Insight
Key Insights From 2024: Our Experts Share Their Best Takeaways From Leading Healthcare Events
2024 was a busy year for health IT events, and Tegria welcomed the opportunity to participate in various thought-provoking discussions. Key themes include rising costs and other financial concerns, the need to align technology with patient experience, the current state of AI in healthcare, and increasing interest in advanced revenue cycle management technology. In case you missed any of these insightful events, our team compiled a list of top takeaways to help you plan for 2025 and beyond.
ViVE
Ray Gensinger, MD, CMO
February’s ViVE focused on data management, which includes collection, transmission, and analysis to generate actionable insights. Exhibitors and speakers emphasized the importance of data processes, reflecting a trend toward data-centric strategies among providers and payers. There is also a growing recognition that, while artificial intelligence (AI) is a vital technology, healthcare transformation will depend on how effectively we use AI to unlock its full potential. Ultimately, how we adopt new technologies, including AI, will be the key to making a significant impact.
Stephanie Ngo, Managing Director, Payer Services
A key takeaway from ViVE was the importance of data in addressing rising healthcare costs. Data availability, quality, and usability significantly affect buyers’ costs. Although price transparency rules aim to help consumers, they often benefit payers and providers, leading to higher costs. Despite the shift to Value-Based Care (VBC), affordability can be ensured only with better data usability. Although AI could help analyze complex data to reduce costs, its effectiveness is limited by current data quality and availability.
HIMSS24
Margaret Martin, JD, Managing Director, Rev Cycle + Experience
HIMSS24 highlighted critical insights into healthcare’s revenue cycle. While many organizations have recovered, operating margins are only half of pre-pandemic levels. This creates a strong focus on ROI amid concerns over the end of federal telehealth reimbursement and cuts to the CMS Medicare Physician Fee Schedule. Improving the financial experience for patients has become a priority, with data showing that investments in advanced technology for revenue cycle management achieve better financial performance.
Ray Gensinger, MD, CMO
HIMSS24 sparked many thought-provoking discussions about the future of healthcare. A significant focus was placed on addressing the needs of the growing global population age 70 or older. There was also considerable attention on understanding and meeting the expectations of the next generation of patients, especially regarding virtual care services. Additionally, discussions highlighted the paradox of a reduced or more condensed cyber presence in healthcare, raising essential questions about the associated risks.
Health Plan Alliance Spring Leadership Forum
Brigid Turrittin, VP of Sales, Payer
CEOs of provider-owned health plans emphasized the need for organizational cultures and exceptional local service to retain clients and differentiate themselves in the market. Health plans are also closely monitoring the 2025 Medicare Prescription Payment Plan for financial implications, and Affordable Care Act plans are expanding, with brokers like HealthSherpa gaining market share.
IPMI Healthcare Finance Institute
Cameron Steeples, Director, Revenue Cycle + Experience
Rising costs and lower reimbursement rates have many HCOs struggling to maintain margins. This event focused on three key areas of concern: payer use of AI to increase denials, persistent staffing challenges, and policy changes to address a growing Medicare population. Attendees were advised to adopt new strategies and solutions for denial reduction and innovative care delivery, automate revenue cycle functions wherever possible, and collaborate on solutions that enhance patient experience and provider satisfaction.
Becker’s Healthcare 14 Annual Meeting
Andrea Corona, Managing Director, Care Operations
Hundreds of elite healthcare executives and thousands of peers converge yearly to exchange ideas and spark innovation. Key speakers discussed addressing provider burnout and workforce shortages by building a culture of trust with optimized workflows and strategic care model transformation. Value-based care has bold, transformative potential; but a lack of cross-departmental collaboration and clearly defined strategies risk compromising patient outcomes, financial sustainability, and overall system reliance.
KLAS Arch Collaborative Summit
Jason Ford, Senior Managing Consultant, Care Operations
July in Salt Lake City united attendees seeking fresh perspectives on optimizing care. Key recommendations from clinicians, top-performing healthcare organizations, and KLAS data experts included observing the challenges faced by providers and clinicians, standardizing documentation to report findings and identify trends, using data analytics to formulate hypotheses, and fostering trust and momentum by starting with smaller, more quickly addressed issues.
KLAS Change Management Executive Forum
Meg Johnson, Senior Managing Consultant, Care Operations
The KLAS Change Management Executive Forum addressed the challenges healthcare organizations face during change, highlighting the need to prioritize people over processes. Attendees emphasized cultural readiness and stability during change. They agreed on a framework for successful transformation, focusing on preparation, project rollout, and long-term sustainability. Recommendations also included a centralized owner for change management to ensure clear communication and prevent mixed messages across teams.
CX Exchange and CHIME Fall Forum
Tye Cook, Senior Executive Director, Access Transformation
The CX Exchange and CHIME Fall Forum highlighted technology’s crucial role in shaping the future of healthcare alongside a people-first approach. The primary goal is to align technology with human experience for more efficient, secure, and compassionate care. Cloud adoption, cybersecurity measures, AI, and data-driven insights were discussed as key opportunities. When implemented with a people-first approach, these tools help attract and retain top talent while building patient loyalty for long-term value.
2024 KLAS Digital Health Investment Symposium
Peter Bonamici, Senior Vice President, Revenue Cycle + Experience
This event encouraged discussions on AI transparency, security, and aligning operations with technology for better outcomes. AI is moving from initial hype to more narrow and practical use cases with established cybersecurity practices. Security is also evolving with an increasing urgency to plan for unforeseen events. Recommendations included streamlining operations, reducing technology redundancies, and developing strategic partnerships for adaptive strategies that provide quick responses and minimal disruption.
We look forward to seeing you in 2025, whether at HIMSS ’25, ViVE ’25, IPMI Healthcare Finance Institute, MUSE Inspire, or another healthcare event.