Business Intelligence

Providers utilize business intelligence to monitor referral patterns and collaborate with clinicians who order their services. Such analytics tools have also been deployed in the specialty to improve productivity, track patient satisfaction and bolster quality.

Industry Watcher’s Digest
Buzzworthy developments of the past few days.
Rand releases bracing analysis of hospital prices; AHA repudiates approach, methodology
The Rand Corporation is reporting that, in 2022, employers and private insurers paid hospitals an average 254% more than what Medicare would have spent for the same services in the same facilities.
PaceMate names former Philips, BioTelemetry leader its new chief commercial officer
JR Finkelmeier has more than 20 years of experience in the healthcare and medical device industries.
Industry Watcher’s Digest
Buzzworthy developments of the past few days.
Almost 80% of knowledge workers bring their own GenAI to work
Around the world, 3 of 4 workers who routinely handle information are now using generative AI on the job. And almost half of them are new to the technology, having begun using it only over the past half-year.

hospitals accounts receivable unpaid claims

Denied claims increasingly saddle hospitals with cashflow lags

Over the past three years, the value of claims waiting longer than 90 days for payment from commercial payers has risen by 33%. Stalled Medicare Advantage claims have spiked by even more.

December 13, 2023

Credit forecast: Hospitals will recover only slowly from lingering ‘labor-demic’

In its annual outlook report released this week, Fitch Ratings says the coming calendar year will probably strike much of the sector as “another make or break” period.

December 7, 2023