As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020.
Robbie Hughes, Founder, and CEO, Lumeon
“Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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Revenue Cycle Startup Nym Lands $6M for Autonomous Medical Coding Solution
Nym, an Israeli-based autonomous medical coding technology provider announced that it has secured a $6 million seed funding, led by Bessemer Venture Partners. Founded in 2018 by Amihai Neiderman and Adam Rimon, Nym’s automatic medical language understanding technology streamlines the hospital revenue cycle.Traditional Cumbersome Medical Coding ProcessThere are over 250,000 medical coders in the United States today manually reviewing patient charts and assigning the applicable medical codes
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3 Things Patients Want From Their Healthcare Financial Experience
Joe Polaris, Senior Vice President of Product and Technology at R1 RCM,
In most healthcare organizations, basic automation is used to complete individual revenue cycle tasks. Seldom, however, is technology used to optimize entire revenue cycle management (RCM) processes and improve the patient financial experience.
The situation is dramatically different outside of healthcare in industries that have long competed for direct consumer dollars.
To book an airline flight, for example, consumers
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Change Healthcare, Health Fidelity Collaborate to Offer NLP-Driven Risk Adjustment Solution
Change Healthcare today announced that it is collaborating with Health Fidelity to offer a risk adjustment solution that embeds natural language processing (NLP) and machine learning technology into its risk adjustment coding offering to help Medicare Advantage, ACA commercial, and Medicaid payers increase claim accuracy and better address compliance obligations.How AI Can Transform Risk AdjustmentIn today’s value-based environment, health plans are under mounting pressure to submit
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R1 Expands Physician Practice Footprint with CarePoint Health and Holston Medical Group
Hatred of billing and payment processes is a time-honored tradition in healthcare. Two of the biggest reasons it’s so frustrating as a patient are the lack of transparency and digital elements that we expect out of any typical consumer experience. R1, a provider of technology-enabled revenue cycle management (RCM) services is working to change this, announcing today its continued expansion into the physician practice market with the addition of CarePoint Health, one of the largest privately-held
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Ciox Launches Learning Platform to Train/Assess Medical Coders
Health technology company Ciox, today launches a platform designed to train and assess medical coders, equipping coders with vital education and development opportunities in an academic setting or on the job. Named Ciox HealthSource Gym, it’s a SaaS platform that provides an engaging learning environment of data-rich training and practice scenarios to optimize coding performance.The module sits on top of Ciox’s HealthSource, a clinical data platform that uses the latest interoperability and
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Western Maryland Health Taps Artifact Health to Streamline Physician Query Process
Western Maryland Health System has selected Artifact Health, a mobile platform that streamlines the physician query process to make it fast and easy for physicians to answer queries that improve the quality of patient records, ensure full reimbursement for services, and increase collaboration between clinical documentation improvement (CDI) and coding staff.With the implementation of Artifact Health’s mobile query platform, WMHS physicians can respond to a query compliantly in under a minute
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TruCode and CPSI Integrate to Improve Workflow and Coding Accuracy
Medical coding software provider TruCode has announced a partnership with CPSI, a provider of healthcare solutions for community hospitals and post-acute care facilities nationwide. As part of the partnership, TruCode Encoder will integrate seamlessly with both the Evident and Healthland EHR offerings to streamline coder workflow, boost productivity, and improve coding accuracy.TruCode’s knowledge-based approach to coding is based on its renowned Intelligent Research Pane, which acts as a
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10 Ways to Make EMR Meaningful and Useful
Written by Rob Lamberts, MD providing his thoughts on 10 ways to make EMR meaningful and useful
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4 Lessons Learned from HIPAA 5010 That’ll Benefit Your ICD-10 Project
Written by Steve Sisko shares 4 lessons learned from HIPAA 5010 that will benefit your ICD-10 project
It’s a fact: ICD-10 has far more impact and involves far more change to people, processes and technology than HIPAA 5010. I’m of the opinion that much of the work expended and artifacts created during a HIPAA 5010 project - particularly test plans and test cases - will not lend direct value to an ICD-10 project. But I’m convinced that many organizations learned are a lot of 5010 lessons that
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