This is Naomi Diaz with the Becker's Digital
Health Podcast.
Here's your daily industry news briefing for today,
October 14th.
First,
Oracle Health launched a new cloud based solution
designed to streamline medical claims processing.
Here are 5 things to know.
The Oracle Health Clinical Data Exchange enables secure
and automated data transfer between health care providers
and payers.
It is built on the Oracle Cloud infrastructure
and aims to replace manual medical record transmission.
Oracle's leadership team designed the solutions to speed
up the patient clinical services approval process as
well as the claims and payment process.
Around 70% of prior authorizations
are done by phone or fax, and 25%
of reimbursement documents are shared digitally, which delays
care.
This solution is Oracle's first step to offering
payers a comprehensive platform for instant claim evaluation
and processing.
The data exchange has military grade cybersecurity
capabilities to protect data, and providers maintain control
over the data, according to a press release
from Oracle Health.
They decide what to share with payers, and
payers confirm what they receive.
Lastly, health systems can use Oracle Health's EHR
to onboard payers to the clinical data exchange
without extra charges.
2nd,
1 to 2 year contracts leave digital health
solutions a short time to display their value
to health systems,
which often update their platforms as needed according
to Peterson Health Technology Institute.
Here's how health systems measure the value of
digital health solutions per the digital health researchers
survey of a 100 systems released October 10th.
1st is increased patient satisfaction.
2nd is patient engagement with solutions.
3rd is improved performance against key clinical
outcome metrics.
4th is decreased spend on medical cost. 5
is health system revenue, and 6 is just
increased spend on pharmacy cost.
3rd,
Microsoft is introducing a series of new AI
driven tools for health care. Here are 4
things to know. Microsoft is rolling out a
new set of health care AI models in
Azure AI Studio.
These models developed in collaboration with Providence and
Page AI are designed to process a variety
of medical data, including imaging, genomics, and clinical
records.
This multimodal approach, according to an October 10th
news release from Microsoft,
allows health care organizations to deploy tailored AI
tools without needing extensive computation
comp computational
resources to build models from scratch.
2nd,
the tech giant is also making its Microsoft
Fabric platform generally available.
With this platform, health care organizations can use
a single AI powered platform to simplify how
they access, manage, and use their data.
Additionally,
Microsoft is launching the public preview of its
health care agent service within its copilot studio,
allowing health care organizations
to create AI powered copilot agents for tasks
such as appointment scheduling,
clinical trial matching, patient triaging,
and more.
Cleveland Clinic was one of the first early
adopters of this according to Microsoft.
And 4th, Microsoft and EHR vendor, Epic, as
well as health systems are working to develop
an AI solution that uses ambient technology to
streamline nursing documentation.
The new tool, according to Microsoft, will leverage
ambient technology to create flow sheets for review,
allowing nurses to minimize
paperwork and dedicate more time to patient care.
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