Remember – just three short but world-changing months ago – when many of us were at the annual J.P. Morgan Healthcare Conference. The date was January 13th, 2020. Coronavirus was a problem in China, of vague interest – perhaps like SARS, unlikely to have a big impact in the U.S. Our community of healthcare executives, investors, and entrepreneurs were once again gathering in San Francisco. And the adoption of digital health? Well, there was still more talk than action.
The arguments for
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Robotic Process Automation
Olive Lands $51M to Power AI-Powered Digital Employee Platform
What You Should Know:
- Olive, a company automates healthcare’s most robotic processes raises $51M in funding led by General Catalyst.
- Olive automates healthcare’s most costly, high-volume tasks using the building blocks of artificial intelligence: robotic process automation, computer vision, and machine learning.
- Working alongside healthcare employees, Olive is trained to think cognitively and make complex decisions faster, and more accurately than human employees
Olive,
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Waystar Launches AI/RPA Platform to Automate Revenue Cycle Processes
- Waystar Launches Hubble, an artificial intelligence and automation platform, Hubble that automates revenue cycle processes to help providers collect payment faster and more effectively.
- The platform uses AI to help providers fix outdated and inefficient billing processes -- helping hospitals that are struggling financially, as well as helping patients avoid issues like surprise medical bills, by improving accuracy and price transparency.
Waystar, a Chicago, IL-based provider of
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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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Cerner Integrates Change Healthcare Solutions to Automate Acute Case Management
- Cerner integrates Change Healthcare InterQual Connect medical review and InterQual AutoReview into its EHR and acute case management solution. - Case management innovation supports medical review automation to lessen the administrative burden and increase focus on patient care.Change Healthcare today announced that Cerner Corporation, a global healthcare technology company, has integrated Change Healthcare’s InterQual Connect Medical Review Service and InterQual AutoReview into its Acute Case
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CommonSpirit to Deploy Notable’s AI Platform to Personalize Medical Intake Experience
- CommonSpiritHealth partners with Notable Health to personalize and automate the medical intake process for patients and providers to improve care quality and outcomes. - Notable's intelligent platform frees time for physicians and staff to spend with patients and shortens their workdays to help prevent burnout and increase satisfaction. - During appointments, CommonSpirit Health physicians will utilize the Apple Watch wearable technology with which they can dictate a summary of the
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Waystar Acquires AI-Powered Revenue Cycle Platform Recondo Technology
- Waystar acquires Recondo Technology, a provider of revenue cycle automated solutions powered by robotic process automated (RPA). - Recondo brings additional artificial intelligence and machine-learning technologies to Waystar’s broad portfolio of solutions.- With new capabilities, improved data efficacy and a larger team, Waystar can help healthcare organizations consolidate vendors and capture more revenue.Waystar, a provider of revenue cycle technology, today announced the acquisition of
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How Intelligent Automation Can Address 3 Revenue Cycle Challenges
Artificial intelligence (AI) has received a lot of buzz and been positioned as the central healthcare technology needed to solve many financial challenges and digitally transform internal operations. However, if you’re looking for practical solutions that can address variable activities and complete work with a high level of quality, today, healthcare organizations should look to intelligent automation.
Here’s why: True AI attempts to mimic human cognition. As such, AI remains
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3 Myths About Robotic Process Automation in Healthcare, Debunked
Patients’ wellbeing should be the central focus of healthcare. Unfortunately, this isn’t always the case. Studies show that doctors spend almost half their time on data entry and more than half of their workdays managing records instead of caring for patients. Add this lost time to the fact that healthcare in the United States is already understaffed – averaging 2.5 healthcare practitioners to every 1,000 patients – and it’s easy to see that something’s got to give to bring
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Providers Struggle to Integrate Revenue Cycle Operations with Clinical Operations
- Navigant executive survey conducted by HFMA finds providers struggle to integrate revenue cycle operations with clinical operations. - Survey of 108 hospital and health system chief financial officers and revenue cycle executives find 62% suggest EHR adoption challenges have been equal to or outweighed benefits specific to their organization’s revenue cycle performance.- More than 60% of providers struggle to derive optimal value from their electronic health records (EHRs).Only 3% percent of
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