As we enter into the third year of the global health emergency, the impact on healthcare continues to evolve. With the ever-changing landscape, comes an opportunity to reflect, learn, and adapt to the times. Throughout the pandemic, COVID-19’s impact on hospital entities has not been specific to clinical care – it has rippled through the institution to every level, including revenue cycle management (RCM).
While RCM and collections once had a negative connotation, the pandemic has presented
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Revenue Cycle Management Company nThrive Rebrands as FinThrive
What You Should Know:
- Healthcare revenue cycle management platform provider nThrive today announced it has rebranded, FinThrive™, which will be formally launched through a pending rebrand.
The new name signals the Company’s intention to break the cycle of inefficiency associated with traditional RCM technologies, while designing a modern software approach that empowers stakeholders across healthcare’s financial ecosystem.
FinThrive Focus
As FinThrive, the company will
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Health Plan Invests $100M to Introduce Real-Time Claims Payments for Providers
What You Should Know:
- CalOptima will be the first health plan to introduce ‘real-time claims payments’ permanently for providers as part of this historic $100+ million investment in the safety net in Southern California.
- Board also approves $100 million in technology to improve health care delivery and $8 million to launch a Street Medicine Program.
CalOptima, a publicly funded health care coverage for low-income children, adults, seniors and people with disabilities in Orange
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DeliverHealth Acquires Revenue Cycle Company PresidioHealth
What You Should Know:
- DeliverHealth, a provider of technology-enabled solutions for hospitals, health systems, and group practices, today announced the acquisition of PresidioHealth, a healthcare technology and clinical intelligence company. Financial terms of the acquisition were not disclosed.
- The acquisition enables DeliverHealth to further expand its software platform, thus improving coding quality and speeding up the reimbursement cycle for healthcare organizations.
Combined
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Top 9 Most In-Demand Medical Billing/Revenue Cycle Positions
A new AKASA survey highlights the vacant roles healthcare CFOs and financial leaders most need talent for to sustain daily operations within medical billing and the revenue cycle. The back office of healthcare is essential to keeping the doors of hospitals open by making sure the bills are paid. Yet, these teams are facing labor shortages like never before.
The survey of more than 400 healthcare financial leaders ranked the following as the roles where
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RevSpring Expands Integrations with Cerner
What You Should Know:
- RevSpring expands patient engagement and payment solution integrations with Cerner, broadening RevSpring’s platform of omnichannel and payment solutions to boost payment performance and patient satisfaction.
- Now more than 1,500 Cerner customers can access several of RevSpring’s solutions without friction – including customers such as Ohio-based Fisher-Titus, a leading rural hospital, that signed an agreement to implement two RevSpring products to coordinate all
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity
OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform
OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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OpenLoop Raises $8M to Expand Full Stack, White Label Telehealth Services
What You Should Know:
OpenLoop, a health tech startup delivering full-stack clinical support to companies launching and scaling virtual care services across the nation raises a Series A funding round of $8M led by SpringTide Ventures.
- OpenLoop, known for the quality, flexibility and breadth of services they offer to clients who are often early in their telehealth delivery journeys, will use this fresh capital to continue to expand their technology-enabled infrastructure. They will be
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Healthcare Payments Platform Enter Raises $5.7M to Build Stripe for Healthcare
What You Should Know:
- Healthcare payments platform Enter, which is on a mission to simplify that process on both sides of the transaction, has just come out of stealth mode after raising a $5.7M seed round led by Menlo Ventures with participation from Quiet Capital, Savantus Ventures, 500, and SpringRock Ventures along with angels including Matt Roszak and Mato Peric.
- The company’s founders Jordan Kelley and John Russell have previously launched groundbreaking financial technologies,
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UPMC Invests in Kyruus’ Provider Match To Optimize Patient Access
- UPMC, a Pittsburgh-based healthcare provider and insurer, announced it is expanding its strategic partnership with Kyruus to further optimize patient access.
- UPMC has been a Kyruus customer since 2019 and now will be directly investing in the company and collaborating on the future development of Kyruus’ ProviderMatch platform. Last year, UPMC expanded its relationship with Kyruus to enable consumers to find care and book appointments — directly into the
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