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Keep up with the industry's highlights and Effy's milestones, products and services news.

What Healthcare Could Learn From Consumer-Driven Industries

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.

Forbes

How next-generation automation technology can improve healthcare revenue management

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.

MedCityNews

4 Takeaways for the Future of Healthcare IT

4 Takeaways for the Future of Healthcare IT

Apr 5, 2022

As the healthcare industry continues to evolve, what will its IT sector look like in years to come?

HealthTech

Fixing Data Overload in Health Care

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

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.”

HFMA

How Modernization Journeys in Healthcare Center the Patient

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.

HealthTech

Así es el sistema de salud que México necesita

Así es el sistema de salud que México necesita

Feb 2, 2022

El sistema de salud mexicano tuvo, como no podía ser de otra forma, un impacto muy importante y notorio con la pandemia.

Forbes

Revenue cycle management 2.0: The key to successful healthcare finance

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.

Medical Economics

Top 5 Healthcare Tech Trends Poised for Growth in 2022

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.

Entrepreneur

What Is Revenue Cycle Management, and How Does It Benefit Health Organizations?

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.

HealthTech

How Automation Is Transforming Healthcare Jobs

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.

Forbes

The current state of AI in healthcare – 6 important trends for 2022

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.

iTMunch

Claims Denials and Underpayments—What’s Impacting Your Health Care Clients’ Bottom Line?

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.

Law.com

ARTIFICIAL INTELLIGENCE (AI) – A BOOST TO BETTER MANAGE HEALTHCARE REVENUE CYCLES

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.

Analytics Insight

Hospital Revenue Cycle Transformation Needed to Boost Performance

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.

RevCycleIntelligence

Leaders Say Efficiency, Not Finances, is Top Rev Cycle RPA/AI Benefit

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.

HealthLeaders

As Revenue Cycle Management Expands, Automation Is Key

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.

RevCycle Intelligence

How Does Artificial Intelligence Compare to Augmented Intelligence?

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

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.

HealthTech

What healthcare can learn from the retail customer experience

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.

MedCityNews

Why Big Tech can’t crack healthcare

Why Big Tech can’t crack healthcare

Sep 16, 2021

Technologists cannot disrupt healthcare without a complete understanding of the operating model. Co-creation is the best path forward.

CIO

Artificial Intelligence In Healthcare: 10 Medical Fields A.I. Will Change Completely

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

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.

MedicalEconomics

What Revenue Cycle Can Do to Prepare for Surprise Billing Compliance

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.

RevCycle Intelligence

Are We Approaching AI’s Big Moment in Healthcare? Let’s Hope So

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

Healthcare Innovation

Slack Is Needed If The Digital Transformation Of Healthcare Is To Succeed

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.”

Forbes

Transformation Never Ends, Says New Chief Digital Officer

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

HealthLeaders

Future of telehealth for health systems depends on infrastructure and analytics

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.

Healthcare Finance

How Intelligent Automation Could Help Avoid Trillions In Losses Per Year

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.

Forbes

How does RPA and Process Mining support Digital transformation

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.

Analytics Insight

Using advanced analytics to look at the ‘whole person’ for better value-based care delivery

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.

MedCityNews

3 Strategies for Revenue Cycle Management Optimization

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.

RevCycleIntelligence

More than 30% of hospitals are near the 'danger zone' of denial rates

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 Finance

How Do Healthcare CEOs View the Transformative Future?

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

Healthcare Innovation

Healthcare Leaders Expect AI to Unseat Telehealth as Top Digital Health Investment

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

Healthcare Innovation

How Providers Can Improve Patient Financial Experience

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

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

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.

HealthcareFinance

Efficiency and Personalization Are the Future of Digital Health Technology

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.

HealthTech

Pandemic Shines Spotlight On Big Data And AI In Life Sciences And Healthcare

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.

Forbes

Health IT Innovation Is Key to Medication Management Reform

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

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."

HealthcareDive

Revenue Assurance Market – Increasing Incidence Of Revenue Leakages Is One Of The Prominent Factors Expected To Drive The Market

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

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.

Fast Company

Roundtable: Include Nurses in the Conversation to Reduce EHR Burden

Roundtable: Include Nurses in the Conversation to Reduce EHR Burden

May 12, 2021

Researchers discuss how to bridge the gap between IT teams and nurses.

HealthTech

The Evolution of Patient Experience in 2021: How to Maximize Healthcare Technologies’ Impact on Interactions

The Evolution of Patient Experience in 2021: How to Maximize Healthcare Technologies’ Impact on Interactions

May 10, 2021

When the coronavirus swept across the nation last year, it pushed every business into embracing technologies out of necessity — perhaps the most pronounced coming from emerging technology in healthcare.

Healthcare Business Today

Why Patient Access is Key to Revenue Cycle Management Success

Why Patient Access is Key to Revenue Cycle Management Success

May 5, 2021

Patient access is the first point of contact for patients and the first time staff can get key information right for revenue cycle management success.

RevCycle Intelligence

The best way for hospitals to avoid revenue loss: 2 execs weigh in

The best way for hospitals to avoid revenue loss: 2 execs weigh in

Apr 29, 2021

U.S. hospital margins are remaining narrow, prompting healthcare revenue cycle leaders to examine their processes and make sure no money is falling through the cracks.

Becker's Hospital CFO Report