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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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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COVID-19 and Its Global Impact on Primary Care Virtual Consultations
Last week saw Teladoc Health release its 1Q20 financial results giving the US telehealth industry a first glimpse of how COVID-19 is impacting the ambulatory virtual care market. Discussion around the crisis and its impact on telehealth has been rife since early March and the data published by Teladoc Health highlights that this was justified.
The company reported that the number of virtual care consults in the quarter had passed the 2 million mark, up approximately 60% from the 1.24M
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R1 Expands Physician Practice Footprint with District Medical Group
- R1 recently announced an expansion of their revenue cycle management services to the medical group market; it has announced that District Medical Group (DMG) is the first partner in this new offering.- R1 was selected to improve the financial performance, support significant growth and navigate complex payment models, allowing DMG to focus on providing top-quality care to patients while making their organization more nimble, transparent and profitable both in the short and long-term.R1 RCM
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KLAS Names Epic, Pivot Point, Accenture Overall Best in KLAS 2020
- Epic was named the top Overall Software Suite for the tenth consecutive year in the Best in KLAS 2020 Software & Services report. - Pivot Point Consulting, a Vaco Company, was named the top Overall IT Services Firm, edging out last year’s winner, Impact Advisors. - Accenture earned the award of top Overall Healthcare Management Consulting Firm.Today, KLAS Research announced released their annual Best in KLAS Software & Services that recognizes the leading vendors for solutions,
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3 Trends Driving Healthcare Mergers & Acquisitions (M&A) Activity in 2020
Ryan Buckley, Partner at Livingstone Partners
Livingstone’s
Ryan Buckley shares insights behind the prevalent healthcare M&A trends of
2020 and its impact on U.S healthcare.
The New
Year often brings with it an essence of transformation. This year, U.S.
healthcare’s metamorphosis is now more than a decade old, as it continues to
shed its antiquated legacy systems and siloes to embrace a different kind of entity—one
that hopes to establish weight in value-based care at a scale robust
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MTBC Acquires Cloud-based EHR Platform CareCloud
- MTBC acquires cloud-based, practice management EHR platform CareCloud on a cash-free, debt-free basis. - Founded in 2009, CareCloud’s integrated clinical and financial platform technology and its suite of solutions enables clients to increase profitability, streamline workflow and improve patient care outcomes nationwide.MTBC, Inc., a leading provider of cloud-based healthcare IT and revenue cycle management solutions, today announced the closing of its acquisition of CareCloud which provides
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Social Determinants of Health Trends in 2020: The End of the Beginning?
JohnMatthew Douglas, President And Founder at iPressForward, LLC
2020 will mark the end of the beginning of Social Determinants of Health (SDoH).
One would be remiss not to give pause and to consider how much time it has taken to get to this pivotal period in US health and healthcare delivery and, focus on the cornerstone “why” healthcare must, with a fierce urgency, step into the twenty-first century of US healthcare delivery. Meaning, it has taken nearly seventy years to go from the World
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Inaccurate Provider Directories Costs Physician Practices $2.76B Annually
- Providers spend $2.76 billion each year on provider directory maintenance, a new survey by CAQH found. - For individual practices, this intensive process costs $998.84 per month--the equivalent of one staff day per week. That is time and money that most providers can't afford to waste.- CAQH surveyed 1,240 physician practices last month and just released "TheHidden Causes of Inaccurate Provider Directories"-- a new white paper that details the burdens the survey uncovered and what the industry
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Redox, FDB Partner to Enable Interoperability of Critical Patient Medication Information
Redox today announced it has partnered with FDB (First Databank, Inc.) to enable scalability and accessibility of critical patient medication information from FDB’s industry-leading SMART on FHIR® app, Meducation®, now listed in the Epic App Orchard.The Bigger PictureClinicians using Meducation to document a patient’s medication regimen access, generate and review Meducation content at various points within the workflow—including for bedside counseling and at discharge. Using Redox, clinicians
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