Financial/Revenue Cycle Management
Anu Sharma, founder and CEO of the tech-enabled Millie, says that because 42% of all births in the U.S. are paid for by Medicaid, which has lower rates than other insurance, women's healthcare delivery operations are threatened.
Small providers struggle for survival, and security risks only exacerbate the challenge. But by sharing technologies and making use of resources like virtual CISOs, some hospitals are staying ahead of their biggest closure risks.
In part two of our new Emerging Technologies Series, Morgan Cheatham, partner and head of healthcare and life sciences at Breyer Capital, highlights the venture capital firm's rigorous evaluation of a technology's potential for maturation.
America spends nearly one-third of the federal budget on healthcare, but life expectancy has declined and chronic disease is on the rise.
While Dubai seeks to leverage AI to offer personalized, data-driven care and increase efficiency, the Dubai Health Authority's Neville Perry says any new proposed healthcare AI projects must be compliant and cost-effective.
Success Stories & ROI
Billing time at Mountain Laurel Medical Center dropped by 19%, going from 4.2 days down to 3.4 days. Collections increased by 20%. Analytics helped with tracking value-based contracts and optimizing workflows. And no one is working 80-hour weeks anymore.
Abhinav Shashank, Innovaccer cofounder and CEO, says his company can help providers and payers connect data into a single layer that can support population health initiatives, revenue cycle automation and other big projects.
CliniComp's electronic health record leverages intrinsic artificial intelligence to improve clinical workflows and increase speed to billing and collections, says Sandra Johnson, the company's SVP of client services.
Reimbursement rules vary across the EU, slowing widespread adoption of digital therapeutics, though early frameworks in Germany and France are good foundations for future harmonisation and scale, says Louisa Stüwe from the French Ministry of Health.
With prebuilt artificial intelligence tools and open APIs, health systems can use the cloud-agnostic tech to develop and deploy real-time analytics that could improve operational efficiencies and care delivery outcomes.