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RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

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. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole.

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Bonus Features – October 9, 2022 – Optum completes Change Healthcare acquisition, interest in flu shots is declining, and more

Healthcare IT Today

Optum first announced its intention to acquire Change in January 2021, but the DOJ initially blocked the deal in February 2022 due to anti-competition concerns. While 40% of patients surveyed didn’t get a flu shot in 2021, 43% haven’t gotten a flu shot yet this year or don’t plan to get one.

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Bonus Features – January 15, 2023 – 80% of consumers want a clearer process for dealing with billing errors, USCDI update would add 20 more elements, and more

Healthcare IT Today

An analysis of 12 million commercial members from value-based care platform Cedar Gate concluded that inpatient surgery volumes decreased more than 7% from 2019 to 2021. Telehealth provider Dr. B expanded its service offerings to include dermatology, sexual health, reproductive health and primary care. DrFirst promoted G.

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Bonus Features – April 16, 2023 – Accenture says generative AI could augment 40% of healthcare work, 31% of healthcare workers don’t know what to do if a data breach happens, and more

Healthcare IT Today

The inaugural report on consumer technology software and services from the Consumer Technology Association (the folks who put on CES) named digital therapeutics as the fastest-growing software and services market, with 25% growth from 2021 to 2022 and 19% growth from 2022 to 2023.

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Bonus Features – January 8, 2023 – Omnibus bill extends telehealth expansion through end of 2024, 60% of solution providers pouring all event marketing money into in-person events, and more

Healthcare IT Today

The first quarterly Healthcare IT Market Report from Pivot Point Consulting hinted at a continued need for providers to develop long-term strategies around virtual care, customer relationship management, and RCM optimization. Urgent care software provider Experity appointed Brian Berning as its Chief Financial Officer.