News

Hayes CTO Discusses AI-Enabled Revenue Integrity at Health Datapalooza 2021

Posted in Press Releases on Tuesday, February 23, 2021.

Ritesh Ramesh discussed the role of augmented intelligence in achieving revenue integrity to help healthcare organizations regain solid financial footing post-COVID-19.

Wellesley, MA — February 23, 2021 — Cloud, data, and augmented intelligence (AI) have critical roles to play in solving key business problems around operational and financial areas for healthcare organizations as we enter 2021 and beyond. That was the message shared by Hayes CTO Ritesh Ramesh during a rapid-fire panel focused on Patient Care in the Era of COVID – Data and Systems during the virtual 2021 Health Datapalooza and National Health Policy Conference, hosted by AcademyHealth.

Perspectives: Will People Return to Senior Care Facilities After the Pandemic? (Part I)

Posted in Client News Coverage on Tuesday, February 16, 2021.

The Wall Street Journal recently published an article posing that the pandemic is reshaping how Americans care for senior family members, and that more families will opt to keep loved ones at home, rather than relying on senior care facilities. While the pandemic has and will certainly continue to reshape the senior care industry, what might the industry look like in the coming years and after the pandemic?

To find out, we asked senior care industry professionals for their thoughts, insights, and predictions. We’re pleased to share them with you now.

iAdvance Senior Care»

Revenue Integrity Moves Center Stage in 2021: Five Trends That Will Drive Adoption of More Holistic Strategies

Posted in Client News Coverage on Tuesday, February 09, 2021.

There will be little nostalgia associated with placing 2020 in rearview mirror for most health care stakeholders. Especially on the financial front, the year has left provider organizations with unprecedented challenges that will likely follow them well into 2021.

One report released in September 2020 suggested that for-profit hospitals will continue to see a financial decline for another 12—18 months. In tandem with those challenges, health care organizations face mounting compliance concerns related not only new COVID-19 guidance and telehealth, but also the introduction of new Evaluation and Management (E&M) codes. Add an uptick in audit activity to the mix, and it stands to reason that revenue integrity must become a top priority.

Integrated Healthcare Executive»

6 Contact Tracing Apps To Help Your Business Open Safely

Posted in Client News Coverage on Monday, February 01, 2021.

There are various considerations in reopening offices and bringing employees back to work safely, especially now that COVID-19 infections are once more soaring in various areas. If your office is open, then COVID-19 contact tracing solutions are necessary tools in preventing further transmission because they let office managers identify who may be infected or contagious and react appropriately.

PC Magazine»

Conscious Entrepreneurship: May I introduce Kurt Waltenbaugh

Posted in Client News Coverage on Monday, February 01, 2021.

“Conscious entrepreneurship” is at the heart of being an entrepreneur. As entrepreneurs, we must be conscious of the world around us and the impact of our actions. For example, at Carrot Health, we are acutely aware there is power — and potential consequences — in using data modeling. For example, Optum (UnitedHealth Group) used models based on historical medical spend to identify future risk. The models were biased against populations with limited access to a doctor (i.e., lower spend), such as BIPOC communities. As an unintended consequence, the models tended to recommend more services to white members than BIPOC members. Failing to understand the bias in your data can result in critical mistakes and, in this case, perpetuate systemic racism.

Continue Reading»

2021 Medicare Advantage Plan Intelligence: An Early Look

Posted in Client News Coverage on Thursday, January 28, 2021.

The Centers for Medicare and Medicaid Services (CMS) in recent months predicted both lower premiums and richer benefits for Medicare Advantage (MA) plans in 2021. Specifically, CMS anticipated a decrease in average premiums of more than 34% from 2017 levels while plan choice, benefits, and enrollment increased—making the average monthly premium the lowest in 14 years.

But while CMS accurately depicted the indisputable trend of moving toward lower costs and higher value in MA offerings, it did not tell the whole story. To do that, we consolidated and reported on all Medicare Advantage and Prescription Drug Plan (PDP) benefit data nationwide released by CMS. This provides a much clearer picture on how these trends impact individual members vs. across member populations.

Electronic Health Reporter»

2021 E&M Changes: Avoiding pitfalls with the right technology-enabled strategy

Posted in Client News Coverage on Tuesday, January 12, 2021.

As part of its goal to reduce administrative burdens on physicians, the Centers for Medicare and Medicaid Services (CMS) has introduced a final rule for Evaluation and Management (E&M) coding changes that go into effect in January 2021. Extensive revisions to the guidelines aim to minimize the amount of time physicians spend on documenting visits—prioritizing the documentation of information pertinent to patient care, creating resource-based reimbursement, and achieving less need for audits.

The move reflects a positive step forward in terms of patient care and administrative burden, yet documentation readiness hinges on a clear understanding of how the changes impact current practices. Rather than focusing on a checklist of conditions for reimbursement, documentation must prioritize a holistic view of patient care to align with the framework supporting E&M codes going forward.

Physicians Practise»

Keeping university and college micro-communities safe from COVID-19

Posted in Client News Coverage on Tuesday, January 12, 2021.

The COVID-19 pandemic has impacted global public health response in unprecedented ways, underscoring both shortfalls and the need for innovative solutions. For micro-communities like university and workplace settings, this reality is especially true.

When most college campuses reopened in fall of 2020, administrators spent the semester fluidly adjusting plans as dynamics around the virus changed. Now, as the U.S. turns the corner into 2021 and campus leaders reflect on the effectiveness of strategies, one area that consistently rises to the top of priorities is the need for good data—highly granular insights that inform optimal decision making within the confines of a college campus

University Business»

Why California Is One of the Worst COVID-19 Hot Spots and What the Future May Hold

Posted in Client News Coverage on Tuesday, January 12, 2021.

California, once a model of COVID-19 mitigation earlier in the pandemic, has seen its cases steadily rise throughout the summer, culminating in an ongoing crisis.

The state is now seeing case positivity rates of nearly 13 percent, with Los Angeles County seeing as many as 1 in 5 people test positive for the novel coronavirus.

Along with this comes reports of hospitals filling to capacity.

The scene is a severe version of a trend playing out across the country, as COVID-19 deaths nationwide have reached more than 367,000.

healthline»

What are travelers afraid of in 2021? And what should they actually be worried about?

Posted in Client News Coverage on Friday, January 08, 2021.

Walt Meyer is afraid of getting sick when he travels. Too many people aren't taking COVID-19 seriously, he says.

He'd travel again this year if he could be sure that his fellow passengers were virus-free.

"If they could require everyone to arrive an hour early, get tested, then wait for test results before boarding a flight or entering a resort, it would eliminate some of the risks," says Meyer, an author and professional speaker from San Diego.

His fears are justified, say experts. COVID-19 will be the number-one travel concern of 2021, particularly during the first half of the year. But there are other concerns. The question is: What should travelers be afraid of?

USA Today»

Readers Write: Technology: An Essential Element of Holistic Revenue Integrity Strategies for Future Sustainability

Posted in Client News Coverage on Tuesday, January 05, 2021.

Healthcare organizations are facing a perfect storm of financial challenges. US hospitals and health systems entered 2020 with razor-thin operational margins that were exacerbated by substantial and ongoing losses related to COVID-19.

Amid a dramatic drop in healthcare spending during the first quarter of 2020, financial executives found themselves with limited means for countering ongoing pandemic-related impacts, touching everything from supply chain costs to lost billing opportunities and compliance issues. Notably, the industry acknowledges that federal incentives related to the COVID-19 pandemic will not provide enough relief to surmount the far-reaching financial impact.

HIStalk»

Here are Arizona’s COVID-19 micro-hotspots

Posted in Client News Coverage on Friday, December 04, 2020.

Research from Arizona and beyond suggests the coronavirus that causes COVID-19 can spread erratically, making some infected people “superspreaders” and others dead ends for transmission. This can create clusters or COVID-19 micro-hotspots – neighborhoods, schools, towns or other small geographic areas where the virus runs rampant – even while communities next door remain relatively unscathed. These concentrated outbreaks aren’t included in the Arizona Department of Health Service’s COVID-19 data dashboard, which breaks down cases by county.

Dr. Peter Plantes, an internal medicine specialist, works with hc1, a health care data analysis company that recently launched a COVID-19 dashboard explaining the dynamics of the pandemic in new detail.

AZ Big Media»

 

Superspreaders, clusters and dead ends: Research reveals more about how coronavirus spreads

Posted in Client News Coverage on Thursday, December 03, 2020.

PHOENIX – Research from Arizona and beyond suggests the coronavirus that causes COVID-19 can spread erratically, making some infected people “superspreaders” and others dead ends for transmission.

This can create clusters or “micro-hotspots” – neighborhoods, schools, towns or other small geographic areas where the virus runs rampant – even while communities next door remain relatively unscathed. These concentrated outbreaks aren’t included in the Arizona Department of Health Service’s COVID-19 data dashboard, which breaks down cases by county.

Cronkite News/Arizona PBS»

Carrot Health, Colorado Hospital Association Analysis Identifies “Distinct Correlation” Between SDoH and Emergency Department Utilization, Hospital Readmissions

Posted in Press Releases on Monday, November 23, 2020.

Findings are part of a case study examining the relationship between SDoH and healthcare utilization in Colorado

MINNEAPOLIS – November 23, 2020 – A groundbreaking analysis by Carrot Health of claims data compiled by the Colorado Hospital Association (CHA) determined that a high Carrot Social Risk Grouper® (SRG) score correlates strongly with higher rates of emergency department (ED) super-utilization. The analysis, which combined data from CHA’s On Demand Hospital Information Network (ODHIN) with consumer behavior data from the Carrot MarketView® platform, also found that food insecurity and other underlying social factors were driving ED utilization and readmissions.

Hospital Sustainability Demands that Revenue Integrity Move Front and Center

Posted in Client News Coverage on Monday, November 23, 2020.

Razor-thin operational margins coupled with substantial and ongoing losses related to COVID-19 are culminating in a perfect storm of bottom-line issues for U.S. hospitals and health systems. A study commissioned by the American Hospital Association (AHA) found that the median hospital margin overall was just 3.5% pre-pandemic, and projected margins will stay in the red for at least half of the nation’s hospitals for the remainder of 2020.

HIT Consultant»