iAM-PT’s Post

Thursday Thoughts: Doing More with Less: Leveraging Technology to Alleviate the burden of Reduced Staff. Nearly every hospital across the country is dealing with the same pain. Many workers have left, and the cost to retain or hire new has increased to a paralyzing rate. The burden that remains for the existing staff is tremendous. Utilizing technology should act as an accelerator to your workflow, not a hindrance. The right technology will take minimal training and onboarding and require little ongoing maintenance. With patented fully customizable intuitive software, MedCom is an ideal partner in healthcare technology. For over 35 years we have worked alongside our clients, reducing denials, enhancing revenues, and sustaining results. We specialize in OR Charge Optimization and 835 Payment & Denial Trending Analytics in addition to a variety of CDM Management and Charge Capture Services. You care for patients. We capture charges. Visit our website for our full list of services: www.medcomsolutions.com and contact us today at: 412.481.7710 or [email protected] #chargemastermanagement #chargemastertechnology #healthcaretechnology #revenuecyclemanagement #healthcare #consulting #wecanhelp #contactustoday

Technology is revolutionising healthcare, offering remarkable benefits for everyone in the ecosystem. From improving patient care to streamlining operations, healthcare software systems are game-changers. 💡 Discover how your organisation can leverage these platforms: ✅ 𝐁𝐨𝐨𝐬𝐭 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐯𝐢𝐭𝐲: Digitize paperwork and streamline care delivery. ✅ 𝐄𝐧𝐡𝐚𝐧𝐜𝐞 𝐩𝐚𝐭𝐢𝐞𝐧𝐭 𝐨𝐮𝐭𝐜𝐨𝐦𝐞𝐬: Reduce errors, aid diagnosis with AI, and expand access to care. ✅ 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐞 𝐨𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬: Gain visibility into assets and improve efficiency. ✅ 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧 𝐜𝐚𝐬𝐡 𝐟𝐥𝐨𝐰: Automate billing and reduce payment delays. ✅ 𝐃𝐫𝐢𝐯𝐞 𝐩𝐚𝐭𝐢𝐞𝐧𝐭 𝐞𝐧𝐠𝐚𝐠𝐞𝐦𝐞𝐧𝐭: Empower patients with access to their health data. 🔗 Read our blog post to learn more: https://lnkd.in/eBxgTk9k #healthcareinnovation #healthtech #patientcare #digitaltransformation #healthcaresoftware

RCM Trends by the End of 2023: Navigating the Evolving Healthcare Landscape In 2023, the healthcare sector faces a pivotal shift in Revenue Cycle Management (RCM). As healthcare professionals, understanding these changes is crucial for enhancing patient care and financial outcomes. Key Points: 1. Revenue Protection: Amidst resource constraints, RCM leaders are focusing on safeguarding revenue while optimizing existing resources. 2. Outsourcing Trend: Many providers are turning to outsourced medical billing services to increase efficiency and revenue. 3. Value-Based Care: The transition to value-based care models are reshaping RCM, demanding solutions that align with cost reduction and improved patient outcomes. 4. Technological Advancements: AI and ML are revolutionizing RCM by automating tasks like coding and claims processing, enhancing accuracy and speed. 5. Cloud-Based RCM: Scalability, accessibility, and improved security make cloud-based RCM solutions increasingly popular. These trends indicate a dynamic period for RCM in healthcare. Staying informed and adaptable is key to navigating these changes successfully. Let's discuss how these trends impact your practice and share insights for a prosperous 2024 in healthcare! #medicalbilling #medicalcoding #knowledgeexchange #rcmservices #hipaacompliance #healthcareindustry #medicalcredentialing #revenuecyclemanagement #revenueoptimization #workflowautomation #riskmanagement #bestpractices

𝐇𝐨𝐰 𝐚𝐫𝐞 𝐡𝐨𝐬𝐩𝐢𝐭𝐚𝐥𝐬 𝐚𝐧𝐝 𝐡𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐫𝐬 𝐥𝐞𝐯𝐞𝐫𝐚𝐠𝐢𝐧𝐠 𝐀𝐈 𝐭𝐨 𝐚𝐥𝐥𝐞𝐯𝐢𝐚𝐭𝐞 𝐭𝐡𝐞𝐢𝐫 𝐬𝐭𝐚𝐟𝐟? Well - one major way is by combining process automation & document automation to completely take over the task of 𝐝𝐚𝐭𝐚 𝐞𝐧𝐭𝐫𝐲 from documents into EMR systems. For a long time, the technology world has stood far away from trying to make sense of documents in the healthcare industry because of the 𝐥𝐚𝐜𝐤 𝐨𝐟 𝐬𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐢𝐳𝐚𝐭𝐢𝐨𝐧 in some of these forms. This is especially true for prescriptions, patient referrals, lab reports and other documents that providers deal with consistently. However, AI is making a big impact here and catapulting in adoption as providers are recognizing how they can alleviate their 𝐩𝐚𝐭𝐢𝐞𝐧𝐭 𝐚𝐝𝐦𝐢𝐧𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧 & 𝐫𝐞𝐯𝐞𝐧𝐮𝐞 𝐜𝐲𝐜𝐥𝐞 departments from the burden of data entry with automation. #healthcare #genai #automation #healthcaretechnology

Navigating the Prior Auth Landscape in 2024: 3 Things to Know Before Implementing Automation | Healthcare IT Today - Healthcare IT Today #Navigating the Prior Auth Landscape in 2024: 3 Things to Know Before Implementing Automation #Introduction The blog post discusses the importance of understanding the prior authorization (prior auth) landscape in healthcare IT and provides three key points to consider before implementing automation. #1. The Complex Prior Auth Process The prior auth process involves multiple steps, including gathering patient information, submitting requests, and obtaining approval from payers. It is a complex and time-consuming process that can lead to delays in patient care. #2. The Benefits of Prior Auth Automation Implementing automation in the prior auth process can streamline workflows, reduce administrative burden, and improve patient satisfaction. It can also help healthcare organizations save time and resources. #3. Challenges ai.mediformatica.com #authorization #automation #priorauth #priorauthorization #healthcare #staff #priorauthorizationautomation #core #valer #workflow #productivity #delays #digitalhealth #healthit #healthtech #healthcaretechnology @MediFormatica (https://buff.ly/3vDZqAt)

We surveyed almost 350 healthcare organizations about their most significant challenges in credentialing. One big takeaway? Credentialing teams are ready and optimistic for the next wave of innovation but must adopt a new approach and system for tackling this work. Find out how to set your organization on the right track with our "2024 State of Payer Enrollment and Credentialing" report. https://lnkd.in/eCkFDcUS #credentialing #payerenrollment #automation #credentialingautomation #healthtech #ai

𝟓 𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐃𝐞𝐭𝐞𝐫𝐦𝐢𝐧𝐞 𝐢𝐟 𝐘𝐨𝐮𝐫 𝐄𝐌𝐑 (𝐄𝐥𝐞𝐜𝐭𝐫𝐨𝐧𝐢𝐜 𝐌𝐞𝐝𝐢𝐜𝐚𝐥 𝐑𝐞𝐜𝐨𝐫𝐝) 𝐒𝐲𝐬𝐭𝐞𝐦 𝐢𝐬 𝐎𝐛𝐬𝐨𝐥𝐞𝐭𝐞. Is your EMR system slowing you down? It might be time for an upgrade. From slow performance to missing essential features, an outdated EMR can hinder your workflow. 𝟏. 𝐖𝐡𝐚𝐭 𝐡𝐚𝐬 𝐚 𝐡𝐢𝐠𝐡𝐞𝐫 𝐫𝐚𝐭𝐢𝐨 — 𝐦𝐚𝐧𝐮𝐚𝐥 𝐢𝐧𝐭𝐞𝐫𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐨𝐫 𝐚𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧? If the answer is manual intervention, your EMR definitely needs an upgrade. Automated workflows with EMR boosts efficiency by 30-50%. 𝟐. 𝐀𝐫𝐞 𝐦𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐚𝐜𝐜𝐞𝐬𝐬 𝐜𝐨𝐧𝐭𝐫𝐨𝐥𝐬 𝐝𝐢𝐟𝐟𝐢𝐜𝐮𝐥𝐭? HIPAA requires that only authorised personnel have access to Protected Health Information (PHI). If managing this is difficult, it might be obsolete. 𝟑. 𝐃𝐨𝐞𝐬 𝐝𝐚𝐭𝐚 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐡𝐚𝐩𝐩𝐞𝐧 𝐰𝐢𝐭𝐡𝐨𝐮𝐭 𝐞𝐫𝐫𝐨𝐫𝐬? Interoperability is key to delivering good care. If your current EMR does not have reliable exchange of data, it is time to upgrade. 𝟒. 𝐈𝐬 𝐲𝐨𝐮𝐫 𝐄𝐌𝐑 𝐬𝐲𝐬𝐭𝐞𝐦 𝐛𝐞𝐢𝐧𝐠 𝐚𝐜𝐭𝐢𝐯𝐞𝐥𝐲 𝐦𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐞𝐝 𝐚𝐧𝐝 𝐢𝐦𝐩𝐫𝐨𝐯𝐞𝐝? Outdated systems are vulnerable to cyberattacks. If they are not compatible with new medical devices or software, it can hinder your ability to adopt the latest technologies. 𝟓. 𝐃𝐨𝐞𝐬 𝐲𝐨𝐮𝐫 𝐄𝐌𝐑 𝐬𝐲𝐬𝐭𝐞𝐦 𝐫𝐞𝐥𝐲 𝐨𝐧 𝐝𝐢𝐠𝐢𝐭𝐚𝐥 𝐭𝐨𝐨𝐥𝐬 𝐭𝐨 𝐨𝐩𝐞𝐫𝐚𝐭𝐞 𝐞𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐭𝐥𝐲? Advanced analytics capabilities are crucial for identifying trends, improving patient outcomes, and managing healthcare practice effectively. All you need is a healthcare app that's lightning-fast, packed with smart tools, and keeps your patient data super secure. It's time to say goodbye to old-school systems and hello to a future where technology boosts your practice. Let's explore how to navigate the transition to a new updated healthcare system. Visit 🔗 https://lnkd.in/g3PDKk5m #ElectronicMedicalRecord #EMRUpgrade #HealthcareTech #DigitalHealth #PracticeManagement #PatientCare #GeekyAnts

𝗔 𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨  𝐇𝐞𝐚𝐥𝐭𝐡𝐜𝐚𝐫𝐞 𝐂𝐥𝐚𝐢𝐦𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐅 @ https://lnkd.in/dzscFf9j The Healthcare Claims Management Market, valued at USD 13.52 billion in 2022, is projected to reach USD 21.39 billion by 2030, with an expected compound annual growth rate (CAGR) of 5.9% from 2023 to 2030. The healthcare claims management market is experiencing significant growth, driven by the increasing complexity of healthcare systems and the rising demand for efficient, cost-effective solutions to manage claims processing. Advancements in technology, such as artificial intelligence (AI) and machine learning, are enhancing the accuracy and speed of claims processing, reducing errors and fraud. Additionally, regulatory changes and the emphasis on value-based care models are compelling healthcare providers and payers to adopt sophisticated claims management solutions to streamline operations, improve patient outcomes, and ensure compliance. This market's expansion is further fueled by the growing need for data analytics to optimize reimbursement processes and the integration of electronic health records (EHRs) to facilitate seamless information exchange across the healthcare ecosystem. As a result, the healthcare claims management market is poised for continued growth, offering substantial opportunities for innovation and investment. 𝐓𝐡𝐞 𝐌𝐚𝐣𝐨𝐫 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 → Oracle,  → Allscripts Healthcare, LLC.,  → eClinicalWorks, → athenahealth., → GE HealthCare, → Cognizant Technology Solutions, → Optum, → Quest Diagnostics, → The SSI Group, LLC., → McKesson  → and other players. #HealthcareClaims #ClaimsManagement #HealthcareIT #HealthTech #MedicalBilling #HealthcareInnovation #HealthInsurance #RevenueCycleManagement #HealthcareFinance #DigitalHealth #HealthData #HealthcareMarket #HealthCareGrowth #HealthCareTrends #HealthCareSolutions

Over the years, I've watched the healthcare industry struggle with an ever-growing volume of data. However, what was once seen as a burden is now becoming the greatest asset in improving patient care and operational efficiency. In my years of experience in healthtech, I've seen firsthand how leveraging analytics can address some of the most pressing challenges in healthcare delivery. From streamlining patient data management to enhancing treatment effectiveness, the impact of data-driven solutions is profound. A common theme between healthcare professionals is the desire to spend less time on administrative tasks and more time with patients. This is where data analytics comes into play, and it's transforming healthcare in ways we could only imagine a decade ago. One of the most significant transformations I’m seeing is the shift from paper-based records to secure, digital systems. Electronic Medical Records (EMRs) not only improve data accessibility but also enhance security through encryption and robust access controls. Appointment management is another area where analytics is making a significant impact. Analyzing patient behavior and clinic workflows helps reduce wait times and no-shows, improving the experience for both patients and staff. Perhaps most exciting is the potential for analytics to improve patient outcomes. By leveraging data to track medication progress, monitor treatment effectiveness, and even predict potential health risks, we're entering an era of truly personalized medicine. Financial management in healthcare has long been a complex issue. With data-driven solutions, billing processes become much easier and more transparent. This benefits healthcare providers but also makes the system more navigable for patients. It's clear that the integration of data analytics in healthcare software will only deepen in the future. However, it’s important to remain mindful of the challenges — data privacy, seamless integration with existing workflows, and maintaining the crucial human element in healthcare. #flexmade #healthtech #healthcaretechnology #healthcareinnovations #healthcaresoftware

Did you know that 74% of the more than 450 CFOs and revenue cycle leaders surveyed at healthcare provider organizations across the U.S. are actively automating some portion of their revenue cycle operations? Furthermore, 46% of these same healthcare organizations report using some form of artificial intelligence. For those survey respondents who indicated that their organizations do not currently use automation in their revenue cycle operations, 80% reported it is a priority to do so by the end of 2025. What is your dental practice’s or DSO’s strategy for automating revenue cycle management (RCM) and implementing artificial intelligence? Source: AKASA/HFMA #healthcare #revenuecyclemanagement #artificialintelligence #automation