The global market for healthcare revenue cycle management software is estimated to reach $43.3B by the end of 2022, increasing at a compound annual growth rate (CAGR) of 6.9%, according to a recent report by Future Market Insights (FMI). The report anticipates the market-to-market positive growth over the coming years, on account of the increasing cumulative patient revenue, improvement payment collection & billing efficiency and recognition of profit . From hospitals to independent
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Health IT | News, Analysis, Insights - HIT Consultant
Major Health Partners to Implement MEDITECH Web EHR
Major Health Partners, a leading healthcare provider for patients from central and southeastern Indiana, today announced that they will extend their 22-year partnership with MEDITECH and implement their MEDITECH Web EHR system. The decision was made after a year-long, detailed assessment of Enterprise Health Record (EHR) solutions available in the marketplaceMajor Health Partners, who partnered with MEDITECH in 1995 to implement the MAGIC platform, was one of the first hospitals in Indiana to
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Change Healthcare Acquires National Decision Support Company
Change Healthcare announced the acquisition of National Decision Support Company (NDSC), a cloud-based solutions that deliver medical guidelines to the point of care through leading electronic health record (EHR) systems. The addition of NDSC accelerates the efforts of Change Healthcare to leverage evidence-based clinical information and next-generation technologies to reduce cost and help ensure appropriate care. Financial terms of the acquisition were not disclosed. NDSC and the Change
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Innovaccer Launches Free Provider Utilization Portal
Innovaccer, a San Francisco, CA-based healthcare data platform has announced the launch of Provider Utilization Portal, a free tool that presents a nation-wide view of healthcare utilization, in-depth analysis of benchmarks, best and worst performing measures for inpatient, outpatient, and SNF services directly linked to the cost incurred on each benchmark- all compared against the national and state benchmarks.Skyrocketing healthcare services costs have made it critical for providers to
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Elsevier Acquires Clinical Decision Support Solution Via Oncology
Elsevier, the information analytics business specializing in science and health, and part of RELX Group, today announced that it has acquired Via Oncology, a Pittsburgh, Pennsylvania-based company that provides clinical decision support and best practices in cancer care management. A former subsidiary of UPMC, one of the nation's leading integrated healthcare delivery and financing systems, Via Oncology helps cancer centers demonstrate the value of their care to patients, referring physicians
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4 Barriers to Implementing Value-based Payment Models
Majority of family physicians indicate their practices participate in value-based payment models and believe value-based payment models will encourage greater collaboration between primary care physicians and specialists, according to a new study. The 2017 Value-based Payment Study was sent to 5,000 active members of the AAFP. A total of 482 surveys were returned, and 386 were evaluated after a screening process. The study found that more and more family physicians are embracing value-based
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Nordic Acquires The Claro Group’s Revenue Cycle Transformation Practice to Expand Beyond Epic Consulting
Nordic, an health IT consulting services firm has acquired the revenue cycle transformation practice of The Claro Group, LLC to expand beyond its Epic-focused consulting business. For Nordic, the acquisition complements Nordic’s foundation as a leader in Epic revenue cycle solutions. Financial terms of the acquisition were not disclosed. As part of the acquisition, Managing Directors Cathy Smith and Shannon Yasseri will continue their roles from The Claro Group leading a complementary set of
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AMGA Appoints Dr. John Kennedy As New Chief Medical Officer
AMGA today announced that John W. Kennedy, M.D., has been named chief medical officer, AMGA, and president, AMGA Foundation. Dr. Kennedy previously served as division director of endocrinology at Geisinger Health System in Danville, PA. Dr. Kennedy is board certified in endocrinology, diabetes, and metabolism. He received his Doctor of Medicine degree from Jefferson Medical College, now the Sidney Kimmel Medical College, in Philadelphia, PA. Since 2007, Dr. Kennedy has served as division
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Is Patient Experience a Catalyst for Payer-Provider Collaboration?
The increased financial responsibility on the part of patients and developing options in telehealth and evidence-based care have made personalized, consumer-friendly information access a growing necessity for both providers and health plans.This shift has incented insurers and providers to collaboratively approach the patient both clinically and as a consumer of care. However, if a collaborative effort based on consumer experience is to work, it’s critical for these healthcare entities to focus
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Livongo, Lilly Team Up on Real-World Diabetes Research
Eli Lilly and Companyand Livongo Health, a consumer digital health company focused on empowering all people with chronic conditions to live better and healthier lives has teamed up on a new strategic collaboration to study real-world evidence and develop new insights to reduce the burden on people living with diabetes.The research collaboration will combine real-world behavioral studies and claims data to advance knowledge about effective interventions in diabetes care. The companies aim to
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