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Dave Walker, senior director of revenuecycle, Radiology Associates of North Texas, explains how his practice uses artificial intelligence for revenuecyclemanagement during the Radiology Business Management Association (RBMA) 2024 meeting.
The field of radiology, with its cutting-edge technologies and intricate procedures, offers a unique opportunity for revenuecyclemanagement (RCM) success. Yet navigating the RCM landscape in radiology presents twists, turns, and unexpected challenges.
These are just two of the sensitive issues facing healthcare executives who manage unique and complex infrastructures. When management consultants McKinsey & Company surveyed leaders of academic medical centers, they identified patient length of stay and revenuecyclemanagement as top performance priorities among the 20 areas surveyed.
Healthcare Administrative Partners (HAP) has added Mid Atlantic Radiology Consultants (MARC) in Langhorne, PA, to its roster of radiology revenuecyclemanagement clients. Under the terms of the agreement, HAP will perform all core revenuecycle services on behalf of Mid Atlantic Radiology Consultants.
Maverick Medical AI, NewVue.ai, and Radpair have announced a strategic partnership to optimize radiology workflows, reporting, and revenuecyclemanagement.
We recently launched ImagineOneTM, the most innovative and automated revenuecyclemanagement platform in the industry. ImagineOneTM comes packed with a rich set of AI capabilities. Our partnership with deepc further expands our commitment to bringing transformative technology to our clients and partners.”
Imagine will continue to invest in ImagineOne, a comprehensive revenuecyclemanagement (RCM) solution, and work to amplify the Exa PACS|RIS user experience within an all-in-one, future-ready system.
All over the show floor, other AI offerings were seen in population health, revenuecyclemanagement, nurse management, patient monitoring, health tracking, data analytics, patient wellness, and preventative applications -- as well as others I had never considered.
Key Roles in Overseeing Changes Successful implementation of new CPT codes involves collaboration across various roles and departments: Health Information Management (HIM): Leads coding accuracy and compliance efforts. RevenueCycleManagement (RCM): Oversees billing, reimbursement, and claims processes.
These transactions could involve dialysis clinics, nursing homes, hospice providers, primary care providers, hospitals, home health agencies, home- and community-based services providers, behavioral health providers, billing and collections services, revenuecyclemanagement services, support for value-based care, data/analytics services, and other (..)
RevenueCycleManagement: Address the impact of ICD-10 on revenuecyclemanagement, including billing and reimbursement processes. Regulatory Compliance: Emphasize the need to stay updated with regulatory changes and compliance requirements related to ICD-10.
He pointed out that while AI’s direct impact on patients may not always be evident, its role in behind-the-scenes processes like revenuecyclemanagement and supply chain logistics significantly enhances patient care. “AI Hill shared his insights as a practicing hospitalist.
Financial Management Cost Management – Managing the costs associated with the merger, including those related to system integration, data migration, and training, is essential. RevenueCycle Integration – Harmonizing billing and revenuecyclemanagement processes to ensure financial stability and efficiency.
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