Healthcare Connection – July 12, 2016
Healthcare Trends: Responses and Risks
The passage of the Affordable Care Act as well as economic, demographic, and other forces have brought sweeping changes to the healthcare industry. Hospitals have responded with a variety of major initiatives, but such initiatives are subject to risks that can undermine their success if not anticipated, monitored, and managed. This article describes several of these trends, initiatives hospitals are pursuing in response, and risks related to those initiatives.
Crowe Event Highlights: HFMA’s ANI – Las Vegas
This year at the Healthcare Financial Management Association’s 2016 Annual National Institute (ANI), Brian Sanderson, managing principal of the Crowe Horwath LLP healthcare services group, presented a session with Scott Hawig of Froedtert Health. Hawig is the senior vice president of finance, CFO, and treasurer at Froedtert. Sanderson and Hawig presented to nearly 200 ANI attendees in Las Vegas.
The session, “Exceptions Resolution: How Machine Learning Can Transform Your Revenue Cycle,” focused on how integrating machine learning algorithms can continuously improve an organization’s revenue cycle performance and quickly resolve account exceptions. The pair discussed the results of Froedtert’s experience with automation and machine learning.