Forbes June 30, 2024
Healthcare executives gathered at the HFMA 2024 Annual Conference in Las Vegas from June 24-27 to address pressing challenges in healthcare revenue management. Like many other conferences this year, the theme underscored the industry’s maturity in AI and the urgent need for healthcare CIOs to harness AI tools swiftly. Here are the two takeaways from the conference.
Denial And Coding Automation
One of the most urgent issues that surfaced at the conference was the alarmingly high rate of denials healthcare providers are grappling with. These denials not only disrupt cash flow but also significantly increase administrative burdens. It’s imperative for healthcare organizations to take proactive measures, such as seeking preauthorization, to overcome this significant hurdle. For instance, front desk and...
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