Hatred of billing and payment processes is a time-honored tradition in healthcare. Two of the biggest reasons it’s so frustrating as a patient are the lack of transparency and digital elements that we expect out of any typical consumer experience. R1, a provider of technology-enabled revenue cycle management (RCM) services is working to change this, announcing today its continued expansion into the physician practice market with the addition of CarePoint Health, one of the largest privately-held
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Waystar Acquires UPMC’s Ovation Transaction Services Business for Enhanced Claims Monitoring Capabilities
Waystar(formerly known as ZirMed), a provider of healthcare revenue cycle management services, today announced it will be acquiring a major part of the transaction services technology business of Ovation, a health information management and management cycle solution currently owned and operated by University of Pittsburgh Medical Center (UPMC). Financial details of the acquisition were not disclosed.Ovation Transactions uses advanced algorithms to monitor claims at many health systems and
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Cedar Unveils Next Evolution of Patient Payment Platform to Optimize Revenue Cycle
Cedar, a patient payment and engagement platform, announced the next evolution of its flagship solution, Cedar Pay. The enhancements now allow providers to offer a truly unified patient billing experience and simple checkout options.Healthcare executives still struggle to help patients understand and pay healthcare bills, with 50 percent of provider executives reporting the need to improve the patient billing and payment experience, according to a recent Cedar study. The next evolution of
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Change Healthcare, Amazon Partner to Build Claims & Payment Network
Change Healthcare, today announced that its Intelligent Healthcare Network will now be complemented with a cloud-based network built on Amazon Web Services (AWS). The new cloud-based network infrastructure to promote more efficient, transparent, and secure administrative and financial transactions.As the first stage of a collaborative initiative working with stakeholders across the healthcare ecosystem, the company will deploy this network on Amazon Web Services (AWS). The network will allow the
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Ciox Launches Learning Platform to Train/Assess Medical Coders
Health technology company Ciox, today launches a platform designed to train and assess medical coders, equipping coders with vital education and development opportunities in an academic setting or on the job. Named Ciox HealthSource Gym, it’s a SaaS platform that provides an engaging learning environment of data-rich training and practice scenarios to optimize coding performance.The module sits on top of Ciox’s HealthSource, a clinical data platform that uses the latest interoperability and
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RCM Provider Waystar Acquires Predictive Analytics Company Connance
Waystar, a revenue cycle technology company, today announced its acquisition of Connance, a provider of healthcare predictive analytics. As Waystar became one of the nation’s largest healthcare financial data sources through the merger of Navicure and ZirMed last year, this new acquisition will enable the company to bolster existing end-to-end revenue cycle technology offerings and predictive analytics capabilities to more than 450,000 providers, 22,000 healthcare organizations and 750 health
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Fellow Health Partners Acquires Medical Billing Company Physicians Management, Inc.
Fellow Health Partners, Inc., a New York-based medical business solutions company, today announced its acquisition of Physicians Management, Inc., a long-established medical billing company based in Rochelle Park, New Jersey. Fellow Health Partners expects to continue its rapid growth by combining acquisition of well-respected medical billing companies with its superior technical and customer services for hospitals, medical practices, and ambulatory surgery centers.“Physicians Management has
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Optimizing Revenue Cycle Management – What Will It Take to Get There?
The U.S. healthcare system is undergoing a major transformation, from many freestanding hospitals and individual practices to fewer large, integrated healthcare systems. One motivating factor is the promise of greater efficiencies when it comes to delivering more holistic patient care and improving core operational processes.Revenue cycle management is one process that’s primed for improvement. Poor billing practices can cost hospitals millions of dollars due to lost reimbursement or the
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Revenue Cycle Startup AxiaMed Lands $12.4M for Patient Payment Platform
AxiaMed, a patient payment solution provider has raised $12.4 million in funding from Health Enterprise Partners. AxiaMed credits this investment to rapidly-increasing demand for its proven, secure, SaaS-based payment platform, Payment Fusion. Founded in 2015, AxiaMed’s integrated payments technology platform, Payment Fusion, improves the financial performance of healthcare providers through integration with various revenue cycle, practice management, EHRs and other software systems, enhancing
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Patientco Lands $28M to Reimagine the Patient Financial Experience
Patientco latest Series B funding fuels expansion of patient billing and payments technology platform focused on creating a smarter patient financial experiencePatientco, an Atlanta, GA-based next-generation patient billing and payments technology company has raised $28 million in Series B funding led by private equity firm Accel-KKR. The round also included participation from BlueCross BlueShield Venture Partners / Sandbox Advantage Fund. Patientco plans to use the funding to accelerate expand
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