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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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Weekly Roundup – May 4, 2024

Healthcare IT Today

Read more… Cybersecurity, AI, and the Future of RCM. Colin Hung interviewed Michael Quinn at Inovalon about why humans remain key to RCM even as automation takes hold. In part two, Andy dove into how analysis of biomarkers can influence treatment plans and provide personalized, holistic recommendations.

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Bonus Features – January 14, 2024 – Epic Research shows telehealth results in more follow-up visits that in-office care, Elevance Health to offer smartphones to qualified Medicaid beneficiaries, plus 21 more stories

Healthcare IT Today

News and Studies Follow-up rates for telehealth and in-office visits have remained consistent since 2020 , according to analysis from Epic Research. GLP-1 agonists have overtaken insulin in total prescriptions and cost among commercially insured patients , according to an analysis from Cedar Gate Technologies.

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Bonus Features – January 7, 2024 – New executives at CitiusTech, MultiPlan, and NextGen, plus 15 other stories

Healthcare IT Today

Bloomlife and PeriGen are partnering to improve access to monitoring and data analysis for of high-risk pregnancies. New England Orthopedic Surgeons (NEOS) is implementing athenaOne EHR, RCM, and patient engagement functionality. Data platform Arcadia has joined the Atropos Evidence Network of evidence-generating applications.

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Bain & Company - KLAS Research 2023 HealthTech Report: Key Points for Providers, Vendors & Investors

Lloyd Price

The report also finds that providers are prioritizing their IT investments in certain key areas, such as: Revenue cycle management (RCM) : RCM is the process of managing the financial aspects of patient care, from billing and coding to collections and denials. Market Insights & Analysis for Founders & Investors.

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Bonus Features – May 7, 2023 – Less than 1% of all medical claims include an ICD-10 Z code, 78% of consumers say virtual health is important when considering health plans, and more

Healthcare IT Today

The analysis also found that Z-codes are most frequently used in behavioral health and acute care settings. Partnerships Patient education and engagement vendor Mytonomy has connected Mytonomy Cloud for Healthcare with Oracle Health EHR. EHR and RCM vendor for therapy and rehab practices Raintree released Raintree Payments.

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Bonus Features – November 26, 2023 – 85% of healthcare orgs boosting IT spending in 2024, 70% of orgs actively considering generative AI, plus 18 more stories

Healthcare IT Today

More than 85% of health systems are increasing IT and digital budgets for 2024 , a Guidehouse analysis found. Cybersecurity tops the list of investment priorities, followed by EHR modernization, virtual / digital care, and AI. RCM is by far the most popular potential use case, with 58% of all considering the use of generative AI there.

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