Financial/Revenue Cycle Management

Established firms have good track records, but there are high-performing developing companies, too; as providers tackled bigger strategic initiatives beyond mere EHR rollouts, they need to weigh how much they value experience and performance, a new report shows.

And benefits extend into areas it has not yet been able to quantify. For instance, the physicians group anticipates increased savings created by the filling of appointment slots that more quickly opened due to the technology.

Among other things, the technology has helped the hospital achieve a $3 million reconciliation payment annually for one CMS bundle alone.

Developed by Pensiamo, the CognitiveRx tool monitors market demand and uses machine learning to help maintain inventory levels during drug shortages.

These payments could be affecting the healthcare decisions made by non-prescribing healthcare professionals like nurses, according to a new study from the University of Sydney.

Researchers at Case Western Reserve University are developing an analytics platform to help determine the medical necessity of using helicopters for emergency transport.

Technology can notice oversights and help with formatting. And artificial intelligence has a role to play.

The national project is aimed at developing financially sustainable solutions to improve the health of underserved individuals and save money.

That’s according to a new Black Book survey of nearly 1,600 hospital and health system CFOs and other executives, which also indicated healthcare finance technologies will be tied to optimized financial processes.

The revenue cycle management vendor will use PARO to help healthcare organizations identify patients who would qualify for charity under a provider’s Financial Assistance Policy, using thousands of sources of socioeconomic data instead of credit scores as an evaluation metric.