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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant

M&A: Medsphere Systems Corporation Acquires Micro-Office Systems

by Jasmine Pennic 11/19/2020 Leave a Comment

M&A: Medsphere Systems Corporation Acquires Micro-Office Systems

What You Should Know: - Medsphere acquires Micro-Office Systems (MOS), developer of systems integration and communication tools. MOS will retain its name and will serve as a division of Medsphere moving forward. Medsphere Systems Corporation today announced the acquisition of Micro-Office Systems (MOS) in a move that will even further enhance the value and usability of Medsphere’s affordable healthcare IT solutions and services. With over 30 years of healthcare
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Nuance Sells Off Transcription and EHR-Go-Live Businesses to DeliverHealth

by Fred Pennic 11/18/2020 Leave a Comment

Nuance Sells Off Transcription and EHR-Go-Live Services Businesses to DeliverHealth

What You Should Know: -   Nuance announced that it’s planning to sell two sections of its healthcare business – Health Information Management (HIM) and Electronic Health Record (EHR) Go-Live Services to a new independent company, called DeliverHealth, in early 2021. - Nuance will be a minority shareholder of DeliverHealth and continue to provide its technology to the company. Nuance Communications, Inc., today announced the planned sale of the Health Information Management (HIM)
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AMA Unveils 2 Vaccine-Specific CPT Codes for Coronavirus Immunizations

by Fred Pennic 11/11/2020 Leave a Comment

AMA Approves 2 New CPT Codes to Support Response to COVID-19

What You Should Know: - The American Medical Association (AMA) published an update to the Current Procedural Terminology (CPT®) code set that includes new vaccine-specific codes to report immunizations for the novel coronavirus (SARS-CoV-2). - The new Category I CPT codes and long descriptors for the vaccine products 91300 and 91301 for better tracking, reporting, and analysis that supports data-driven planning and allocation. The American Medical Association (AMA) today published an
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How Yale-New Haven Uses IPA in Revenue Cycle to Tackle Inefficiency

by Albert Porco, Chief Solutions Architect at Cognitive Health Technologies 11/09/2020 Leave a Comment

How Yale-New Haven Uses IPA in Revenue Cycle to Tackle Inefficiency

As the pandemic heads toward a second year with no further financial stimulus guaranteed, hospitals and health systems are seeking ways to reduce costs and improve revenue cycle performance. Intelligent process automation (IPA) is an emerging solution designed to optimize operations and increase productivity through a combination of process modeling, process automation, and artificial intelligence.  IPA in the revenue cycle enables healthcare organizations to shift manual, repetitive work to
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Humana Taps Cohere Health to Modernize Prior Authorizations for Musculoskeletal Treatment

by Fred Pennic 10/22/2020 Leave a Comment

Cohere Health Launches with $10M to Increase Transparency Across Care Journey

What You Should Know: - Cohere Health partners with health insurer Humana to modernize the prior authorization process for musculoskeletal treatment across 12 states. - In addition, the company has closed an additional $10M in funding led by Flare Capital Partners and Define Venture, bringing the company’s total funding to $20M. Health insurer Humana has signed an agreement with healthcare collaboration company Cohere Health to improve the prior authorization process for
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Impact of COVID-19: 2020 State of Healthcare Performance Improvement Report

by Jasmine Pennic 10/19/2020 Leave a Comment

Impact of COVID-19: 2020 State of Healthcare Performance Improvement Report

What You Should Know: - Nearly three-quarters of hospital leaders are either moderately (52%) or extremely (22%) concerned about the financial viability of their organizations without an effective treatment or vaccine for COVID-19, according to a new report from Kaufman Hall entitled, “2020 State of Healthcare Performance Improvement Report: The Impact of COVID-19” - One-third of respondents saw operating margin declines in excess of 100% in the second quarter of 2020 compared with the
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The Future of Patient Access: From Appointment Reminders to Automated Patient Journeys

by Rick Halton, Vice President of Marketing, Lumeon 10/19/2020 Leave a Comment

The Future of Patient Access: From Appointment Reminders to Automated Patient Journeys

The concept of 'Patient Access' has evolved significantly. We all remember the good old days when patient access was an inbound responsive model – patients dialed into a call center phone number and were connected "round-robin" to the next available staff member with their call script. Then outbound voice and email messages and patient appointment reminders became common, and now access centers have begun to deploy more advanced communication channels such as natural language voice response,
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Cedar Joins Epic App Orchard to Enable Patient-First Billing Experience in MyChart

by Jasmine Pennic 10/13/2020 Leave a Comment

Cedar Joins Epic App Orchard to Enable Patient-First Billing Experience in MyChart

What You Should Know: - Patient financial engagement platform Cedar announced the availability of its patient billing solution, Cedar Pay in the Epic App Orchard marketplace. - Cedar engages patients through a frictionless billing experience that is embedded in MyChart using single sign-on. By tailoring in-app messaging and balance resolution workflows. Cedar, a leading patient financial engagement platform, today announced that Cedar Pay, its flagship patient billing solution, is
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Clearwave Acquires Digital Patient Access Solutions Odoro

by Jasmine Pennic 10/13/2020 Leave a Comment

Clearwave Acquires Digital Patient Access Solutions Odoro

What You Should Know: - Clearwave acquires Odoro, a provider of digital patient-access solutions that makes the scheduling process easier and more efficient for both healthcare providers and patients. - Clearwave, a pioneer in digital check-in is poised to deliver the industry’s most comprehensive patient-engagement platform with the addition of Odoro’s rich, multi-channel scheduling capabilities. Clearwave, a healthcare industry leader in digital check-in and eligibility
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Providence Combines 9 Investments & Acquisitions to Form Tegria

by Fred Pennic 10/12/2020 Leave a Comment

Providence Combines 9 Investments & Acquisitions to Form Tegria

What You Should Know: - Providence combines nine operating companies to form Tegria into a comprehensive suite of offerings for organizations across the health care sector -Tegria will focus on three key initiatives—healthcare consulting and technology services, revenue cycle management solutions and software technology and platforms. Providence, one of the nation's largest health systems announce the formation of Tegria, a new company designed to provide next-generation
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