What You Should Know:
- Nym, a leader in autonomous medical coding, today announced a $47 million growth investment led by PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies.
- The new funding includes participation from existing investors Google Ventures, Addition, and Dynamic Loop Capital.Additional terms of the transaction were not disclosed.
Nym: Revolutionizing Healthcare with Autonomous Medical Coding
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Health IT | News, Analysis, Insights - HIT Consultant
FOMO Drives AI Investment in Healthcare, Despite Trust Concerns
What You Should Know:
- A new study by intelligent automation company ABBYY reveals that fear of missing out (FOMO) is a major factor driving AI investment in healthcare.
- The study reveals that 57% of global healthcare providers expressed concern that their organizations will fall behind if they don't embrace AI.
Efficiency and Patient Service as Key Drivers
While FOMO plays a role, over half (52%) of healthcare leaders also cite increased efficiency and improved
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How to Continuously Shield The Healthcare Ecosystem from Ongoing Cyberattacks
In today’s growing cyber-attack landscape, hospital systems have quickly become the prime target of cyber threats as they collect sensitive patient data, including social security numbers, insurance information, and health records—making such an attack particularly appealing to bad actors.
The impact of these attacks on healthcare organizations has resulted in disrupted operations, delayed patient care, compromised patient confidentiality, and significant financial losses. The impact of
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On-Demand Cancer Care: Reimagine Care & Moffitt’s Patient-Centric Collaboration
What You Should Know:
- Reimagine Care, the nation’s leading provider of on-demand cancer care, and Moffitt Cancer Center, the only National Cancer Institute-designated Comprehensive Cancer Center based in Florida and host of the CancerX initiative, announce today a strategic partnership to transform cancer care delivery.
- The collaboration addresses the increasing need for flexibility in care, allowing patients to receive their treatments without the limitations of traditional
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The Importance of Patient/Provider Matching in Combating the Youth Mental Health Crisis
With rising rates of loneliness, isolation and an alarming increase in suicide, the mental health crisis faced by youth in the United States requires urgent attention and innovative solutions. This has become a priority across many parts of healthcare, as recent research from the U.S. Surgeon General focuses on both the short- and long-term effects of these challenges and further highlights the need for effective mental health care for children and teens. One key factor in addressing this crisis
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Avo Launches EHR-Integrated AI Consult Tool
What You Should Know:
- Avo, a provider of healthcare AI solutions, announces the launch of Ask Avo, a first-of-its-kind, customizable AI consult tool that seamlessly integrates into Electronic Health Records (EHR) systems.
- Ask Avo harnesses patient data, institutional protocols, and updated medical guidelines to deliver trustworthy and relevant responses to complex clinical questions.
Empowering Clinicians with Actionable AI
Ask Avo functions as a "digital front door"
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Claim Denials Surge as Healthcare Providers Struggle with Tech Adoption
What You Should Know:
- A new Experian Health study reveals a concerning trend in the healthcare industry: claim denials are on the rise, and healthcare providers are increasingly hesitant to embrace technology solutions that could alleviate this burden.
- The Experian Health 2024 State of Claims survey paints a stark picture of the challenges providers face in managing their revenue cycles.
The Growing Claim Denial Crisis
Compared to a similar study conducted in 2022,
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Epic Challenges Particle Health Over Data Privacy Dispute
What You Should Know:
- Epic Systems, a leading electronic health records (EHR) provider, has initiated a dispute against Particle Health through the Carequality interoperability network, raising concerns about the potential misuse of patient medical records.
- The dispute, filed at the direction of Epic's customer governing council, alleges that some Particle customers used the network to take people’s medical records under false pretenses.
Alleged Misuse of Data
One
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Finding Success Amid Complexity: 3 Payer Strategies for Better Risk Adjustment Results
Risk adjustment requires constant attention to ensure accurate coding, timely regulatory compliance, and streamlined communications across the payer-provider continuum. Increasingly rigorous oversight from the Centers for Medicare & Medicaid Services (CMS) and Office of the Inspector General (OIG) are calling for better diligence, planning and administrative oversight for effective risk adjustment.
The January 2023 rule from CMS, which struck the fee-for-service adjuster from risk
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Cloud Development Environments: A New Frontline in Healthcare Cybersecurity
It’s no surprise that one of healthcare leaders’ biggest fears is having customer data stolen, leaked or exposed. As large healthcare breaches hit record highs, hacks are affecting more individual records than ever – 136 million in 2023, more than double the previous year. This has triggered a wave of class action lawsuits, disruptions in billing cycles, and major service impacts at healthcare institutions.
Given this backdrop, healthcare organizations are doing everything they can to keep
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