On Tuesday, R1 RCM announced the grand opening of its new Salt Lake City Technology and Innovation Center in collaboration with Intermountain Healthcare. This state-of-the-art facility will be the first of its kind to test and develop new technology to redefine the healthcare revenue cycle process and the patient financial experienceThe grand opening event brought together R1 and Intermountain Healthcare leaders, community business leaders, and local nonprofit organizations for a ribbon cutting,
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Dassault Systèmes Acquires Clinical Trial Platform Medidata for $5.8B
French technology giant Dassault Systèmes has agreed to acquire Medidata, a life sciences digital transformation company in an all-cash deal for $92.25 per share valued at $5.8 billion. With the acquisition of Medidata and its clinical and commercial solutions, Dassault Systèmes plans to increase market penetration into the Life Sciences industry with an integrated business experience platform for an end-to-end approach to research and discovery, development, clinical testing, manufacturing and
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Revenue Cycle Startup Nym Lands $6M for Autonomous Medical Coding Solution
Nym, an Israeli-based autonomous medical coding technology provider announced that it has secured a $6 million seed funding, led by Bessemer Venture Partners. Founded in 2018 by Amihai Neiderman and Adam Rimon, Nym’s automatic medical language understanding technology streamlines the hospital revenue cycle.Traditional Cumbersome Medical Coding ProcessThere are over 250,000 medical coders in the United States today manually reviewing patient charts and assigning the applicable medical codes
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How Hospitals Can Improve Patient Flow Through Location-Aware Healthcare IoT
Nearly every healthcare setting wants to improve their patient flow.Overcrowded emergency rooms. Convoluted surgery schedules. Clunky patient handoffs between departments. Delayed discharges. Ambulance diversions. Long wait times for care or, even worse, patients abandoning treatment due to long wait times.Disruptions in the patient flow need to be taken seriously.But what kind of data do hospital administrators need to make informed changes to their patient flow and where do they find it?Rich,
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NextGen Healthcare Launches Behavioral Health EHR to Streamline Patient Data
With the prominence of behavioral health epidemics in the U.S., it’s imperative that physicians have easy access to a single record of physical and behavioral patient data to streamline data collection and improve treatment decisions. This week, NextGen Healthcare has launched its Behavioral Health Suite, a comprehensive electronic health record (EHR) solution that gives providers access to a single, integrated physical and behavioral health record to treat patients.Impact of Behavioral Health
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3 Things Patients Want From Their Healthcare Financial Experience
Joe Polaris, Senior Vice President of Product and Technology at R1 RCM,
In most healthcare organizations, basic automation is used to complete individual revenue cycle tasks. Seldom, however, is technology used to optimize entire revenue cycle management (RCM) processes and improve the patient financial experience.
The situation is dramatically different outside of healthcare in industries that have long competed for direct consumer dollars.
To book an airline flight, for example, consumers
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Cerner Launches 2019 code App Challenge to Advance Consumers’ Access to EHRs
Cerner is challenging innovators and application developers to advance consumers’ access to electronic health records (EHRs) with the 2019 code App Challenge. Participants will join Cerner’s pursuit of the next groundbreaking advancement, with a focus on helping consumers easily access and understand health records.2019 Cerner code App Challenge Rules & RequirementsWith the 2019 code App Challenge, Cerner encourages innovators to build apps on its industry-leading platforms that further
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(UVM) Health Network Signs 10-Year Agreement With Philips to Create Consistent Patient Experience Across Network
The University of Vermont (UVM) Health Network, a leading provider of quality care has signed a 10-year strategic partnership agreement with Philips. The partnership, which extends an existing relationship between the two organizations will help support staff in providing high-quality care and advance efforts to improve the health of the population in Vermont and Northern New York.Why UVM Health Network Selected PhilipsThe UVM Health Network provides high-quality care for patients on both sides
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Welkin Health Lands $17.5M for Patient Relationship Management Platform
Welkin Health, a digital health company based in San Francisco has raised $17.5M in Series B funding led by Altos Ventures. Existing investors, Thrive Capital, Red Swan Ventures, and Asset Management Ventures also contributed to the round, which brings Welkin’s total funding to $30 million to date. The company plans to use that latest round of funding to expand operations and its business reach.
Helping Care Teams Have Meaningful Relationships With Their Patients
Founded in 2013, Welkin’s
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Medically Home Group Nabs $10M for Scalable, Virtual Hospital Platform
Medically Home Group, Inc., a Boston, MA-based technology-enabled services company has raised $10 million in Series B funding led by Cardinal Health and other investors. This strategic investment for Medically Home from Cardinal Health and other investors illustrates the rapid movement in the market for innovative value-based models. The company plans to use the latest round of funding to support scaling efforts and to realize a common vision of enabling cost-effective, patient-centric
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