<p>Industry Leaders Call for AI Vendors to Address Critical Gaps in Solutions Before Pitching to Health Systems</p>

<p>The <strong>Behavioral Health Tech 2024 (BHT2024)</strong> conference is a premier event dedicated to advancing access to mental health, substance use, and intellectual and developmental disability (IDD) care through technology, health equity, and innovation. Scheduled for <strong>November 5th to 7th, 2024</strong>, the conference will be held at the <strong>Arizona Biltmore, LXR Hotels &amp; Resorts</strong> in Phoenix, Arizona.</p>

Survey reveals attendees are postponing AI and IT initiatives as budget constraints shift focus to internal system challenges, with unproven AI tech viewed as a high-risk purchase before 2026

Black Book Research, recognized for its unbiased, crowdsourced insights into the physician technology and managed services sectors, highlights the 2024 vendors who earned top awards for customer experience and user satisfaction in medical practice management.

Over 900 healthcare technology experts identified key data systems that fail to deliver ROI and siphon funds from providers after implementation. In 2024, U.S. respondents reported that compounding inefficiencies, system downtimes, and ineffective health IT integration have driven total industry losses to over $8 billion annually, a sharp increase from $1.7 billion in 2017.

For over a decade, more than 6,000 professionals in hospital materials management and purchasing have taken part in the annual supply chain IT user surveys, as significant challenges push providers to innovate their technologies in order to sustain health system viability.

Hospitals are not just outsourcing procurement but also forming deeper strategic partnerships with GPOs. These partnerships go beyond price negotiation to include strategic planning, supply chain optimization, and long-term cost-saving initiatives.

This week's HFMA Annual Meeting's Exhibit Hall features 24 of the top-performing finance and revenue cycle management (RCM) solutions, as identified by the latest Black Book Research user survey. Attendees can expect to see the standout solutions that have been recognized for their exceptional performance, ROI, client experience, loyalty, and satisfaction.

More Than 5,000 Health Plan IT Clients Evaluate 400 Software Firms, Advisors, and Service Vendors Across 35 Operational Areas in 15th Annual Payer Survey on Customer Experience and User Satisfaction

Significant efforts lie ahead, as the Black Book survey reveals that only 37% of medical practice respondents are receiving value-based care (VBC) payments from upside-risk arrangements and shared savings, while 12% receive payments from full risk. The remaining halfcontinue to rely on Fee-For-Service payments.

The operating margins of US rural and critical access hospitals have radically decreased, leaving these challenged institutions in a financially precarious position to tackle the high tech demands currently faced by healthcare sector providers.

Surveyed providers endorse NextGen Healthcare PM Solutions to meet the challenges surrounding increasing administrative burden, shrinking labor pools, telehealth, and continued reimbursement pressures.

Nuance Communications maintains the highest industry client satisfaction ranking for informatics in the competitive mid-RCM market with top customer-rated speech recognition, computer-assisted medical documentation, clinical coding and revenue integrity, and artificial intelligence tools.

Alleviating the administrative burden on providers and health systems, AQuity recognized once again for helping providers focus on patient care.

Four thousand healthcare solution users rated user experience among the top-performing category vendors in the 22 HIM-focused customer satisfaction surveys.

The market research and data platform company also ranked in the top 15 of the list's healthcare industry services firms for three-year growth.

Black Book™ Research recognizes AQuity Solutions as the best overall outsourced coding partner highlighting quality and scalability through global resources, as provider organizations struggle with staffing and financial challenges.

Black Book Research estimates the North American market for home care software and IT services market in Q2 2023 has reached $3.2 billion and is anticipated to grow at a CAGR of 20% during 2023-2033.

Black Book Research acknowledges the top-performing hospital technology companies within various clinical market segments based on the industry's largest client survey of inpatient providers at the Healthcare Information Management Systems Society annual conference in Chicago this week.

The 2023 demand for robust physician practice management tools is fueled by the challenges surrounding increasing administrative burden, shrinking labor pools, and continued reimbursement pressures.

Black Book™ Research recognizes AQuity Solutions as the best overall outsourced document capture solutions provider for their virtual scribe and medical transcription solutions, reducing documentation time and alleviating administrative burdens for providers and their care teams

Three thousand healthcare solution users rated Nuance, Aquity Solutions, Redox, Optum360, Streamline, CorroHealth, 3M, PatientTrak, Docuware, AGFA, Verisma, Harmony Healthcare IT, and Revecore among the top-performing category vendors in the 2022 customer satisfaction surveys.

The sweeping annual survey gathered responses from 2,906 advisory firm clients representing fourteen hundred provider and payer engagements between 2019 and 2022.

Seventy-one electronic medical record and healthcare information technology vendors were graded on meeting buyer expectations, achieving ROI, solving country-specific connectivity issues, and accomplishing patient data improvement goals.

Tampa, Florida-based Black Book Market Research LLC makes the coveted Inc. 5000 list for the 5th consecutive year in the rankings due to extraordinary year-over-year revenue growth

Finvi achieved highest client experience and customer satisfaction ratings, excelling over competitors

Over 900 hospitals and inpatient organizations and 4,000 physician practices were represented in the sweeping Q1-Q2 2022 series of financial management IT user polls, as daunting challenges are forcing providers to advance their technologies to maintain solvency.

Black Book Research estimates the North American market for post-acute software and IT services market in Q2 2022 has reached $3.0 Billion and is anticipated to grow at a CAGR of 17% during 2022-2032.

One thousand seven hundred and forty-two EHR users in community hospitals weigh the key performance indicators of trust, accountability, transparency, and ethics as most important in 2022's unifying, cloud-based EHR vendor selections.

This is the fourth consecutive year Modernizing Medicine has received the highest satisfaction and loyalty industry award from surgical specialist practices nationally.

Seventy-six percent of independent specialists agree that specialist-specific EHRs will position them best for value-based reimbursement

Nearly 4,000 executives, professionals and consultants from healthcare providers, payers, vendors, advisory firms, investment banks and venture capital organizations assessed emerging solutions on their individual ability to contribute to a more integrated, patient-centric, productivity-enhancing HIT ecosystem, and outperform competitors.