Financial/Revenue Cycle Management

Rather than reinventing the wheel, healthcare must look to other sectors for innovative models, says public health advisor.

Marc De Martini, Medtronic Europe VP, shares how the company's wearable aims to reduce costs of care and time spent manually checking vital signs, as well as support patient safety more efficiently from surgery through recovery at home.

Hospital IT chiefs from the region also discussed insurance coverage for AI-related risks.

Staff buy-in is key to making AI work, says Dr. Lukasz Kowalczyk, a gastroenterologist and CEO of Soothien HealthTech Advisory – who also holds forth on the promise of agentic AI, the value of voice agents and the right balance of build-buy-blend.

Mark Newman, founder and CEO of Nomi Health, says the system makes it hard for primary care physicians to collect payment, so 30%-40% of their time is spent on administrative tasks.

Fund will fall short of addressing other bill provisions such as provider tax cuts, says National Rural Health Association.

Artificial intelligence has elevated the quality and efficiency of documentation, improved the completeness of that documentation and reduced charting time significantly. AI 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.