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Management

To Improve Revenue Cycle Performance, Look Beyond Mere EHR

October 18, 2019

A new Navigant analysis has found that over 60 percent of hospitals and health systems are not realizing optimal value from their EHR system.

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Deep Dive: Financial Crime & Fraud in the Age of Cybersecurity

October 17, 2019

Want to go deep on financial fraud and crime, and learn the difference between the two while also learning about the role of modern cybersecurity tools in curtailing both? Get comfortable and spend some time with this comprehensive article from McKinsey & Company covering Financial crime and fraud in the age of cybersecurity. Their analysis…

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Poor Digital Experience Equals Lost Patients

October 14, 2019

An article at HealthcareDive.com paints a bleak picture for healthcare providers who are not staying up-to-date with the latest digital patient interfaces. About 41% of patients said they would consider switching providers for a better digital experience, according to a survey of more than 1,600 adults commissioned by New York-based patient billing company Cedar. Compared…

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Traditional Fraud Prevention Falls Short in Age of AI

October 9, 2019

Paymnts.com reported recent data (from West Monroe Partners) that found 77 percent of banks are already putting AI solutions to use in some way. Count Chase as one of the forefront adopters of Artificial Intelligence solutions and technology. Chase is embracing AI and ML to help customers conduct business while preventing fraudsters from making off with data or financial…

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One Bed – One Bill; A Concept Whose Time Has Finally Come?

October 3, 2019

You might remember the post where we explored the misadventures of a patient who tried — in vain — to anticipate and control the costs of a planned procedure by interacting with his medical facility. It didn’t go so well. Loyale Healthcare recently asked a question that a lot of people — medical professionals and…

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AI and the Resurrection of Moore’s Law

September 26, 2019

Moore’s Law famously states that the number of transistors on a microchip doubles every two years, though the cost of computers is halved. A new essay on Medium.com explores how Moore’s Law had actually been “phasing out” for a period of time: Moore’s Law, one of the fundamental laws indicating the exponential progress in the…

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AI Becoming More and More Vital in Banking

September 24, 2019

Let’s face it: Human beings are indispensable, but we are learning that in order to bring the level of service that is expected in today’s marketplace, machines and analytics have to work together and deliver quicker, more intelligent solutions than we’ve previously seen or experienced. This is the root of Artificial Intelligence and its value…

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Pew: Congress Should Adopt ONC Guidelines for Cures API Mandates

September 19, 2019

The Office of the National Coordinator for Health IT’s (ONC’s) has issued guidelines for adopting application programming interfaces (APIs) into health data and EHR use. (You can see their report on hospitals’ usage of EHR data here.) The organizations who signed on to the letter are: American Academy of Family Physicians American Academy of Neurology…

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Cryptocurrency vs. Real-Time Payments vs. Checks; Which Will Win?

September 4, 2019

When Facebook announced its Libra payment system, reactions were varied, to say the least. Can a gigantic company that cannot be trusted to safeguard our heretofore private information be ready to handle cryptocurrency? PYMNTS.com wonders if another giant company, Walmart, might have a better chance to succeed in the payments field, particularly in light of…

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Cloud Computing: Now a Standard FinTech Tool

August 27, 2019

It seems like not so long ago cloud computing was a nifty pie-in-the-sky idea (see what we did there?) that we’d eventually embrace along with personal jet packs and resorts on the moon. While the jet packs and moon lodgings are still off in the future, let’s make one thing clear: cloud computing is not…

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