UC Davis Health has adopted technology in a partnership to prioritize stroke cases and share information across academic medical centers. This led to efficiencies and better patient outcomes, says chief AI advisor Dennis Chornenky.
Prior authorization does not work for patients, providers or even payers, according to Peter Ax, founder and CEO of UpScriptHealth. The intention of prior authorization is to make an efficient use of health resources, Ax said. It has not worked. “Prior authorizations are hated universally by patients, by providers and frankly I don’t think prior […]
Steward Medical Group and Steward Health Care Network have been sold to Rural Healthcare Group and have been rebranded as Revere Medical.
The Medicare Shared Savings Program (MSSP) yielded more than $2.1 billion in net savings in 2023 – the largest savings in the program’s history, according to the Centers for Medicare and Medicaid Services.
A bipartisan bill introduced in the House would stop Medicare payment cuts from taking effect in January and give physicians a pay increase. The Medicare Patient Access and Practice Stabilization Act, introduced on Tuesday, would provide a 4.7% payment update in 2025 and eliminate the 2.8% Medicare physician payment cut that is slated for January […]
It’s important for chief AI officers to have a strong sense of the regulatory environment and the skills to align AI investments to the company’s business strategy, says Dennis Chornenky, UC Davis Health’s AI chief.
Winners will be those who get and act on clinical data before patients get sick – and that’s a huge IT lift, says Dr. Don Rucker, former ONC head and current chief strategy officer of 1upHealth.
Humana pulled in $29.4 billion in revenue in Q3 of this year, increasing from $25.4 billion in Q3 2023, according to its latest earnings report. For the first three quarters, Humana has now made about $1.9 billion in profit and $88.5 billion in revenue, as compared to $3 billion and $79 billion, respectively, a year […]
Hospital operating margins inched upward for a second consecutive month, with new data from Strata showing the median year-to-date (YTD) operating margin for hospitals nationwide rose to 5.1% in September, up from 4.9% in August and 4.8% in July.
CFOs of two of the country’s largest nonprofit health systems were asked about their financial strategies in the midst of generative AI becoming the next big thing with the launch of ChatGPT in 2022.