What You Should Know:
- XiFin, a leader in revenue cycle management (RCM) and billing solutions enhanced with embedded artificial intelligence (AI), today announced a new growth capital investment, as well as the addition of health IT innovator and futurist Jeff Margolis to its Board of Directors.
- The funding round builds on XiFin’s 19% year-over-year growth, driven by client adoption of its flagship next-gen platform, XiFin® Empower, and successful execution of compelling business
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Inovalon and Google Cloud Partner to Launch AI-Enabled Prior Authorization Solution
What You Should Know:
- Inovalon, a provider of solutions that empower data-driven healthcare, has announced a new collaboration with Google Cloud to develop an AI-enabled solution designed to address administrative burdens in the healthcare industry.
- The partnership will combine Inovalon’s extensive data solutions and subject matter expertise with Google Cloud's advanced AI and machine learning capabilities to tackle time-consuming prior authorization processes.
A Vision for
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HGM Limited Acquires Aidéo Technologies to Expand AI-Driven RCM Platform
What You Should Know:
- HGM Limited, a global technology-driven enterprise focused on building AI-driven healthcare services, has announced that its wholly-owned U.S. subsidiary, Healthcare Capital Holdings LLC (HCH), has entered into a definitive agreement to acquire Aidéo Technologies LLC.
- HGM Limited, through its U.S. subsidiary, will acquire 100% of Aidéo Technologies LLC through an equity transaction. The acquisition is expected to close in August, subject to customary
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ZeOmega Partners With Datycs to Optimize Prior Authorization
What You Should Know:
-ZeOmega®, the leading population health management organization, today announced its partnership with Datycs, a leading provider of clinical AI/Natural Language Processing (NLP) solutions, to automate converting unstructured data from faxed documents into standardized, interoperable, and actionable information.
- The collaboration will help health plans garner insights that will drive improvements in member care, provider and payer workflows, and overall
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Innovaccer Launches AI-Powered Prior Authorization Solution: Flow Auth
What You Should Know:
- Innovaccer Inc., a healthcare AI company launches Flow Auth, a new AI-powered prior authorization solution.
- As part of the company's revenue cycle performance platform, Flow by Innovaccer, Flow Auth is designed to automate the entire prior authorization (PA) workflow, helping healthcare organizations accelerate care delivery and optimize revenue capture.
- Innovaccer projects that the solution could lead to a 50% reduction in the time clinicians
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Arintra Raises $21M to Expand Beyond Autonomous Medical Coding
What You Should Know:
- Arintra, a provider of GenAI-native autonomous medical coding, has announced a $21M Series A funding round led by Peak XV Partners, with participation from Endeavor Health Ventures, Y Combinator, and other strategic investors.
- The funding will be used to accelerate product development, grow the team, and establish a new headquarters in the Bay Area to meet rising demand.
Redefining Medical Coding with Revenue Assurance
Healthcare
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How Centralized Patient Access Can Fix RCM and Staff Shortages
Rising operating costs, shrinking operating margins, and a complex payer landscape characterized by heightened prior authorization requirements and a push to embed advanced technology more deeply into the review process have thrown provider finances into turmoil. Exacerbating it all is a chronic and worsening shortage of skilled revenue cycle management (RCM) professionals, including patient access.
Internally, the inefficiencies created by outdated, time-consuming, and
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Rectangle Health& ECHO Health Partner to Automate Claims Payments
What You Should Know:
- Rectangle Health, a recognized leader in healthcare technology solutions, today announced a partnership with ECHO Health, Inc. (ECHO®), a payments company focused on removing complexity, costs, and fraud risk from payment processing.
- This collaboration grants healthcare organizations unprecedented access to automated claims payment processing, Explanations of Payments (EOPs), and posting via the industry’s most comprehensive digital payment
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Frazier Healthcare Partners Sells Elevate Patient Financial Solutions to Audax and Parthenon
What You Should Know:
- Frazier Healthcare Partners (“Frazier”), a private equity firm focused exclusively on the healthcare sector announced the sale of Elevate Patient Financial Solutions (“Elevate” or the “Company”) to Audax Private Equity and Parthenon Capital. Financial terms of the transaction were not disclosed.
- Elevate, headquartered in Spring, TX, is a leading provider of technology-enabled specialty revenue cycle management (“RCM”) services for hospitals and health systems,
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Ledger Lines to Neural Nets: Re-engineering Medical Coding for the GPU Age
In 1971, a small team at Boston’s Beth Israel Hospital, led by Dr. Howard Bleich and Dr. Warner Slack, booted up the hospital’s first Center for Clinical Computing. Their PDP-11 minicomputer stored lab results and a few hundred ICD-8 codes on nine-track tape. Each evening, residents lined up to run charge‐slip reports and marvel at the glow of the terminal. Fifty years later, we still tabulate charges, but the code set has grown from those few hundred entries to nearly 70,000 in ICD-10-CM,
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