The news: Akasa Survey Seeks to Understand ROI of RCM Automation The backstory Akasa (@akasahealth) released a survey of 40 health systems looking to understand how each measures the ROI on RCM automation. Health Systems surveyed all collected >$1b in…
The news: Vanderbilt Health leverages automation to alleviate RCM staffing pressures Why it matters Since implementing an RCM automation strategy in 2017, Vanderbilt Health has seen revenue increase from $3.3b in 2017 to $5.5b in 2022. While not all attributed…
The news: Adonis raises $5.6 million to automate Medical Billing Why it matters The funding of companies tackling the complex world of Revenue Cycle Management through automation and Ai continues. The backstory Two Brothers (@akashmagoon) decide to leave their successful…
The news: Oracle Cerner releases RevElate AI billing solution The backstory EHR vendor Oracle Cerner (@Cerner) announced this week that they’ve released RevElate, a “clinically-driven patient accounting system.” Why it matters The solution is designed to review an entire encounter…
The News: Advata announces Smart AR Why it matters Working Accounts Receivable (AR) is a significant part of the Revenue Cycle process. It’s always been labor-intensive and inefficient. Adding Ai to the AR RCM process will drive efficiency, increase effectiveness,…
The News: AGS Health launches AI Revenue Cycle platform Why it matters This is not the first, and certainly not the last BPO to leverage AI and automation to mitigate staffing challenges. The backstory Revenue Cycle and BPO organizations are…
The news: Gradient AI acquires Progno’s health analytics unit Why it matters Payers are becoming even smarter. Already armed with massive amounts of data, insurance companies are gaining the tools to increase their advantage using that data. Ai is a…