The Problem: A world-class academic health system located in the Southeast decided to transition from its legacy electronic health record (EHR) to Epic for enhanced record-keeping.
The Problem: Due to a significant staffing shortage, a 360-bed pediatric hospital located in the Midwest struggled to manage its accounts receivable cycle effectively. The situation led to a staggering backlog of $33 million in invoices that were over 180 days old. This backlog caused delayed reimbursement, disrupted cash flow, and placed immense pressure on the already overworked staff.
The Problem: Vee Healthtek was approached by one of the largest hospitals in the Midwest, which was experiencing major revenue loss caused by improper clinical documentation. Due to documentation discrepancies involving high-impact diagnosis related groups (DRGs), the hospital had multi-million-dollar leakage.
The Problem: A large health system with more than 30 hospitals was targeted in a major cyberattack, which led to a significant claims backlog. The accumulated claims amounted to hundreds of millions of dollars, including high-dollar facility charges.
On November 30th, 2022, the world changed forever. Artificial intelligence (AI) became accessible to the public through a tool called ChatGPT.
After facing a $40 late fee for returning an overdue Apollo 13 VHS tape and discovering the upcoming technology of DVDs, Reed Hastings was inspired to revolutionize the home viewing movie scene. His 1997 subscription-based DVD rental startup eliminated late fees and incentivized returns with another DVD sent to the customer’s door.
Introduction: Since the release of ChatGPT, artificial intelligence (AI) is more accessible than ever before. However, viewing AI as an “easy win” is a misperception.
Computers in the corporate environment are nothing new. Most people are familiar with using a computer for a variety of activities: email, spreadsheets, web browsing, and programming, to name a few.
Every healthcare organization is faced with rising costs, staffing shortages, and increasing administrative requirements by payers to be reimbursed for the services they render to care for their patients.
