The Meduit Innovation Lab Blog

Recent Posts

How Artificial Intelligence Can Pave the Way to Financial Resilience

Posted by Jeff Nieman on Oct 8, 2020 8:00:00 AM

The coronavirus pandemic has brought the healthcare industry to the brink this year, wreaking havoc on operations and revenue. The American Hospital Association estimates a catastrophic financial loss of $323 billion for hospitals and health systems from March 1st through the end of 2020. The key to mitigating these losses and maintaining cash flow lies in improved Revenue Cycle Management (RCM), and the way to do this is with Artificial Intelligence (AI).

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Topics: AI

Artificial Intelligence Will Save the Revenue Cycle – A Meduit Podcast

Posted by Meduit RCM on Sep 24, 2020 9:30:35 AM

Artificial Intelligence (AI) is transforming the revenue cycle by reducing costs, accelerating cash and working hand-in-hand with staff to optimize efficiencies.

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Topics: AI

What is MeduitAI?

Posted by Meduit RCM on Jul 28, 2020 10:00:00 AM

COVID-19 has impacted nearly every aspect of the revenue cycle and ushered in opportunities for Artificial Intelligence (AI) to transform the way hospitals and health systems resolve accounts.

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Topics: AI

Dumb Reasons AI Strategies Fail

Posted by Meduit RCM on Jun 12, 2020 2:50:44 PM

Artificial Intelligence (AI) is expected to be a game changer for healthcare revenue cycle management, especially as providers grapple with the impact of COVID-19. The right AI technologies can drive revenue by reducing human touches and increasing efficiencies. Unfortunately, many companies attempting to adopt AI fail.

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Topics: AI

Healthcare Industry Leaders Signal Growing Interest in Artificial Intelligence

Posted by Meduit RCM on Feb 20, 2020 5:57:49 AM

Meduit recently launched MeduitAI™, a one-of-a-kind suite of revenue cycle solutions powered by artificial intelligence. Clearly AI is on the minds of healthcare executives based on this OptumIQ Annual Survey, which matches what we are hearing from hospital executives across the country.

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Topics: AI

MedAutoCode Demo - Autonomous Coding

Posted by Meduit RCM on Jan 29, 2020 7:53:58 PM

Artificial intelligence is transforming revenue cycle management. Meduit’s MedAutoCode leverages AI with autonomous coding to recreate a patient visit and assign accurate, real-time medical codes to the chart with zero human interaction. Check out our newest video to learn how MedAutoCode can lower operational costs, improve coding accuracy and reduce A/R time.

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Topics: AI

How AI with Autonomous Coding is Improving Coding Accuracy

Posted by Meduit RCM on Jan 10, 2020 4:15:14 PM

Medical billing errors and coding issues, such as failing to use updated code sets and bad or missing documentation, can lead to claim denials and payment delays impacting healthcare providers financially. According to one study, up to 90% of medical bills contain errors that are cumulatively estimated to be worth $750 billion a year. By reducing human touches, Artificial Intelligence (AI) is playing an increasingly critical role in streamlining healthcare processes, including medical coding, to improve coding accuracy and documentation while reducing costs and driving revenue. Learn more in our latest Issue Brief about how technologies, like MedAutoCode, are leveraging AI with autonomous coding to improve coding accuracy with zero human interaction.

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Topics: AI