Autonomous inpatient coding. This may sound like a pipe dream for revenue cycle leaders, whose hopes were likely raised and crushed in the early aughts. But it's coming sooner than most think.
Why is true inpatient coding automation the "holy grail" – as Kerry Gillespie, a former CFO at Intermountain Health and now an executive consultant at Warbird Consulting Partners, said to me at a Healthcare Financial Management Association roundtable last year?
For decades, inpatient services have
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Generative AI
Verix Adds Gen AI Database Explorer to Commercial Pharma Optimization
What You Should Know:
- Verix, a leader in AI-powered commercial operations solutions for the pharmaceutical industry, has announced the launch of its revolutionary GenAI Database Explorer.
- The GenAI-powered tool empowers sales reps with the ability to explore complex commercial data using natural language processing (NLP), marking a significant step forward in data accessibility and insights generation.
Empowering Sales Teams with Natural Language Queries
Verix's flagship
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CentralReach Appoints David Stevens as First-Ever Head of Generative AI
What You Should Know:
- CentralReach, the leading provider of software for ABA and multi-disciplinary providers treating Autism and IDD, announced the appointment of David Stevens as its first-ever Head of GenerativeAI (GenAI).
- In this newly created role, Stevens will lead a team dedicated to designing, developing, and piloting GenAI features for CentralReach's software suite, cari. The company currently boasts over 20 GenAI solutions in various stages of development, with a focus
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Sutter Health Partners with Abridge to Reduce Clinician Burnout with GenAI-Powered Documentation
What You Should Know:
- Sutter Health, a leading California healthcare system, announced a major collaboration with Abridge, a company specializing in generative AI for clinical documentation.
- The strategic partnership aims to transform the way physicians document patient interactions, ultimately improving patient care and reducing physician burnout.
Abridge: Streamlining Documentation and Freeing Up Physician Time
Physicians nationwide spend a significant amount of time on
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Sagility Acquires BirchAI: Boosting Healthcare Engagement with Generative AI
What You Should Know:
- Sagility, a healthcare services provider acquires BirchAI, a Seattle-based company specializing in cloud-based, AI-powered customer support solutions. This strategic move strengthens Sagility's commitment to leveraging technology for a more efficient and impactful healthcare experience.
- The acquisition broadens Sagility’s analytics and automation-backed healthcare engagement services that it provides to large national payers, Blues plans, regional payers, health
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Abridge & NVIDIA Partner to Supercharge AI-powered Clinical Documentation
What You Should Know:
- Abridge, a leader in generative AI for healthcare documentation forms a strategic collaboration with NVIDIA to leverage NVIDIA's cutting-edge technology and expertise to significantly improve clinician workflows and patient care through AI-powered solutions.
- Abridge also secured an investment from NVentures, NVIDIA's venture capital arm, further solidifying their commitment to revolutionizing healthcare documentation
Unearthing a Sea of Lost
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Google Health Unveils Generative AI Progress at Check Up 2024
What You Should Know:
- Google Health recently hosted its annual event, The Check Up, showcasing significant progress in applying generative AI to revolutionize healthcare.
- These advancements aim to improve personalized care, radiology workflows, information accessibility, and ultimately, empower individuals to take charge of their health.
Advancements in Generative AI for Personalized Care, Radiology, and Information Access
Here's a breakdown of six key takeaways from Google
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NVIDIA Healthcare Launches Generative AI Microservices for Drug Discovery
What You Should Know:
NVIDIA today launched more than two dozen new microservices that allow healthcare enterprises worldwide to take advantage of the latest advances in generative AI from anywhere and on any cloud.The new suite of NVIDIA healthcare microservices includes optimized NVIDIA NIM AI models and workflows with industry-standard APIs, or application programming interfaces, to serve as building blocks for creating and deploying cloud-native applications. They offer advanced
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Hippocratic AI Secures $53M to Develop Safety-Focused GenAI for Healthcare
What You Should Know:
- Hippocratic AI, a company developing a safety-focused Large Language Model (LLM) for healthcare raises $53M in Series A funding, bringing their total funding to $120M. The round was co-led by Premji Invest and General Catalyst with participation from SV Angel and Memorial Hermann Health System as well as existing investors Andreessen Horowitz (a16z) Bio + Health, Cincinnati Children’s, WellSpan Health, and Universal Health Services (UHS).
- The company also launched
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AKASA Unveils Gen AI Assistant, Cuts Prior Authorization Time by 50%
What You Should Know:
- AKASA, a leader in generative AI (GenAI) solutions for the revenue cycle, today announced the launch of Authorization Advisor™.
- Authorization Advisor tackles the time-consuming and error-prone process of prior authorization, a major pain point for healthcare providers.
Prior Authorization Made Easy with AI
Prior authorization, a process requiring approval from insurers before delivering certain services, is a significant burden for healthcare providers. It
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