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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

Research and Surveys Stanford Health Care tested GPT-3.5 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. The survey also found that only 20% of employees are very confident in knowing how to use their health benefits.

RCM 81
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The Payment Integrity Game-Changer: Generative AI

Healthcare IT Today

A 2022 Deloitte survey of U.S. Healthcare technology companies are urged to design interoperable data platforms that offer holistic data access and transparency to better meet the needs of health workers, care teams, and patients across the continuum of care. In fact, studies by the U.S.

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Healthcare AI – 2024 Health IT Predictions

Healthcare IT Today

The evolution of AI from narrow applications to broader, more advanced uses will be a key trend, as well as the increasing acceptance of AI as a vital tool in clinical settings. A KLAS executive survey reports that the number of healthcare organizations deploying generative AI will at least double in the next year.

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The Role of RCM in Health Equity

Healthcare IT Today

Involving revenue cycle management (RCM) is necessary for any comprehensive SDoH/health equity strategy. Thoughtful documentation allows coders to assign appropriate codes for tracking and trending SDoH patterns, enabling healthcare organizations to understand their patient populations better. A Health and Revenue Driver.

RCM 79
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Healthcare Workforce – 2024 Health IT Predictions

Healthcare IT Today

A whopping 100% of respondents in Experian Health’s latest survey said staffing shortages impacted their organizations and 70% of those who said payer reimbursements are the most impacted by the staff shortages say it led to higher denial rates. This frees up staff to focus on more complex and strategic aspects of RCM.

Health IT 117
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Healthcare AI and Automation: Good or Bad?

Healthcare IT Today

The market will see increased asks/attention for bots as they are critically needed in RCM to offset staff shortage, enhance staff retention, and accelerate tasks (ultimately cash flow). Automation is making a big difference in revenue cycle management (RCM). Even chatbots that can triage and provide information are automated.

RCM 101
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HIStalk Interviews Gabriel Orthous, CIO, Central Georgia Health Network

HIStalk Interviews

Is the trend of hospitals acquiring practices changing the dynamic between independent doctors and hospitals? Usually those are part of a system of trying to identify CPT codes or ICD codes in order to get paid through a billing RCM model. You have dichotomies of political and revenue cycle. That’s just one component.

EMR 48