Following the announcement to merge together earlier this month, healthcare revenue cycle management technology companies Navicure and ZirMed Inc., today announced the appointment of healthcare technology executive Matthew Hawkins as the new CEO of the combined company. The appointment is expected to start in early November and Jim Denny, current President and CEO of Navicure, will now serve as Chairman of the Board. Prior to joining Navicure-ZirMed, Hawkins served as the President of Sunquest
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Optum360, Navicure, ZirMed Named Top Vendors for Revenue Cycle Management Solutions
Optum360, Navicure, ZirMed and others have been named top revenue cycle management vendors in customer satisfaction and client experience, according to Black Book Market Resaerch for 2017. For the report, Black Book surveyed 6,033 hospital and health system Chief Financial Officers, Vice Presidents of Finance and RCM, Controllers, Business Office Managers, Staff and Directors to determine the top performing vendors among in-demand financial software, systems and outsourcing services, and assess
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Navicure Merges With ZirMed to Accelerate Innovation in Revenue Cycle Management
Healthcare revenue cycle companies Navicure announced today that it has combined with ZirMed, effectively uniting two top-performing revenue cycle management solutions for the healthcare industry. The combined company will serve more than 400,000 providers and healthcare organizations and will be ideally positioned to further accelerate innovation in the industry by leveraging cloud-based solutions to help empower providers across all care settings to efficiently collect for the quality care and
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ABILITY Network Acquires Healthcare Payment Software Secure Bill Pay
Ability Network has acquired Secure Bill Pay, an Eagan, MN-based healthcare payment software provider that provides an all-in-one set of tools to enable providers to facilitate patient payment throughout the revenue cycle. Financial terms of the acquisition were not disclosed. As part of the acquisition, all of the company’s employees will join the ABILITY team.ABILITY provides apps and analytics that are integral in helping with revenue cycle management, clinical management and performance
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CareCloud Launches Pay-Per-Visit Telemedicine Solution for Physician Practices
CareCloud, a practice management platform for medical groups has announced the launch of their new fully integrated pay-per-visit telemedicine solution. The integrated solution features a fully integrated solution that includes built-in insurance eligibility checking and scheduling tools, a unique pay-per-visit pricing model, and one-click activation. Simplifying clinical workflows, this approach to telemedicine seamlessly connects the dots between efficient practice management and secure video
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Change Healthcare: $262B in Healthcare Claims Initially Denied in 2016
A new analysis by Change Healthcare of $3 trillion in medical claims submitted to payers last year revealed 9% of charges, representing $262 billion, were initially denied. For the typical health system, as much as 3.3% of net patient revenue, an average of $4.9 million per hospital, was put at risk due to denials. While 63% of these claims were recoverable on average, reworking each denial costs providers roughly $118 each, or as much as $8.6 billion in appeals-related administrative
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Revenue Integrity: Realizing the Promise of Hospital/Physician Integration
Editor's Note: Dan Ward is the VP of Strategy at ZirMed, a company empowering healthcare organizations to optimize revenue and population health with an end-to-end platform of cloud-based financial and clinical performance management solutions. HIT consultants see firsthand the growing pains of health systems as they increasingly purchase or partner with physician practices. While the aim is to increase efficiency, avoid duplication, lower costs and improve care, the reality is often very
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How Predictive Analytics Brings a Moneyball Approach to Improve Healthcare Financial Performance
Editor's Note: Paul Bradley, PhD, is the Chief Data Scientist at ZirMed, a company empowering healthcare organizations to optimize revenue and population health with an end-to-end platform of cloud-based financial and clinical performance management solutions. Predictive analytics – using data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes based on historical data – has become a staple of many industries.Brick-and-mortar retailers use it to
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St. Joseph’s Healthcare System to Implement Cerner’s EHR, Financial and Population Health System
St. Joseph’s Healthcare System has selected Cerner to implement its integrated EHR and revenue cycle management system across its acute, long-term care and ambulatory facilities. The Cerner Millennium EHR and HealtheIntentS, Cerner’s near real-time population health management system that aggregates data from multiple sources, will support St. Joseph’s nearly 1,000 beds. HealtheIntent will establish a longitudinal record, which will provide St. Joseph’s clinicians with a comprehensive, unified
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Intermedix Acquires WPC Healthcare to Optimize Revenue Cycle Through Predictive Analytics
Intermedix Corporation, a provider of data analytics and cloud-based technology has acquired healthcare data analytics provider WPC Healthcare. The Nashville, TN-based data analytics company uses machine learning to make predictions about health care conditions providing early notification to health care providers and, ultimately, saving lives while decreasing costs. Financial details of the acquisition were not disclosed. In 2015, Intermedix announced the creation of its analytics business
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