers have RCM staffing shortages , and 61% expect to work with third parties for help.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. RCM vendor TruBridge elected Amy O’Keefe to its Board of Directors. Welcome to the weekly edition of Healthcare IT Today Bonus Features.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies A survey from ixlayer and Ipsos found 81% of patients with chronic conditions said pharmaceutical companies should provide resources to help them get the care and medicines they need.
By leveraging a cloud CCM platform to offer print/mail, email, and text messaging options, providers and RCM leaders can quickly close these gaps to give patients the billing and payment experiences they want. Some platforms enable RCM firms and providers to automate and manage secure opt-in for electronic delivery and return mail processing.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. News and Studies ONC announced the launch of the USCDI+ Platform , the single place where datasets for all USCDI+ domains will be located.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies In the last 12 months, 44% of healthcare organizations experienced a data breach or cyberattack involving a third-party vendor , according to an Imprivata report.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. News and Studies The Sequoia Project released a bundle of TEFCA draft documents , including v2 drafts of the Common Agreement and QHIN Technical Framework.
As a business, it makes sense to embrace AI in revenue cycle management (RCM) fully. One of the largest areas with AI-enabled products and functions for RCM is denials management. In healthcare, RCM performance is critical. Selecting the Best AI Offering to Improve RCM. The potential applications are limitless.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. RCM managed services vendor Ensemble received a patent for its data retrieval and decision support technology. Welcome to the weekly edition of Healthcare IT Today Bonus Features.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies More than 90% of providers believe prior authorizations leads to delays in care and adversely impacts patient outcomes , according to the latest AMA research.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. News and Studies Median hospital margins rose to 2% in November , according to the latest data from Syntellis, and per-physician revenue growth is outpacing per-physician expenses.
The following is a guest article by Eric Demers, CEO at Madaket Health The recent CWH Advisors’ 2022 Patient Pay study unearthed some troubling trends in the administration of RCM. The dearth of healthcare professionals impacting the entire healthcare industry is only adding fuel to the fire.
This article is a roundup of interesting stories, product announcements, partnerships, research studies, and sales from this year’s event in Nashville. RCM optimization vendor Iodine Software launched Appeals Management Workspace to support denials management.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies Market intelligence vendor Panda Health released The Digital Health ROI Report. Virginia-based Mary Washington Healthcare chose Ensemble for RCM.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies and Reports So far in 2023, only 24% of healthcare organizations were able to disrupt a ransomware attack before attackers encrypted their data , according to a Sophos survey.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies An industry trends report from Auvik found 56% of healthcare organizations face a shortage of IT talent. Welcome to the weekly edition of Healthcare IT Today Bonus Features.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Meanwhile, a second Epic Research study found a link between low levels of uric acid and diagnoses of degenerative neurologic conditions such as dementia.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Pearson integrated AI study tools into its nursing curriculum. RCM vendor Ensemble Health Partners achieved HITRUST Risk-Based, 2-year Certification for its EIQ platform.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. RCM vendor R1 is partnering with Palantir Technologies to launch R37 , an AI lab focused on healthcare financial performance.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. RCM vendor FinThrive introduced automation functionality to its insurance discovery product. Welcome to the weekly edition of Healthcare IT Today Bonus Features.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. More than 90% of respondents said providing routine healthcare post-COVID is putting a strain on their departments, with 90% of RCM departments experiencing a labor shortage.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies Only 63% of practices have a cybersecurity response plan in place , according to a Software Advice survey. RCM vendor TruBridge received the Peer Reviewed by HFMA designation.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. News and Studies Compared to other industries, healthcare is leading the way in improving networks to support edge computing, according to the latest AT&T Cybersecurity Insights Report.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Wolters Kluwer Health is offering UpToDate as an available add-on to Anki , an online flashcard study app popular with medical students.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Utilization of genetic testing increased 5% from 2022 to 2023 , according to a report from Avalon Healthcare Solutions.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. Studies A study from Maine’s University of New England found VR technology can enhance empathy and improve bedside manner in medical students.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. EHR, RCM, and practice management vendor Greenway Health hired Chuck Rackley and Geordie Sanborn in Vice President of Sales roles.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. News and Studies The latest Hospital Vitals report from Syntellis and the AHA found that hospitals have seen a 28% decline in cash reserves over the last 19 months.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. RCM outsourcing vendor Ensemble Health Partners expanded its partnership with Microsoft. Welcome to the weekly edition of Healthcare IT Today Bonus Features.
This article will be a weekly roundup of interesting stories, product announcements, new hires, partnerships, research studies, awards, sales, and more. 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.
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