What You Should Know:
- More than half (55%) of consumers find it stressful paying a medical bill, understanding their plan's coverage and benefits (53%) or comprehending what they owe (53%), according to results of Cedar’s Annual Healthcare Consumer Experience Study.
- 4 in 10 (41%) are unsatisfied with their billing experiences, and nearly 90% of consumers would find it at least "somewhat useful" if their healthcare provider posted pricing information on their website around expected
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Prior Authorizations: 3 Ways to Reduce Administrative Burden & Burnout
Medicare’s annual enrollment period has started, and you know what that means: a slew of commercials suddenly appearing on television for Medicare Advantage plans.
The advertising appears to be working. Enrollment in Medicare Advantage has more than doubled over the past decade to more than 26 million people this year. The private health plans, which are an alternative to traditional Medicare, account for 42% of the total Medicare population.
The growth of Medicare Advantage, though, has
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4 Key Barriers to Prevent Surprise Medical Bills
What You Should Know:
A new AKASA survey highlight the challenges hospitals and health systems face when trying to prevent surprise medical bills.
AKASA™, the developer of AI for healthcare operations, today released findings from a new survey highlighting the challenges hospitals and health systems face when trying to prevent surprise medical bills. Commissioned by AKASA, the survey fielded responses from 514 chief financial officers and revenue cycle leaders at hospitals and health
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Ochsner Health Selects Kyruus to Simplify Patient Access Across Enterprise
What You Should Know:
- Ochsner Health in Louisiana, is simplifying patient access to care with Kyruus’ provider directory and enhanced search capabilities.
- Patients seeking care online will now have access to rich, up-to-date information on more than 3,000 providers.
Kyruus, a provider search and scheduling solutions for health systems, today announced that Ochsner Health, the largest non-profit, academic health system in Louisiana, is utilizing the company’s provider
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Suki Secures $55M for Voice-Enabled Clinical Assistants to Relieve Physician Burnout
What You Should Know:
- Suki raises $55M in Series C funding to expand its AI-enabled, voice-enabled clinical assistants to relieve physician burnout.
- Suki will use this funding to make strategic investments that will lead to an expansion of its user base through new and existing partnerships with leading health systems and medical groups while bolstering employee growth and development.
Suki, the leader in voice artificial intelligence (AI) technology for healthcare, announced
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Cedar, athenahealth Partner to Bring Personalized, Digital-First Financial Experience to Patients
What You Should Know:
Marketplace inclusion of Cedar Pay enables athenahealth clients to enhance their patient financial engagement capabilities, optimizing patient interactions and boosting operational efficiency.
Cedar, an NYC-based healthcare financial technology platform, today announced a partnership with athenahealth, Inc. through the company's Marketplace program. As part of the athenahealth® Marketplace, Cedar Pay is now available to athenahealth's growing network of healthcare
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Rethinking Patient Access: 4 Key Actions for Health Systems
As we learn to equilibrate with COVID-19, we are collectively learning how to modulate our acceptance of risk in order to re-emerge and engage with the world around us. It has at times over the course of the pandemic been a necessary choice, oftentimes in the name of risk, to forgo routine healthcare. Our avoidance of more routine prevention and health maintenance activities to minimize exposure and taxation of health systems has unfortunately increased other health risks, particularly risks
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Israeli Startup TailorMed Acquires Vivor to Create Provider and Pharmacy Network
What You Should Know:
- Financial navigation technology company TailorMed acquires Vivor to create the largest provider and pharmacy network.
- The combined companies will offer the most comprehensive solution for addressing unprecedented financial pressures on patients and healthcare organizations.
Israeli startup TailorMed, a leading financial navigation technology company that helps healthcare organizations and patients remove financial barriers to care in the U.S acquires
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Time is Money in Healthcare Administration. How Much Are You Losing?
Administrative complexity is a billion-dollar problem, riddled with human-led, hand-done steps that simply don’t need to exist.
In a given year, approximately a quarter to one-third of our healthcare spending comes from waste across the system. Sometimes, the cause of money waste is obvious, such as duplicated tests, misdiagnosis, extended ER stays, overtreatment, or failures in care coordination. The less obvious contributor: time.
Time is wasted at nearly every step of the
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Healthcare Financial Assistance Transactions Increases by 55%, TransUnion Healthcare Survey Reveals
What You Should Know:
- The number of financial assistance transactions processed by TransUnion Healthcare increased 55% between September 2020 and September 2021, according to a new analysis from TransUnion Healthcare released at the HFMA Annual Conference indicates hospitals are more proactively working with patients to understand their financial needs and provide appropriate options.
- The data reflect millions of financial assistance transactions, from more than 1,000 hospitals and
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