Avicenna Medical Blog

Care Management Weekly News Update 1/3/24

Posted by DeAnn Dennis on Wed, Jan 03, 2024 @ 12:20 PM

Hospitals and insurers are racing to find new artificial intelligence tools to give them an edge in billing and processing their part of the $4 trillion in medical expenses Americans accrue each year. As one of the largest parts of the U.S. economy undergoes perhaps its biggest transition in decades, billions of dollars are at stake — not only for health care providers and insurers, but also for the government, which handles millions of Medicare and Medicaid claims every year.

Ongoing ‘reset’ looks to put VA’s EHR deployment back on track 

Although the Department of Veterans Affairs halted deployments of its new multibillion-dollar Oracle Cerner Millennium electronic health record system earlier this year to address continuing challenges with the software’s implementation, VA officials remain committed to the modernization program and hope ongoing fixes will streamline future rollouts of the system. 

Remote patient monitoring (RPM) has emerged as a transformative force in the healthcare industry, allowing medical professionals to monitor and manage patient health remotely through advanced technologies. This market is witnessing exponential growth, with a projected valuation of $8.5 billion by 2031, showing a remarkable compound annual growth rate (CAGR) of 16.3% from 2022 to 2031.

The Affordable Care Act is entering its second decade of existence. Over the last decade, coverage has doubled, consulting firm Oliver Wyman stated in a recent report. ACA enrollment continues to increase, with the Biden Administration expecting 2024 Marketplace enrollment to reach 19 million people.


Tags: Weekly Industry News