Financial terms of the deal were not disclosed, but the new venture, which has been in the works for years, will use AI tools in an attempt to better triage patient care.
The findings published in Health Affairs suggest why some ER groups resist coming in-network with insurers: They stand to collect more in revenue if they stay outside a network, posing a financial risk to patients.
Microsoft has had a relationship with Nuance since 2019, but permanently marrying Nuance — and its provider and vendor relationships — greatly expands the software giant's reach in the healthcare space.
Hospitals are now required to publicly post the prices they negotiate with insurers online, but noncompliance is common. A bipartisan group from the House voiced their discontent in a letter to HHS Secretary Xavier Becerra.
The 2% cuts were first put on hold more than a year ago through federal coronavirus relief legislation. To pay for the extension, the new bill states the cuts will increase in 2030.
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