Most Chief Financial Officers (CFOs) have limited confidence in the capabilities of their planning and analytical tools, according to Kaufman Hall’s recent CFO Annual Survey. Most organizations are leveraging a combination of tools, including Excel and BI, with varying degrees of success.In order to strengthen their hand, Kaufman Hall introduced today two new products, Strategy Management and Comparative Analytics, to its Axiom Healthcare Software Suite.Axiom Strategy Management provides a
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
R1 RCM Inks 10-Year Contract with Amita Health for End-to-End Revenue Cycle Management
R1 RCM, a provider of revenue cycle management (RCM) services, today announced it has inked a 10-year agreement with AMITA Health, the largest health system in Illinois to provide end-to-end revenue cycle management (RCM) services across AMITA Health’s acute care hospitals and physician care settings. Formed by Adventist Midwest Health and Alexian Brothers Health System in 2015, Amita Health has 19 hospitals and more than 230 sites of care with with approximately $4 billion in annual net patient
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Baker Tilly Launches Revenue Cycle Innovation Center to Optimize Revenue Cycle Operations
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm, today announced a collaboration with Datawatch and Tableau to launch the Baker Tilly Revenue Cycle Innovation Center (RCIC). The RCIC is an end-to-end service offering assists healthcare organizations by providing clear visibility into actionable data for maximizing and managing revenues encompassing all aspects of revenue cycle data analysis, from self-service data preparation to
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Change Healthcare Launches Front-End Denials Management Tool for Providers
Change Healthcare today unveiled a new technology that helps providers reduce one of the leading causes of claim denials. Assurance Attach Assist™, a module of Change Healthcare Assurance Reimbursement Management™, now anticipates what documentation a payer—including Medi-Cal and seven other payers—may require to help prevent the denial of a claim due to lack of documentation. The result: Providers can now use Assurance Attach Assist’s automation as a tool to proactively decrease
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Extreme Networks Launches AI-Powered Edge Network Solution For Healthcare Environments
From the diverse users passing through a healthcare setting to the patient-critical devices connecting to the network, healthcare environments are increasingly complex. Hospitals become more challenging when you consider wired legacy devices with subpar security systems.To address the growing need for intelligence, adaptability and security at the edge, Extreme launched Smart OmniEdge to deliver a consistent customer-driven experience via the flexibility of an on-premise deployment or
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Innovaccer Unveils Financial Analytics Solution For Hospitals and Health Networks
Innovaccer, a San Francisco-based healthcare data platform company, has announced the launch of its financial analytics solution for hospitals and health systems. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph.As healthcare providers delve deeper into evolving
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Capturing Patient Experience: Current Challenges & Future Needs Report
Today’s healthcare organizations (HCOs) are under increasing pressure to develop effective models for capturing patient experience data for quality performance scores, as the recent CMS 2019 policy changes made clear when they adjusted the weightings for Star Ratings measures. This in turn is motivating executives to gather data about the patient experience in real-time and not retrospectively, in theory enabling them to adjust policies and practices more effectively. However, they are likely to
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Medalogix Deploys New Predictive Analytics Predictive Analytics for Home Health Utilization
Nashville-based healthcare data science company, Medalogix, announced today its newest product, Medalogix Care. This home health utilization management solution leverages predictive analytics and optimization technology to provide guidance on patient care plans to healthcare providers, based on the historical analysis of millions of patient records, care plans and outcomes. The announcement comes after Vanderbilt University Medical Center’s Health Economists peer-reviewed Medalogix’s models and
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Mayo Clinic to Explore Use Cases of Blockchain-based EHRs
Medicalchain, a UK-based startup using blockchain technology to secure store EHRs securely has signed a joint development agreement with Mayo Clinic to explore the value of blockchain in healthcare. As part of the joint development agreement, both organizations will work together to develop use cases utilizing blockchain-based EHRs. This agreement comes after months of discussions between Mayo Clinic and Medicalchain on the potential benefits blockchain technology can bring to
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DrChrono EHR Integrates with Square to Enable Physician Payment Processing
DrChrono Inc., the company enabling the medical practice of the future, today announced a new integration with Square that incorporates payment processing into the DrChrono EHR cloud-based platform, enabling physicians to collect patient payments much faster and more easily. The DrChrono/Square integration enables medical practices to accept and save a patient’s debit and credit card information directly within the DrChrono EHR and OnPatient patient portal. Patient payments can be collected
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