There’s an old adage that every challenge is merely an opportunity in disguise. COVID-19 highlighted the healthcare industry’s ongoing challenge with producing clean, standardized data. As the industry looks to rebound from the severe financial impact of the pandemic, there’s a renewed urgency among hospitals and health networks to improve operational efficiency. The push toward greater operational efficiency – in a time of constrained budgets and resources – has accelerated
Read More
price transparency
Waystar Launches Price Transparency Solutions to Meet Consumer Demand
What You Should Know: - Waystar, a provider of healthcare payments software, today announced the addition of the Text Statements feature to its suite of payment tools. This new solution enables patients to easily view and pay medical bills directly from their smartphone, bringing transparency and convenience to the patient financial experience – a long-standing focus for Waystar. - Patients frequently don’t know what they’ll owe weeks, if not months after the point of care, If
Read More
A New System to Fit A New Economy: How Healthcare Can Recover From COVID-19
We are at a watershed moment. The COVID-19 pandemic has forced us to reevaluate our priorities both economically and with regard to public health. Living with a healthcare system that was created in response to an emergency measure during World War II, US consumers have struggled for more than a decade to control and understand the rising cost of healthcare. Unfortunately, employer-based health insurance and government-subsidized care continue to be the major drivers of cost and policy. As
Read More
30 Executives Share Top Healthcare Predictions & Trends to Watch in 2021
As we close out the year, we asked several healthcare executives to share their predictions and trends for 2021. Kimberly Powell, Vice President & General Manager, NVIDIA Healthcare Federated Learning: The clinical community will increase their use of federated learning approaches to build robust AI models across various institutions, geographies, patient demographics, and medical scanners. The sensitivity and selectivity of these models are outperforming AI models
Read More
Designing A Digital Experience to Drive Revenue and Patient Engagement
With the rise of healthcare consumerism, people are looking to hospitals, health systems, and physician practices to deliver the same user-friendly, digital experiences they receive from other industries. A recent survey found that more than 80% of consumers surveyed believe “shopping for healthcare should be as easy as shopping for other common services.” Specifically, they want streamlined access points online where they can shop for and purchase healthcare, easily make appointments,
Read More
8 in 10 Consumers Stated COVID-19 Made Telehealth “Indispensable” in Healthcare Delivery
What You Should Know: - 8 in 10 consumers said COVID-19 made telehealth “an indispensable part of the healthcare system, according to a new study commissioned by Change Healthcare. - 2020 Change Healthcare - Harris Poll Consumer
Experience Index reveals 65% said they plan to use telehealth more after the
pandemic, and 78% said COVID-19 has shown how badly the U.S. needs more
telehealth options. A majority of consumers agreed COVID-19 will
fundamentally change healthcare delivery
Read More
New AI Accurately Translates 93% of Prescription Information Imported into EHRs
What You Should Know: - Healthcare technology company DrFirst has announced the
release of its next generation, patented SmartSig AI technology to improve the
quality of patient medication history when it is imported into hospitals’ and
health systems’ electronic health records (EHRs). - Simple prescription instructions, called “sigs,” can
have hundreds of variations or be missing entirely from patients’ medication
histories when they are imported into hospitals’ EHRs. The missing
Read More
Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience
It’s no secret that COVID-19 and the
corresponding near-immediate economic catastrophe will be felt for
significantly longer than the few short months it took to wreak its initial
havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically),
hospitals and health systems tasked with treating the victims of this pandemic
bear a particularly harsh dose of the financial fallout -- $72 billion in CARES
Act hospital grants barely serving as a band-aid to the financial
Read More
Adobe, Change Healthcare and Microsoft Launch Consumer Healthcare Platform
What You Should Know: - Collaboration with Adobe and Microsoft creates a unique, scalable, and more secure consumer solution to address rising demand for more transparent and streamlined healthcare experience. - The Connected Consumer Health™ suite is delivered in a software-as-a-service model, with speedy deployment, no hardware to procure, and minimal IT resources required for customers to access and use the platform. Today Change Healthcare unveiled the
Connected Consumer Health
Read More
3 Ways to Build a Back-to-Basics Approach to Revenue Cycle Management
Sixty-nine percent of healthcare revenue cycle leaders say they will put more money toward technologies that boost revenue integrity, eliminate human error and unlock greater efficiency in the year ahead, an HFMA/Navigant analysis found. But for many organizations, the biggest untapped opportunity to improve performance comes down to a single word: data. For all the buzz at about the ways in which digital innovation and automation could transform revenue cycle management, healthcare
Read More
