Provider burnout has shown no signs of slowing down in the past couple of years - a fact proven by a recent report found that 45% of physicians have been experiencing burnout over the past two years. As providers and healthcare organizations continue to face burnout, staffing shortages and financial pressures, they must find a way to reduce administrative burdens while allowing for more time spent on patient care with an ultimate end goal of reducing burnout.
We recently spoke with
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Revenue Cycle| Healthcare Finance | Policy, News, Analysis, Insights - HIT Consultant
How Service Line Alignment Can Improve Cost Savings for Health Systems
Healthcare leaders continue to face new and complex challenges in a constantly evolving landscape, including staffing and capacity constraints, product shortages, and rising costs. These shifting demands change the expectations put on hospitals when it comes to both patient care and financial performance. As we’ve observed, this uncertainty was further amplified by the COVID-19 pandemic, which shined a light on many opportunities for improved financial and clinical operations across the
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EMPI/MPI: An End-to-End Approach to Patient Data Integrity
Maintaining patient data integrity is more complicated than ever; cybersecurity threats loom, patients are taking more ownership of their care (self-registration, for example) and health system merger activity is on the rise. It can make the quest for the ever-elusive 1% maximum duplicate rate seem, at times, unattainable.
But a secure, accurate, and duplicate-free MPI/EMPI can be achieved. It just requires a multi-pronged approach to protect data throughout its journey into a health system
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A Hybrid, Technology-Driven Approach to Overcome Coding and RCM Staff Shortages
Exacerbated by pandemic-induced burnout, resignations, and even terminations1, chronic coding and revenue cycle management (RCM) staffing shortages have healthcare organizations struggling to find ways to keep revenue flowing despite a lack of qualified professionals to handle critical processes. It is a situation that has been brewing for years, as too few qualified professionals are entering professions that are expanding more rapidly than ever before.
According to the American Hospital
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Sutter Health Signs 10-Year Contract with R1 RCM for End-to-End RCM
What You Should Know:
- Sutter Health, a not-for-profit integrated health system that provides high-quality care across Northern California has signed a 10-year agreement with R1 RCM to serve as their exclusive provider of enterprise revenue cycle management services.
- The parties believe that the partnership will help improve Sutter’s overall financial performance with an estimated $400M in cost savings over the next 10 years, helping Sutter achieve more sustainable labor costs and
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HPG Acquires HIT Consulting Services Provider HDS
What You Should Know:
- Healthcare Performance Group, Inc. (HPG) acquires Health Data Specialists, LLC (HDS), a healthcare IT consulting firm with expertise in Epic, Siemens, and Cerner platforms serving more than 300 hospitals and health systems.
- The HPG consulting team includes IT and informatics experts as well as nurses, pharmacists, lab technicians, radiology experts, certified revenue cycle professionals, medical executives, program managers and project managers. These backgrounds
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Olive Launches Autonomous Revenue Cycle (ARC) Suite
What You Should Know:
- Olive, the automation company creating the Internet of Healthcare, today launched its Autonomous Revenue Cycle (ARC), the company's flagship Revenue Cycle Management (RCM) suite of solutions.
- Olive's ARC is designed to handle tedious, time-consuming administrative tasks in the revenue cycle, allowing healthcare organizations to get paid quicker while reducing the risk of uncompensated care.
Automate the Revenue Cycle Management Process
Managing revenue
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HFMA: DeliverHealth Launches AI-Driven Autonomous Coding
What You Should Know:
- DeliverHealth, a provider of technology-enabled solutions for hospitals, health systems and group practices launches artificial intelligence (AI) driven autonomous coding for a simpler, more efficient way to accelerate revenue cycle optimization.
- The autonomous coding platform removes inherent complexities clinicians and care teams face while helping administration and operations obtain the realization of their EHR investments.
Combating the Impact of the
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LumaPay Launches for Patients to Pay Med Bills in An SMS Text
What You Should Know:
- Luma Health today announced the launch of LumaPay, a new service for healthcare systems that provides patients a better and more transparent financial journey.
- LumaPay™ lets patients pay bills from anywhere via text as the inaugural module of LumaFinancial, which provides better, simpler, and more transparent financial journeys
Offering Patients an Easy to Pay Their Bills
LumaPay enables healthcare organizations to offer patients an easy, text-first way to
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Nearly 60% of Hospitals and Health Systems Have More Than 100 Job Vacancies
What You Should Know:
- More than 57 percent of health systems and hospitals have more than 100 open roles to fill across their operations, according to new AKASA survey where more than 400 healthcare finance leaders identified vacancies across their healthcare organizations and the revenue cycle.
- The findings reveal how insufficient staffing is hampering daily operations and pushing a strained workforce to the limit.
Combating Vacancies with AI-Powered Automation
Additionally, one
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