Do you remember when we used to think of artificial intelligence as a far-off, sci-fi dream? Well, pinch yourself, because the future is now! AI is not only real, it’s making waves across various industries. And it’s not just the…
The healthcare industry is an intricate web of information exchanges, with Electronic Remittance Advice (ERA), or 835 Healthcare Data, playing a pivotal role. This electronic document provides comprehensive details about claims and payments, and navigating its complexities can be daunting.…
As healthcare providers know all too well, revenue cycle management (RCM) can be a complex and often frustrating process. With so many moving parts involved, ensuring that every step of the process is completed accurately and efficiently can be challenging.…
Healthcare revenue cycle management is a complex process that involves managing patient billing, insurance claims, and payments. The large amount of data generated by these processes can be overwhelming, but with the help of machine learning models, it can be…
Machine learning is a rapidly growing field that has already transformed numerous industries, and healthcare is no exception. In recent years, machine learning has been leveraged to help healthcare organizations streamline their revenue cycle management, unlock new insights from their…
It’s time for us to go out on a limb and provide our 2023 Revenue Cycle Predictions. Punchline: 2023 will be the year that AI and automation have a material impact on healthcare revenue cycle management. RCM Prediction #1: There…
Machine Learning in Revenue Cycle Management is a hot topic because of its potential to improve accuracy and transparency in billing processes. But what are a few practical uses cases beyond the hype? Here are five practical use cases for…
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: Fathom, the automated medical coding company raises $46m Why it matters Coding is one of the more complex tasks in Revenue Cycle Management (RCM). It also requires that coders are certified, which limits the supply of Coders. The…
Revenue cycle management (RCM) is how healthcare organizations manage patient care and financial data to optimize reimbursement and reduce the cost of care delivery. The revenue cycle begins when a patient is seen by a provider and ends when the…