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The expectation is AI will be widespread in revenue cycles within five years.
Improvement is all about the cash flow and getting it right the first time, says Ronnie Simpson.
The partnership is designed to help hospitals optimize their use of Epic to improve revenue cycle outcomes.
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Removing discrepancies in care documentation and coding increases per patient visit charge by 21%.
More than half of the respondents cited software and technology as one of their top three strategic priorities, a big leap from last year.
Facility fees create confusion and increase costs for consumers, such as greater out-of-pocket expenses and higher premiums, the report says.
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Here are some tips for your next optimization, starting with identifying KPIs to creating an ongoing optimization culture.
Experts share advice about running a successful healthcare revenue cycle.
Growth is being driven largely by the use of these solutions to reduce healthcare costs, decrease billing and coding errors and maintain compliance.
One-third discuss charge capture weekly, while 18 percent discuss it twice a month, 8 percent discuss it daily, and 2 percent don't discuss it at all.

