Healthcare organizations are increasingly eager to leverage analytics technologies, including machine learning and artificial intelligence (AI), in new ways. One telling sign of this is that the global predictive analytics healthcare market, which was valued at $1.8 billion in 2017, is projected to reach more than $8.5 billion by 2025.
But as technology evolves, it’s clear that the types and use of analytics platforms that can drive change among health plans — as well as the breadth of
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Why HIPAA Training Doesn’t Work. And How To Fix It
HIPAA, for better or worse, is a part of every healthcare business. It does not matter if your company is a traditional clinic or a cutting-edge AI platform powered by PHI (protected health information). There are different approaches to comply with HIPAA, and organizations as varied as clinics and AI platforms typically employ these different approaches.
HIPAA is not new. In fact, it’s older than companies like Facebook and predates the first iPhone. But, the way that we do HIPAA training
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4 Areas Where Technology Can Help Healthcare Workforce Enhancement
Staffing and workforce management have long been one of the most difficult responsibilities borne by healthcare executives, specifically those with responsibility for revenue cycle operations.
When the COVID-19 pandemic began, workers in administrative roles (the entire revenue cycle teams) were sent home. We didn’t know that almost two years later many would still be working remotely and that it might be that way from now on.
A recent survey commissioned by AKASA and conducted by
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Why Hospitals Need to Prioritize Clinical Data Management in 2022
The past two years have been fraught with difficulties for the healthcare industry. Labor shortages have negatively impacted hospitals and health systems nationwide, intensifying the burden on healthcare workers already strained. In fact, the latest job report from the U.S. Bureau of Labor Statistics has shown healthcare employment down by nearly half a million since February 2020.
While a lack of sufficient staff has obvious implications on providing patient care, the labor
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What You Don’t Know About Your Patients Could Cost You
Healthcare spending is projected to exceed $6 trillion by 2028, largely driven by rising costs of care for an aging population and the growing number of Americans suffering from chronic physical conditions such as pulmonary disease, diabetes and hypertension.
To improve health outcomes while lowering cost of care, providers and payors increasingly are implementing value-based care (VBC) payment models. VBC contracts are structured to reward proactive and preventive healthcare, measurable
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With No End in Sight for COVID, Why Is Congress Not Acting on Telehealth?
Long gone are the days of physicians arriving at a patient’s bedside, medical bag, and stethoscope in tow. The idea of a house call is quaint, like something seen in an old movie. But during the COVID pandemic, this olden idea has received a high-tech upgrade in the form of telehealth. The Centers for Medicare and Medicaid services recently acted in the best interests of patients and health care providers by covering telehealth services through 2023. But unless Congress acts to expand coverage
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3 Ways Artificial Intelligence Can be Used to Improve Health Equity
When I graduated from medical school and took the Hippocratic Oath, I vowed to not just treat the illness on a patient’s medical history form but to treat the person behind the diagnosis. To do this well, clinicians need to understand the whole person and the context in which they live — their race, gender identity, native language, socioeconomic status, or zip code, among other things — to ensure equitable care. According to the CDC, health equity is reached when every person has the
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Top 5 Data Management Challenges Healthcare Organizations Face
In the United States, healthcare costs make up more than 17% of GDP.
The data that healthcare organizations generate, collect, and manage is massive, having an ever-growing impact on the industry. RBC Capital Markets, a global investment bank, estimates that approximately 30% of the world’s data volume is generated by the healthcare industry. By 2025, the compound annual growth rate of data for healthcare will reach 36%. That’s 6% faster than manufacturing, 10% faster than financial
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Why Value-Based Care Requires Value-Based Administration
Value-based care (VBC) is finally gaining steam among healthcare organizations as executives look to implement processes that boost patient outcomes and rein in elevated levels of spending. To that end, more than 90% of health system executives say they expect VBC contracts will continue to grow in the coming years.
Despite the widespread popularity of the concept of VBC, making it work is something of an “all-hands-on-deck” approach. VBC relies on the collaboration between many
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How Healthcare Consumerism is Driving Integration in 2022
Healthcare consumerism is not just a buzzword. It’s a movement changing the reality of how it is delivered. Retailers and other industries like banking and travel with strong consumer strategies understand how to appeal to consumers through convenience and simplicity, two characteristics that healthcare is trying to emulate.
A 2020 consumer experience study uncovered that the process of finding, accessing and paying for healthcare in the U.S. is so inconvenient that half of the consumers
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