Financial/Revenue Cycle Management

Artificial intelligence has elevated the quality and efficiency of documentation, improved the completeness of that documentation and reduced charting time significantly. It has also enabled more attentive and personalized care.

This month, companies including Oracle, Medtronic, Atropos, Elation, LeanTaas, Palantir and more released artificial intelligence and virtual reality enhancements that offer health systems a menu of efficiency tools. 

William Chan, cofounder and CEO of Iodine Software, says artificial intelligence can help providers in two key areas: denials and revenue leakage.

At the HIMSS AI in Healthcare Forum in Brooklyn next month, keynote speaker Tom Lawry will offer some no-nonsense perspective on the steps health systems need to take to make the most of their artificial intelligence investments.

A new tool can provide healthcare customer service representatives with real-time financial data on patients to guide more empathetic conversations about payment options, says RevSpring President Nicole Rogas.

Dr. Don Rucker, chief strategy officer at 1upHealth, who led ONC in the first Trump administration, says the government is returning to pre-pandemic norms, rather than making cuts to Medicare and Medicaid.

Fostering a culture of transparency, accuracy, and respect for patient data may be key to fully realise AI's potential in healthcare, says a healthcare data analyst.

Hal Andrews, CEO of Trilliant Health, explains the significance of the legislation, requiring every not-for-profit hospital to have charges equal to or less than the state average, which was signed by Governor Mike Braun in May.

Michael Needham, principal at Efficio, says the Trump administration's tariffs create uncertainty and indecision for business.