Strategic Planning
Executives' highest priority for revenue cycle investment is technology, such as AI, automation and machine learning.
The company cut about $2B worth of total debt and added $2.5 billion in exit financing.
AI has emerged as a critical area of investment, with 57% of executives planning to invest this year.
Providence is starting to see scale on AI in clinical use cases and in implementation evaluation, says Dr. Eve Cunningham, chief of virtual care and digital health at Providence.
Atlantic Health System, which had an AI maybe approach, is transitioning to an AI first approach, says Sunil Dadlani, chief information & digital officer at Atlantic Health System.
The company will be debuting new individual marketplace plans in Florida, Maryland and Texas beginning January 2025.
The systems say this will improve outcomes and experience, and place greater emphasis on population health and value-based care.
Cohere's AI platform has a high auto approval rate, but if another type of care is required before surgery, the tech provides that faster, says Dr. Traci Granston at Cohere.
To get to the end state, health systems need to have data that is secure, accessible and interoperable, says HIMSS president and CEO Hal Wolf.
Harper Family Foundation provided $10M to train staff and medical professionals to deploy AI technology ethically for patients, system says.