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Autonomous Medical Coding Key to Transformation of Claims Processing
In the previous decade, medical coding was largely a slow and error-prone manual process. The adoption of ICD-11 has only exacerbated this problem. With automation technologies now delivering accuracy, agility, and process visibility, adoption of autonomous medical coding (AMC) products is growing. However, choosing the right AMC product is not easy. There are dozens on the market, and they are not created equal. These trends are covered in Avasant’s new Autonomous Medical Coding Products 2022 RadarView™ Scan.
Telehealth: An Emerging Healthcare Delivery Model
Healthcare providers are increasingly investing in telehealth as it facilitates remote patient monitoring, enables wellness management, and reduces dependency on staff. They are not only offering a convenient and cost-effective care delivery model but also generating revenue by treating patients across different geographies. However, there are some challenges such as compliance, high dependency and investment in technology, and data integration. These emerging trends are covered in Avasant’s Healthcare Provider Digital Services 2022–2023 RadarView™.
Preventive Care Investments Help Healthcare Payors Reduce Costs and Improve Quality of Care
With the rise in healthcare spending, payors are evaluating different methodologies to contain costs and improve care delivery. Major strategic goals for payors include incorporating Social Determinants of Health (SDOH) in policy calculation, shifting to a value-based care model with price transparency, and adhering to interoperability laws. However, the most critical goal is to invest in preventive care and facilitate the shift from reactive to proactive care. Payors can achieve up to 42% ROI over three years by implementing preventive care measures such as promoting lifestyle modifications, building digital health platforms, and launching apps. These emerging trends are covered in Avasant’s Healthcare Payor Digital Services 2022–2023 RadarView™.
5G and the Future of Healthcare
5G promises to be 10—20 times faster and with less latency than the previous generation (4G), enabling new capabilities and transforming applications in a variety of industries. However, the cost of 5G is enormous. Healthcare, a notoriously laggard sector, has the opportunity to take a big step forward if it can choose the right applications to begin its investment.
IT Spending and Staffing Benchmarks 2021/2022: Chapter 11: Healthcare Services Sector Benchmarks
Chapter 11 provides benchmarks for healthcare services companies. The 47 respondents in this sector include community hospital groups, multiregional hospital systems, healthcare systems, dental service organizations, university hospitals, long-term care facilities, and other healthcare organizations.