Two Key Takeaways From The HFMA Conference [Forbes]
Omnicell, Inc. (OMCL)
Last omnicell, inc. earnings: 2/6 04:01 pm
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Source: Forbes
Like many other conferences this year, the theme underscored the industry's maturity in AI and the urgent need for healthcare CIOs to harness AI tools swiftly. Here are the two takeaways from the conference. Denial And Coding Automation One of the most urgent issues that surfaced at the conference was the alarmingly high rate of denials healthcare providers are grappling with. These denials not only disrupt cash flow but also significantly increase administrative burdens. It's imperative for healthcare organizations to take proactive measures, such as seeking preauthorization, to overcome this significant hurdle. For instance, front desk and contact center staff spend a substantial amount of time obtaining preauthorization and verifying insurance. They also manually assist applicants in reapplying for coverage, such as Medicaid, especially when many family members their plans. Many revenue cycle tools now leverage AI to review claims before submission, flagging those likely to be
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OMCL
Earnings
- 5/2/24 - Beat
OMCL
Sec Filings
- 6/21/24 - Form S-8
- 6/18/24 - Form 4
- 6/18/24 - Form 4
- OMCL's page on the SEC website