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Unlocking the Power of Interoperability for Revenue Cycle Management

Healthcare IT Today

Interoperability is game-changing not just in a clinical setting, but it holds tremendous potential for healthcare’s financial stakeholders as well. A seamless transfer of data in the revenue cycle process results in optimal reimbursement, reduced administrative costs, and fewer surprises for patients.

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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

Only 43% of hospitals routinely engage in interoperable data exchange , according to the latest ONC data brief. Products Health Catalyst unveiled Health Catalyst Ignite , the next generation of its data and analytics platform. Inpatient data analytics vendor Kontakt.io appointed Michael R.

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Bonus Features – January 28, 2024 – 49% of orgs likely to invest in RCM tech in the next 18 months, v2 drafts of TEFCA Common Agreement and QHIN Technical Framework out, plus 27 more stories

Healthcare IT Today

About half (49%) of healthcare professionals are likely to invest in new RCM technology in the next 18 months , according to Salucro’s Healthcare Provider Fintech Insights Report. MRO earned the Validated Data Stream designation in the NCQA Data Aggregator Validation program.

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Weekly Roundup – April 13, 2024

Healthcare IT Today

Read more… The Value of Sharing Data Between Acute Care and Post-Acute Care. Brian Drozdowicz and Dr. Hamad Husainy at PointClickCare sat down with Colin and discussed how TEFCA and other regulations are driving interoperability efforts – and how data-sharing is key to reaping financial benefits under value-based care.

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Bonus Features – April 9, 2023 – 63% of RCM departments face staffing shortages, small Stanford study shows 90% of GPT answers in clinical setting are “generally safe,” and more

Healthcare IT Today

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. Product and Company News Interoperability company Lyniate rebranded as Rhapsody , which was the company’s original name before its 2019 merger with Corepoint Health.

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WellSky Acquires Corridor, Expands Commitment to Offering Best-in-Class Coding, Revenue Cycle Management Services for Post-Acute Industry

Healthcare IT Today

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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Claims Software Can Ease Manual Processes Related to Treating Medical Tourists from Outside the U.S.

Healthcare IT Today

Lack of Interoperability Brings Labor-Intensive Workflows Despite the high costs of healthcare in the United States relative to other nations , the country is known for its cutting-edge and innovative treatments. This lack of code interoperability creates paperwork challenges for American hospitals seeking payment from other nations.

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