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Tag: innovation

How Providers Should Use Technology to Meet the EPCS Mandate
Technology

How Providers Should Use Technology to Meet the EPCS Mandate

Digital health tools that allow providers to electronically prescribe controlled medications can improve care management and curb drug misuse if they're used correctly. Digital health technology has been hailed as an important tool for healthcare providers in prescribing medications, but those tools can be used for harm as well as good. That's why federal regulators are very strict in regulating digital prescribing, or e-prescribing.The Centers for Medicare & Medicaid Services (CMS) established new rules at the beginning of 2023 for Electronic Prescribing for Controlled Substances (EPCS), focusing on Schedule II, III, IV, and V controlled substances (including prescription opioids) covered under Medicare Part D. This mandate requires providers to use secure prescribing practices ai...
Yes, Artificial Intelligence Has A Creative Side, Sort Of
Technology

Yes, Artificial Intelligence Has A Creative Side, Sort Of

Despite perceptions, artificial intelligence doesn’t have a shred of creativity within it. It’s all statistical algorithms, slurping data from sources created by humans somewhere along the line. It will never be a source of innovation, but will serve to augment human innovation. “AI will not develop fundamentally new ideas on its own; however, there are ways in which AI can support humans in doing so,” according to a recent study out of the Gottlieb Duttweiler Institute. In this context, AI serves as a liberating force. “Foremost among AI’s many capabilities for augmenting human creativity is its ability to relieve us of monotonous tasks, such as searching for information and allowing more time for stimulating activities that can lead to new ideas,” the study’s author, Jan Bieser, p...
2023 Small Business Success Means Prioritizing Innovation And Change
Business

2023 Small Business Success Means Prioritizing Innovation And Change

Navigating the financial landscape has become a full-time job. For leaders of small and medium sized businesses hoping to get a grasp on the economic outlook for this new year, there seems to be one overriding point of agreement among the experts: 2023 is a year of uncertainty. And according to the latest National Federation of Independent Businesses (NFIB), the small business optimism index declined 2.1 points—which is why now more than ever both businesses and the financial institutions serving those businesses need to adapt. In 2022, interest rates increased seven times, and inflation had its highest increase in 40 years—and as the outlook for 2023 remains challenging—the environment today requires constant navigation—both from banks and businesses. Successful entrepreneurs and mana...
Using Technology to Improve Observation Rates and Drive Appropriate Admissions
Technology

Using Technology to Improve Observation Rates and Drive Appropriate Admissions

Doylestown Health is using a platform developed by XSOLIS to help nurses stay on top of fast-changing patient conditions and ensure each patient is properly classified and cared for.For all their advantages, EHRs aren't so good at detecting changes in patient status that separate those being observed and those who end up admitted. Nursing staff are often left to comb and click through records in an endless game of catch-up.But at Doylestown Health, AI and algorithmic technology are delivering this in a more efficient manner.The suburban Philadelphia healthcare network, centered around an independent 270-bed hospital, is using predictive analytics technology from XSOLIS to improve medical utilization management. In the first six months of use, officials say they've improved observation r...