Digital wallets are a payment option that continues to gain traction among consumers due to their simplicity and ease. Many providers, however, may be unfamiliar with the technology and how it can benefit their practices and patients. At the most basic level, a digital wallet is a digital, mobile version of patients’ financial accounts that is easily accessible via a computer or smartphone, eliminating much of the need to carry an actual wallet. Digital wallets can be used by consumers
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
AccessOne Acquires CueSquared to Address Patient Financial Experience
What You Should Know: - AccessOne acquires one-touch mobile payment platform CueSquared. The acquisition adds mobile billing and payment product to existing patient financing offerings, extending AccessOne solution portfolio to address the overall patient financial experience. AccessOne, a leading provider of inclusive Care Now, Pay Later patient financing solutions that help all consumers manage their healthcare costs, today announced that it has acquired CueSquared, a
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Complex Claims Vendor Argos Health Merges with EnableComp
What You Should Know: - Argos Health ("Argos"), a rapidly growing provider of complex claims solutions to the country's leading healthcare providers announced today it has merged with EnableComp. Argos Health is. - Argos works with hospitals, health systems, and physician groups to increase revenue recovery across workers' compensation, motor vehicle accident, out-of-state Medicaid, and Veterans Affairs claims, as well as ERISA appeals. Welsh, Carson, Anderson & Stowe ("WCAS") acquired
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Health Systems Cite Telehealth as Top Tool to Improve Patient Access in 2022
What You Should Know: - Improving patient access to medical services is a top priority for health system leaders in 2022, according to new research from the Center for Connected Medicine (CCM) and KLAS Research. - According to new research, patient access was identified by health system leaders as the challenge in healthcare that can be best addressed with telehealth in the coming year. Nearly 99% of health systems identified improving patient access as a “high” or “very high”
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Medical Bills Continue to Plague Consumers as Source of Anxiety, Mystery and Frustration
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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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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