Financial/Revenue Cycle Management

America spends nearly one-third of the federal budget on healthcare, but life expectancy has declined and chronic disease is on the rise.

While Dubai seeks to leverage AI to offer personalized, data-driven care and increase efficiency, the Dubai Health Authority's Neville Perry says any new proposed healthcare AI projects must be compliant and cost-effective.

Billing time at Mountain Laurel Medical Center dropped by 19%, going from 4.2 days down to 3.4 days. Collections increased by 20%. Analytics helped with tracking value-based contracts and optimizing workflows. And no one is working 80-hour weeks anymore.

Abhinav Shashank, Innovaccer cofounder and CEO, says his company can help providers and payers connect data into a single layer that can support population health initiatives, revenue cycle automation and other big projects.

CliniComp's electronic health record leverages intrinsic artificial intelligence to improve clinical workflows and increase speed to billing and collections, says Sandra Johnson, the company's SVP of client services.

Reimbursement rules vary across the EU, slowing widespread adoption of digital therapeutics, though early frameworks in Germany and France are good foundations for future harmonisation and scale, says Louisa Stüwe from the French Ministry of Health.

With prebuilt artificial intelligence tools and open APIs, health systems can use the cloud-agnostic tech to develop and deploy real-time analytics that could improve operational efficiencies and care delivery outcomes.

After canceling some services due to a system-wide cybersecurity incident, Ohio-based Kettering Health said persons claiming to be team members are trying to scam patients by phone, and the health system has halted certain billing activities.

New research from TrustCommerce show that, while debit cards remain popular and can be cheaper for health systems to accept, many patients would rather pay for treatment digitally. Ryne Natzke, the company's chief revenue officer, explains.

Several new partnerships are deploying artificial intelligence to drive financial performance: filling underutilized OR schedules, pinpointing revenue leakage and improving medical coding accuracy.