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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price transparency
Adobe, Change Healthcare and Microsoft Launch Consumer Healthcare Platform
What You Should Know:
- Collaboration with Adobe and Microsoft creates a unique, scalable, and more secure consumer solution to address rising demand for more transparent and streamlined healthcare experience.
- The Connected Consumer Health™ suite is delivered in a software-as-a-service model, with speedy deployment, no hardware to procure, and minimal IT resources required for customers to access and use the platform.
Today Change Healthcare unveiled the
Connected Consumer Health
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3 Ways to Build a Back-to-Basics Approach to Revenue Cycle Management
Sixty-nine percent of healthcare revenue cycle leaders say they will put more money toward technologies that boost revenue integrity, eliminate human error and unlock greater efficiency in the year ahead, an HFMA/Navigant analysis found. But for many organizations, the biggest untapped opportunity to improve performance comes down to a single word: data.
For all the buzz at about the ways in which digital innovation and automation could transform revenue cycle management, healthcare
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RCM: Boosting Practice Revenue Through Patient Financial Clearance
Medical practices have to balance many things. But one of the biggest balancing acts, which often gets overshadowed by patient care, involves keeping finances in the black, by ensuring revenue cycle management (RCM) flows smoothly. Whether practices are solo independent ventures or large, multi-specialty networks, the struggle is real.
When we discuss the most impactful ways to keep a practice’s bottom line in check — and keep the revenue cycle healthy — most people think of back-office
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Revenue Cycle Startup Rivet Lands $8.25M to Expand Price Transparency Platform
What You Need to Know:
- Revenue cycle management startup Rivet raises $8.25M Series A funding to expand its healthcare price transparency platform.
- The price transparency platform enables providers to give patients upfront pricing with the ability to pay prior to care via text while at the same time helping providers navigate the complex process that grants “in-network” status with insurance companies.
Rivet, a Salt Lake City, UT-based modern healthcare revenue cycle management
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Hospitals Are Failing to Meet New Moms’ Expectations for Digital Health, Xealth Survey Finds
What You Need to Know:
- Hospitals are failing to meet new moms’ expectations for digital health services from their healthcare providers, according to a new Xealth survey.
- Conducted among nearly 1,000 U.S. women who are new or expectant mothers, a majority (53%) who are familiar with digital health see online information as a key factor in choosing a hospital.
Xealth, a Seattle, WA-based provider enabling digital health at scale, announced recent survey findings that examine the
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Waystar Launches AI/RPA Platform to Automate Revenue Cycle Processes
- Waystar Launches Hubble, an artificial intelligence and automation platform, Hubble that automates revenue cycle processes to help providers collect payment faster and more effectively.
- The platform uses AI to help providers fix outdated and inefficient billing processes -- helping hospitals that are struggling financially, as well as helping patients avoid issues like surprise medical bills, by improving accuracy and price transparency.
Waystar, a Chicago, IL-based provider of
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How Software Solutions Can Help ASCs Maximize the Revenue Cycle in 2020
In the modern health care environment, health care executives must be careful custodians of precious resources. Yet in December 2018, 26 percent of hospitals still lacked an effective healthcare revenue cycle solution. Other research has found that over 60 percent of hospitals and health systems are not realizing optimal value from their electronic health record (EHR ) system, causing the organizations to collaborate with other vendors and outsourcing companies to improve revenue cycle
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Executive Insights: Top Healthcare Predictions & Trends to Watch in 2020
As we close out the year, we asked several healthcare industry executives to share their predictions and trends for 2020.
Robbie Hughes, Founder, and CEO, Lumeon
“Following the announcement of the Trump administration's price transparency requirement – and the ensuing backlash from hospital groups – the issue of price transparency will dominate the healthcare industry next year. Regardless of the outcome of the lawsuit, I expect we'll see more attention around the importance of the
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DrFirst’s Patent-Pending AI-Based Tech Solves Major Hurdles to Medication Reconciliation
- DrFirst announced a pending patent for AI technology today that breaks down the “prescription language barriers” between different EHRs – a crucial step in the process to avoid adverse drug events – solving a once intractable problem faced by hospitals. - The new U.S. patented tech uses an advanced approach for applying AI to unstructured medical information to process free text into appropriate data fields of the EHRs, infer missing prescription elements based on context, and convert free
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