by Aspirion | Apr 8, 2024 | Denials Management
According to a KLAS report on Denials Management Services 2024, healthcare organizations are generally satisfied with their vendors’ expertise, overturn rates, and denial prevention services. The report focused on four vendors. Aspirion received the highest...
by Aspirion | Mar 27, 2024 | AI/ML, Denials Management
Artificial Intelligence (AI) has the potential to revolutionize Revenue Cycle Management (RCM) by improving efficiency, decision support, and patient engagement. AI-driven solutions can proactively predict and manage denials through claims data analysis, allowing for...
by Aspirion | Mar 10, 2024 | AI/ML, Denials Management
Healthcare is experiencing an AI revolution amidst rising costs, labor shortages, and declining margins. Recent analyses show a significant increase in insurance claims denials, with initial denials jumping 11.9% year-over-year and Medicare Advantage denials rising...
by Aspirion | Feb 22, 2024 | AI/ML, Denials Management
Hospitals and health systems across the United States are facing unprecedented rates of claims denials, negatively impacting their revenues and straining relationships with payers. These denials lead to multiple challenges, including increased administrative costs,...
by Aspirion | Feb 14, 2024 | AI/ML, Denials Management
Provider organizations need to embrace advanced technologies for revenue cycle management (RCM) to address low cash reserves, rising denials, and high burnout rates. Claims denials are increasing in number, value, and complexity, while resolution times are lengthening...
by Aspirion | Jan 10, 2024 | Revenue Cycle Management
As we enter 2024, we’re launching a series of Health IT predictions for the year ahead. We reached out to the Healthcare IT Today community for their insights, receiving a diverse array of responses that we’ve organized into several themes. Due to the...
by Aspirion | Dec 29, 2023 | AI/ML, Denials Management
Hospitals are facing significant financial challenges due to rising costs, labor shortages, and an influx of denied claims. A Kaiser Family Foundation study found that insurance companies initially deny 17% of claims on average, even for in-network care. The rate of...
by Aspirion | Dec 22, 2023 | Revenue Cycle Management
The healthcare landscape has undergone significant transformations in the past year, with 2024 expected to bring even more rapid changes for hospitals and health systems. Industry leaders have shared their insights on the upcoming year’s trends, opportunities,...
by Aspirion | Nov 22, 2023 | Denials Management
During an executive roundtable at the 8th Annual Becker’s Health IT + Digital Health + RCM Meeting, Aspirion leaders Jeff Podraza and Nancy Momcilovic discussed denial prevention, focusing on the importance of managed care contracts and agreements in relation to...
