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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. Keith Olenik, Chief Health Information Officer at AHIMA – The impact robotic process automation and other AI tools will have on the workforce.

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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

AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients. If incorrect patient health information is shared between providers, consequences could be dire. John Bou, COO and Co-Founder of Modio Health.

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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

The Health Care Payment Learning & Action Network made two additions to its Health Equity Advisory Team : Vanetta Abdellatif at Delta Dental’s Arcora Foundation and Dr. Mark Friedberg at Blue Cross Blue Shield of Massachusetts.

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AAPC Expands Its Technology Solutions Portfolio with the Acquisition of Semantic Health

Healthcare IT Today

This will help us improve data quality, optimize revenue cycle management (RCM) efficiency, and unlock generative AI in healthcare.” ” Semantic Health empowers auditing teams by identifying high-impact revenue and quality opportunities across medical coding and clinical documentation improvement.

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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

Wearable vendor Circular released Circular Ring Slim, a health and biometric monitor that weighs 2 grams and is 2.2 Surescripts has applied to become a QHIN through its subsidiary Surescripts Health Information Network. Sales Four organizations are adopting Oracle Health CommunityWorks , and two others have completed a go-live.

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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

The group also launched a health equity survey , with the results to be announced at ViVE in Nashville in March. ONC’s latest data brief indicated that, as of the end of 2021, more than 60% of hospitals are actively engaged in sharing health information.

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