According to the 2020 CAQH Index report, an annual report published by the Council for Affordable Quality Healthcare, a study of eight key transactional areas revealed opportunities for cost savings totaling $13.3 billion for medical providers and plans willing to move to fully electronic administrative processes. The CAQH report examined eight key transactions: Eligibility and Benefit Verification, Prior Authorization, Claim Submission, Attachments, Coordination of Benefits, Claim Status
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Health IT | News, Analysis, Insights - HIT Consultant
Allscripts Launches ADP Empower to Amplify Diverse Voices in Health IT
What You Should Know:
- Allscripts announced its team that leads the Allscripts Developer Program (ADP) has launched ADP Empower, a new program designed to amplify diverse voices in the healthcare technology industry and offer valuable resources to underrepresented entrepreneurs to grow their businesses and accelerate innovation.
- The Allscripts Developer Program aims to build a culture of innovation by reducing barriers and risk associated with installing and using innovative healthcare
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TriHealth Taps Olive to Deploy On-Site AI Command Center Across Enterprise
What We Should Know:
- Olive and TriHealth announced their partnership to deploy Olive’s on-site AI command center, the AlphaSite, across TriHealth’s enterprise. The AI investment will begin with automating revenue-cycle related tasks, such as claims status checks while delivering increased ROI to the TriHealth network.
- The AlphaSite program — the creation of an on-site AI command center — allows Olive to take a 360-degree approach to transform the entire
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AASM Develops First Clinical Data Registry for Sleep Medicine
What You Should Know:
- The American Academy of Sleep Medicine (AASM) has developed and launched the first clinical data registry exclusively for sleep medicine.
- The AASM Sleep Clinical Data Registry named Sleep CDR will assist medical staff in streamlining meaningful data collection and reporting to help drive high-quality care in sleep medicine.
- Approved as a Qualified Clinical Data Registry by the Centers for Medicare & Medicaid Services, Sleep CDR will facilitate
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The Future of Revenue Integrity: From Reactive to Predictive – RCM
Healthcare organizations have witnessed an explosion of new opportunities to extract value from the industry’s treasure trove of data in recent years, with success stories related to using advanced technology such as artificial intelligence (AI) and machine learning found in every sector.
Revenue integrity is no exception.
Error-prone manual processes that were formerly characterized by painstaking line-by-line analyses of claims are giving way to automation and analytics that
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Cerner Begins Search for New CEO, Announces Q1 2021 Earnings
What We Should Know:
- On Tuesday, Cerner announced that CEO Brent Shafer and the Board have launched their search for the company’s next CEO. The Board has formed a CEO search committee and has retained a leading executive search firm as part of the CEO succession plan.
- Shafer will continue to serve as chairman and CEO until the Board has identified and appointed a successor, after which he will serve as a senior advisor for one year.
"Cerner is on the right trajectory, with
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Connect America Acquires Royal Philips’ Aging and Caregiving (ACG) Business
What You Should Know:
- Connect America has acquired international healthcare technology leader, Royal Philips’ Aging and Caregiving (ACG) business in a strategic deal that expands Connect America’s customer base and connect care portfolio.
Connect America is an independent provider of medical alert systems in North America and has become known as a leader in technology solutions that help aging individuals and vulnerable populations
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PE Firm CVC Acquires Majority Interest in Icario to Fuel Growth
- Icario, a leading health action company focused on connecting people to health announce that CVC Capital Partners (“CVC”), a leading global private equity firm, has acquired a majority interest in the company through the CVC Growth Partners II fund.
- The news comes at an exciting time for Icario, which rebranded earlier this year following the merger of market leaders Revel and NovuHealth. CVC will help Icario accelerate its business roadmap as it continues to build innovative solutions
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R1 Acquires Patient Financial Engagement Platform VisitPay for $300M
What You Should Know:
- Today R1 announced they will acquire patient financial engagement company VisitPay for $300 million in cash, leading the charge in overhauling the patient experience in the area with the most pain points - from surprise billing to price transparency. The acquisition marks R1’s third acquisition in the last year, transitioning the organization from a revenue cycle management services leader to a leading technology company.
- VisitPay’s cloud-based platform is used by
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Provation Acquires Perioperative Data Management Platform iProcedures
What You Should Know:
- Provation, a SaaS provider of procedure documentation and clinical decision support solutions, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced its acquisition of iProcedures, LLC, a top-rated provider of cloud-based anesthesia documentation and perioperative data management software solutions. Financial terms of the transaction were not disclosed.
- The acquisition further expands Provation’s
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