Financial/Revenue Cycle Management

The tech giants have expanded their strategic collaboration to bolster cloud-based enterprise life cycle management with access to multiple LLMs and foundation models developers can use to build customized applications on in-house data.

David Morris, EVP at Cedar Gate Technologies, explains that the model allows for a gradual approach to risk for more conservative and less experienced ACOs, in comparison to ACO REACH, which requires a greater tolerance for risk.  

Digital tools can provide patients with customized payment plans for unexpected bills and treat them with dignity along their financial journey. Ryne Natzke, chief revenue officer at TrustCommerce, a Sphere company, explains how.  

Partnership with Valtruis, Blue Venture Fund, Mass General Brigham Ventures and CareSource provides app and individualized care.

Its new survey of inpatient purchasing finds Epic as the only vendor to increase its net market share in 2023 – gaining 153 new hospital clients and now covering more than half of acute care multispecialty beds nationwide.

Cleveland Clinic has named Sarah Hatchett as its new senior vice president and chief information officer. WHY IT MATTERS Hatchett had served as interim chief information officer at Cleveland Clinic since August 2023, when the health system's then-CIO Matthew Kull left for Inova Health System. As interim CIO, Hatchett had already earned experience with a portfolio of responsibility including oversight of over $500 million in ongoing projects, health system integrations, hospital constructions, capital projects and IT operations. Previously, Hatchett had served as the clinic’s associate CIO, where she oversaw its Enterprise Applications and Growth portfolio. She has also led information technology integrations across several hospitals joining the Cleveland Clinic health system – including Mercy, Martin Health and Indian River hospitals. Hatchett has also led the system's Electronic Health Records Transformation program and helped align supporting programs, processes and strategic plans across Cleveland Clinic. Prior to her time in Ohio, Hatchett held other healthcare leadership roles at NYC Health + Hospitals, Sutter Health and Epic. THE LARGER TREND Among just some of Cleveland Clinic's recent news: its participation, along with more than a dozen other health systems, in the Trustworthy & Responsible AI Network, or TRAIN. (Recently, Hatchett's colleague, Chief Analytics Officer Albert Marinez, offered Healthcare IT News some advice for AI success.) Cleveland Clinic has also been a leader recently with quantum computing, launching its Quantum System One platform with IBM, innovating new supercomputer use cases and making quantum power available to other healthcare startups. ON THE RECORD "In healthcare, technology plays a crucial role in enhancing patient care, improving operational efficiency and driving better outcomes," said Hatchett in a post this week on LinkedIn announcing her new role. "As we move forward, my focus will be on fostering a culture of innovation, collaboration and continuous improvement, while always safeguarding our platform. "I am filled with optimism and excitement for the future," she added. "Together, we can overcome any challenge and seize every opportunity to advance our mission of providing world class care."   CIO Connect, a HIMSS Professional Development program that aims to prepare aspiring health IT leaders, is accepting applications now through June 2024. Learn more. Mike Miliard is executive editor of Healthcare IT News Email the writer: mike.miliard@himssmedia.com Healthcare IT News is a HIMSS publication.

Dr. Gauri Puri, chief business officer for healthcare at WNS, a global business process management company, offers a deep dive that can lead IT leaders at hospitals and health systems on the road to digital success.

New LEAP in Health IT money from ONC is meant to find and fund innovative new approaches to evaluating EHR data quality for machine learning models and driving IT adoption by behavioral health providers.

"It would be political malpractice for Congress to sit on its hands and not respond to this report," says AMA president.

Health systems outsource their revenue cycle management for many reasons, including reducing cost to collect and increasing yield, says Grant Veazy, CTO at Ensemble Health Partners.