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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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Covera Health Secures Up to $50M to Revolutionize Radiology Nationwide
What You Should Know:
- Covera Health, an AI-enabled diagnostic technology company, has announced securing up to $50M in additional Series C funding. This substantial funding aims to support their mission of reshaping the role of radiology on a national scale.
- The company's platform employs advanced data analytics and AI to enhance the quality and efficiency of radiology services. Their innovative approach focuses on improving radiology outcomes while reducing costs and unnecessary
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First CPT Code for AI Prostate Cancer Imaging Issued for Avenda Health
What You Should Know:
- Avenda Health's AI mapping tool for prostate cancer, Unfold AI™, has received significant recognition by obtaining a new Category III CPT code in the 2024 Current Procedural Terminology (CPT) code set, signifying its status as a cutting-edge medical technology.
- The new Category III CPT code, X237T, outlines the tool's capabilities, describing it as a non-invasive prostate cancer estimation map that is derived from an augmented analysis of image-guided fusion
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Amidst AI Promise, Health Information Workforce Shortages Persist: AHIMA Survey Revels
What You Should Know:
- A new survey conducted by AHIMA reveals that 66% of health information (HI) professionals have experienced ongoing staffing shortages in their workplaces over the past two years. These shortages were notably prevalent in areas such as data quality, consumer health information, revenue cycle management, privacy, risk, and compliance, and data analytics.
- The report, “Health Information Workforce: Survey Results on Workforce Challenges and the Role of Emerging
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Emory Health Taps DrFirst to Leverage Clinical-Grade AI for Medication Adherence & Affordability
What You Should Know:
- Emory Healthcare, a comprehensive academic health system in Georgia, is collaborating with healthcare technology pioneer DrFirst to help patients access and adhere to affordable, appropriate prescription medications for their health conditions and ailments.
- As part of the collaboration, Emory Healthcare will leverage three medication management services offered within Fuzion by DrFirst, a software platform that uses clinical-grade artificial
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AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management
What You Should Know:
- AdaptX, a self-serve clinical management solution company raises $10M in funding led by Cercano Management and included participation from notable entities, such as Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital.
The company's focus is on using AI-driven technology to enable clinical leaders to make data-informed decisions and optimize patient care processes with a positive
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Annalise.ai Launches AI-Powered Worklist Triage for Chest X-Ray & Head CTs
What You Should Know:
- Annalise.ai, a global leader in the radiology imaging sector, announced the launch of Annalise Triage, an AI-powered worklist solution for chest X-rays and head CTs tailored specifically for the U.S. market.
- This innovative software will transform the radiology field by empowering radiologists to efficiently triage studies and prioritize those with suspected critical findings, ultimately streamlining their workflow, and supporting faster
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Olive Shutters Business After Sale to Waystar and Humata Health
What You Should Know:
- Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year.
- Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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Suki Expands Ambient AI at the Point of Care with 20+ New Practices
What You Should Know:
Suki, the leader in voice artificial intelligence (AI) technology for healthcare, today announces the expansion of its ambient clinical documentation solution to over 20 independent practices including Capital City Primary and Immediate Care, Silicon Valley Podiatry Group, Bay Area House Calls, Elite Foot and Ankle, Tinovus Health, and more.This news not only solidifies Suki as the leader in the space but showcases the growing demand for AI-powered tools that help
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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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