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Medical Billing | Revenue Cycle | Patient Financial Experience | News, Analysis, Insights - HIT Consultant

M&A: EverCommerce Acquires Healthcare Communication Platform Updox

by Fred Pennic 12/24/2020 Leave a Comment

EverCommerce Acquires Healthcare Communication Platform Updox

What You Should Know: - Service commerce platform EverCommerce acquires Dublin, OH-based Updox, a healthcare communication platform for in-person and virtual care. -  The acquisition expands EverCommerce’s health services portfolio and enables the companies to further their shared goal of simplifying the business of healthcare and facilitating the growth of healthcare practices. Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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Change Healthcare Launches Solution to Enable Pharmacies to Manage COVID-19 Test Billing

by Jasmine Pennic 09/28/2020 Leave a Comment

Change Healthcare Acquires Credentialing Tech Docufill to Improve Administrative Efficiency

What You Should Know: - Change Healthcare launches a new solution that simplifies billing to bring more COVID-19 testing options to consumers. -  New service enables pharmacies to manage COVID-19 test billing within their traditional Rx claims processes, driving the potential to dramatically expand U.S. testing capabilities. Change Healthcare, announced a new solution, MedRx that makes it easier for consumers to get COVID-19 testing in their local pharmacies. The company’s
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Post COVID-19: Medical Billing Finally Realizes the Value of Text-to-Pay

by Bird Blitch, CEO and co-founder at Patientco 07/06/2020 Leave a Comment

Post COVID-19: Medical Billing Finally Realizes the Value of Text-to-Pay

Contactless payments were on the rise even before COVID-19 hit. But now, health systems should see them as essential. Consumers are increasingly wary of touching a credit card terminal that others have used, a perfect conduit for spreading germs. For consumers, text payments serve as a convenient contactless way to pay, but there are other unique benefits when this method of payment is applied in a healthcare setting. Let’s look at how text payments can fit into a health system’s revenue
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Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience

by Florian Otto, MD, DDS, Co-founder, and CEO of Cedar 06/30/2020 Leave a Comment

Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience

It’s no secret that COVID-19 and the corresponding near-immediate economic catastrophe will be felt for significantly longer than the few short months it took to wreak its initial havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically), hospitals and health systems tasked with treating the victims of this pandemic bear a particularly harsh dose of the financial fallout -- $72 billion in CARES Act hospital grants barely serving as a band-aid to the financial
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DrChrono EHR, Cognition IP Partner to Process 5 Machine Learning-based Patents

by Jasmine Pennic 02/26/2020 Leave a Comment

DrChrono, Cognition IP Partner to Process 5 Machine Learning-based Patents

- DrChrono partners with Cognition IP to draft and file 5 new patent applications related to the company’s core technologies on machine learning. - DrChrono patents aimed at helping physicians interact with data via machine learning algorithms in its open healthcare platform. DrChrono Inc., the company developing the essential platform and services for modern medical practices to make care more informed, more interactive, and more personalized, partnered with Cognition IP, a law firm
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Top 60 Health IT/Digital Health Mergers & Acquisitions in 2019

by Fred Pennic 12/27/2019 Leave a Comment

Kareo Sells Managed Billing Services Business to Health Prime International

- From Google's acquisition of Fitbit to Philips acquisition of Carestream Health's health IT business, here is a look at some of the biggest health IT/digital health mergers & acquisitions in 2019 by each quarter. Q1 M&A Activity Johnson & Johnson Acquires Auris Health for $3.4B to Expand Digital Surgery Portfolio Johnson & Johnson acquiresAuris Health, a developer of robotic technologies for $3.4 billion in cash. Auris Health is a privately-held developer of
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Kareo Sells Managed Billing Services Business to Health Prime International

by Fred Pennic 11/19/2019 Leave a Comment

Kareo Sells Managed Billing Services Business to Health Prime International

- Karo sells Karo Managed Billing services business to Health Prime International, an independent supplier of outsourced medical billing services. - The sale enables Kareo to retain its focus on advancing it's industry-leading cloud-based clinical and business management software platform for both independent medical practices and medical billing companies.Kareo, a provider of cloud-based clinical and business management software for independent medical practices and medical billing companies
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Research: October Health IT M&A Activity, Public Company Performance

by Healthcare Growth Partners (HGP) 11/08/2019 Leave a Comment

Research: October Health IT M&A Activity, Public Company Performance

- Healthcare Growth Partners (HGP) summary of Health IT/digital health merger & acquisition (M&A) activity, and public company performance during the month of October 2019 During the month of October, Health IT continued its evolution into an amorphous market that is increasingly trending away from a specialized niche of healthcare and into a key component of larger sectors such as Enterprise Software, HR Administration, Insurance, Care Delivery, Suppliers, and BioPharma. The
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Report: Poor Digital Experiences Are Driving Consumers to Switch Providers

by Fred Pennic 10/09/2019 Leave a Comment

Report: Poor Digital Experiences Are Driving Consumers to Switch Providers

- Consumer frustration is driving more than 2 in 5 U.S. people to consider switching their providers over the lack of digital engagement.- Outdated provider billing processes and a lack of digital payment options & plans are major contributing factors to late/missed payments, and the overall digital transformation of healthcare administration has been a major sore spot within U.S. healthcar- Younger healthcare consumers are significantly more frustrated, more likely to stop seeing providers
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Simplee Integrates Patient Financial Engagement Platform with Cerner RCM Solution

by Jasmine Pennic 09/23/2019 Leave a Comment

Simplee Integrates Patient Financial Engagement Platform with Cerner RCM Solution

- Simplee integrates their patient financial engagement platform with Cerner’s revenue cycle management portfolio and consumer technology. - The integration makes it simple, efficient for providers to transform medical billing and payments into consumer-friendly experience.Simplee and Cerner Corporation today announced a new relationship aimed at price transparency, convenient billing and personalized payments options for consumers. Healthcare organizations will soon be able to use this
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