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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant

Omega Healthcare Expands Microsoft Collaboration, Launches 20+ AI Solutions to Transform Revenue Cycle Management

by Fred Pennic 07/14/2025 Leave a Comment

Omega Healthcare Expands Microsoft Collaboration, Launches 20+ AI Solutions to Transform Revenue Cycle Management

What You Should Know:  - Omega Healthcare, a provider of technology-enabled Revenue Cycle Management (RCM) services, today announced an expanded collaboration with Microsoft.  - Through the integration of Microsoft Azure's cutting-edge AI models via Azure AI Foundry and the company's proprietary Omega Digital Platform (ODP), Omega Healthcare has launched more than 20 generative and agentic AI solutions designed to enhance healthcare organizations' revenue cycle operations and
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5 Trends Reshaping Radiology RCM in 2025: AI, Automation, and The Road Ahead

by Rob Carfagno VP, Radiology Operations XiFin 07/08/2025 Leave a Comment

5 Trends Reshaping Radiology RCM in 2025: AI, Automation, and The Road Ahead

Artificial intelligence (AI) is transforming radiology practices through improved diagnostic accuracy, efficiency, and patient care. Just as it analyzes images for subtle patterns and anomalies, AI is emerging as an essential tool for streamlining billing, increasing efficiency, and maximizing collections.  CEOs, CFOs, practice managers, billing leaders, and practice owners must stay ahead of emerging trends to remain competitive, efficient, and profitable. Every radiology practice
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Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations

by Fred Pennic 06/24/2025 Leave a Comment

Abridge Secures $300M to Embed Revenue Cycle Intelligence into Clinical Conversations

What You Should Know:  - Abridge, a generative AI platform for clinical conversations secures $300M in Series E funding led by Andreessen Horowitz (a16z), with participation from Khosla Ventures.  - The new capital will accelerate the company's efforts to transform the way care is delivered, documented, and reimbursed, starting at the point of care. Tackling Healthcare's Administrative Burden at its Source Every year, the U.S. healthcare system spends nearly $1.5 trillion
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The End of Manual RCM? How AI is Automating Claim Remediation

by Jai Pillai, COO of Red Sky Health 06/24/2025 Leave a Comment

The End of Manual RCM? How AI is Automating Claim Remediation

In the complex and often frustrating world of healthcare billing, claim denials, underpayments, and repeated resubmissions are among the most persistent and costly challenges faced by providers. The process is time-consuming, error-prone, and resource-intensive which results in wasted time and detracts from patient care. Fortunately, advanced machine learning (ML) and artificial intelligence (AI) are transforming this process, by helping providers reduce the time, cost, and frustration
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PE Firm Harvest Partners Invest in RCM Company Med-Metrix

by Fred Pennic 06/24/2025 Leave a Comment

PE Firm Harvest Partners Invest in RCM Company Med-Metrix

What You Should Know:  - Med-Metrix, LLC, a provider of technology-enabled Revenue Cycle Management (RCM) solutions has received a significant growth investment from funds managed by Harvest Partners, LP (“Harvest”).  - The investment, made in partnership with Med-Metrix's management and its prior owner, A&M Capital (“AMC”), will support the company’s next phase of development. AMC to Retain Minority Investment The company’s management team, led by CEO Joseph Davi, will
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HFMA25: FinThrive Launches New AI Platforms to Stop Revenue Leakage

by Fred Pennic 06/23/2025 Leave a Comment

FinThrive Launches New AI Platforms to Stop Revenue Leakage

What You Should Know:  - FinThrive, a healthcare revenue management SaaS provider, today announced the launch of FinThrive Fusion™, the first dynamic intelligence platform purpose-built on a modernized data fabric to power the future of revenue cycle management (RCM) innovation.  - The company also announced the launch of FinThrive Denials and Underpayments Analyzer, a next-generation analytics solution powered by the new platform. Introducing the Denials and Underpayments
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Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

by Fred Pennic 06/23/2025 Leave a Comment

Knowtion Health Acquires Switch RCM to Enhance AI-Powered Revenue Recovery Solutions

What You Should Know:  - Knowtion Health, a healthcare revenue cycle company, has acquired Switch RCM, a data- and technology-first company that uncovers and resolves overlooked reimbursement opportunities through intelligent automation and data-driven innovation.The financial terms of the transaction were not disclosed. - The combination of Knowtion and Switch RCM is designed to address the growing challenges faced by health systems, including increasing payer complexity, shrinking
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Huron to Acquire Revenue Cycle Consulting Firm Eclipse Insights

by Fred Pennic 06/20/2025 Leave a Comment

Huron to Acquire Revenue Cycle Consulting Firm Eclipse Insights

What You Should Know:  - Huron has entered into an agreement to acquire Eclipse Insights, a revenue cycle consulting firm dedicated to helping healthcare organizations maximize revenue and improve cash flow. This acquisition is set to enhance Huron’s ability to drive revenue cycle yield and efficiencies for its clients. - The move comes as healthcare providers continue to face significant financial challenges, including ongoing margin pressures, workforce shortages, declining
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Commure Raises $200M to Accelerate AI-Powered RCM Platform

by Fred Pennic 06/19/2025 Leave a Comment

Commure and HealthTap to Launch Unified Virtual and In-Person Care Solution

What You Should Know:  - Commure, the fast-growing enterprise AI healthcare technology company, today announced it has secured $200M in growth financing from General Catalyst’s Customer Value Fund (CVF). The funding will be used to meet the surging demand for Commure’s full-stack AI platform, which spans revenue cycle management (RCM), ambient AI clinical documentation and workflows, and practice management solutions. - The CVF transaction enables Commure to scale its investment in
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Collectly Launches “Billie,” an AI Agent for 24/7 Patient Billing Support

by Fred Pennic 06/19/2025 Leave a Comment

Collectly Launches "Billie," an AI Agent for 24/7 Patient Billing Support

What You Should Know:  - Collectly, the AI-powered platform reshaping patient billing and revenue cycle management (RCM), today announced the launch of Billie—a breakthrough AI agent for patient billing and RCM. Billie is available to patients 24/7 across chat, email, text, and voice, providing real-time answers to complex medical billing questions and simple, one-click payment options. - The launch comes at a critical time when patients are often overwhelmed by confusing medical
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