Revenue Cycle and Payer News – June 21, 2023
Latest news being reported on payers and the health insurance industry including news from Independence Blue Cross, Aetna, CVS Health, Humana, CareSource, MultiPlan, ECHO Health, AHIP and more.
Read MoreHealthcare Revenue Cycle and Finance
Five Reasons Drug Costs are So High
By Tom Dorsett – Drug costs are skyrocketing, but why? First we must understand the cause of high drug costs in order to properly address the problem. For more than twenty-five years, I’ve seen drug costs grow and dominate pharmacy budgets across the United States.
Preparing Hospitals for the Effects of Recession
By Devin Partida – The healthcare industry experienced a steep increase in IT roles during the COVID-19 pandemic, but an economic downturn may force it to scale back. Cybersecurity is critical for compliance reasons, so hospitals must prepare their teams for the effects of a recession.
Lessons from the Adoption of AI in Healthcare Finance
By Pamela J. Gallagher – The emergence of artificial intelligence is the topic on every healthcare leader’s mind. In many ways, though, AI is old news to those of us in healthcare finance. I can say from experience that once an AI technology comes onto the scene, there is no stopping it. AI is here to stay.
Provider Directories Speak Volumes
By David Burda – Accuracy is a pillar of healthcare consumerism. It’s the most important pillar. If we want patients and members to make informed decisions about their medical care and their health insurance, they need accurate information to make the right choices for them.
Revenue Cycle and Payer News – May 24, 2023
Latest news being reported on payers and the health insurance industry including news from CVS Health, IBX, UnitedHealthcare, Humana, CareSource, Cigna, AHIP, Superior HealthPlan and more.
Technology and Automation Improving Claim Recovery and Denial Management
By Jane Austen – Healthcare revenue cycles struggle with claim denials. Denial management investigates each denial, determines why it was denied, and determines how to fix the problem and reduce future denials. Sophisticated and robust automation, designed to meet providers’ needs and achieved through AI and ML, empowers organizations to…
Navigating Denials, Optimizing Revenue and Mitigating Staffing Shortages
By Deepali Narula – A three-pronged approach hospitals should follow to navigate denials, optimize revenue and mitigating staffing shortages Three out of four hospitals in the U.S. have experienced revenue cycle issues since the COVID-19 pandemic.
How Artificial Intelligence Solutions are Transforming Medical Insurance Claims Processing
By Dmitrii Evstiukhin – Medical insurance claims processes create mounds of documents that often get backlogged or denied, slowing business operations and reducing efficiency. Now AI solutions are dramatically accelerating medical claims processing while reducing errors and enhancing overall efficiency.