The benefits of artificial intelligence (Al) to the healthcare industry have been notable and will only grow as these technologies evolve, improve, and become more accepted industrywide.

Some hospitals and surgery centers are requesting patients pay in advance for nonemergency procedures and are rescheduling surgeries when payment is not received beforehand, The Wall Street Journal reported May 9.

‘We need those patients who are able to pay to do so,’ one healthcare company official says.

Advance billing helps the facilities avoid chasing patients to pay after their procedures.

As health insurance premiums, copays, and deductibles rise, health insurance is providing less of the financial safety net American families have come to expect.

Witnesses and members of Congress slam insurers for making money while providers struggle.

Challenging prior authorization policy requirements were addressed in an AHA Annual Membership Meeting panel discussion moderated by Marilyn Werber Serafini, executive director for the Health Program at the Bipartisan Policy Center.

Hearing raises concerns about industry concentration as UnitedHealth pegs cost of cyberattack at more than $1 billion.

Healthcare providers struggled financially and operationally in the first 30 days after a Feb. 21 cyberattack forced the shutdown of Change Healthcare’s claims submission and payment systems, among more than 100 other applications.

As denial rates climb to record highs, driven in part by AI-powered robots, health systems are starting to fight back.

Federal health officials and payers are expected to meet March 18 to discuss how to support providers still struggling financially following the February cyberattack on UnitedHealth's Change Healthcare, according to a Bloomberg report.

Providers are still feeling the pain brought on by the cyberattack on Change Healthcare, and they're continuing to push insurers and the feds to beef up their responses.

According to industry expert Colleen Hall, the recent cyberattack could have far-reaching implications. Hall says she’s appalled by the lack of action from payers.

Provider claims to payers have dropped by more than a third in the wake of the Change Healthcare cyber attack, according to a March 13 news release from Kodiak Solutions. Kodiak's revenue cycle analytics software monitors patient financial transactions from more than 1,850 hospitals and 250,000 physicians nationwide.

Health industry costs and consternation continued to rise Thursday following the Change Healthcare cyberattack. Research by technology services company Kodiak Solutions estimates the breach is costing hospitals more than $2 billion a week in lost cash flow.

Artificial intelligence, including subsets such as machine learning and “deep fakes,” is among the top five risks faced by healthcare providers in the coming year, according to a report released in January from Kodiak Solutions.

The cash flow impact of a recent cyberattack on a healthcare claims processor is illustrated by changes in the net cash value of weekly claims filed by more than 1,850 hospitals and 250,000 physicians that submit data to Kodiak Solutions' Revenue Cycle Analytics (RCA) software. The baseline is the average net cash value of weekly claims for the period Jan. 1-Feb. 17, 2024.

Patient responsibility is growing due to more high deductible health plans, says Colleen Hall, SVP and Revenue Cycle leader at Kodiak Solutions.

Kodiak Solutions recognized six health systems for revenue cycle performance excellence during its 2024 Healthcare Virtual Symposium, held today (March 13). The Revenue Cycle Performance Awards celebrate improvement in healthcare revenue cycle operations. Awards were determined based on organizational performance on top revenue cycle KPIs within the patented Kodiak Solutions Revenue Cycle Analytics (RCA) software.

The rate of patient collections fell from 54.8% in 2021 to 47.8% in 2022 and 2023, according to an analysis from Kodiak Solutions.