RCM, Survey and Trends - Connected Health Pulse

Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM

Healthcare IT Today

OCTOBER 23, 2023

The following is a guest article by Pete Heydt, President at Patient Pay Ninety-five percent of healthcare leaders expect outpatient volumes to increase, with many anticipating increases of 10% or more this year, a recent survey found.

RCM

RCM Patient Experience Medical Billing Medicare

Remote cardiac monitoring programs have potential, but they're still falling short

Healthcare IT News - Telehealth

MAY 12, 2021

"These numbers are not surprising, as RCM is still relatively new," said Kristin Stitt, chief clinical officer at Vector, in a statement. That said, RCM technology is still maturing. The report also flagged a potential mismatch between the administrative burden of RCM on staff and the awareness of said burden on physicians.

RCM

RCM Remote care Nursing Healthcare IT

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

APRIL 9, 2023

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

RCM HIE Healthcare IT Primary Care

Bain & Company - KLAS Research 2023 HealthTech Report: Key Points for Providers, Vendors & Investors

Lloyd Price

SEPTEMBER 17, 2023

In a survey of 201 US healthcare provider executives conducted in June 2023, 56% of the respondents cited software and technology as one of their top three strategic priorities, compared with 34% in 2022. Providers are investing in RCM software to improve their efficiency and accuracy, and to reduce costs.

RCM

RCM Healthcare IT EHR Patient Experience

Bonus Features – October 9, 2022 – Optum completes Change Healthcare acquisition, interest in flu shots is declining, and more

Healthcare IT Today

OCTOBER 9, 2022

A PatientsLikeMe survey concluded that patient interest in flu shots is declining. While 40% of patients surveyed didn’t get a flu shot in 2021, 43% haven’t gotten a flu shot yet this year or don’t plan to get one. RCM vendor FinThrive introduced automation functionality to its insurance discovery product.

HIE

HIE RCM Primary Care EHR

Healthcare C-suite bullish on AI, telehealth

Healthcare IT News - Telehealth

OCTOBER 20, 2020

The report surveyed leaders in the healthcare field about their top innovations before the COVID-19 pandemic and how they'd changed. They said they were looking for ways to increase the efficiency of RCM processes and workflows. THE LARGER TREND. " WHY IT MATTERS.

Telehealth

Telehealth RCM Healthcare IT Telemedicine

Billing Staffers Look for Better Reporting Functionality from Medical Billing Software

Healthcare IT Today

NOVEMBER 30, 2021

A new survey looking at billing trends found that respondents hope to see better reporting functionality from their medical billing software.

Medical Billing

Medical Billing RCM Healthcare IT Health IT

Bonus Features – November 13, 2022 – HCA extends 30-year relationship with MEDITECH, cost of care replaces pandemic as top reason to defer care, and more

Healthcare IT Today

NOVEMBER 13, 2022

A Qualtrics survey found that cost concerns have replaced COVID-19 as the top reason for deferring healthcare services. A survey from Podimetrics, which provides clinical and patient support services for complex diabetes care, revealed that 53% of patients with Type 2 diabetes are afraid they will die from complications of the disease.

EHR

EHR RCM Healthcare IT Mental health

Bonus Features – May 28, 2023 – 20+ health systems pledge to use Epic to share info under TEFCA, 84x increase in telehealth for mental health from 2019 to 2022, and more

Healthcare IT Today

MAY 28, 2023

The latest report on mental health utilization trends from LexisNexis Risk Solutions shows an 84x increase in utilization of telehealth for mental health in 2022 compared to 2019. OM1 released Prescriber Trends and Comparative Outcomes for analysis of real-world data for immunology and mental health.

Mental health

Mental health Telehealth RCM HIE

Bonus Features – April 2, 2023 – 63% of nurses say AI will cause a generational divide among nursing staff, 67% of consumers prefer electronic medical bills but 78% of providers still use paper, and more

Healthcare IT Today

APRIL 2, 2023

InstaMed’s latest Trends in Healthcare Payments report noted a stark divide in how healthcare consumers prefer to be paid vs. how physicians bill them. EHR and RCM vendor Raintree Systems announced two executive appointments : Vu Nguyen was hired as Chief Product Officer (CPO), while Scott Rongo was promoted to Chief Revenue Officer.

Nursing

Nursing Medical Billing Primary Care EHR

The Payment Integrity Game-Changer: Generative AI

Healthcare IT Today

FEBRUARY 9, 2024

A 2022 Deloitte survey of U.S. Healthcare Pain Points Require New Approaches One of the greatest challenges the healthcare industry faces is the enormous administrative workload that goes along with managing claims, and this load falls heavily on the clinicians who are providing care. Strategic advancement of AI takes incremental steps.

Interoperability

Interoperability healthcare technology RCM Healthcare IT

The Role of RCM in Health Equity

Healthcare IT Today

NOVEMBER 25, 2022

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

RCM Medicare Interoperability Patient Experience

Healthcare AI – 2024 Health IT Predictions

Healthcare IT Today

JANUARY 19, 2024

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.

Health IT

Health IT RCM Healthcare IT Interoperability

Bonus Features – December 10, 2023 – 84% of physicians still use manual processes to manage care transitions, 70% of executives prefer managed services for RCM, plus 26 more stories

Healthcare IT Today

DECEMBER 10, 2023

Clinician shortages, virtual care partnerships, and weight loss medications are the major trends that will shape the healthcare landscape in 2024 , according to a report from SteadyMD. Roughly 5 in 6 (84%) of ambulatory care physicians use manual processes to manage transitions of care , according to a survey from WellSky.

RCM

RCM EHR HIE Healthcare IT

5 Must-Haves in a Patient Financial Communication Platform

Healthcare IT Today

SEPTEMBER 25, 2023

But many patients are, in fact, unhappy with the current state: 49% of all adults and 74% of millennials would consider switching providers for a better payment experience, according to InstaMed’s 2021 annual consumer survey on healthcare payments. Patient experience is everything, and that includes financial experience.

RCM

RCM Patient Experience HIPAA healthcare technology

Leveraging AI to Improve Revenue Cycle Management and Assist During Staff Shortages

Healthcare IT Today

DECEMBER 22, 2022

As a business, it makes sense to embrace AI in revenue cycle management (RCM) fully. AI can help predict claim denials by analyzing past denial trends and alert staff of the potential denial prior to billing. One of the largest areas with AI-enabled products and functions for RCM is denials management.

RCM

RCM Healthcare IT

The Role of Automation in Alleviating Staffing Shortages

Healthcare IT Today

JUNE 8, 2023

The following is a guest article by Eric Demers, CEO at Madaket Health The recent CWH Advisors’ 2022 Patient Pay study unearthed some troubling trends in the administration of RCM. A recent survey by Elsevier Health predicts that up to 75% of healthcare workers will leave the profession by 2025.

RCM

RCM Healthcare IT Health IT

Healthcare AI and Automation: Good or Bad?

Healthcare IT Today

FEBRUARY 27, 2023

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

RCM Patient Experience EHR Pharmaceuticals

Healthcare Workforce – 2024 Health IT Predictions

Healthcare IT Today

JANUARY 10, 2024

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

Health IT Nursing Interoperability RCM

A guide to connected health device and remote patient monitoring vendors

Healthcare IT News - Telehealth

MAY 6, 2020

The final Zio report gives physicians a comprehensive look into their patient’s heart rhythm data including: daily and total atrial fibrillation burden, daily and total ectopy burden, symptom/rhythm correlation, most relevant heart rhythm strips, heart rate trends, preliminary interpretation and key findings, and PVC burden and morphologies.

Connected Health

Connected Health Telehealth Pharmaceuticals EHR

Bonus Features – October 8, 2023 – 67% of Women are Having Issues with Getting a Clear Diagnosis – of which 25% are Still Waiting for Diagnosis or Gave up Entirely, Health Gorilla has 17 Healthcare Organizations Commit to Joining their QHIN, and More!

Healthcare IT Today

OCTOBER 8, 2023

A recent study by Surescripts on prescribing trends found that non-physicians working outside of primary care prescribed nearly 20% more diabetes, high cholesterol, and hypertension medicines than they did in 2019. Meanwhile, primary care physicians prescribed these same medications 3.5%

eCare

eCare Primary Care RCM Patient Experience

HIStalk Interviews Gabriel Orthous, CIO, Central Georgia Health Network

HIStalk Interviews

JUNE 12, 2019

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. It was death by a thousand surveys type of thing as opposed to clicks. It was beautiful.

EMR

EMR RCM HIE Interoperability

Bonus Features – August 27, 2023 – Trilliant Health Opens its National Provider Directory for the First Time Ever, 60% of Patients Trust Independent Practices over Corporate Healthcare, and More

Healthcare IT Today

AUGUST 27, 2023

More than one-third of the 321 participating health system executives are planning to automate two or more RCM or finance functions in 2024 a recent survey by Healthcare Financial Management Association (HFMA) and Eliciting Insights reports.

RCM

RCM EHR Healthcare IT Digital Health

Connected Health Pulse

Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM

Remote cardiac monitoring programs have potential, but they're still falling short

Trending Sources

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

Bain & Company - KLAS Research 2023 HealthTech Report: Key Points for Providers, Vendors & Investors

Bonus Features – October 9, 2022 – Optum completes Change Healthcare acquisition, interest in flu shots is declining, and more

Healthcare C-suite bullish on AI, telehealth

Billing Staffers Look for Better Reporting Functionality from Medical Billing Software

Bonus Features – November 13, 2022 – HCA extends 30-year relationship with MEDITECH, cost of care replaces pandemic as top reason to defer care, and more

Bonus Features – May 28, 2023 – 20+ health systems pledge to use Epic to share info under TEFCA, 84x increase in telehealth for mental health from 2019 to 2022, and more

Bonus Features – April 2, 2023 – 63% of nurses say AI will cause a generational divide among nursing staff, 67% of consumers prefer electronic medical bills but 78% of providers still use paper, and more

The Payment Integrity Game-Changer: Generative AI

The Role of RCM in Health Equity

Healthcare AI – 2024 Health IT Predictions

Bonus Features – December 10, 2023 – 84% of physicians still use manual processes to manage care transitions, 70% of executives prefer managed services for RCM, plus 26 more stories

5 Must-Haves in a Patient Financial Communication Platform

Leveraging AI to Improve Revenue Cycle Management and Assist During Staff Shortages

The Role of Automation in Alleviating Staffing Shortages

Healthcare AI and Automation: Good or Bad?

Healthcare Workforce – 2024 Health IT Predictions

A guide to connected health device and remote patient monitoring vendors

Bonus Features – October 8, 2023 – 67% of Women are Having Issues with Getting a Clear Diagnosis – of which 25% are Still Waiting for Diagnosis or Gave up Entirely, Health Gorilla has 17 Healthcare Organizations Commit to Joining their QHIN, and More!

HIStalk Interviews Gabriel Orthous, CIO, Central Georgia Health Network

Bonus Features – August 27, 2023 – Trilliant Health Opens its National Provider Directory for the First Time Ever, 60% of Patients Trust Independent Practices over Corporate Healthcare, and More

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