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What Trend in RCM Are You Keeping Your Eye on Right Now and Why?

Healthcare IT Today

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. Nate Kelly, President at ChartSwap – How do we exchange information between legal requesters and the providers, and how do we do it safely, simply, and quickly?

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

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Digital Innovation and AI in Revenue Cycle Management

Healthcare IT Today

Analyzing conversational data helps identify human coding errors, reduce disruptive billing claim processes, prevent fraud and guide decision-making. AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients.

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5 Must-Haves in a Patient Financial Communication Platform

Healthcare IT Today

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.

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Bonus Features – December 24 , 2023 – 74% of orgs automating RCM operations, per-physician revenue exceeding expenses at U.S. hospitals, plus 19 more stories

Healthcare IT Today

Because there’s so much happening out there in healthcare IT we aren’t able to cover in our full articles, we still want to make sure you’re informed of all the latest news, announcements, and stories happening to help you better do your job. Among those organizations not using automation, 80% plan to by the end of 2025.

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Bonus Features – January 29, 2023 – ONC says more than 70% of hospitals can use external data at the point of care, the 3 largest health info networks have indexed 90% of patients, and more

Healthcare IT Today

News and Studies HLTH Foundation formed the Techquity for Health Coalition , with a mission to help organizations consider health equity in health technology innovation and data practices. The group also launched a health equity survey , with the results to be announced at ViVE in Nashville in March.

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Bonus Features – November 19, 2023 – Critical access hospitals 16% less likely to participate in data exchange, two-thirds of orgs plan to increase AI spending by 25% in the next three years, plus 36 more stories

Healthcare IT Today

Representatives have introduced the WEAR IT Act , which would let Americans use money from Flexible Spending Accounts or Health Savings Accounts to pay for devices such as blood glucose and EKG monitors or sleep trackers. In particular, critical access hospitals are 16% less likely than other hospitals to engage in information exchange.

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