An artificial intelligence system from UnitedHealth Group has reportedly sped up prior authorization requests and reduced medical claims denials “meaningfully” during testing at Minneapolis-based hospital system Allina Health. The Optum Real system, which is designed to streamline medical claims processing, has reduced denials by flagging...
Regions Bank has introduced treasury management services designed for clients in the healthcare sector. The new services, announced Monday (Oct. 20), are designed to help those clients automate, streamline and manage their entire payments process. According to a news release, the bank’s Healthcare Receivables Services...
Hospitals are facing unprecedented cost pressures and persistent staffing challenges, forcing a deeper look at where automation can make a measurable impact. The American Hospital Association’s “Cost of Caring” report shows that labor and related compensation now account for nearly 56% of total hospital expenses,...
Amazon is bringing its pharmacy service to its medical practice. The tech giant is launching Amazon Pharmacy Kiosks, which will be placed in medical offices, allowing patients to pick up prescriptions immediately following their doctor appointments, according to a Wednesday (Oct. 8) news release. “Every year in...
BoomerangFX has added integrated financial services to its cloud-based software-as-a-service platform for private-pay healthcare practices. This addition turns the platform into “a full-spectrum financial infrastructure provider inside the clinic,” the company said in a Thursday (Oct. 2) press release. One of the new integrations is...
Watch more: Live Roundtable In healthcare, information and money never stop moving. Every day, medical records, claims, payments and denials flow among patients, providers and payers in a constant stream that is as complex as it is essential. That scale of communication and transactions creates...
Health insurance company UnitedHealthcare has launched a digital shopping experience that enables member-direct purchase of health and wellness offerings. The new UHC Store, available in the UnitedHealthcare app and on myuhc.com, offers members discounts of up to 15% on weight loss programs, orthopedic management apps,...
Omnicare, a CVS Health subsidiary that provides pharmacy services to skilled nursing facilities, independent and assisted living communities and other segments of the long-term care market, filed for bankruptcy Monday (Sept. 22). The company said in a press release that it attributed the move to...
The White House is reportedly discussing a website where patients could purchase discounted prescription drugs. This site — which would potentially carry President Donald Trump’s brand — would allow consumers to buy their medications straight from pharmaceutical companies, Bloomberg News reported Friday (Sept. 19), citing...