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

ApolloMD Partners with Cedar to Implement Optimized Online Patient Billing Experience

by Jasmine Pennic 09/17/2020 Leave a Comment

ApolloMD Partners with Cedar to Implement Optimized Online Patient Billing Experience

What You Should Know: - ApolloMD, a multispecialty clinical services provider for hospitals and health systems partners with patient engagement and financial technology platform Cedar to enabled an improved online billing experience for patients. - With Cedar, ApolloMD can now provide a digital billing experience built for patients, leading to better engagement. ApolloMD, a multispecialty clinical services provider for hospitals and health systems, and Cedar, a leading
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Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

by Fred Pennic 09/14/2020 Leave a Comment

Revint Merges with Triage to Deliver Comprehensive Revenue Integrity

What You Should Know: - Revint, a leader in technology-enabled revenue integrity solutions for healthcare providers, announced they will be merging with Triage Consulting Group, one of the nation’s premier healthcare revenue integrity companies. - With this merger, Revint continues to invest in its technology and product solutions that recover revenue through a guaranteed ROI model that hospital systems can depend on. Revint Solutions, a leader in technology-enabled revenue integrity
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Change Healthcare Launches New AI Model to Extract Diagnostic Data from EHRs for Case Management

by Fred Pennic 09/11/2020 Leave a Comment

Change Healthcare Launches New AI Model to Extract Diagnostic Data from EHRs for Case Management

What You Should Know: - Change Healthcare launches a new artificial intelligence model that automatically extracts diagnostic data from clinical notes to increase the efficiency of automated medical necessity reviews by over 20%. - The new Change Healthcare AI models are trained using clinical data and are honed by expert physicians. Change Healthcare unveils new innovative new Artificial Intelligence models, trained by expert physicians, which extract meaningful diagnostic
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AMA Approves 2 New CPT Codes to Support Response to COVID-19

by Fred Pennic 09/09/2020 Leave a Comment

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

What You Should Know: - The American Medical Association adds two new CPT codes to streamline the reporting of innovative tools and services now available to help reduce the COVID-19 disease burden. - The two new codes 99072 and 86413 have been approved for immediate use. The American Medical Association (AMA) published an update to the Current Procedural Terminology (CPT®) code set that includes two code additions for reporting medical services sparked by the public
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Maximizing Telehealth Success: How to Optimize Operations & Revenue Cycle Management

by Vijay Kotte, EVP of Physician Services at R1 RCM 09/01/2020 Leave a Comment

Maximizing Telehealth Success: How to Optimize Operations & Revenue Cycle Management

In COVID-19’s wake, providers’ financial recovery will be crucial yet daunting. U.S. hospitals and health systems stand to collectively lose $36.6 billion between March and June 2020 alone. Physician practices also face serious financial challenges as they recoup revenues that declined up to 55 percent and patient volume that decreased 60 percent. Amid these hardships, telehealth has emerged as a widely accepted vehicle for care delivery – providing a way for healthcare organizations to
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Patientco’s IVR Integration Joins Epic App Orchard, Selected by Baptist Memorial Health Care

by Fred Pennic 08/31/2020 Leave a Comment

Patientco Lands $28M to Reimagine the Patient Financial Experience

Patientco, a next-generation patient payment technology company, today announced that its Interactive Voice Response (IVR) integration is now available in the Epic App Orchard marketplace and has been selected by Memphis, Tenn.-based Baptist Memorial Health Care. As providers have cited a surge in patient calls resulting from COVID-19 and billing concerns, Baptist Memorial wanted to lift the burden from its revenue cycle management (RCM) team while also improving patient service and the
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Designing A Digital Experience to Drive Revenue and Patient Engagement

by Bill Krause, VP and GM, Digital Experience and Consumer Engagement at Change Healthcare 08/20/2020 Leave a Comment

Designing A Digital Experience to Drive Revenue and Patient Engagement

With the rise of healthcare consumerism, people are looking to hospitals, health systems, and physician practices to deliver the same user-friendly, digital experiences they receive from other industries. A recent survey found that more than 80% of consumers surveyed believe “shopping for healthcare should be as easy as shopping for other common services.” Specifically, they want streamlined access points online where they can shop for and purchase healthcare, easily make appointments,
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Report: Modern Revenue Integrity Solutions Driving Payment Performance

by Jasmine Pennic 08/19/2020 Leave a Comment

Report: Modern Revenue Integrity Solutions Driving Payment Performance

What You Should Know: - New Chilmark Research report on revenue integrity in healthcare reveals a transitional market making strides to address the new burdens of modern care economics. - The ongoing COVID-19 public health emergency underscores the imperative need for automation and reduced administrative costs even clearer. Revenue cycle has and continues to be one of the most difficult challenges in healthcare. These issues manifest in the claims process of submission,
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Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation

by Fred Pennic 08/13/2020 Leave a Comment

Waystar Acquires Medicare RCM Company eSolutions at $1.3B Valuation

What You Should Know: - Revenue cycle management provider Waystar acquires eSolutions, a provider of Medicare and Multi-Payer revenue cycle management, workflow automation, and data analytics tools at a $1.3B valuation. - The acquisition will create the first unified healthcare payments platform with both commercial and government payer connectivity, resulting in greater value for providers. Waystar, a provider of healthcare payments software, today announced a definitive agreement
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Top 5 RCM Challenges for Healthcare Executives in the COVID-19 Era and Beyond

by Brian Robertson, CEO at VisiQuate 08/11/2020 Leave a Comment

Top 5 RCM Challenges for Healthcare Executives in the COVID-19 Era and Beyond

There have been many memorable “where were you?” events since the 21st century began. But few can match the COVID-19 pandemic, at least from a healthcare perspective.  The effect on healthcare (and healthcare executives) has been particularly profound since our industry is in the center of everything. From the search for personal protective equipment (PPE) to setting up secure wings and field hospitals to instantly redeploying nurses from other floors to the emergency department (ED),
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