What You Should Know:
- Today, global healthcare company AmerisourceBergen announced it has acquired FirstView Financial (FirstView), a fintech solutions provider that delivers innovative digital payment processing services to support patient affordability and access programs, pharmacy and provider networks, and payors and plan administrators.
- The addition of FirstView to AmerisourceBergen’s existing suite of manufacturer services positions the company to meet the increased demand
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Streamline Health Acquires RCM Consulting Firm Avelead for $20M
What You Should Know:
- Streamline Health Solutions, Inc., a provider of the eValuator Revenue Integrity Program to help healthcare providers proactively address revenue leakage and compliance exposure, announced the acquisition of Avelead Consulting, LLC (“Avelead”), a provider of solutions and services to improve revenue integrity for healthcare providers.
- Financial terms of the acquisition include closing cash and stock consideration valued at $20M, subject to
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Olive Selects AWS as Its Preferred Cloud Provider to Create the Internet of Healthcare
What You Should Know:
- Olive, the AI healthcare company, announced today the adoption of Amazon Web Services, Inc. (AWS) as its preferred cloud provider, now leveraging AWS’s computing capabilities to improve healthcare efficiency and reduce costs for patients and organizations.
- Olive’s workflow automation solution will run on AWS to connect the disparate systems used by healthcare organizations to help automate and optimize administrative tasks for healthcare providers, freeing them to
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Kareo Acquires RPA-Powered Medical Billing Provider PatientlySpeaking
What You Should Know:
- Kareo, a provider of cloud-based clinical and business management software solutions for independent healthcare practices and billing companies, today announced the acquisition of PatientlySpeaking, a process automation technology company for billing companies and medical practices.
- Together with Kareo’s intuitive billing platform, PatientlySpeaking provides an integrated data connection for billing companies and medical practices to automate redundant daily tasks
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Olive Enters Clearinghouse Market with Acquisition of Healthcare IP
What You Should Know:
- Olive, a healthcare automation company today announced the acquisition of Healthcare IP, an integrated partner of healthcare provider and payer organizations, advocating data transparency and user experience in the revenue cycle. Financial details of the acquisition were not disclosed.
- Healthcare IP is a clearinghouse that has been streamlining payment management since 2013 for top hospitals and health systems across the United States to help manage their
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Tegria, Cedar Partner to Humanize the Patient Financial Experience
What You Should Know:
- Tegria, a Seattle-based healthcare technology, and services company, and Cedar, a New York City-based healthcare financial technology platform, announced the formation of a strategic partnership. The partnership will bring Cedar's consumer-facing financial engagement platform to Tegria customers and deliver Tegria's robust revenue cycle management expertise to Cedar's extensive client base, enabling a seamless, intuitive, and dependable financial experience for both
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Relatient Merges with Patient Access Platform Radix Health, Raises $100M+
- Today, Relatient, Inc., the leading SaaS-based, patient engagement platform, announced the signing of a definitive agreement to merge with Radix Health, a data-driven platform that helps medical practices and hospital groups optimize scheduling, patient access, and self-scheduling. Financial terms of the merger were not disclosed.
- In addition, Relatient has raised $100+ million of additional growth equity capital from its existing investor, Brighton Park Capital, and its affiliates.
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Cedar Appoints Krishna Rao as Chief Financial Officer
What You Should Know:
- Cedar, a New York City-based innovative healthcare financial technology platform, announced it has named Krishna Rao as Cedar's first Chief Financial Officer (CFO).
- Rao brings over 15 years of experience growing businesses, most recently serving as Global Head of Corporate and Business Development for Airbnb. In this role, he led and supported financings totaling over $10 billion in equity and debt capital, including the company's initial public offering last
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3M Taps Waystar to Automate Revenue Capture Processes for its Clients
What You Should Know:
- Healthcare payments company Waystar, today announced a partnership with 3M Health Information Systems to help 3M clients improve their payment operations.
- As part of the strategic partnership, 3M will leverage Waystar’s AI-powered solutions that will allow providers, health systems, and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.
Why It Matters
Revenue integrity remains a top concern for hospital
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Nym Health Raises $25M to Expand Automated Medical Coding Platform
- Today, Nym Health, a leader in explainable AI and automated medical coding, announced an additional $25M in funding, led by Addition brings the company’s total funding to $47.5M. Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner.
- The new investment will be used to scale product development and accelerate the rapid adoption of Nym's automated medical coding
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