What You Should Know:
- Iodine Software, a leading healthcare AI company, today announced it has acquired physician engagement platform company Artifact Health. Financial details of the acquisition were not disclosed.
- The acquisition brings together two industry leaders and expands Iodine’s clinical predictions and insights platform beyond clinical documentation improvement (CDI) teams to directly engage physicians through Artifact’s HIPAA-compliant mobile platform.
- Artifact
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Tegria Acquires Rev Cycle Management Firm Colburn Hill Group – M&A
What You Should Know:
- Tegria today announced it has acquired Colburn Hill Group, a revenue cycle management firm with technologies that have helped healthcare providers tackle some of their most difficult RCM challenges. Financial details of the acquisition were not disclosed.
- A centerpiece of the acquisition is Colburn Hill’s Ops Center RCM platform, which integrates analytics and process automation technology to increase efficiency and eliminate wasteful manual
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Mednax Taps R1 for Enterprise Revenue Cycle Management Services
What You Should Know:
- R1 RCM Inc., a leading provider of technology-driven solutions that transform the patient experience and financial performance of healthcare providers, and Mednax, Inc., a national medical group specializing in prenatal, neonatal and pediatric services, have entered into an agreement that will make R1 the primary provider of enterprise revenue cycle management services for Mednax.
- The agreement is expected to bolster the overall patient experience and optimize
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Cedar Acquires OODA Health for $425M to Power Healthcare Financial Tech Platform
What You Should Know:
- Cedar, a healthcare financial technology platform, today announced it has entered into a definitive agreement to acquire OODA Health, a healthcare technology company focused on improving the healthcare administrative experience with payers and providers, for $425M.
- By bringing together providers and payers onto one healthcare financial technology platform, Cedar will be the only complete solution to address the full set of challenges consumers face when paying for
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TriHealth Taps Olive to Deploy On-Site AI Command Center Across Enterprise
What We Should Know:
- Olive and TriHealth announced their partnership to deploy Olive’s on-site AI command center, the AlphaSite, across TriHealth’s enterprise. The AI investment will begin with automating revenue-cycle related tasks, such as claims status checks while delivering increased ROI to the TriHealth network.
- The AlphaSite program — the creation of an on-site AI command center — allows Olive to take a 360-degree approach to transform the entire
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The Future of Revenue Integrity: From Reactive to Predictive – RCM
Healthcare organizations have witnessed an explosion of new opportunities to extract value from the industry’s treasure trove of data in recent years, with success stories related to using advanced technology such as artificial intelligence (AI) and machine learning found in every sector.
Revenue integrity is no exception.
Error-prone manual processes that were formerly characterized by painstaking line-by-line analyses of claims are giving way to automation and analytics that
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R1 Acquires Patient Financial Engagement Platform VisitPay for $300M
What You Should Know:
- Today R1 announced they will acquire patient financial engagement company VisitPay for $300 million in cash, leading the charge in overhauling the patient experience in the area with the most pain points - from surprise billing to price transparency. The acquisition marks R1’s third acquisition in the last year, transitioning the organization from a revenue cycle management services leader to a leading technology company.
- VisitPay’s cloud-based platform is used by
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Why the Digital Front Door is Critical to the Healthcare Revenue Cycle
The COVID-19 crisis has upended many of our traditional business procedures and processes. However, because digital transformations were well underway before the pandemic, the shift to remote work and contactless consumer self-service was swift. In healthcare, digital strategies that were expected to take 10 years to accomplish may now be compressed into three. That acceleration is especially evident with the “digital front door” – a strategy for engaging patients at every major touchpoint of
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Medchart Raises $17M to Simply The Request of Medical Records for Patients, Businesses
What You Should Know:
- Medchart, a Dallas-based cloud-based platform powering patient-authorized information for businesses, researchers, and consumer services announced it has raised $17M in seed and Series A funding led by Crosslink Capital and Golden Ventures, with additional funds from Vast Ventures, Union Ventures, iGan Partners, Stanford Law School, and hip hop icon Nas, an original backer.
- The company will apply the current investment to accelerate product innovation and hire new
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Q1 2021 Health IT/Digital Health PC/VE, M&A, IPOs/ SPACs Activity
The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies.
By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
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