What You Should Know:
- In the online survey administered to 800 U.S. consumers who had found at least one medical billing error in the last five years, 41% of the consumers are significantly frustrated trying to address billing errors.
- Zelis, a company modernizing the business of healthcare, announced findings from a new study on consumer billing conducted in partnership with Hanover Research, an independent research firm. The full results and insights are featured in the
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Medical Billing | Revenue Cycle | Patient Financial Experience | News, Analysis, Insights - HIT Consultant
Patient Financial Experience: 40% of Americans Confused by Medical Bills
What You Should Know:
- AKASA™, a developer of AI for healthcare operations, released findings from a new survey conducted on its behalf by YouGov.
- The survey findings highlight uncertainty looms among patients about what is included in a bill and if they can pay - two factors that drive the most confusion on medical bills. However, there are strategies healthcare organizations can take to be proactive and prevent billing surprises from trickling down to patients.
Understanding
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AdvancedMD to Roll Out 35+ Updates in Major Product Release
What You Should Know:
- AdvancedMD announced its 2022 Fall product release that includes 35 new features added to its suite of all-in-one medical office and remote care cloud software. This marks one of the largest product release updates in AdvancedMD history, reflecting the robust nature of the leading cloud-based platform used by more than 40,000 practitioners across 13,000 practices, and 850 medical billing companies.
- AdvancedMD’s fall release ensures more unified and smoother
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WELL Health Acquires EMR, Billing, Clinical Assets from CloudMD for $5.75M
What You Should Know:
- WELL Health is acquiring CloudMD's Cloud Practice entity which includes OSCAR1 based Juno EMR and ClinicAid billing Software applications as well as three primary care clinics located in the province of British Columbia.
- The combined entities serve more than 2,500 healthcare practitioners across Canada and represent WELL's entrance in the Alberta and Saskatchewan markets for its EMR and billing products.
Leveraging Technology to Empower Healthcare
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Modernizing Medical Payments: Why Providers Must Enrich the Patient Financial Experience
Medical billing issues cause many consumers to shop for different providers. Customers expect a simple, automated billing experience. Insider Intelligence’s recent Spotlight on Modernizing Medical Payments looks at what drives consumers away from their medical providers, and what providers can do to modernize their billing processes.
Incorrect or Confusing Bill Cause Patients to Leave Their Doctors
According to a December 2021 report on Patient Payment Technology, 64% of respondents
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Top 9 Most In-Demand Medical Billing/Revenue Cycle Positions
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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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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