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

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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Report: State of Health IT Private Equity in the Era of COVID-19

by Healthcare Growth Partners (HGP) 06/05/2020 Leave a Comment

Report: State of Health IT Private Equity in the Era of COVID-19

In May, as the U.S. cautiously started to reopen amid intense controversy, HGP polled hundreds of private equity funds across all stages of investment to find out how COVID-19 has impacted deal flow.  Eighty respondents provided their perspective on topics ranging from an appetite for new investments to access to debt to the impact on portfolio companies. Respondent Demographics Effect of COVID-19 on Valuations When asked how they expect overall and Health IT valuations to behave in
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R1 Acquires Cerner RevWorks to Extend Revenue Cycle Capabilities

by Fred Pennic 06/03/2020 Leave a Comment

R1 Acquires Cerner RevWorks to Extend Revenue Cycle Capabilities

R1 RCM Inc., a provider of technology-enabled revenue cycle management services to healthcare providers, today announced that it will acquire Cerner RevWorks services business and commercial, non-federal client relationships. R1’s electronic health record-agnostic revenue cycle platform seamlessly complements a healthcare organization’s infrastructure, quickly driving transformative improvements to net patient revenue and cash flows while reducing operating costs. Integration
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