Tag: Prochant

CHARLOTTE – Prochant has earned a spot on the Inc. 5000 list of fastest-growing private companies in the United States for the third consecutive year, the company has announced. "At Prochant, we've redefined innovation in the home-based care sector by incorporating human-in-the-loop AI tools into healthcare revenue cycle management,” said Mathew Mammen, CEO. “Our third-time inclusion on the Inc. 5000 list is a testament to our unwavering growth and the harmonious fusion of cutting-edge...

Q. What are some case studies of successful AI implementations in HME RCM?   A. AI-driven solutions in HME RCM have shown promising results, with numerous providers already reaping the benefits of improved efficiency and reduced errors. We will explore three case studies that demonstrate this transformative impact.  Streamlining prior authorization   A mid-sized, sleep-focused provider faced significant challenges in managing prior authorizations, resulting in delays and increased...

Q. How do I address security and compliance concerns in AI-powered systems?  A. As HME suppliers begin to adopt AI-driven solutions, ensuring data security and regulatory compliance becomes paramount. With sensitive patient information at stake, organizations must take a proactive approach to protect their data. Here are some key strategies for addressing security and compliance concerns:  Choose a compliant AI solution  When selecting an AI-driven solution, verify that it adheres...

Q. How do I integrate AI solutions into my medical billing workflow?   A. The integration of artificial intelligence (AI) into medical billing presents an exciting opportunity for HME suppliers to streamline their revenue cycle management. However, transitioning to AI-driven solutions requires careful planning and execution to ensure seamless integration and optimal results. Let’s examine the key steps for successfully incorporating AI into your medical billing workflow:   Assess...

Automation technology has made great strides within the HME industry, organizing and streamlining operational office functions that go beyond billing. That progress has changed the dynamic of a provider’s financial processes and business workflow.  “Basically, there are many areas in the HME provider’s business, including revenue cycle management, where advanced technology and automation – including artificial intelligence – can be used to improve process throughput,...

Q. How will AI revolutionize HME billing in the next decade?     A. The home care industry is no stranger to the transformative power of technology. The last decade has brought about major improvements to HME workflow, from mobile delivery to automated calling campaigns, and technology has been a major force behind them. As suppliers continue to grapple with the complexities of HME billing and collections, artificial intelligence (AI) promises to bring a paradigm shift in the way billing...

DALLAS – Technology can be daunting, especially when it comes to leveraging its myriad functions, applications and operations, which is why Medtrade made it a focus of the educational program this year.  “Providers need to approach technology with an understanding of what they are trying to solve,” said Bruce Gehring, senior vice president of business development for Overland Park, Kan.-based Allegiance Group. “They need to know what their current performance is and...

DALLAS – Technology–specifically information technology–has become the lifeblood of the HME industry, enabling providers to gain more control over their businesses, their patients and their future. It can be daunting to understand and harness the myriad functions, applications and operations of the digital universe, even for those who have been immersed in it for years, which is why Medtrade has made it a focus of its education program.  “Providers need to approach...

CHARLOTTE, N.C. – Prochant has rolled out a new program called Prochant Pulse that marries its analytics platform with coaches and made it available to non-clients.  “What Pulse does is bring a coach to the table to work with that provider to really understand their business, establish a baseline and determine initial priorities,” said Joey Graham, chief revenue officer. “Is their AR way too high? How do we bring that down and, by doing that, bring other metrics down?”  Providers...

CHARLOTTE, N.C. – Prochant has secured a key partnership with VGM & Associates to be the member services organization’s official partner for focused billing solutions. “As experts in revenue cycle management for the HME industry, we feel a responsibility to be present and accessible to HME providers,” said Mathew Mammen, CEO of Prochant. “This partnership with VGM will provide exactly that. Our goal is to show VGM members fast, secure and efficient ways to automate their...