Modernizing RCM with AI

Healthcare RCM market project to grow to an estimated $44.3B by the end of 2020 Technological advancements and innovations in RCM mitigate delays in RCM during COVID-19 pandemic COVID-19 pandemic accelerates need for automation Amidst the COVID-19 pandemic, revenue cycle management and back-end operations for healthcare organizations and RCM servicers have experienced major delays and,…

The challenges facing healthcare organizations face Starting with smaller projects still yield big results Identifying Areas in RCM for AI Implementation  It is no secret that Artificial Intelligence has immense potential to drastically change and improve healthcare. What many healthcare organizations and their vendors are struggling with is not their vision of AI in healthcare,…

Unstructured healthcare data remain an important source of insights to support clinical and operational excellence Machine Learning gives healthcare workers “superpowers” to process paper documents and data at super human levels Insights from AWS at HIMSS20 Digital Conference According to Health IT News: Unstructured healthcare data, within clinical documents and summaries, continues to remain an…

Unique set of challenges facing RCM during the Covid-19 Pandemic Establishing a Business Continuity Plan is essential for RCM Lessons being learned from current pandemic Nearly three months ago, businesses across the country were forced to close down their offices to help slow the spread of the novel coronavirus and protect their number one asset…

Intelligent automation can save over 1,000 hours by taking over repetitive workflows 4 key strategies that healthcare administrators must consider Strategically leveraging technologies to automate revenue cycle management It is no secret that businesses across the globe are tasked with improving the efficiency in processes to lower costs and maximize revenue potential. This is further…

The novel coronavirus is having a devastating impact on the healthcare industry Denial write-offs are a new pain point; again Shrewd tech deployment is key to overcoming denials The novel coronavirus has drastically affected the healthcare industry. Hospitals across the country are forced to make the tough decision to furlough many of their employees; rural…

COVID-19 has forced many hospitals and health systems to stop the elective procedures that make up the lion’s share of their revenue. This of course, has led to wide-spread short-term cash flow issues.

As their leadership seeks new ways to navigate cash flow challenges brought on by the pandemic, innovative organizations have stepped forward to offer new takes on traditional financial solutions. Collateral Velocity is a pioneering example, launching new, low-cost alternatives that give cash-strapped providers low-cost options in accelerating revenues.

As healthcare organizations are learning how to best deploy AI solutions, many have struggled to mature, particularly around using AI scores in analytics. Why? Complexity of projects! Yet, the market is hungry for solutions.