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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. These models require providers to eliminate: Fragmented care that drives up costs. The key lies in optimization.

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Bonus Features – April 9, 2023 – 63% of RCM departments face staffing shortages, small Stanford study shows 90% of GPT answers in clinical setting are “generally safe,” and more

Healthcare IT Today

A study from CWH Advisors and Synchrony found that 63% of providers have RCM staffing shortages , and 61% expect to work with third parties for help. A survey from care coordination company Quantum Health discovered that 67% of employees don’t receive help from employers to navigate their healthcare journey.

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Weekly Roundup – March 2, 2024

Healthcare IT Today

In the second installment, Andy explained the many stages of RCM that can benefit from generative AI: Claims, prior authorization, appeals, resource management, and contract generation. Read more… Generative AI in Your Desk Drawer: How to Get There. Read more… How Will Regulators Address AI in Healthcare ?

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Weekly Roundup – March 11, 2023

Healthcare IT Today

Read more… How to Continue to Improve Medication Management. Funding and M&A Activity: RCM company CodaMetrix closed $55 million in Series A funding. RCM technology and service provider AGS Health acquired Availity’s India-based patient access outsourcing business unit.

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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 therapeutic company Medisafe surveyed patients, providers, and digital health leaders about the state of digital solutions for patient care. Tennessee-based Highland Physicians Inc.

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Weekly Roundup – June 10, 2023

Healthcare IT Today

John spoke with Angela Burgess at Randolph Health and George Dealy at Dimensional Insight about how to ensure that all staff get value from data and what success is possible through data-driven operations. Recently launched capacity management vendor Florence acquired Zipnosis , a virtual care solution provider.

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Weekly Roundup – November 12, 2022

Healthcare IT Today

John Lynn attended the CHIME Fall Forum and tuned in to the CIO panel, where longtime and interim CIOs shared their thoughts on how the CIO role has changed, how CIOs can help to address burnout, and how to guide their organizations into the future. Panelists also talked about the path forward for digital innovation.

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