What You Should Know: - CodaMetrix, an AI technology platform transforming healthcare revenue cycle management, today announced that it closed a $55 million Series A round led by SignalFire. Frist Cressey Ventures (FCV), Martin Ventures, Yale Medicine, University of Colorado Healthcare Innovation Fund, and Mass General Brigham physician organizations also participated in the round. - The capital injection will accelerate go-to-market with major provider organizations and health systems, as
Read More
Hospital CFOs
Top 5 Concerns for Hospital CFOs in 2015
Continued meaningful use expenses for EHR, HIE, analytics, portals and mobile apps are hitting today's hospitals hard as changes in payment models based on patient compliance, pricing transparency, and population health demand even more capital. For chief financial officiers (CFOs) working at hospitals that are struggling financially, the outlook looks increasingly bleak. According to a recent Black Book report, 94 percent of hospital CFOs self-identified as “struggling”, reported that delayed
Read More
Report: 61% of Struggling Hospital CFOs Expect to Be Fired by 2016
61 percent of hospital chief financial officers (CFOs) and business managers in "struggling" hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle management software, staff, and solutions were powerlessly stuck in fee for service mode too long. CFOs self identified as "struggling financially" believe they must
Read More
