Artificial Intelligence and Deep Learning
Back in August, we explored the importance of Nvidia’s data centers to real-time check processing. The blog post garnered a huge amount of attention from our readers, yielding requests to take a deeper dive of the featured video from Mythbusters and the subject of GPUs vs CPUs.
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With healthcare organizations seeing lower volumes of patients for routine and elective procedures, the industry is having to withstand massive losses. While healthcare revenue for each organization depends on many factors, the American Hospital Association (AHA) reports that hospital operating margins are still down 28% year-to-date compared to 2019.
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The Amazon Web Services website reports that Capital One is completing its migration as the first US Bank to go all-in on the cloud — and it’s making waves in the industry. “Capital One, one of the largest banks in the United States, announced in November 2020 that it had completed the migration from all eight of its on-premises data centers to Amazon Web Services (AWS), becoming the first US bank to report that it was all in on the cloud.
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As we noted in our Check & Fraud recap earlier this week, the ORBOIMPACT VIRTUAL CONFERENCE, our two-day online event — which covered Healthcare Payments on Thursday, October 29, and Banking & Payments on Friday, October 30 — was a huge success! Industry speakers coupled with OrboGraph experts focused on AI innovation and payment strategy helped drive strong attendance, while innovative polling encouraged attendee participation and interaction.
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The healthcare market anticipated some turbulent times, speculating about what uncertain future was in store while the Coronavirus was “spinning up.” For example, John Talaga, executive vice president and general manager, healthcare at Flywire, predicted that at least some of Flywire’s healthcare clients might face a 30 percent revenue shortfall this year. In a story at pymts.com, Mr Talaga was happy to admit he was a bit too pessimistic.
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We’re pleased to announce that our ORBOIMPACT VIRTUAL CONFERENCE, a two-day online event which covered Healthcare Payments on Thursday, October 29, and Banking & Payments on Friday, October 30, was a huge success! Industry speakers coupled with OrboGraph experts focused on AI innovation and payment strategy helped drive strong attendance, while innovative polling encouraged attendee…
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Artificial Intelligence has made waves in a stunning variety of businesses, and Healthcare Revenue Cycle Management is certainly no exception. Over the past year, we have covered many different angles in our Modernizing RCM with AI and our OrboNation Healthcare Blog, including:
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Even as we see our industry create and adopt newer and better, more precise tools for improving check processing and preventing fraud (we proclaimed 2019, remember, the Year of AI and Modernization), it’s important to be aware of how to most effectively integrate new technology the current ecosystem in a manner that maximizes return on investment.
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More than ever before, the healthcare industry is forced to maintain spartan budgets — even as an unprecedented pandemic puts stress on all aspects of the industry. In a HIMSS20 digital presentation, Mark Morsch, vice president of technology at Optum360, cited data indicating a huge hole in efficiency — as much as $200 billion in administrative waste due to inefficient revenue cycle practices.
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It’s a safe bet to say that making a … safe bet during an unprecedented pandemic is not the easiest thing in the world. All the same, Becker’s Health IT got 20 healthcare executives and leaders to commit to posterity one health IT industry prediction for the next five years, and the answers are interesting,…
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