A new AKASA survey highlights the vacant roles healthcare CFOs and financial leaders most need talent for to sustain daily operations within medical billing and the revenue cycle. The back office of healthcare is essential to keeping the doors of hospitals open by making sure the bills are paid. Yet, these teams are facing labor shortages like never before. The survey of more than 400 healthcare financial leaders ranked the following as the roles where
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Medical Billing | Revenue Cycle | Patient Financial Experience | News, Analysis, Insights - HIT Consultant
Cedar Launches Cedar Pre to Transform Patient Financial Experience
What You Should Know: - Cedar launches Cedar Pre to deliver seamless and comprehensive healthcare experiences to consumers preparing for care. - By leveraging Cedar’s expanded patient engagement suite, providers can empower patients with unprecedented access and affordability from pre-registration and intake through final payment. Cedar, a New York City-based healthcare financial technology platform built for today’s consumers, today announced the launch of Cedar Pre, an
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Geisinger Unveils AI-Backed, Customizable Approach to Medical Billing
What You Should Know: - Today, Geisinger announced a new AI-backed, customizable approach to medical billing where patients have the power to select zero-interest payment plans that that can be paid over a timeline of their choosing. - The new offering in partnership with fintech startup, PayZen marks Geisinger as the first large health system in the country to deploy an AI-backed financing solution to create customized billing solutions that will help patients more easily afford
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Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking
What You Should Know: - Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices. - Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing companies and medical practices to automate redundant daily tasks
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3 Barriers Stalling AI Adoption in Revenue Cycle Management
AI technology is quickly evolving and already surpassing human decision-making in certain instances; sometimes, in ways, we can’t explain. While many are alarmed by this, AI is producing some of the most effective and dramatic results in business today. Adoption of AI in healthcare is growing, but there are still barriers to overcome AI can be defined in many ways but, broadly, it is the ability of a machine to perform cognitive functions we associate with human minds, such as
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M&A: 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
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
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
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
- 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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