HITS (Healthcare IT Spotlight) - June 2024 Roundup

Hello, health tech enthusiasts! June has been a month packed with cutting-edge AI innovations, and significant health IT collaborations. Welcome to the June 2024 edition of the HITS (Healthcare IT Spotlight) roundup!

This month, we delve into 314e's engagement with informatics leaders at the CHIME and AMDIS conferences, their SOC 2 Type II compliance milestone featured by Yahoo Finance, and Alyssa Dennis's RCM improvement tips in Healthcare Business Today. Additionally, we explore how healthcare finance executives are tackling revenue challenges with AI and automation, along with a survey on documentation burdens affecting patient care.

So settle in, and let's explore these healthcare innovations together!

Explore:
1. 314e Engages with Informatics Leaders at CHIME and AMDIS Conferences 
2. Healthcare Finance Executives Address Revenue Challenges with AI and Automation 
3. 314e's SOC 2 Type II Compliance Milestone Highlighted by Yahoo Finance 
4. Survey: Documentation Burden Hinders Patient Care for Health Workers
5. 314e Explores IoMT's Impact on Healthcare Analytics in Latest Blog

1. 314e Engages with Informatics Leaders at CHIME and AMDIS Conferences

2. Healthcare Finance Executives Address Revenue Challenges with AI and Automation

Healthcare finance leaders from reputable institutions like Kaiser Permanente, Community Health Systems (CHS), and King's Daughters Medical Center outlined three major revenue challenges at the HFMA Annual Conference, which occurred on June 26, 2024, in Las Vegas. According to them, the three major revenue challenges are staffing, denials, and prior authorization. They emphasized using AI and automation to improve processes and financial stability, addressing issues like high turnover, claims denials, and pre-authorization complexities. Over 3,500 attendees gathered at the Mandalay Bay Conference Center to hear experts discuss these pressing issues and the innovative solutions being implemented.

3. 314e's SOC 2 Type II Compliance Milestone Highlighted by Yahoo Finance

314e is thrilled to announce that Yahoo Finance has featured the company’s recent achievement of SOC 2 Type II compliance. This milestone highlights the company’s commitment to data security and operational excellence. Achieving SOC 2 Type II compliance reflects the hard work and dedication of the 314e team, ensuring the company meets the highest standards for data protection and privacy.

4. Survey: Documentation Burden Hinders Patient Care for Health Workers

A recent survey by the American Medical Informatics Association (AMIA) found that nearly 75% of healthcare workers believe documentation impedes patient care. Over 1,200 respondents reported that extensive note-taking and EHR usability issues lead to late work hours and burnout, with more than 66% seeing no recent improvement in documentation efficiency. Companies like Oracle, Amazon, and Microsoft are developing generative AI tools to ease this burden, though concerns about accuracy and biases remain.

5. 314e Explores IoMT's Impact on Healthcare Analytics in Latest Blog

Praveen Shivaprasad, healthcare analytics expert at 314e, explores the transformative potential of the Internet of Medical Things (IoMT) in healthcare analytics in his latest article. This article highlights the role of IoMT in enhancing patient outcomes and operational efficiencies through real-time data collection and analysis. It also comprehensively covers the various applications of IoMT, from improving diagnostic accuracy to optimizing treatment protocols, and emphasizes how it empowers healthcare providers to make informed, proactive decisions, which redefines healthcare delivery.

Don't miss our upcoming webinar, "AI: A Valuable Crew Member, Not the Ship's Captain," where we will take an in-depth look at the role of AI in healthcare. Discover how AI can improve accuracy in healthcare IT decisions while preserving the essential human touch. Join us on August 8th, 2024, from 8 am to 9 am PST for a captivating and informative session. Click here to secure your spot now!