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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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For better RCM, prioritize people and track with technology

Hinduja Global Solutions

For better RCM, prioritize people and track with technology. Proper revenue cycle management (RCM) involves careful documentation of the entire patient journey, from pre-registering through payment collection. Across the healthcare industry, health information mismanagement is causing a loss of millions of dollars each year.

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Digital Innovation and AI in Revenue Cycle Management

Healthcare IT Today

Revenue cycle leaders can use this analysis to understand gaps in care and develop patient-focused investment strategies. AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients. Dawn Crump, Sr.

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Three Ways AI is Preventing Revenue Leakage

Healthcare IT Today

RCM automation, powered by artificial intelligence, can achieve this – saving considerable time and adding millions of dollars to the bottom line. Moreover, the automated system can display this information in an easy-to-understand format, placing it where your team typically conducts data analysis. Which data was accessed?

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Weekly Roundup – July 29, 2023

Healthcare IT Today

We heard about the benefits of access to real-time data, the importance of data standards, and the need for mature data analysis and data management infrastructures. Read more… Healthcare Needs More Gender Diversity in Leadership. based EMR, RCM, and practice management assets to N. million in seed funding.

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Bonus Features – March 19, 2023 – Info for 81% of physicians is inconsistent in major health plan provider directories, 48% of health systems using AI for workforce management, and more

Healthcare IT Today

Not surprising RCM is also a popular use case for AI, with 78% of health systems currently using it or evaluating its use. Digital pathology application Paige added Mindpeak ‘s image analysis software to its platform. RCM vendor PMMC is working with CAST Imaging to accelerate its migration to the cloud.

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Bonus Features – December 4, 2022 – 34% of Americans take anti-anxiety meds during the holidays, hospital margins at -2% but show signs of hope, and more

Healthcare IT Today

Dental software maker Henry Schein One is partnering with VideaHealth to release AI-enabled X-ray analysis tools. RCM consultancy MDaudit announced three leadership team appointments : Raj Joshi as CISO, Jaenna Babajane as Vice President of Customer Experience, and Nisheet Goenka as VP of Engineering.

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