GV (Google Ventures)’s Post

With labor costs soaring, margins shrinking, and claims denial rates averaging nearly 15%, healthcare providers are facing significant financial challenges. In this environment, automation and AI tools are becoming essential for streamlining revenue cycle management.   In a latest article with Health IT Answers, Noel Felipe, SVP – Healthcare Provider Solutions at Firstsource, explores how providers are leveraging AI to automate and enhance every stage of the revenue cycle—from preregistration to collections. He emphasizes the importance of a clear AI strategy: identifying which functions to target and evaluating the near- and long-term impact of these AI implementations for maximum efficiency and effectiveness. 𝗨𝗻𝗹𝗼𝗰𝗸 𝗮𝗰𝘁𝗶𝗼𝗻𝗮𝗯𝗹𝗲 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗼𝗻 𝗵𝗼𝘄 𝗔𝗜 𝗶𝘀 𝘁𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗶𝗻𝗴 𝘁𝗵𝗲 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝗰𝘆𝗰𝗹𝗲: https://lnkd.in/euhYBFQ8 #WeMakeItHappen #AIInHealthcare #RevenueCycleManagement #HealthcareInnovation #TechInEverythingWeDo #DigitalTransformation #relAI

Did you know AI is transforming the way we do business across various sectors? For example, in the healthcare industry, automated appointment scheduling is drastically reducing no-shows and improving patient management. Imagine how much more efficient your practice could be with the right AI tools in place. How has AI changed the game in your industry?

We often get asked two questions about AI in healthcare: 1. How do we get there? 2. Why should we do it? How? It's straightforward! We guide you step-by-step. A proof of concept (POC) or ROI models can show you the path. Why? It boils down to cost. If our applications can pay for themselves in 3-5 months by boosting productivity, you’re set to gain for the rest of the year. This means less cost pressure from your CFO or COO and more savings. It's a win-win! #HealthcareAI #AIPower #CostSavings #ProductivityBoost #ROI

Embracing AI in business is a strategic move, yet its application in healthcare demands a nuanced approach. Recent findings from Salesforce underscore this reality: while AI excels in alleviating administrative burdens, its readiness for the complexities of healthcare remains a work in progress. As senior decision-makers invested in AI's potential, it prompts a critical enquiry: How do we ensure AI's seamless integration into healthcare, safeguarding both efficiency and patient well-being? Read the latest. 👇 https://sforce.co/4b4mpEH

Embracing AI in business is a strategic move, yet its application in healthcare demands a nuanced approach. Recent findings from Salesforce underscore this reality: while AI excels in alleviating administrative burdens, its readiness for the complexities of healthcare remains a work in progress. As senior decision-makers invested in AI's potential, it prompts a critical enquiry: How do we ensure AI's seamless integration into healthcare, safeguarding both efficiency and patient well-being? Read the latest. 👇 https://sforce.co/4b4mpEH

💡 𝗨𝗻𝗹𝗼𝗰𝗸 𝗛𝗶𝗱𝗱𝗲𝗻 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝘄𝗶𝘁𝗵 𝗦𝗠𝗔𝗥𝗧 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗲𝗿 💡 When it comes to clinical trials, achieving optimal outcomes requires more than traditional methods. MaxisIT Inc.'s SMART Optimizer is setting a new standard in trial optimization through AI-driven causal discovery and dynamic monitoring. ✅ Spot causal patterns and streamline decision-making with advanced AI models. ✅ Proactively manage trial deviations, ensuring safety and protocol adherence. ✅ Enhance data integrity and boost trial efficiency with automated, intelligent data management. Are you ready to redefine clinical trial success? Dive deeper into how SMART Optimizer makes the difference: https://lnkd.in/eYnSpBwf #SMARTOptimizer #CausalDiscovery #ClinicalTrials #AIinHealthcare #ClinicalResearch #TrialOptimization #MaxisIT

After a dinner conversation with one of the brilliant minds behind the MaxisIT Inc. SMART Optimizer, I got a glimpse into how this platform can transform clinical trials by putting human-like intelligence to work for better, faster decisions. Here’s how SMART Optimizer could support your work: Bridging Gaps with Human-like Intelligence -SMART Optimizer leverages Causal AI to go beyond typical machine learning, creating insights based on cause-and-effect relationships rather than mere correlations. For teams needing better clarity on complex trial data, this means faster, more precise decision-making rooted in real understanding. -Prioritizing Cause and Effect with Generative AI This unique blend of Causal and Generative AI gives you a platform that’s tailored to clinical trial workflows, offering various virtual roles that make data interactions seamless. The result? A smoother trial management experience where data speaks clearly, helping you understand not just the ‘what’ but the ‘why.’ -Visualizing Impactful Interventions SMART Optimizer’s ability to simulate “what-if” scenarios and provide counterfactual explanations enables your team to visualize different intervention outcomes. Whether assessing potential risks or projecting study timelines, this feature allows you to make strategic, forward-looking decisions with confidence. If you’re looking to unlock meaningful, actionable insights from trial data, SMART Optimizer could be the game-changer for your clinical trials. #CausualAI #GenerativeAI #ClinicalResearch #HealthTech #FutureOfMedicine #SmartTechnology #SMARTOptimizer #AIinHealthcare #CasualDiscovery #ClinicalTrials #MaxisIT

In a recent Tech Exec Insights interview with Ken Pomella, our own Tom Cohen shared how we’re pushing the boundaries of healthcare innovation. Dive in here: https://bit.ly/4cWGcHb From leveraging AI to streamline ACA, Medicare Advantage, and ICHRA operations, to enhancing data interoperability, Tom shares how we're simplifying complex processes for health plans. With a focus on adaptability, our solutions are built to meet the unique needs of each plan, making it easier to manage both under-65 and over-65 lines of business. #AI #ICHRA #HealthIT

Great interview between Ken Pomella and Softheon's Tom Cohen about AI and technology's role in the dynamic world of healthcare and how ICHRA will also play an important part. It's worth a quick read if you want to make an impact in healthcare: https://bit.ly/3YjzpCK #healthcare #AI #ICHRA