Tag: Prochant

PHILADELPHIA – Dynamic Healthcare Services and Hometown Oxygen Pittsburgh on July 15 filed a lawsuit against Philips Respironics, DeLage Landen Financial Services and Philips Medical Capital for cutting off access to financing and leasing programs that the providers say are necessary for them to compete.  According to the lawsuit, filed in the U.S. District Court for the Eastern District of Pennsylvania:  Prior to the Philips recall, DHS purchased thousands of respiratory...

CHARLOTTE – The No. 1 billing and revenue cycle management challenge for HME providers is preventing or reducing denials and appeals, according to the results of a new survey sponsored by Prochant and conducted by in90.  The No. 2 challenge: Hiring, training and retaining qualified intake, billing and collections staff.  “In response to these challenges, 60% of respondents have outsourced at least one RCM function in the past year, with over 70% attributing this decision...

CHARLOTTE, N.C. – Prochant is enhancing its workflow and analytics platform, Prochant Pulse, with a new Financial Intake Workflow to improve eligibility verification and prior authorization for infusion pharmacies. This latest enhancement to Prochant Pulse underscores Prochant's commitment to technological innovation and delivering superior solutions for its clients. "We recognized the critical need for a solution that assures timely and high-quality completions of benefits verifications...

The future of HME billing systems looks bright, market specialists say, with advances in patient portal technology and artificial intelligence expected to play a leading role.  “We're beginning to witness transformative trends that are not only enhancing operational efficiency but also significantly improving patient engagement and satisfaction,” said Joey Graham, chief revenue officer for Charlotte, N.C.-based Prochant.  Patient portal technology, in particular, shows...

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...