CFOs of two of the country’s largest nonprofit health systems were asked about their financial strategies in the midst of generative AI becoming the next big thing with the launch of ChatGPT in 2022.

While premiums for employer-sponsored health insurance continue to rise each year, employers who have been engaged in novel strategies – such as value-based drug formularies and tiered provider networks based on price and quality – experienced lower-than-average healthcare costs, finds a

Geisinger is partnering for an AI platform to better manage operating room time and staffing. The AI platform by partner Optmed.ai analyzes billions of logistical data points to manage OR workflow. This allows for more clinical procedures, which boosts revenue.  It’s being used at Geisinger’s 10 hospital campuses. WHY THIS MATTERS

Elevance Health announced plans to acquire home health company CareBridge during its most recent earnings call, with Elevance Health CEO Gail Boudreaux saying it will serve as the foundation for subsidiary Carelon’s home health business. “We’re excited to continue to serve all its customers and members,” Boudreaux said on the call.

As revenue cycles increasingly depend on patients to pay their healthcare bills, AI digital engagement increases the collection rate, says  Dugan Winkie, head of Commercial Strategy at Cedar.