What You Should Know:
- Sharecare acquires WhiteHatAI to provide health plan
and provider clients with additional capabilities to ensure healthcare payment
integrity
- WhiteHatAI’s ability to detect erroneous claims before
they are paid will help Sharecare’s health plan partners reduce costs
associated with FWA.
- Sharecare will integrate WhiteHatAI’s capabilities to
foster deeper engagement by enabling patients to both verify recent medical
procedures and report
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
DrChrono, ClearGage Integrate Patient Estimator and Finance Tools
What You Should Know:
- DrChrono announces that ClearGage has integrated its
patient estimator and financing tools into DrChrono‘s Practice Management
platform.
- The ClearGage app offering gives practices the ability
to provide patient estimates directly within appointments.
DrChrono Inc., the
company developing the essential platform and services for modern medical
practices, announced today that ClearGage has integrated
its patient estimator and financing
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HealthEdge Acquires Payment Integrity Solution The Burgess Group
What You Should Know:
- HealthEdge Software announces the acquisition of The Burgess
Group, LLC (“Burgess”), an innovative payment integrity software company
focused on improving healthcare payment operations for an undisclosed sum.
- The strategic acquisition will boost Health Edge’s position in
the payment integrity market and extends best-in-class claims processing to
include software-driven payment integrity
- Burgess’ product, Burgess
Source®, is the first solution to natively
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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
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
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
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
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
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
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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