Waystar, a provider of cloud-based revenue cycle technology has released an industry survey examining today’s state of the patient financial experience. In the first half of 2019, Waystar surveyed 1,000 consumers about their last hospital encounter and their experience with the hospital business office. The study, "The Patient Financial Experience: Consumer Attitudes and Behavior," reveals that the biggest barriers to a positive patient financial experience are lack of understanding around
Read More
price transparency
DrFirst Integrates with Epic’s Real Time Prescription Benefits Prescribing Workflow
DrFirst, a provider of e-prescribing, price transparency, and medication management solutions announced today that it has entered into an integration agreement with leading EHR provider Epic to make DrFirst’s myBenefitCheck (real-time benefit check) service available to clients in Epic’s RTPB (Real-Time Prescription Benefits) prescribing workflow to help doctors and patients understand the cost of the drugs and drive medication adherence.How myBenefitCheck WorksVia myBenefitCheck, prescribers
Read More
How Can Providers Support Meaningful Price Transparency to Address Consumerism in Healthcare?
The word “consumerism” and its derivatives have been tossed around the broader healthcare industry for the greater part of a decade. How we define consumerism and look at consumer behavior in relation to our institutions, systems, and programs seems key to unlocking the door to better outcomes and higher margins. However, in a landscape with more disruption than ever—greater vertical integration, technology, and regulation—we still lack the answer to these fundamental questions: What do patients
Read More
Revenue Leakage: 3 Methods to Revive Your Charge Integrity Program
Many consider a strong charge integrity program the cornerstone and heartbeat of the revenue cycle. Without an effective charge integrity program, health care providers run the risk of revenue leakage.
According to the Healthcare Financial Management Association, “one percent of net patient revenue is lost due to charge capture errors,” which can add up to multi-millions of dollars for health care organizations. Most providers have not considered or quantified the potential dollars lost when
Read More
DrFirst Structures a New $17M Commercial Financing Facility with SunTrust
DrFirst, a provider of e-prescribing, price transparency, and medication management solutions, announced today that it has structured a new $17 million commercial financing facility with SunTrust Banks, Inc. The financing extends DrFirst’s strategic relationship with SunTrust Banks, a partnership which initially began in 2015.New Funds Will Support Expansion Initiatives in Pharma and Consumer SectorsAs part of an extending financing deal with SunTrust, DrFirst will work to further expand its
Read More
Healthcare On-Demand, Airbnb Style
If healthcare is becoming “cashified” as I previously discussed, and I am buying healthcare services on my own - I want an experience like Airbnb. The realization came on a flight back from San Diego. We had just met with a potential investor who was incredibly interested in our startup, but who ultimately balked when he learned how long it takes health systems to make purchasing decisions. True enough, but a little oblique of our actual business model... Ah rejection, like a pair of fuzzy
Read More
