Artificial Intelligence (AI) is a boon to the healthcare industry. It has gained significant traction in recent times from optimizing healthcare operations to providing superior diagnosis and treatment. Today we will look at some exciting examples. 1. Cleveland Clinic, Ohio … Read More
Tools
Real-Time Data in Revenue Cycle Management
The healthcare industry must emphasize the importance of minimizing the often unnecessary cost burden associated with reworking of claims due to denials. This can be accomplished by identifying possible claim denials and correcting them before submission. The key to improving … Read More
OCR in Healthcare Revenue Cycle
OCR has enhanced the way people read and do business for years. The use of OCR in the healthcare industry now enhances the divide between digital and manual processes. The addition of deep learning techniques to OCR solutions further develops robust solutions for the healthcare industry. … Read More
How to Improve COVID-19 Related Claim Denial Rates
Payers denying healthcare insurance claims is something we all are very familiar with. Whether the claims are denied for missing information, incorrect medical coding, or anything in between, 9% of claims are initially denied, on average. The national pandemic has … Read More
Workflow Automation in Healthcare Revenue Cycle
COVID-19 has prompted health care executives to analyze their spending more carefully to ensure a healthy profitability. 78% of executives plan to transform current manual processes to more digital and automated processes, allowing for the strategic use of human capital … Read More
Operational Efficiency in Healthcare
MIT Principal Research Scientist, George Westerman, states “digital transformation marks a radical rethinking of how an organization uses technology, people, and processes to fundamentally change business performance.” During a presentation for HIMSS20 Digital, Cheryl Rodenfels, CTO of Americas Healthcare at … Read More