Behavioral healthcare is on the precipice of an exciting new frontier. While the sector has been slow to adopt major tech innovations, emerging tools are ushering in unique advantages that allow providers to maximize profit, advance their sector and improve care for patients more than ever before.As a CEO working within the tech and revenue cycle management industries, I listen to the concerns of both insurance companies and healthcare providers to identify trends in behavioral healthcare every
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AHIMA, Artifact Health Team Up for Standardized Physician Query Templates
The American Health Information Management Association (AHIMA) is teaming up with Artifact Health to provide and maintain a comprehensive library of compliant physician query templates. The physician query templates will be utilized within Artifact’s HIPAA-compliant, cloud-based platform. Time Consuming Query Process for PhysiciansTypically, the query process is onerous and time-consuming for physicians. With Artifact Health’s mobile platform, physicians respond to a query compliantly in
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DrChrono Integrates with CoverMyMeds to Expedite Prior Authorization Processing
DrChrono, today announced its expanded partnership with CoverMyMeds to help providers expedite prior authorization processing, gain insight into prescription prices and help patients get the medication they need when they need it.DrChrono/CoverMyMeds Integration DetailsDrChrono’s integration with CoverMyMeds includes:· RxBenefit Clarity - RxBenefit Clarity is a medication decision support platform that displays the most accurate prescription price information at the point of prescribing. This
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Medsphere Acquires ED EHR Provider Wellsoft
Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced the acquisition of Wellsoft Corporation, a Somerset, NJ-based Emergency Department (ED) EHR provider. Wellsoft offers complete information management software for the challenging environment of the Emergency Department to improve operational efficiencies, productivity, care coordination, and revenue in Emergency Departments throughout the
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Survey: Physicians Generate an Average $2.4 Million a Year Per Hospital
Physicians generated an average of $2,378,727 per year in net revenue on behalf of their affiliated hospitals, according to a recent survey. Conducted by Merritt Hawkins, a physician search firm and a company of AMN Healthcare, the survey asked hospital chief financial officers to quantify how much revenue physicians in 18 specialties generated for their hospitals in the previous 12 months. The findings include both net inpatient and outpatient revenue derived from patient hospital admissions,
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Why Hospitals Without Robust Revenue Cycle Support are Losing Millions
A frequent knock on electronic health records (EHRs) has been that they’re just glorified billing systems that fail to provide enough clinical functionality to make a significant difference in the quality of care.So it’s somewhat incongruous that a recent Black Book report on revenue cycle management (RCM) system adoption would say that 26 percent of hospitals don’t have an effective RCM system in place even as virtually all hospitals are using an EHR.How can that be?The explanation for any
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Mon Health Taps PatientMatters to Improve Patient Financial Experience
PatientMatters, a company focused on improving patients’ financial experience while ensuring greater reimbursement for hospitals, today announced that leading PA and WV-based health system, Mon Health, has chosen the company to create a pre-access service system. Specifically, Mon Health will leverage PatientMatters’ new IntelliPass Phase I Advisory Program to improve the patient financial experience and overall collections process.This will enable Mon Health to integrate data and
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XIFIN Expands Patient and Physician Engagement Capabilities
XIFIN announced the expansion of its portfolio of physician and patient engagement solutions with integrated patient responsibility estimation and automated prior authorization capabilities, enabling diagnostic providers to improve their patient experience and physician satisfaction. The new capabilities include a strategic partnership with Glidian that integrates automated prior authorization capabilities with XIFIN’s revenue cycle management and laboratory information system solutions, XIFIN
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Change Healthcare Unveils Claims Lifecycle Artificial Intelligence
Change Healthcare today announced Claims Lifecycle Artificial Intelligence, a new capability being integrated into the company’s Intelligent Healthcare Network and financial solutions, to help providers and payers optimize the entire claims processing lifecycle.Claims Lifecycle AI OverviewThis Change Healthcare Claims Lifecycle AI service is trained on more than 500 million service lines making up over 205 million unique claims that touch $268 billion in charges. The service leverages the
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Providence St. Joseph Health Acquires Blockchain-Powered Revenue Cycle Platform Lumedic
Providence St. Joseph Health, one of the nation's largest health systems, today has acquired Lumedic, a next-generation revenue cycle management platform powered by blockchain technology. Providence St. Joseph Health will be the first integrated provider-payer system to establish a scalable blockchain platform to transform claims processing and enhance interoperability between providers and payers.Optimizing Revenue Cycle ManagementReducing inefficiencies in revenue cycle management (RCM) has
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