Riverside Health Sees Increased Revenue and Net Margins with Ambient Listening
MedCity News
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Contributed by: Kate Gamble
Summary
Clinicians are recognizing the benefits of generative AI tools in clinical documentation for reducing administrative burdens, but industry leaders remain cautious about their financial ROI due to insufficient evidence, as noted by a Peterson Health Technology Institute report. In contrast, Riverside Health has reported a notable revenue increase after implementing Abridge’s AI technology, which generates clinical notes from doctor-patient conversations, alleviating physician burnout and improving documentation accuracy. Since its adoption, Riverside has experienced a 14% rise in Hierarchical Condition Category diagnoses and an 11% increase in work relative value units, enhancing reimbursement opportunities and care alignment.
