What You Should Know:
- The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report.
- The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile
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Artificial Intelligence in Healthcare | News, Analysis, Insights - HIT Consultant
Value-Based Administration Enables All VBC Network Stakeholders to Benefit
Despite holding the promise of delivering superior patient outcomes while lowering healthcare costs, many providers remain reluctant to embrace value-based care (VBC) reimbursement models. Progress toward VBC adoption hasn’t achieved its potential yet, hovering around 60% of all payment models from 2018 to 2021, with the remaining 40% comprised of traditional fee for service (FFS).
Though some providers simply are hesitant to abandon the FFS model that has served them well, others are leery
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Dionysus Accelerates Advancement in Maternal Health with Artificial Intelligence
What You Should Know:
Today, the National Institutes of Health (NIH) announced that Dionysus Digital Health, Inc. (Dionysus), a digital health company engaged in the development of precise medical insights using a proprietary digital and epigenetic analysis platform, was selected to move to the next phase of the Rapid Acceleration of Diagnostics Technology (RADx® Tech) for Maternal Health Challenge. The $8 million cash prize challenge will accelerate the development of technologies to
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Kahun Integrates AI Physician Chatbot with ChatGPT
What You Should Know:
- Kahun, an evidence-based clinical reasoning tool for physicians announced it is integrating its AI chatbot for physicians with ChatGPT, an open-source AI chatbot platform to build on the advanced Large Language Model’s (LLM) ability to engage in human-like conversation with patients.
- By integrating ChatGPT, Kahun builds on the language model’s text fluency to boost patient engagement pre-visit, cutting the time needed for the healthcare provider to conduct the
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5 AI-Driven Healthcare Trends and Solutions in 2023
Enterprise-level healthcare is a massive business sector with seemingly infinite moving parts. With patients’ lives at stake, liability is huge, leaving little room for error. Yet human error is common in healthcare, and minor mistakes can cost millions in legal fees and lawsuits, not to mention risks to patient health. Healthcare enterprises are quickly embracing artificial intelligence solutions to mitigate loss, streamline operations, improve efficiency, and enhance customer
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Exploring The Value of Metaverse Use Cases in Life Sciences
What once seemed like science fiction, interacting with people across the world has become the new normal. While we have become increasingly accustomed to video calls and instant communication in recent years, forays into virtual worlds and extended realities are still relatively novel.
In a post-Covid world, it seems strange to think that video conferences and calls were not the norm only three years ago. But the value created by virtual interactions during the last several years has
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Key Challenges and Solutions to Enhance the Post-Procedure Experience
What You Should Know:
- Abbott today released the latest installment in the company’s multi-year Beyond Intervention series of global healthcare market research designed to uncover challenges that arise within the patient journey of people living with cardiovascular disease and to identify opportunities for patient care improvement.
- The latest report stems from a survey of more than 2,000 patients, physicians and healthcare leaders, and reveals
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Survey Reveals Accelerating Use of AI to Overcome Workforce Challenges
What You Should Know:
- Given the severity of labor shortages and staffing constraints facing health systems nationwide, C-suite executives are turning to artificial intelligence (AI) to fill gaps and improve productivity, according to a recent survey conducted by The Health Management Academy (The Academy) with support from Outbound AI.
- Almost half of executives (47.5%) report their health system is currently using AI solutions for the workforce, while all others
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Vital Secures $24.7M for AI-Driven Solutions for Hospitals, Health Systems
What You Should Know:
- Vital, an artificial intelligence (AI)-driven digital health company improving the patient experience, today announced that it has raised $24.7M in Series B funding to fuel expansion and support the rapid growth of its modern software. The investment round led by Transformation Capital, with support from Threshold Ventures, strategic health system investors and Vital CEO / Mint.com creator Aaron Patzer, brings Vital’s total funding to over
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Ribbon Health Enables Access to Provider Appointment Booking, Eliminating Barriers to Care
What You Should Know:
- Ribbon Health (Ribbon), a leader in healthcare provider data technology and management launches new platform features that will increase access to care through provider scheduling.
- Enabled by partnerships with leading booking marketplaces, these new platform capabilities empower patients to easily search for providers that both fit their needs and are accepting new patients, and book appointments with those providers for high-quality care across primary,
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