Healthcare Industry
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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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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Having already announced our client and partner virtual technology conference in late September, OrboGraph has completed it’s speaker line-up for the ORBOIMPACT conference for the afternoons of October 29th and 30th (see agenda here). Day 1 (Thursday, Oct. 29): Healthcare Payments Sessions Day #1 is highlighted by Keynote speaker Mr. Michael Manna at 12:15 PM ET. During the…
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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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In a little over a month, OrboGraph will host the ORBOIMPACT Virtual Conference: AI Innovation for Check Payments, Check Fraud, and Healthcare Remittance Automation.
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Revenue Cycle of the Future…something we have heard on several occasions. But what does it actually look like? In a recent article, HealthLeaders highlights a roundtable discussion sponsored by our friends at Waystar, bringing together a group of leaders in revenue cycle management to gather their thoughts on what they believe is important for the revenue cycle of the future.
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Alpha Health recently released results of a national survey designed to examine and assess the impact of COVID-19 on revenue cycle operations at health systems and hospitals across the U.S. The survey was fielded between May 19, 2020 and June 22, 2020 among 587 chief financial officers and revenue cycle leaders at hospitals and health systems across the United States. The survey has a confidence level of 95 percent with a margin of error of plus or minus 5 percent.
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A common misconception, especially in revenue cycle management (RCM), is that automating processes by integrating technologies like Artificial Intelligence and Machine Learning technologies will replace employees and eliminate jobs. This perception can be traced all the way back to when machines replaced labor in many manufacturing jobs like the automotive industry and is continually being fueled by the media with the story lines such as AI-powered trucks will replace truck drivers.
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Technology just keeps getting better and better, right? Not always. A recent survey of health IT leaders reveals that they are most often unhappy with their electronic health record (EHR) packages. Healthcare IT Today reports on a survey 108 healthcare leaders about their use of analytics platforms. It starts out with some fairly positive data:
90% of these organizations reported using the analytics in their EHRs.
The New Yorker Magazine takes a close look (via Clifford Marks, an emergency-medicine resident at the Icahn School of Medicine at Mount Sinai) at how primary care practices and physicians are taking it on the chin due to the effects of the Coronavirus pandemic.
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