Financial/Revenue Cycle Management

Several new partnerships are deploying artificial intelligence to drive financial performance: filling underutilized OR schedules, pinpointing revenue leakage and improving medical coding accuracy.

Kirk Czonstka, SVP of strategic alliances for Garner Health, explains that the right data can improve how healthcare costs are controlled by giving insights into quality care at the lowest price.

The Oregon health system's coder workload has been reduced by nearly 28%, while coding-related denials for autonomously coded radiology cases are now 70% lower than those managed manually. The automated denial rate is also substantially lower.

Jeff Thomas, senior vice president and chief technology officer, tells how the move saved millions of dollars – and ended with spinning off its migration efforts into a new company, OptaFi.

The announcement comes less than a year after Dexcom announced a strategic partnership and $75 million investment in the health-tracking ring maker.

They see artificial intelligence as a core enabler of financial performance and patient-centric care, a new survey shows, and also expect it to become fundamental to how health systems think about care quality, patient outcomes and market competitiveness.

AdvancedMD's CEO, Amanda Sharp, explains why a culture of belonging inspires staff before sharing her advice for keeping providers' finances positive in the face of today's cost and reimbursement challenges.

Also: Ambience Healthcare's AI platform is now available in the Microsoft Azure Marketplace.

Michael Ramey, managing principal of Strategic & Transaction Solutions at PYA, explains how FTC's new premerger notification rules require organizations to share more data about their proposed transactions.

After the Change Healthcare breach, healthcare organizations are diversifying their buying strategies and asking about vendors' cybersecurity policies, says Karly Rowe, interim president of Inovalon's provider business unit.