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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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
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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Cedar Launches Cedar Pre to Transform Patient Financial Experience
What You Should Know:
- Cedar launches Cedar Pre to deliver seamless and comprehensive healthcare experiences to consumers preparing for care.
- By leveraging Cedar’s expanded patient engagement suite, providers can empower patients with unprecedented access and affordability from pre-registration and intake through final payment.
Cedar, a New York City-based healthcare financial technology platform built for today’s consumers, today announced the launch of Cedar Pre, an
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Lynx Launches with $17.5M for API-Connected Healthcare Payments
What You Should Know:
- Lynx, a Boston-based API-connected healthcare payments, banking, and e-commerce platform announced today that it has emerged from stealth with $17.5M in equity financing led by Obvious Ventures and .406 Ventures with participation from Frist Cressey Ventures. Other investors include Winter Street Ventures (an investment subsidiary of Commonwealth Care Alliance), Shields Capital, and Huntington Avenue Ventures.
- Lynx’s goal is to introduce modern fintech to
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GuideWell Becomes First U.S. Payer to Automate Prior Authorizations
What You Should Know:
- GuideWell, one of the 10 largest health insurance providers in the U.S., became the first U.S. payer to automate prior authorization approvals through AI-powered clinical reviews from Olive, resulting in faster care for patients — up to 10 days faster — and greater provider satisfaction.
- After launching a pilot with Olive in Florida, GuideWell saw its time to decision reduced by 10 days when immediate responses were available, decreased unnecessary prior
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5 Trends Bringing Effective Intelligence into Revenue Cycle in 2022
5 revenue cycle management trends that will drive adoption of automation, data-first processes, employee effectiveness and virtualization
Many physician practices are facing a harsh reality as they enter 2022: The revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
Tectonic shifts in the way healthcare organizations are reimbursed are unearthing the shortfalls of reactive systems that don’t get ahead of claims issues,
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Recruitment Costs, Long Hiring Timelines Negatively Impact Healthcare Finance Teams
What You Should Know:
- AKASA, a developer of AI for healthcare operations, today released findings from a new survey highlighting the challenges hospitals and health systems are facing within the revenue cycle as the Great Resignation drives higher staff turnover, and skilled workers leave healthcare for higher-paying jobs in other industries like retail or logistics
- Commissioned by AKASA, the survey fielded responses from 514 chief financial officers and revenue cycle leaders at
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