Complete HealthCare Solutions, Inc. has announced the acquisition of PDQ Billing Services, Myrtle Beach, South Carolina. Founded in 1993, PDQ Billing Services provides revenue cycle management and credentialing services to the ambulatory healthcare segment. Complete HealthCare Solutions, Inc.'s offering includes a robust set of clinical and financial solutions supporting the full scope of care delivery processes — including Revenue Cycle Management Services, Credentialing, Patient Pay Solutions,
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Revenue Cycle Management Market
R1 Acquires Intermedix Corporation for $460M to Expand End-to-End RCM
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced a definitive agreement to acquire Intermedix Corp (Intermedix), including its healthcare division comprised of its physician and EMS RCM, practice management and analytics businesses, in a transaction valued at approximately $460 million.Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual
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Mediware Acquires Revenue Cycle Management Solution MEDTranDirect
Mediware Information Systems, Inc.announced it has acquired MEDTranDirect, a revenue cycle management solution and an approved network service vendor for Medicare. For Mediware, the acquisition complements the revenue cycle management and Medicare claims capabilities in Mediware’s home care market solution, Kinnser Software, while simultaneously leveraging Mediware’s heritage of supporting data-driven clinical excellence and improving efficiencies in administrative workflow.MEDTranDirect’s
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Healthcare Revenue Cycle Management Software Market to Reach $43.3B by 2022
The global market for healthcare revenue cycle management software is estimated to reach $43.3B by the end of 2022, increasing at a compound annual growth rate (CAGR) of 6.9%, according to a recent report by Future Market Insights (FMI). The report anticipates the market-to-market positive growth over the coming years, on account of the increasing cumulative patient revenue, improvement payment collection & billing efficiency and recognition of profit . From hospitals to independent
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3 Healthcare Revenue Cycle Management Drivers to Watch in 2018
One ageless trend emerging for 2018 is the quest of hospitals, larger carriers and clinics to identify new revenue streams; not just managing revenue cycles, but creating them. The healthcare industry is now looking at revenue which can be generated through the interoperability of Annual Wellness Visits (AWV), chronic care and service care transitions between physical and behavioral health services.Hospital systems and other healthcare facilities that can connect these services with technologies
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Navicure Merges With ZirMed to Accelerate Innovation in Revenue Cycle Management
Healthcare revenue cycle companies Navicure announced today that it has combined with ZirMed, effectively uniting two top-performing revenue cycle management solutions for the healthcare industry. The combined company will serve more than 400,000 providers and healthcare organizations and will be ideally positioned to further accelerate innovation in the industry by leveraging cloud-based solutions to help empower providers across all care settings to efficiently collect for the quality care and
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Ontario Systems Acquires Rev Cycle Provider Columbia Ultimate Business Systems
Ontario Systems, a provider of revenue cycle management (RCM) and accounts receivable management (ARM) software and services provider has acquired Columbia Ultimate Business Systems (CUBS™). Based in Vancouver, WA, Columbia provides software and services to outsourced revenue cycle management (RCM) and accounts receivable management (“ARM”) firms as well as government clients. The acquisition will benefit both organizations’ customers through expanded product offerings and access to an even
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Revenue Cycle Management Market to Reach $40.4B by 2021
The revenue cycle management market currently valued at $20.5 billion is estimated to reach $40.4 billion by 2021, at a developing CAGR of 12.0% from 2016 to 2021, according to a new report from MicroMarketMonitor. Revenue cycle management starts when a patient enters the hospital, thereby automating business processes and leading to speedy follow ups, which encompasses patient and payer follow-ups. Errors in revenue cycle management results in between a 3% to 5% loss of revenues in
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