The Meduit Innovation Lab Blog

Revenue Cycle Innovation, Cost Savings and the Patient Journey

Posted by Meduit RCM on Oct 24, 2019, 10:01:34 AM

Becker’s Hospital Review 5th Annual Health IT + Revenue Cycle Conference & AAHAM Annual National Institute

RCM innovation, cost reduction and driving the patient journey led conversations at the recent Becker’s Hospital Review Conference and AAHAM National Institute.

The Becker’s Hospital Review 5th Annual Health IT + Revenue Cycle Conference in Chicago provided opportunities to network with nearly 4,000 attendees and hear from 200+ hospital executives who spoke at the conference October 9-12. Randy Tempest, Sr. VP Sales & Relationship Management, and Karla Brown, Sales Operations Manager, attended on behalf of Meduit. Randy noted that the CFOs and boards of hospitals and health systems are laser focused on cost saving initiatives while demanding that vendor partners deliver greater productivity.

“We walk side-by-side with our clients and bring innovation into the healthcare environment that requires more productivity at a lower cost,” Randy said. “Conference attendees were very interested in our artificial intelligence capabilities because Meduit’s AI solutions incorporate true machine learning, not just bots, and that’s where our products stand out and how we deliver lower cost coupled with greater productivity,” Randy said.

Conference attendees were also talking about improving the patient journey and ensuring that providers make patients feel important and reduce confusion.

“Confusion is one of the key reasons that patients don’t pay their bills,” Randy said. “Meduit helps clients with patient engagement at a deep level to reduce that confusion. By pairing our expert teams with our technology, we drive innovation that delivers measurable results for providers, operationally, clinically and financially.”

Ken Krieger, Regional VP of Sales North, along with Jason Besterfeldt, VP of Sales, represented Meduit at the AAHAM National Institute (ANI) which was held October 9-11 in Las Vegas. ANI hosted nearly 500 national members and over 75 exhibitors, exchanging ideas and furthering their knowledge around patient account management.

“ANI is purely a revenue cycle event with topics addressing artificial intelligence, which is one of Meduit’s sweet spots, as well as government regulations that impact our ability to reach out to patients on behalf of providers through automation,” said Ken. “At Meduit, we structure our technologies to make our processes more efficient across the board to help our clients lower the cost of resolving their accounts receivable, so there was a lot of discussion about how we navigate government regulations to do that effectively.”

The AAHAM event also provided an opportunity to introduce Meduit’s Alltran acquisition with attendees in a shared booth manned by Mike Carnrite from Alltran with Ken and Jason.

“We were able to work with Mike to share the news of Alltran joining the Meduit team and the benefits of our expanded capabilities with clients and prospects,” Ken said.