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Keep up with the industry's highlights and Effy's milestones, products and services news.
Data quality in healthcare: Current problems and possible solutions
Oct 20, 2022
Data quality in healthcare can directly affect patient outcomes, physicians’ decision-making abilities and more. Unfortunately, there are many examples of data quality issues running rampant in healthcare. Improving healthcare data quality is a crucial and ongoing process. Here’s a closer look at how data quality impacts healthcare.
From Head in the Clouds to On the Ground Cloud-Based Revenue Cycle Management
Sep 2, 2022
Healthcare stakeholders have been notoriously skeptical of cloud technology, but now providers are seeing its value through cloud-based revenue cycle management systems.
Billing, Coding Errors Costing Providers Big Time
Jun 27, 2022
New research estimates that a single primary care physician could add $124,435 in preventative services to their practice's annual revenue if coding and billing practices were rectified.
Most Hospitals Lack Effective Cost Reduction Programs, Survey Finds
Jun 8, 2022
Hospitals must identify areas for savings, establish a governance structure, and foster collaboration to achieve effective cost reduction programs, researchers said.
What Healthcare Could Learn From Consumer-Driven Industries
May 10, 2022
Today’s connected consumers have grown accustomed to seamless and personalized experiences across categories—whether they’re ordering groceries through an app, streaming movies across devices or buying clothes online. But in healthcare, consumers don’t have that same power.
How next-generation automation technology can improve healthcare revenue management
Apr 11, 2022
The revenue cycle is incredibly complex due to shifting payer requirements, continuous regulatory compliance and coding updates, and emerging and evolving payment models. That complexity increases the administrative burden and drives up cost for providers.
Fixing Data Overload in Health Care
Mar 16, 2022
Many health care organizations are plagued by data overload. The result is their boards, leaders, and managers don’t have the data they need to identify areas in need of improvement and track progress in addressing them. A five-step approach, however, can solve this problem. It was derived from work with thousands of health care organizations.
Harvard Business Review
Understanding the Healthcare Revenue Cycle Process
Mar 8, 2022
Healthcare revenue cycle is the lifeblood of any hospital or health system.
It comprises all the activities that lead to payment for services provided, from patient registration to verification of benefits to care delivery, claim submission and reimbursement. It also involves communication — with patients, insurance companies, government payers such as Medicare and Medicaid.
As one former HFMA Chair describes it, “Efficient, effective revenue cycle management [is] key to our survival. It also directly impacts our ability to contribute to the health and well-being of our communities.”
How Modernization Journeys in Healthcare Center the Patient
Feb 3, 2022
As healthcare organizations continue their digital transformation paths, they need to keep patient-centered care at the center of their strategies.
Revenue cycle management 2.0: The key to successful healthcare finance
Jan 19, 2022
To improve performance and meet new challenges, healthcare providers need to blend the next generation of Revenue Cycle Management (RCM) with traditional patient care.
Top 5 Healthcare Tech Trends Poised for Growth in 2022
Jan 5, 2022
Best-bet new-arrival innovations include hybrid AI virtual/in-person care as well as precision medicine, but others may surprise you.
What Is Revenue Cycle Management, and How Does It Benefit Health Organizations?
Dec 23, 2021
Implementing automation and other technologies can make healthcare organizations’ revenue cycle management processes more efficient and accurate.
How Automation Is Transforming Healthcare Jobs
Dec 21, 2021
All jobs are vulnerable to some degree of automation, including those in healthcare. The specter of automation delivers a quick stab of panic for many as they imagine their future.
The current state of AI in healthcare – 6 important trends for 2022
Nov 28, 2021
Artificial intelligence has changed the face of consumer and enterprise technology in recent years. Even though artificial intelligence is making inroads in different fields, life sciences and healthcare are two areas where AI is making a huge impact. In addition, with added research and development, the applications of artificial intelligence in the healthcare sector continue to grow.
Claims Denials and Underpayments—What’s Impacting Your Health Care Clients’ Bottom Line?
Oct 25, 2021
It is commonplace to believe that enrolling in a health insurance plan allows you to visit your provider for the health care goods and services necessary to treat your condition, and in turn, the provider will receive payment for the services you received. This is not always the case.
Hospital Revenue Cycle Transformation Needed to Boost Performance
Oct 18, 2021
75% of healthcare leaders experienced adverse revenue cycle impacts during the pandemic, underscoring the need for hospital revenue cycle transformation.
ARTIFICIAL INTELLIGENCE (AI) – A BOOST TO BETTER MANAGE HEALTHCARE REVENUE CYCLES
Oct 18, 2021
The global pandemic resulted in numerous changes in healthcare, both in terms of practice and behind-the-scenes procedures. As we head into the new normal where technology has become the way of life, healthcare organizations are rethinking their strategies, thus making artificial intelligence (AI) in healthcare and revenue cycle management a hot topic.
Leaders Say Efficiency, Not Finances, is Top Rev Cycle RPA/AI Benefit
Oct 13, 2021
More than 80% of leading health systems that are using RPA/AI say their primary reason for investing in the technology was improving financial performance, but once the technology was in use, they said efficiency was the top benefit.
As Revenue Cycle Management Expands, Automation Is Key
Sep 26, 2021
Revenue cycle management is no longer just what happens in the business office, now hospitals must coordinate patient access, CDI, quality, and other aspects of care in order to get paid.
How Does Artificial Intelligence Compare to Augmented Intelligence?
Sep 23, 2021
Both artificial intelligence and augmented intelligence share the same goal but have different approaches to achieve it.
Health IT Analytics
How Health IT Leaders’ Roles Have Evolved During the Pandemic
Sep 20, 2021
Three HealthTech influencers share insights on how their jobs and the healthcare industry have changed since March 2020.
What healthcare can learn from the retail customer experience
Sep 19, 2021
As hospitals and health systems redefine and deliver consumer-oriented care, those that understand the value of the patient experience will emerge as leaders in the post-pandemic healthcare market.
Artificial Intelligence In Healthcare: 10 Medical Fields A.I. Will Change Completely
Sep 1, 2021
Artificial intelligence in healthcare has an unimaginable potential. Within the next couple of years, it will revolutionize every area of our life, including medicine. I am fully convinced that it will redesign healthcare completely – and for the better. Let’s take a look at the promising solutions it offers.
The Medical Futurist
How an effective revenue cycle management strategy can help reduce burnout
Aug 10, 2021
Optimizing the revenue cycle can help reduce much of the stress that contributes to burnout.
What Revenue Cycle Can Do to Prepare for Surprise Billing Compliance
Aug 4, 2021
Surprise billing compliance will have impacts throughout the revenue cycle, so preparation now is key to meeting the January 1st deadline.
Are We Approaching AI’s Big Moment in Healthcare? Let’s Hope So
Aug 3, 2021
Terrific examples of the leveraging of AI and machine learning are emerging everywhere in healthcare; the time is now to address urgent cost, efficiency, and care quality issues across the U.S. healthcare system
Slack Is Needed If The Digital Transformation Of Healthcare Is To Succeed
Aug 3, 2021
“Slack time does something more than what we thought,” the authors say. “You need a creative idea for sure, but you also need to tell people about it and you need to put some effort into raising money. Slack time may give you the opportunity to do those mundane, execution-oriented tasks.”
Transformation Never Ends, Says New Chief Digital Officer
Jul 22, 2021
“You've never transformed. You're always transforming. And if you're always transforming, then it becomes much easier to figure out what are the offline or antiquated services that we can digitize, and then secondly, where can we innovate to create something new.” - Jason Szczuka, Chief Digital Officer, Bon Secours Mercy Health
Future of telehealth for health systems depends on infrastructure and analytics
Jul 19, 2021
McKinsey expects a proliferation of innovative tech-enabled care delivery models that will accelerate the adoption of value-based care.
How Intelligent Automation Could Help Avoid Trillions In Losses Per Year
Jul 19, 2021
Intelligent automation (IA) technologies have great potential to reduce financial losses across all businesses, from multinational corporations to small family businesses and sole traders.
How does RPA and Process Mining support Digital transformation
Jul 18, 2021
Using RPA and process mining for digital transformation ensures efficiency and increased productivity.
Using advanced analytics to look at the ‘whole person’ for better value-based care delivery
Jul 13, 2021
By embracing flexible healthcare analytics solutions that measure and analyze across different data sources and promote a holistic approach to healthcare delivery, providers are better positioned to drive value-base care success.
3 Strategies for Revenue Cycle Management Optimization
Jul 7, 2021
Revenue cycle management optimization will be key to recovering from last year’s devastating losses. Here are 3 strategies from leading provider organizations.
How Do Healthcare CEOs View the Transformative Future?
Jul 1, 2021
A new survey from KPMG sheds light on how healthcare leaders overseeing hospitals, health systems and care provider networks are preparing for the future
More than 30% of hospitals are near the 'danger zone' of denial rates
Jul 1, 2021
The pandemic has only made the trend worse, as 33% of hospital executives report average claims denial rates of 10% or more.
Healthcare Leaders Expect AI to Unseat Telehealth as Top Digital Health Investment
Jun 28, 2021
In the next three years, only 40 percent of healthcare leader respondents say they expect to invest heavily in telehealth, while AI will emerge as a key area for investment
How Providers Can Improve Patient Financial Experience
Jun 24, 2021
In the aftermath of COVID-19, payment flexibility, digital engagement, and transparency are crucial to improving patient financial experience, recent reports show.
Xtelligent Healthcare Media
COVID-19 Exposes Technology Disparities, Opportunities Across Hospital Ecosystem
Jun 22, 2021
The pandemic has taught hospital leaders about the limitations of their clinical communication tools and how to address those disparities
Healthcare Innovation Group
Revenue cycle directors deal with a competitive market for staff as elective care returns
Jun 11, 2021
Because of COVID-19's push to a remote workforce, hospitals are competing for billers and coders not just locally, but nationally.
Efficiency and Personalization Are the Future of Digital Health Technology
Jun 8, 2021
Innovations such as artificial intelligence are making a difference in quality of care, according to experts in a recent panel discussion.
Pandemic Shines Spotlight On Big Data And AI In Life Sciences And Healthcare
May 25, 2021
Today, Fortune 1000 companies are managing exponentially greater volumes and sources of data, while leveraging emerging technology capabilities including machine learning and AI to gain ever more granular insights into market opportunities. Companies are leveraging computers to do the work that they once relied on humans to perform.
Health IT Innovation Is Key to Medication Management Reform
May 23, 2021
Actionable data can empower care teams, including clinical pharmacists, to implement comprehensive medication management.
Health Tech Magazine
Pandemic scrambled priorities of hospital CIOs, according to survey
May 19, 2021
Stoltenberg Consulting annual’s healthcare IT outlook survey concludes that the COVID-19 pandemic has rearranged their priorities. Moreover, the pandemic has "raised the bar for the digital health experiences."
Revenue Assurance Market – Increasing Incidence Of Revenue Leakages Is One Of The Prominent Factors Expected To Drive The Market
May 19, 2021
Key factors that are driving the market growth include an increase in complication of networks & services coupled with the rising usage use of technology by fraudsters.
Digital Journal/GetNews/Grand View Research, Inc.
How technology is making healthcare more human
May 16, 2021
Adding more tech to healthcare hasn’t dehumanized it—instead, it’s helped healthcare meet people where they are, writes pharma giant Sanofi’s CEO.
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