RCM and Trends - Connected Health Pulse

Should You Keep RCM in House or Leverage RCM As a Service?

Healthcare IT Today

OCTOBER 27, 2022

One of the hottest topics we hear talked about at Healthcare IT Today has to do with revenue cycle management (RCM). COVID and other financial pressures have driven RCM to the top of many healthcare organization’s strategic priorities. Plus, finding the right RCM staff makes this even harder.

RCM

RCM Medical Billing Healthcare IT Health IT

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

Healthcare IT Today

AUGUST 25, 2023

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. Comment down below or on social media what trend in RCM we should be keeping an eye on and why.

RCM

RCM Health Information Healthcare IT Patient Experience

RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

JUNE 29, 2023

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. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole.

RCM

RCM Primary Care Leadership Healthcare IT

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

Healthcare IT Today

OCTOBER 23, 2023

The ideal partner will demonstrate an upward trend in cash collections over time while protecting the patient’s financial experience, knowing how important both aspects are in protecting your organization’s ability to provide high-quality care and service.

RCM

RCM Patient Experience Medical Billing Medicare

Mastering Revenue Cycle Management: Strategies for Success

BHM Healthcare Solutions

OCTOBER 3, 2023

In the complex world of healthcare, efficient revenue cycle management (RCM) is the linchpin that ensures a healthcare organization’s financial health. The Significance of Effective RCM For healthcare organizations, mastering revenue cycle management is not merely a matter of administrative efficiency; it’s a financial imperative.

RCM

RCM Patient Experience

What’s Revenue Cycle Management Going to Look Like in 2025?

Healthcare IT Today

MARCH 29, 2022

Healthcare IT Today recently partnered with CorroHealth on an e-Book called The Road to 2025: 5 RCM Trends that Are Shaping the Future of Healthcare. The e-Book is full of great insights into how the world of revenue cycle management (RCM) is changing and what healthcare organizations need to know to be prepared for this […].

RCM

RCM Healthcare IT Health IT

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

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 latest monthly trends report from Syntellis showed a -0.9% Further compounding the problem: 59% of providers rate patient health literacy as poor despite their education efforts.

RCM

RCM HIE Healthcare IT Primary Care

Weekly Roundup – March 16, 2024

Healthcare IT Today

MARCH 16, 2024

Read more… Price Transparency Trends Shifting Responsibility to Employers. Read more… Unlocking the Power of Interop for More Effective RCM. Read more… Bonus Features for March 13, 2024: HIMSS Edition. AI news from AWS, Google, Innovaccer, Microsoft, and Oracle Health, plus 18 more stories.

RCM

RCM Healthcare IT Patient Experience EHR

Weekly Roundup – December 30, 2023

Healthcare IT Today

DECEMBER 30, 2023

John Lynn and Colin recap the year that was, offering their take on the biggest trends, best conferences, and favorite interviews of 2023. Read more… Bonus Features for December 24, 2023: 74% of orgs automating RCM operations, plus per-physician revenue exceeding expenses at U.S.

RCM

RCM Life Science Mental health Healthcare IT

Weekly Roundup – August 26, 2023

Healthcare IT Today

AUGUST 26, 2023

Read more… What Trend in RCM Are You Keeping Your Eye on Right Now and Why? Members of the Healthcare IT Today Community share what trends in RCM they are looking out for and why. John and Colin wrote down a list of ten topics and rolled a d10 to pick which topics they would discuss in this episode.

RCM

RCM Life Science Healthcare IT Patient Experience

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

Lloyd Price

SEPTEMBER 17, 2023

The report also finds that providers are prioritizing their IT investments in certain key areas, such as: Revenue cycle management (RCM) : RCM is the process of managing the financial aspects of patient care, from billing and coding to collections and denials.

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

RCM vendor FinThrive introduced automation functionality to its insurance discovery product. Inovalon announced the launch of RCM Intelligence to help practices monitor payment trends and cash flow projections. Analytics software company Advata released Advata Smart AR , an accounts receivable process automation tool.

HIE

HIE RCM Primary Care EHR

Technology & RCM & AI, Oh My!

Healthcare IT Today

JUNE 27, 2023

So with all of these incredible innovations, let’s take a moment to narrow our field down to Revenue Cycle Management (RCM). How can we be using technology to optimize RCM? And even more specifically, what role can data analytics and AI play in optimizing RCM? We would love to hear from all of you as well!

RCM

RCM EHR Healthcare IT Health Data

Cash is Queen Says RCM Experts

Healthcare IT Today

JUNE 30, 2022

The upside of adopting technology for RCM can be significant: A drop in DSO (days sales outstanding). One technology in particular is proving to be very effective for RCM improvement – data analytics. Why communication from leaders remains key to RCM improvement. How executives can make work-from-home for RCM staff work.

RCM

RCM Healthcare IT EMR Meaningful Use

Weekly Roundup – March 2, 2024

Healthcare IT Today

MARCH 2, 2024

What Health IT Trend Has You Most Excited ? 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. We hope this gives you a chance to catch up on anything you may have missed during the week.

Life Science

Life Science RCM Healthcare IT FHIR

Patient Square Capital to acquire SOC Telemed

Healthcare IT News - Telehealth

FEBRUARY 7, 2022

THE LARGER TREND. Other recent deal announcements include Stryker's plans to buy Vocera Communications for $3 billion and R1 RCM's move to snap up Cloudmed. The acquisition marks yet another notable healthcare deal this season, following the announcements of Oracle's plans to buy Cerner for a whopping $28.3 ON THE RECORD.

RCM

RCM Telemedicine Healthcare IT

Healthcare C-suite bullish on AI, telehealth

Healthcare IT News - Telehealth

OCTOBER 20, 2020

They said they were looking for ways to increase the efficiency of RCM processes and workflows. THE LARGER TREND. Although technologies such as predictive analytics and AI were viewed as one solution, many leaders felt it wasn't the answer to the need for greater price transparency.

Telehealth

Telehealth RCM Healthcare IT Telemedicine

Weekly Roundup – January 13, 2024

Healthcare IT Today

JANUARY 13, 2024

Credit balance and payment vendor TREND Health Partners acquired Advent Health Partners , which reviews medical records in RCM processes. Read more… Funding and M&A Activity: CoachCare acquired Verustat ; both companies specialize in remote patient monitoring. Ambient AI assistant Nabla raised $24 million in Series B funding.

Interoperability

Interoperability Healthcare IT RCM Health IT

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

Weekly Roundup – January 20, 2024

Healthcare IT Today

JANUARY 20, 2024

Affordability, personalization, consumerism, loyalty, data access and ownership, access to care, and collaborative care are just some of the trends in patient outreach and education that our experts see for the year ahead. Read more… Funding and M&A Activity: Veradigm acquired RCM vendor Koha Health.

Healthcare IT

Healthcare IT RCM Health IT EHR

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

More than 80% of all claims denials are associated with Medicare , according to the latest annual benchmark report from RCM and auditing software maker MDaudit. Check out our recent coverage of the PointClickCare Summit and learn more about key trends in long-term and post-acute care.). healthcare system to keep them healthy.

EHR

EHR RCM Healthcare IT Mental health

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 – 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

Leveraging Great People and AI to Improve Revenue Cycle Outcomes

Healthcare IT Today

AUGUST 8, 2023

As part of their efforts to reduce denials, TruBridge analyzes denials to look for trends: what particular types of claims are commonly denied by each payer? Plus, he shares how these tools can prevent denials up front rather than reconciling them on the back end which costs a lot more money.

Healthcare IT

Healthcare IT RCM Health 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

HFMA Edition: How Are You Incorporating AI and Technology like ChatGPT Into Your Organization or Product?

Healthcare IT Today

AUGUST 31, 2023

Laxmi Patel, Chief Strategy Officer at Savista said “One of the things we’re looking at at Savista is related to data analysis and integration of those trends into our outcomes. ” “What AI helps us do is review every patient chart, so then we have the ability to give our clients the best solution for their teams.

Healthcare IT

Healthcare IT RCM Health IT

5 Must-Haves in a Patient Financial Communication Platform

Healthcare IT Today

SEPTEMBER 25, 2023

For example, 51% of patients say they would pay their bills faster if they received a payment reminder text, according to Salucro’s 2023 Trends in Patient Payment Communications Report. For that, RCM firms and providers need to leverage CCM platforms to also customize the content of their patient financial communications.

RCM

RCM Patient Experience HIPAA healthcare technology

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. News and Studies ONC announced the launch of the USCDI+ Platform , the single place where datasets for all USCDI+ domains will be located.

RCM

RCM EHR HIE Healthcare IT

The Payment Integrity Game-Changer: Generative AI

Healthcare IT Today

FEBRUARY 9, 2024

As a technology provider specializing in healthcare AI, we strive to inform and inspire action in a variety of ways, from publishing AI trend reports to building a new online community called AI for PI for payment integrity professionals to network, share insights, and deepen their knowledge of artificial intelligence.

Interoperability

Interoperability healthcare technology RCM Healthcare IT

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. This applies to the entire RCM ecosystem including reducing administrative burdens and producing cleaner claims.

Health IT

Health IT RCM Healthcare IT Interoperability

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. About Helen Lamons.

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. The dearth of healthcare professionals impacting the entire healthcare industry is only adding fuel to the fire.

RCM

RCM Healthcare IT Health IT

Insights and Perspectives from #HFMAAnnual Conference

Healthcare IT Today

JULY 1, 2022

Catching up with Jeff Becker from @Fin_Thrive at #HFMAAnnual to hear what he thinks is trending at the conference. Finally, I talked with Jeff Becker from FinThrive to learn about what he thought were important topics at the conference. pic.twitter.com/6BRAuXlBqK. John Lynn (@techguy) June 28, 2022.

Interoperability

Interoperability Health IT RCM Healthcare IT

Weekly Roundup – August 19, 2023

Healthcare IT Today

AUGUST 19, 2023

Read more… Moving the Industry Forward With an RCM Adoption Model. Healthcare has many models, but until recently RCM has been missing. Jeff Becker and John Yount at FinThrive described their roadmap for RCM implementation and realizing value as an organization.

RCM

RCM Healthcare IT EHR HIE

How Will the Current Macroeconomic Environment Impact Digital Health and Healthcare IT Decision-Making?

Healthcare IT Today

OCTOBER 6, 2023

As health systems grapple with market uncertainty, how will the current macroeconomic environment impact digital health and healthcare IT decision-making? How are AI and automation addressing healthcare labor shortage challenges? Capital One Healthcare analyst Don Hooker shared his perspective with Healthcare IT Today in the following interview.

Digital Health

Digital Health Healthcare IT Interoperability RCM

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

Weekender 5/3/19

HIStalk Weekender

MAY 3, 2019

The only area that has avoided this trend is smaller (and relatively newer towns) in the SW and West which never had much, if any, of a manufacturing base to begin with. The trend is going to be ASC/outpatient wherever possible and more micro-hospitals/hospital-at-home. Smartfood99 ).

EHR

EHR RCM Nursing HIPAA

Healthcare Workforce – 2024 Health IT Predictions

Healthcare IT Today

JANUARY 10, 2024

This frees up staff to focus on more complex and strategic aspects of RCM. To mitigate these effects, we’ve seen a recent rise in practices adopting AI-assisted technology to help streamline administrative tasks and improve operational efficiency – a trend we can expect to continue throughout 2024.

Health IT

Health IT Nursing Interoperability RCM

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

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

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. You have dichotomies of political and revenue cycle. That’s just one component.

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

Weekly Roundup – June 24, 2023

Healthcare IT Today

JUNE 24, 2023

Read more… One Health System’s Roller Coaster Journey to Improved RCM. That turned out to be a blessing in disguise, interim CEO and CMO Dr. Brian Stratta, told Colin Hung, as it required reviewing and streamlining the RCM process, which cut claims denial from 45% to 17% and made real-time RCM reports possible.

RCM

RCM eHealth Healthcare IT FHIR

Should You Keep RCM in House or Leverage RCM As a Service?

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

Trending Sources

RCM: Fixing the Old and Adjusting to the New

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

Mastering Revenue Cycle Management: Strategies for Success

What’s Revenue Cycle Management Going to Look Like in 2025?

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

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

Weekly Roundup – March 16, 2024

Weekly Roundup – December 30, 2023

Weekly Roundup – August 26, 2023

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

Technology & RCM & AI, Oh My!

Cash is Queen Says RCM Experts

Weekly Roundup – March 2, 2024

Patient Square Capital to acquire SOC Telemed

Healthcare C-suite bullish on AI, telehealth

Weekly Roundup – January 13, 2024

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

Weekly Roundup – January 20, 2024

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

Billing Staffers Look for Better Reporting Functionality from Medical Billing Software

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

Leveraging Great People and AI to Improve Revenue Cycle Outcomes

The Role of RCM in Health Equity

HFMA Edition: How Are You Incorporating AI and Technology like ChatGPT Into Your Organization or Product?

5 Must-Haves in a Patient Financial Communication Platform

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

The Payment Integrity Game-Changer: Generative AI

Healthcare AI – 2024 Health IT Predictions

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

The Role of Automation in Alleviating Staffing Shortages

Insights and Perspectives from #HFMAAnnual Conference

Weekly Roundup – August 19, 2023

How Will the Current Macroeconomic Environment Impact Digital Health and Healthcare IT Decision-Making?

Healthcare AI and Automation: Good or Bad?

Weekender 5/3/19

Healthcare Workforce – 2024 Health IT Predictions

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!

A guide to connected health device and remote patient monitoring vendors

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

Weekly Roundup – June 24, 2023

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