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

BJC HealthCare Taps Patientco to Provide Seamless Patient Payment Experience

by Jasmine Pennic 07/21/2020 Leave a Comment

BJC HealthCare Taps Patientco to Provide Seamless Patient Payment Experience

What You Should Know: - BJC HealthCare has signed an agreement with patient payment platform Patientco to offer a seamless patient financial experience, helping patients navigate their medical expenses and pay their bills. - Patientco’s platform provides patients with a single billing statement outlining their outstanding balance and will help BJC streamline its payment process by reducing the number of bills associated
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COVID-19: 4 Essential Patient Payment Strategy Components to Accelerate Cash Flow

by David Shelton, PatientMatters CEO 07/20/2020 Leave a Comment

Accelerating Cash Flow Amid COVID-19

In the past few months, the COVID-19 pandemic has shaken societies, economies, and human wellbeing to the core. While protecting public health and welfare are top priorities for hospitals, the harsh reality is that it takes cash to keep the doors open and serve patients effectively. Revenue is down significantly as a result of canceled elective surgeries, while the costs of medical supplies and in-demand personal protective equipment for workers have skyrocketed. Hospitals’ operating challenges
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Banner Health to Implement Cerner Revenue Cycle Management Across Enterprise

by Jasmine Pennic 07/16/2020 Leave a Comment

Banner Health to Implement Cerner Revenue Cycle Management Across Enterprise

What You Should Know: - Cerner and long-time client Banner Health announced a new deal to implement a comprehensive suite of revenue cycle management solutions as part of a long-standing strategic alignment to use health care technology to drive population health improvement. - The revenue cycle integration will take place across Banner Health’s entire system, including 28 hospitals and clinics in six states. Banner Health and Cerner, today announced it is expanding
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4 Ways Healthcare Organizations Can Establish Partnerships to Drive Innovation

by Eric Nilsson, CTO, The SSI Group 07/14/2020 Leave a Comment

Nebraska Medicine’s experience points to four ways healthcare organizations can establish partnerships with vendors that drive innovation and performance excellence.

With public and private healthcare spending significantly outpacing that of other countries, U.S. hospitals face intense pressure to find new ways to capture greater value. More and more, organizations are finding that partnerships with existing vendors can help unlock next-level performance gains in a transformative environment. Take Nebraska Medicine, for example. In the early 2000s, the health system created multidisciplinary committees to boost revenue integrity and adopted new revenue
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Post COVID-19: Medical Billing Finally Realizes the Value of Text-to-Pay

by Bird Blitch, CEO and co-founder at Patientco 07/06/2020 Leave a Comment

Post COVID-19: Medical Billing Finally Realizes the Value of Text-to-Pay

Contactless payments were on the rise even before COVID-19 hit. But now, health systems should see them as essential. Consumers are increasingly wary of touching a credit card terminal that others have used, a perfect conduit for spreading germs. For consumers, text payments serve as a convenient contactless way to pay, but there are other unique benefits when this method of payment is applied in a healthcare setting. Let’s look at how text payments can fit into a health system’s revenue
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Top 4 Disruptions Healthcare Providers Should Prepare to Address

by Shawn Yates, Director, Product Management, Ontario Systems 07/02/2020 Leave a Comment

Top 4 Disruptions Healthcare Providers Should Prepare to Address

The past few years have been particularly interesting for the healthcare landscape. We’ve seen a surge in telemedicine and retail clinics, increasing use of personal healthcare devices such as watches and fitness trackers, aggressive attempts to dismantle the ACA, the growing influence of private equity investment firms, and massive mergers with disruptive enterprise market entries such as Amazon. As the ground beneath them continues to shift, many providers are venturing into new territory to
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Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience

by Florian Otto, MD, DDS, Co-founder, and CEO of Cedar 06/30/2020 Leave a Comment

Why COVID-19 Highlights Urgent Need to Humanize and Modernize The Patient Financial Experience

It’s no secret that COVID-19 and the corresponding near-immediate economic catastrophe will be felt for significantly longer than the few short months it took to wreak its initial havoc. While losses hit businesses from “a to z” (...except maybe Amazon, ironically), hospitals and health systems tasked with treating the victims of this pandemic bear a particularly harsh dose of the financial fallout -- $72 billion in CARES Act hospital grants barely serving as a band-aid to the financial
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Cedar Nabs $102M to Modernize Patient Financial Experience

by Fred Pennic 06/22/2020 Leave a Comment

Cedar Nabs $102M to Modernize Patient Financial Experience

What You Should Know: - Cedar raises $102M to fuel the next phase of Cedar’s vision of evolving from a patient financial engagement solution to a comprehensive healthcare consumer engagement platform. - Cedar combines healthcare, tech, and design to create a seamless financial experience for every patient. From pre-visit registration to post-visit billing, Cedar personalizes the care journey to take each patient to payment with ease. - The company also announced it has partnered with
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MTBC Acquires RCM Vendor Meridian Medical Management

by Jasmine Pennic 06/18/2020 Leave a Comment

MTBC Acquires RCM Vendor Meridian Medical Management

What You Should Know: - MTBC acquires Meridian Medical Management, a former GE Healthcare IT company to enhance its cloud-based healthcare IT solutions and services. - Meridian Medical Management has been providing revenue cycle management solutions to the ambulatory medical practice management marketplace for over 20 years. MTBC, Inc., a Somerset, NJ-based provider of cloud-based healthcare IT solutions and services announced it has acquired Meridian Medical Management
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Kyruus Raises $30M to Expand Provider Search and Scheduling Solutions

by Fred Pennic 06/10/2020 Leave a Comment

Kyruus

What You Should Know: - Kyruus, a provider search and scheduling solutions company raises $30 million in new funding from Francisco Partners, a technology-focused private equity firm.  - Kyruus will use the investment to expand its patient access platform to help health systems enhance the patient experience, both during and beyond the COVID-19 pandemic. Kyruus, a Boston, MA-based suite of provider search and scheduling solutions for health systems, today announced
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