Networks Connect Professional Staffing

'''In today's healthcare sector, the merging of Revenue Cycle Management (RCM) and payment integrity is crucial for providers and payers. Traditionally, these areas operated separately, causing inefficiencies and higher costs. But, AI is changing this, bridging the gap between RCM and payment integrity. This creates a transparent, efficient financial ecosystem benefiting everyone, including patients and plan members.''' https://buff.ly/48bLjkZ #RCM #revenuecyclemanagement

State-run automatic individual retirement account programs are encouraging more small businesses to offer private retirement plans, according to a study by the National Bureau of Economic Research. The research indicates that state mandates led to at least 30,000 small companies offering private retirement plans. The study, based on tax data from four states - Oregon, Illinois, California, and Connecticut - between 2017 to 2022, covers the period of the rollout of these state programs. https://buff.ly/3BEllL1 #retirementadminstration #retirmentindustry

Diverging trends in Life and P&C insurance continue, with Life earnings exceeding expectations while P&C growth underperforms, as per Morgan Stanley. Personal lines show better performance, with Q2’24 results bifurcated but profitable, with expected growth continuing into 2025. https://buff.ly/3zVj2Td #insuranceindustry #underwriting

Arsenal Capital Partners has agreed to acquire Knowtion Health, a US-based company specializing in AI-powered services for healthcare insurance claims. The deal details are undisclosed, with Sunstone Partners retaining a strategic investment in the firm. Knowtion Health's services help hospitals and health systems manage insurance claims, recover low-balance accounts, and enhance revenue and patient experiences. https://buff.ly/4eRauvi #RCM #revenuecylemanagment

The IRS has recently updated guidelines on RMDs for retirement plans like pensions and 401(k) accounts due to SECURE 1.0 and 2.0 acts. Changes include adjusting the RMD age to 73, later to 75 years old. https://buff.ly/3ZX4ZHd #retirementadminstartion #retirementindustry

Insurance costs for car and homeowners coverage have significantly increased nationwide due to the pandemic and inflation. Recent data from the U.S. Bureau of Labor Statistics reveals a substantial 18.5% rise in car insurance prices compared to last year and a staggering 75% increase since 2020. Overall prices in the U.S. have surged by 23% since the pandemic began. Similarly, homeowners insurance premiums have surged from an average of $1,272 in 2019 to $2,511 presently, marking a significant 97% rise. https://buff.ly/3WLLOx0 #insuranceindustry #underwriting

Now that AI is making its mark in #revenuecyclemanagement, leaders are excited to witness its evolving capabilities in aggregating information, automating tasks, and cross-referencing data. This optimization and efficiency will meet the needs of executives like Bill Arneson from Moffitt Cancer Center, who is part of the HealthLeaders Mastermind program on AI in Rev Cycle and Finance operations. https://buff.ly/4epIz68 #RCM #revenuecycleindustry

The IRS issued guidance for retirement plan sponsors to provide matching contributions based on eligible student loan payments by participating employees. The SECURE 2.0 Act allows employers to offer matching contributions for student loan payments starting in 2024. This legislation applies to various retirement plans and begins in 2024. https://buff.ly/46TTQZs #retirementadministration #retirementindustry