Travis Milks

In a recent Becker's Healthcare Podcast episode, Ken Kaufman joined Scott Becker to discuss critical trends in healthcare finance, the impact of COVID-19 on hospital operations, and the challenges of consolidation and staffing in the healthcare industry. Ken shared his expert insights on the evolving financial landscape and the future of healthcare delivery. #healthcarepodcast #hospitaloperations https://lnkd.in/gKjNEkjz

14

In this week's issue of DSOPro, Joshua Gwinn and Eric Nuss, MBA give their take on the Optimize Practice Alliance platform, customizing DSO consulting and support, and the Optimize Business Academy. #dso #dsos #dental #dentistry

1

Our latest Medtech and Device report breaks down the healthcare industry into four vital sectors, providing insights on market performance, valuation multiples, and key metrics. See how this industry performed in Q1 2024 at the link. https://lnkd.in/gZkmjEZK | #medtech #meddevice #healthcareindustry #marketupdate

3

Healthcare Growth Partners is excited to release the latest HGP Health IT Market Review. The Health IT market is sending conflicting signals in 2024. While M&A, buyout, and investment activity is surging, underlying valuations have yet to rebound to pre-pandemic levels. This juxtaposition of activity and valuations creates a market in flux: In the first half of 2024, Health IT M&A valuations rebounded from a low of 2.7x to a median of 3.7x revenue. While this is an improvement, it falls short of the pre-pandemic median of 4.6x. High-quality companies command premium valuations, mid-tier firms grapple with valuation mismatches, and distressed companies sell at discounts. HGP estimates roughly 15-20% of US M&A deals traded below invested capital. Buyout activity is on the rise, fueled by a recovery in the private credit market. Health IT investment (excluding buyouts) is nearing pre-pandemic levels and AI investment soared to over $1 billion in 1H, favoring workflow tools over clinical capabilities by 7:1. Influencing factors include rebounding hospital margins, pharma tech demand, cybersecurity priorities, and a prolonged regulatory lag shape investment decisions. Share your thoughts and experiences! We’d love to hear your perspective. #HealthIT #Healthcare #M&A #Investment #AI #HealthcareFinance #MarketAnalysis

4

Why should you choose Cadence Collaborative as your healthcare consulting partner? We provide end-to-end revenue cycle management solutions tailored to your practice's unique needs. Here's how we ensure financial health and operational efficiency:  - Claims Processing: We scrub and process claims daily to reduce errors and speed up reimbursements. - Reconciliation: All payments are promptly posted, and your accounts are reviewed to ensure every dollar is accounted for. - Eligibility & Authorization: We handle eligibility verification to avoid claim denials and ensure timely authorizations. - Rejections & Denials: Our team runs a new A/R every week, ensuring no denials go unnoticed or unresolved. - Credentialing: We manage contracts with insurance providers, keeping your practice compliant. - Consulting: With a strategic consulting approach, we help streamline your operations, reduce costs, and achieve your financial goals. Ready to transform your revenue cycle management? Let's talk! #HealthcareConsulting #RevenueCycleManagement #ClaimsProcessing #HealthcareRCM #MedicalBilling

5

Drex DeFord Advises Simplifying Healthcare for Vendor Risk Reduction: https://lnkd.in/dDvhYsDF First Health Strategic Advisory Board Member & Healthcare Strategist Drex DeFord dives into pressing concerns around the increasingly complex, difficult to manage, and frequently targeted healthcare environment. Drex’s conversations with This Week Health fuel meaningful conversations to spur the change necessary for improving health sector resilience. We’re proud to have such a dedicated member of the healthcare cybersecurity space advising our leaders and ensuring First Health is at the forefront of digital health security innovation. For more insight into First Health’s leadership and board members, visit https://lnkd.in/gQUx5BzD or contact First Health at [email protected]. #CISO #CIO #CTO #CDO #Compliance #HIPAA #HealthcareIT #HealthcareSecurity #CyberRisk #ThirdPartyRisk #RiskAssessment #Cybersecurity #HTM #DigitalHealth #PatientSafety

16

3 Comments

🎧 How is AI reshaping the hospital revenue cycle? In our latest podcast with Becker's Healthcare, our CEO and Co-Founder William Chan, discusses how AI has transformed healthcare over the past few years. He highlights the power of collaboration between clinical documentation, utilization management, and physician teams to drive success. Listen now to discover: ✅ Enhanced patient care ✅ Faster issue resolution ✅ Optimize decision-making ✅ Better care decisions  ✅ Get paid accurately for the care you provide Is your team ready to embrace AI? We aim to optimize workflows so our healthcare partners can work at the top of their licensure, not replace their roles. #HealthcareInnovation #AIinHealthcare #RevenueCycleManagement #CDI #UM #PatientCare

40

1 Comment

Episode 173: FHIR, Opening Doors to a Bigger, Better Health Care Future. Virtual Health's Huthaifa Khan Michael chats with Outcomes Rocket CEO Saul Marquez on the proper steps healthcare solutions companies should take to properly market their services to an industry eager to drive change. What are Saul's 3 pillars of marketing, what strategies provide the highest ROI and what should companies avoid in order to create significant connections with their potential clients? https://lnkd.in/e4y_gQ5y

4

Tune in to our chat with Rick Anderson, President of DarioHealth, where we explore how his company is utilizing AI and behavioral science to personalize each user’s health journey: https://hubs.la/Q02QzJ8R0

5

Achieving accurate risk adjustment is vital for quality care in value-based models, but it’s no easy feat with complex and disparate data. That’s where AI can step-in to transform fragmented data into actionable insights. We’re excited to share our latest guide, Fueling Success in Value-Based Care: Unlocking the Potential of AI-Powered Prospective Risk Adjustment. This resource dives into how AI can: ✅ Improve prospective risk adjustment for proactive care ✅ Unlock insights from diverse patient data sources ✅ Integrate seamlessly into provider workflows ✅ Deliver higher accuracy in risk predictions Ready to unlock the potential of AI in your risk adjustment process? Download the guide today: https://bit.ly/493tIMV #ValueBasedCare #HealthcareInnovation #RiskAdjustment #AIinHealthcare #HealthcareAnalytics #PatientOutcomes

16

We talk a lot about the impact of prior auth on payers, but what are the impacts on providers? Itiliti Health CEO Michael Lunzer outlines the provider impact in this clip from a recent webinar, alongside how the newly finalized CMS rule will create impactful change. #priorauthorization #priorauth #healthtech

3

Last week, Ken Booth and Tyler Smith interviewed Christopher O'Connor, CEO of Yale New Haven Health. In this insightful discussion, Chris shares his 30-year journey in the healthcare industry. Key highlights: 🔹Increasing demand for acute care services 🔹The strategic role of technology like Epic 🔹Exciting advancements in AI and medical research. If you haven't yet, tune in to learn from Chris how Yale New Haven Health is navigating these challenges and leveraging innovation to deliver exceptional patient care. Listen now on Spotify, Apple Podcasts, iHeart Radio, and Amazon Music. Or listen here! https://lnkd.in/g_9kJvxr Did you the episode? Share your favorite part with us in the comments! #HealthcareIT #healthtech #healthcareai

27

Vertical integration in the health insurance industry pledges to streamline operations, yet when it comes to drug costs, the outcomes warrant closer scrutiny. The reality is third-party payers may not be capitalizing on potential savings. Major PBMs tout cost reduction and streamlined care; however, the opacity of pricing models raises questions. A candid discussion is essential on the real impact these integrations have on drug affordability, not just for consumers but for employers as well. #DrugCostTransparency #PharmacyBenefits #HealthcareEconomics

1

ACO REACH is transforming health care delivery by incentivizing more coordinate, quality care. The success of this model speaks for itself, with top-performing ACOs achieving impressing savings and quality outcomes in 2022 and 2023. By aligning financial incentives with patient care, ACO REACH is paving the way towards a more sustainable and effective healthcare system. #ACOREACH #ValueBasedCare #HealthcareInnovation

3

Curious how WRS Health is making a difference for healthcare practices? Our clients on G2 are sharing how we've helped streamline workflows, improve patient care, and manage their practices more efficiently.🚀 Don’t take it from us. See for yourself why so many providers are choosing WRS Health to support their practice's growth and success. Read their reviews here: https://hubs.ly/Q02T6fY30 #EMR #EHR #G2 #PracticeManagement #Outpatient

5

The Healthcare Financial Management Association (HFMA) Annual Conference CFO panel, featuring Norman Mosrie, CPA, FHFMA, CHFP, Michael Allen, CFO of OSF HealthCare, Jana Cook, MBA, CPA, CFO of Phelps Health , and Robin Damschroder, FACHE, EVP, CFO, and Business Development Officer of Henry Ford Health, provided great insights into current industry trends, focusing on financial management, technological advancements, and strategic partnerships. Here are the top takeaways: 👉 AI & Automation: AI boosts healthcare efficiency and cuts costs with practical uses, however, cautious use and building trust are key. 👉 Financial Sustainability: Improved productivity and cost management are essential. 👉 Legislative Advocacy & the 340B Drug Pricing Program: Strong advocacy supports 340B programs despite pharmaceutical resistance, with state-level efforts and supportive laws being crucial. 👉 Value-Based Care & Partnerships: Value-based care requires resilience and smart cost management. Strategic partnerships and collaborations maintain independence and enhance services. To learn more, read the full article on our website 👉 https://lnkd.in/ghiKAevj #healthcare #healthcarefinance #healthcareanalytics

10

Healthcare providers often grapple with critical questions like "Are my inpatient claims cost appropriate?" and "How can I reduce inpatient expense?" Our cutting-edge AI/ML solutions to address these challenges effectively. Here's how: • Audit Inpatient Claims: Bloom Value's AI-driven platform audits inpatient claims to ensure coding accuracy and identify denial patterns, helping providers reduce unnecessary costs. • Optimize Revenue Cycle: By leveraging data and AI, Bloom Value improves charge capture and prevents denials, streamlining the entire revenue cycle. • Reduce Costs: The AI solutions automate the claims adjudication process, significantly reducing the time and resources required, leading to substantial cost savings. With Bloom Value, providers can transition from reactive to proactive financial management, ensuring cost-effective and high-quality patient care. Discover how AI can revolutionize your healthcare operations--schedule your demo today. https://lnkd.in/gDFQt2dw #AugmentedIntelligence #ClaimsAdjudication #HealthcareAI #RevenueOptimization #CostReduction #BloomValue

11