Vijay Kotte, EVP of Physician Services at R1 RCM
In COVID-19’s wake, providers’ financial recovery will be crucial yet daunting. U.S. hospitals and health systems stand to collectively lose $36.6 billion between March and June 2020 alone. Physician practices also face serious financial challenges as they recoup revenues that declined up to 55 percent and patient volume that decreased 60 percent.
Amid these hardships, telehealth has emerged as a widely accepted vehicle for care delivery –
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Patient Access in Healthcare | Revenue Cycle Management
Designing A Digital Experience to Drive Revenue and Patient Engagement
Bill Krause, VP and GM, Digital Experience and Consumer Engagement at Change Healthcare
With the rise of healthcare consumerism, people are looking to hospitals, health systems, and physician practices to deliver the same user-friendly, digital experiences they receive from other industries. A recent survey found that more than 80% of consumers surveyed believe “shopping for healthcare should be as easy as shopping for other common services.” Specifically, they want streamlined access points
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T2 Tech Group Acquires Remote Patient Scheduling Service from Revint Solutions
What You Should Know:
- T2 Tech Group, a Los-Angeles based leading IT consulting, advisory, and project management services provider, has just acquired the patient access and scheduling services division from Revint Solutions.
- The coronavirus pandemic has created a vast backlog of
patient appointments and compounded the strain on the healthcare industry. This
acquisition allows T2 Tech Group to implement a comprehensive solution, T2 Flex
Force, LLC, that brings cutting-edge virtual
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How ADT-Based E-Notifications Can Enable Better Safety for COVID-19 Patients
Jay Desai, CEO & Co-Founder, PatientPing
As COVID-19 continues to impact the country, providers across the continuum face new challenges delivering care and ensuring safety for their patients and themselves. During this period, sharing real-time information about patients’ care encounters across provider types and care settings matter more than ever. In particular, hospitals sharing admission, discharge, and transfer (ADT) events with COVID-19 patients’ community-based providers is
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BJC HealthCare Taps Patientco to Provide Seamless Patient Payment Experience
What You Should Know:
- BJC HealthCare has signed an agreement with patient payment platform
Patientco to offer a seamless patient financial experience, helping patients navigate their medical expenses and pay their bills.
- Patientco’s platform provides patients with a single
billing statement outlining their outstanding balance and will help BJC streamline its payment process by reducing the number
of bills associated
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COVID-19: 4 Essential Patient Payment Strategy Components to Accelerate Cash Flow
David Shelton, PatientMatters CEO
In the past few months, the COVID-19 pandemic has shaken societies, economies, and human wellbeing to the core. While protecting public health and welfare are top priorities for hospitals, the harsh reality is that it takes cash to keep the doors open and serve patients effectively. Revenue is down significantly as a result of canceled elective surgeries, while the costs of medical supplies and in-demand personal protective equipment for workers have
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Caption Health Nabs $53M to Commercialize FDA-Cleared AI-Guided Ultrasound Technology
What You Should Know:
- Caption Health raises $53 million series B round to
fuel commercialization and expansion of its FDA-approved AI ultrasound
technology. This is on the heels of its receiving FDA clearance, designated as
a breakthrough technology to fight against COVID-19.
- As ultrasounds, especially cardiac ultrasounds, have
become increasingly important during a time of COVID when resources are
stretched, using AI to help more healthcare professionals take high-quality
images is
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NexHealth Raises $15M to Expand Patient Experience Management Platform
NexHealth, a San Francisco, CA-based patient experience management platform, announced it has raised $15M in Series A funding from some of Silicon Valley’s best investors, including product-driven founders such as Scott Belsky, founder of Behance and Chief Product Officer at Adobe, and mission-driven founders such as Josh Buckley and Naval Ravikant.
Empowering Doctors to Run Thriving Businesses
Patients today spend more out-of-pocket, shop for care, and
have high expectations from their
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72% of Consumers Had First-Ever Virtual Visit During COVID-19 Pandemic
What You Should Know:
- Patient Perspectives on Virtual Care, a new study published today by Kyruus, reveals 72% of consumers had their first-ever virtual visit during the COVID-19 pandemic, and a vast majority would like to continue using it in the future.
- The survey of 1,000 consumers ages 18-65+ takes an
in-depth look at their use and perceptions of virtual care during COVID-19.
A majority of healthcare consumers had their first-ever virtual visit during the COVID-19
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EnsoData Raises $9M to Accelerate Waveform AI Platform for Clinicians
What You Should Know:
- EnsoData announces its official launch and a $9M Series A funding round to accelerate analysis and understanding of human health, starting with sleep disorder diagnoses.
- Using AI, EnsoData’s technology transforms billions of waveform data points (outputs from heartbeats on an EKG, eye movement through an EOG, brain waves through an EEG, etc.) collected from sensors in medical devices and wearables into an easy-to-read report.
- EnsoData saves clinics and
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