Artificial Intelligence (AI) is a boon to the healthcare industry. It has gained significant traction in recent times from optimizing healthcare operations to providing superior diagnosis and treatment. Today we will look at some exciting examples. 1. Cleveland Clinic, Ohio (uses AI to personalize healthcare plans) The Cleveland Clinic teamed up with Read more…
The healthcare industry must emphasize the importance of minimizing the often unnecessary cost burden associated with reworking of claims due to denials. This can be accomplished by identifying possible claim denials and correcting them before submission. The key to improving this aspect of the revenue cycle is real-time data. More Read more…
OCR has enhanced the way people read and do business for years. The use of OCR in the healthcare industry now enhances the divide between digital and manual processes. The addition of deep learning techniques to OCR solutions further develops robust solutions for the healthcare industry.
Payers denying healthcare insurance claims is something we all are very familiar with. Whether the claims are denied for missing information, incorrect medical coding, or anything in between, 9% of claims are initially denied, on average. The national pandemic has caused its fair share of additional denials. New Jersey Hospital Read more…
COVID-19 has prompted health care executives to analyze their spending more carefully to ensure a healthy profitability. 78% of executives plan to transform current manual processes to more digital and automated processes, allowing for the strategic use of human capital elsewhere. The automation of current manual workflows within the revenue Read more…
MIT Principal Research Scientist, George Westerman, states “digital transformation marks a radical rethinking of how an organization uses technology, people, and processes to fundamentally change business performance.” During a presentation for HIMSS20 Digital, Cheryl Rodenfels, CTO of Americas Healthcare at Nutanix, explained the main drivers for digital transformation in healthcare. Read more…