Healthcare Payments
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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To the layman, much of the language in the AI space can be mystifying, particularly in deep learning. Take for example one of the core elements; the node. A deep learning node is “a computational unit that has one or more weighted input connections, a transfer function that combines the inputs in some way, and an output connection. Nodes are then organized into layers to comprise a network.”
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A new podcast at PYMNTS.com features a conversation with Jennifer Barker, Managing Director and Head of Wholesale Payments Product Delivery at JPMorgan Chase & Co., on the topic of business resiliency in this unprecedented pandemic environment.
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In an environment challenged by Coronavirus, the already significant problem of healthcare fraud is more harmful than ever. Blue Cross Blue Shield reports: The National Heath Care Anti-Fraud Association estimates conservatively that health care fraud costs the nation about $68 billion annually — about 3 percent of the nation’s $2.26 trillion in health care spending.…
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RevCycleIntelligence.com cites a Commonwealth Fund study that shows outpatient visits for more than 50,000 providers declined by nearly 60 percent in mid-March when COVID-19 began to take hold, and the volumes have remained low through mid-April. Stay-at-home orders, of course, had much to do with the sharp downturn. Similarly, hospital visits also saw a substantial…
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