Last year, only 8% of healthcare executives said their RCM or billing departments were adequately staffed, and a stunning 48% said the employee shortage was “severe,” according to a survey cited in MedCityNews.
RCM teams are the engine that allows the machinery of healthcare organizations to run. Without effective billing and payment processes that deliver positive patient financial experiences, everything grinds to a halt.
These staffing woes can’t continue. The cascade of problems that
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Automation Fills Gaps Left by Revenue Cycle Talent Shortage
Healthcare providers are feeling the industry’s talent shortage in their administrative functions as well as clinical areas. One case in point: revenue cycle management. In a recent study, 63% of healthcare providers reported an inability to fill key revenue management roles. Reduced revenues and cash reserves are almost inevitable when providers don’t have sufficient staff to follow up on claims, manage appeals and help patients understand their financial responsibilities and
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Why AI Can Potentially Revolutionize Breast Cancer Detection
Breast cancer awareness is essential for early detection, which is critical for improving survival rates and reducing the burden of this disease. October is Breast Cancer Awareness Month, but education and awareness should not be limited to just one month of the year. A large portion of the global population will experience or be impacted by breast cancer; one in eight women will face a diagnosis in their lives, and this affects both them and their families.
Exciting advancements in the realm
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8 Ways AI Will Transform The Future of Healthcare
The accelerating advances in Artificial Intelligence (AI) have ignited a new era of innovation and potential across various industries. Healthcare is a sector that stands to gain tremendously from this revolution. Here are eight specific ways AI will transform the future of healthcare, making it more efficient, personalized, and proactive.
1. Improved Diagnosis and Disease Detection
One of the most critical applications of AI in healthcare is augmenting the process of diagnosing diseases.
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3 Ways for Government to Help Spur Biomedical Innovation
In response to the COVID-19 pandemic, the biomedical community took on the task of developing and deploying critical interventions to address an unprecedented public health emergency. In a remarkable display of collective effort, stakeholders from government and industry came together to produce safe and effective mRNA vaccines as well as therapeutics– a groundbreaking achievement reached in record time. As the biomedical community looks to the future, government agencies have a tremendous
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The Future of Biomarker-Based Therapy for Mental Disorder Care
We are living in a mental health epidemic. An estimated 26 percent of Americans ages 18 and older – about one in four adults – suffer from a diagnosable mental disorder in a given year. Among mental disorders, cases of PTSD are on the rise. Roughly five percent of American adults suffer from PTSD in any given year and more than 13 million Americans reported PTSD in 2020 – most of whom are women. Standard PTSD treatments most often come in the form of pharmacotherapy or psychotherapy and include
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Barriers Preventing State Medicaid Agencies from Harnessing the Potential of AI
State Medicaid agencies are responsible for health services that touch the lives of every American, making the potential benefits of modern technology tools, such as artificial intelligence (AI) and machine learning (ML), enormous. However, despite the promise of increased effectiveness with the same or fewer resources, modernization, and digital transformation do not come easily - or naturally - to many of these agencies. Real and perceived fears in transitioning away from legacy,
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AI-Massage Powered by Robotics: Redefining Healthcare and Wellness
In an era where technological breakthroughs reshape traditional industries, the convergence of Artificial Intelligence (AI) and robotics delivers extraordinary transformations in healthcare and wellness. The emergence of AI-driven robotic massage devices is not only revolutionizing the quintessential relaxation experience but also poised to redefine the fundamental dynamics of healthcare practices.
In 2022, the global market for artificial intelligence in healthcare was around $15.1
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Healthcare Organizations Must Focus On Business Value & Not Chase The Technology Pendulum
If you’ve been in the healthcare or technology spaces for any reasonable length of time, you’ve witnessed the tremendous growth spurred by investment as healthcare organizations pursue digital transformation. According to RockHealth, funding for U.S.-based digital health startups topped $29 billion in 2021 – adding to the $23 billion invested in 2019 and 2020 – and the number of new solutions in the market has never been higher.
Such strong investment drives technology adoption but also
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Mitigating Serious Fall Risks and Associated Costs and Injuries with AI-Driven Motion Sensor Technology
Functional balance is a critical health metric. One-quarter of seniors – about 36 million – will fall each year in the U.S. and more than 36,000 of them will die as a result. That translates into one fall every second of every day. The problem is growing, as fall-related deaths among seniors in the U.S. have more than doubled over the past 20 years, according to a research letter in JAMA Open.
It is also an expensive problem. According to a study in the Journal of the American Geriatric
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