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medical coding

RCM: How Coding Gray Areas Skew Healthcare Data

by Chris Gallagher CCS, CDIP, VP of Delivery at Penstock 06/25/2021 Leave a Comment

RCM: How Coding Gray Areas Skew Healthcare Data

Clinical reality, the ICD-10-CM classification system, and considerations of reimbursement are three distinct worlds that are sometimes in conflict. We don’t like it when financial considerations intrude on the purity of coding, but there’s no escaping this intrusion when coding serves as both the representation of the clinical picture in healthcare data and as the basis for reimbursement. Sepsis Definitions at Odds Sepsis provides a great illustration of a coding gray area that can
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Olive, ASUS Partner to Bring AI-Assisted Medical Coding to 775+ Hospitals

by Jasmine Pennic 05/27/2021 Leave a Comment

Olive, ASUS Partner to Bring AI-Assisted Medical Coding to 775+ Hospitals

What You Should Know: - Olive and ASUS announced their partnership to bring AI-assisted medical coding to over 775 U.S. hospitals. Olive will bring ASUS Miraico, the AI medical coding assistant, to healthcare providers via the Olive Helps platform. - The addition of Miraico to the Olive Helps system will allow the AI to analyze clinical terms in medical records
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

by Healthcare Growth Partners (HGP) 04/12/2021 Leave a Comment

Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity

The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response.  Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated.  Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.  By comparison, Q1 of 2020 saw $3.2 billion and 127 investments.  Health IT
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Omega Healthcare Acquires himagine Solutions to Expand Global Delivery Model

by Jasmine Pennic 03/29/2021 Leave a Comment

Omega Healthcare Acquires himagine Solutions to Expand Global Delivery Model

What You Should Know: - Omega Healthcare, a provider of outsourced revenue cycle management and other healthcare support services, today announced the acquisition of himagine Solutions, a St. Louis based provider of medical coding and registry services. The transaction expands the service capabilities and geographical footprint of both companies, enhancing the ability to service clients globally. - Through this acquisition Omega Healthcare will be
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Can AI Pave the Path to Reducing Physician Burnout?

by Abboud Chaballout, Founder of Diagnoss 02/11/2021 Leave a Comment

Can AI Pave the Path to Reducing Physician Burnout?

The timing couldn’t be more critical for us to start making serious headway to reduce the growing problem of burnout among America’s physicians. In 2018, physician burnout was already at an alarming 42%, but that number is growing as COVID-19 cases surge around the country.  While we are at a hopeful place in the virus’ trajectory with millions of vaccinations administered, the reality – even once we get through the pandemic – is quite grim for physicians and their
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Providence Combines 9 Investments & Acquisitions to Form Tegria

by Fred Pennic 10/12/2020 Leave a Comment

Providence Combines 9 Investments & Acquisitions to Form Tegria

What You Should Know: - Providence combines nine operating companies to form Tegria into a comprehensive suite of offerings for organizations across the health care sector -Tegria will focus on three key initiatives—healthcare consulting and technology services, revenue cycle management solutions and software technology and platforms. Providence, one of the nation's largest health systems announce the formation of Tegria, a new company designed to provide next-generation
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Innovaccer Unveils Risk Adjustment Solution For Improved Coding Accuracy

by Jasmine Pennic 10/08/2020 Leave a Comment

What You Should Know: - Innovaccer unveils new risk adjustment solution to help providers better segment their population to refine the risk scoring process and improve coding accuracy and efficiency, thereby improving performance on risk-based contracts. - The solution utilizes Artificial Intelligence (AI) and Natural Language Processing (NLP) to make risk predictions. Innovaccer, Inc., a leading healthcare technology company, has launched its Risk Adjustment Solution. Leveraging
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Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020

by Fred Pennic 12/31/2019 Leave a Comment

Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020

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

by Fred Pennic 06/13/2019 Leave a Comment

Revenue Cycle Startup Nym Lands $6M for Autonomous Coding Technology

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

by Joe Polaris, Senior VP of Product and Technology at R1 RCM 06/05/2019 Leave a Comment

3 Things Patients Want From Their Healthcare Financial Experience

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 simply open up an app or a website. At their convenience — any time of day
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