In the News: Commercial healthcare costs are projected to increase 8% in 2025, due to inflationary pressure, prescription drug spending, and behavioral health utilization, according to a report from the PwC Health Research Institute. Hospitals continue to face operational challenges and escalating costs and will look to commercial health plan contracts to recoup rising operating expenses, according to the report. Learn more about the report in this Becker's Healthcare article: https://hubs.li/Q02HtMjJ0 #hospitalfinance #healthcarecosts #RCM #coverage #hospitalrevenuecycle #hospitalrevenue #hospitalmargins #beckershealthcare #revenuecyclemanagement #patientoutcomes
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The HFMA Washington-Alaska Chapter knocked it out of the park this week with its July Networking Event at the Seattle Mariners game! While the Ms didn't clinch the win, attendees scored big with fantastic networking and learning opportunities. Huge thanks to everyone who joined us for an evening of baseball, beverages, and brilliant healthcare conversations. As a proud sponsor, we were thrilled to support such a fun, well-organized event and connect with so many industry professionals. Events like these remind us why we love being part of the healthcare community! Special shout-outs to Marni Leonard, CPA of MultiCare Health System (who won the Julio Rodriguez jersey giveaway!) and Rebecca Fisher-Saad of EvergreenHealth for your enthusiasm and engagement! Want to see how Aspirion can help your hospital or healthcare system recover more revenue with AI-powered revenue cycle management? Reach out to us here: https://hubs.li/Q02J47rX0 #hfmaWaAk #revenuecyclemanagement #RCM #artificialintelligence #ai #revenuecycleoptimization #healthcarercm #denialsresolution #deniedmedicalclaims #denialsprevention #clinicaldenials #technicaldenials #denialsmanagement #complexrcm #complexclaims #motorvehicleaccident #workerscompensation #veteransaffairs #outofstatemedicaid #agedar #underpaymentrecovery
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What factors shape your hospital's decision to invest in AI? In this #quickbit, Edna Buffington-Price, VP Revenue Cycle at Community Health Systems, shares her strategic thinking on future AI initiatives. Is your health system on the brink of investing in AI, but doesn't know where to start? Watch our Healthcare Financial Management Association (HFMA) annual panel session to learn what healthcare leaders should consider when adopting AI: https://hubs.li/Q02HN2Zc0 #HFMAAnnual #artificialintelligence #ai #revenuecyclemanagement #rcm #RCMtechnology #healthcarercm #rcmplatform #complexclaims #automation #claimsreimbursement #claimsmanagement #healthcare #healthcarercm #hospitalfinance #denialsmanagement #denialsprevention #denialsresolution #complexrcm #ML #machinelearning #quickbits
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Hard work pays off, and we're proud to have received the 2024 Best in KLAS award for Denials Management. Want to know what sets us apart? Check out this week's #TuesdayTestimonial for an inside look at how we deliver exceptional results for our clients every single day. “Aspirion’s strategic ability is quite good. We dumped a large number of lower-dollar denial cases on the firm, and the firm was willing to take the cases on for us. Aspirion has the highest percentage of success compared to all of my other denials management vendors.”—Director, Aspirion Denials Management Services Client (Source: KLAS Research Client Commentary) Are you looking for a savvy RCM partner to successfully tackle your denied claims? See how we can help here: https://hubs.li/Q02HtMkH0 #tuesdaytestimonial #healthcarercm #denialsmanagement #deniedmedicalclaims #denialsresolution #denialsprevention #clinicaldenials #technicaldenials #revenuecyclemanagement #rcm #artificialintelligence #ai #automation #ML #machinelearning
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Pediatric hospital revenue cycle management leaders: This is for you! Join us for tomorrow's Level Up Revenue Cycle webinar: "Navigating the Unique Denials Landscape of Children's Hospitals," featuring experts from CHOC Children's and Children's Health. Our seasoned panel will cover: ✅ Pediatric hospital denials trends ✅ Effective management strategies ✅ RCM automations & advance technology opportunities for children's hospitals When: Wednesday, July 24th, 12:00–1:00 PM EST Learn more and register for the webinar here: https://hubs.li/Q02HtMd30 #RCMwebinar #childrenshospitals #pediatrichospitals #artificialintelligence #ai #denialsmanagmenteducation #healthcarercm #denialsmanagement #denialsprevention #denialsresolution #revenuecyclemanagement #complexclaims #claimsreimbursement #claimsmanagement #revenuecyclemanagement #healthcare #healthcarercm #complexrcm #rcm
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In the News: A record number of second-quarter disputes between hospitals and payers involved Medicare Advantage plans, and 30% of disputes failed to reach a timely agreement, meaning tens of thousands of patients were left without in-network coverage, according to a recent Becker's Healthcare article. Check it out here: https://hubs.li/Q02Gz2KY0 #hospitalfinance #medicareadvantage #patientoutcomes #RCM #coverage #hospitalrevenuecycle #hospitalrevenue #hospitalmargins #beckershealthcare #revenuecyclemanagement
Medicare Advantage increasingly the lynchpin in hospital-payer fights
beckershospitalreview.com
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In the News: Children's hospitals ≠ Adult hospitals with kid-sized beds. Yet operational metrics often treat them the same. To give a more tailored view, Children’s Hospital Association has created its Landscape Report, offering a high-level look at industry trends specific to children's hospitals. Read more about the report and access it here: https://hubs.li/Q02H59HS0 #childrenshospitals #childrenshospitalassociation #CHA #patientoutcomes #hospitalfinance #hospitalmetrics #healthcaremetrics #hospitalrevenuecycle #hospitalrevenue #hospitalmargins #rcm #revenuecyclemanagement
Track Industry Trends Using the Children’s Hospitals Landscape Report
childrenshospitals.org
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Sign up today for this month's Level Up RCM webinar featuring leaders from Children’s Hospital of Orange County (CHOC) and Children's Health. The session titled, "Navigating the Unique Denials Landscape of Children's Hospitals," will include topics related to pediatric hospital denials trends, denials management strategies, and emerging technologies utilized in pediatric hospital RCM settings. Date: Wednesday, July 24th Time: 12:00–1:00 PM EST Learn more and register for the webinar here: https://hubs.li/Q02H57nP0 #RCMwebinar #childrenshospitals #pediatrichospitals #artificialintelligence #ai #denialsmanagmenteducation #healthcarercm #denialsmanagement #denialsprevention #denialsresolution #revenuecyclemanagement #complexclaims #claimsreimbursement #claimsmanagement #revenuecyclemanagement #healthcare #healthcarercm #complexrcm #rcm
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AI in healthcare RCM: Build, buy, or partner? Choosing the right AI strategy can revolutionize your denials management and boost efficiency. But which option is best for your organization? Explore the pros and cons of each approach, impacts on your bottom line, and keys to successful implementation, here: https://hubs.li/Q02GXmSF0 #artificialintelligence #ai #RCMtechnology #healthcarercm #rcmplatform #aircm #revenuecyclemanagement #complexclaims #claimsreimbursement #claimsmanagement #revenuecyclemanagement #healthcare #healthcarercm #denialsmanagement #denialsprevention #denialsresolution #complexrcm #rcm #machinelearning #ml #automation #vendorpartner #communitypartner
Strategies for Hospitals to Implement AI: Build, Buy, or Partner
aspirion.com
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2024 Best in KLAS for Denials Management! We didn't get here by accident! Curious about our secret sauce? This #TuesdayTestimonial lifts the curtain on the work we do—day in and day out—for our clients. “One thing I appreciate about the firm is that I can go into the accounts, read the notes, and have a comfort level about what action the firm is taking on my accounts at any point in time. The firm's follow-up is timely and consistent. I have yet to find an account that I have assigned to the firm that hasn't been followed up on. I meet with the firm routinely, and they are like an extension of us. They are very accommodating, and they help us out on projects. I really enjoy working with them..”—Manager, Aspirion Denials Management Services Client (Source: KLAS Research Client Commentary) Are you looking for a seasoned RCM partner to tackle your most challenging denials? Learn how we can help here: https://hubs.li/Q02Gy_6v0 #tuesdaytestimonial #healthcarercm #denialsmanagement #complexrcm #complexclaims #motorvehicleaccident #workerscompensation #veteransaffairs #outofstatemedicaid #agedar #underpaymentrecovery #deniedmedicalclaims #denialsresolution #denialsprevention #clinicaldenials #technicaldenials #rcm #artificialintelligence #ai #automation #ML #machinelearning #RCM
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