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

Quorum Health Taps R1 RCM for End-to-End Revenue Cycle Management Across 26 Hospitals

by Fred Pennic 05/09/2019 Leave a Comment

Quorum Health Taps R1 RCM for End-to-End Revenue Cycle Management Across 26 Hospitals

Quorum Health Corporation, an operator of general acute care hospitals and outpatient services has selected R1 RCM to provide end-to-end revenue cycle management services across Quorum Health’s portfolio of hospitals and outpatient centers. After conducting a competitive vendor selection, Quorum Health selected R1 and anticipates going live in the second half of 2019.Benefits for Quorum HealthR1’s platform integration with existing infrastructure is expected to improve revenue cycle operations
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Vericred Launches Medicare Advantage API to Support Insur Tech & Digital Health Companies

by Fred Pennic 05/06/2019 Leave a Comment

Vericred Launches Medicare Advantage API to Support Insur Tech & Digital Health Companies

Vericred, an NYC-based data services platform powering the digital distribution of health insurance and employee benefits, announced today a Medicare Advantage rating API enabling InsurTech and digital health companies to build innovative solutions that serve the fast-growing Medicare-eligible population.Growth of Medicare Advantage PlansMedicare Advantage – also known as Medicare Part C – is a program in which individuals who qualify for Medicare enroll in certified health plans offered by
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Global Medical Billing Outsourcing Market to Reach $19.7B by 2026

by Fred Pennic 04/26/2019 Leave a Comment

Revenue Integrity Dysfunctional Patient Billing Major Distraction for Patients & Clinicians 6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

 The global medical billing outsourcing market size is projected to reach USD 19.7 billion by 2026 expanding at a compound annual growth rate (CAGR) of 11.8%, according to a Grand View research report. The report reveals that revenue cycle management (RCM) is one of the most complex components of healthcare IT business driven by challenges in rising healthcare costs, market consolidation, an explosion in clinical documentation, and value-based care initiatives.Key Market Drivers for Global
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Humana Launches First Virtual Primary Care Plan for Members

by Fred Pennic 04/25/2019 Leave a Comment

Doctor on Demand, Humana Launches First Virtual Primary Care Plan for Members

Health insurer Humana and virtual care provider Doctor On Demand has announced the launch of On Hand, an innovative and affordable health plan that centers on comprehensive virtual primary care for members. On Hand addresses the number one reason small businesses don’t offer health insurance-- cost -- by offering a plan 50% lower than the industry standard monthly premiums. On Hand Primary Care Plan Overview Employers and members who elect this primary care plan will gain access to a
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PE Firm Considering Options Including Sale of RCM Provider Waystar

by Fred Pennic 04/23/2019 Leave a Comment

PE Firm Considering Options Including Sale for RCM Provider Waystar

Private multi-asset alternative investment firm Bain Capital is reportedly considering options including the potential sale of revenue cycle management (RCM) company Waystar, Bloomberg reports. In 2018, Bain rebranded RCM companies Navicure and ZirMed as Waystar after merging the two companies together in 2017.  Waystar Sale Could Value Company At More Than $3BBain has started early-stage discussions about a potential sale that could value the business at more than $3 billion, according to
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Prisma Health to Optimize Patient Access Post-Merger with Kyruus

by Jasmine Pennic 04/18/2019 Leave a Comment

Prisma Health to Optimize Patient Access Post-Merger with Kyruus

Kyruus, a leader in provider search and scheduling solutions for health systems announced that Prisma Health, a newly-formed health system based in South Carolina has selected the company’s provider data management platform to optimize patient access to the health system’s network. The health system will leverage KyruusOneÒ to create a system-wide, digital provider directory and implement ProviderMatch for Access Centers and ProviderMatch for Consumers to help patients find the right providers
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Ontellus Acquires Secure Medical Records Exchange Portal ChartSwap

by Fred Pennic 04/11/2019 Leave a Comment

Ontellus Acquires Secure Medical Records Exchange Portal ChartSwap

Ontellus, a nationwide full-service procurer of medical, billing, employment records, and other claims related data services has acquired Chartswap, a cloud-based HIPAA compliant medical record exchange portal.ChartSwap BackgroundFounded in 2012 by Randy Haynes, Chartswap’s (B2B) health information exchange portal connects provides hospitals and other medical care facilities with the ability to securely delivery patient records. From a single cloud-based platform, requestors can safely order,
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Montefiore St. Luke’s Cornwall Goes Live on Mobile Physician Query Solution

by Fred Pennic 04/08/2019 Leave a Comment

Montefiore St. Luke’s Cornwall (MSLC) announced today that MSLC is live on Artifact Health's mobile physician query solution to improve workflow for its clinicians and expedite the accurate coding of patient records. Artifact was able to accommodate the hospital’s requirement to implement, integrate with Meditech’s EHR system and go live within four weeks.Optimizing the Physician Query Process for PhysiciansTraditionally, the query process is onerous and time-consuming for physicians, clinical
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InstaMed Launches Blockchain App Prototype for Healthcare Payments

by Jasmine Pennic 04/05/2019 Leave a Comment

InstaMed Launches Blockchain App Prototype for Healthcare Payments

InstaMed, a healthcare payments network, announced that it released a blockchain app prototype to demonstrate how blockchain technology could be leveraged for the interaction points among providers, payers and consumers including claim submission, claim adjudication, claim payment, patient billing, and patient payment. InstaMed built the blockchain prototype on HL7 FIHR v4. Full Visibility into Full Lifecycle of A Patient EncounterProviders and payers nationwide are challenged to find ways to
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Patient Access Solution Clearwave Receives Growth Equity Investment

by Jasmine Pennic 03/29/2019 Leave a Comment

Growth Equity Firm Frontier Capital Invest in Clearwave's Self-Service Registration Solution

Clearwave Corporation, an Atlanta, GA-based provider of patient access solutions via, mobile, kiosk and desktop self-service solutions has received a significant growth equity investment from Frontier Capital. Based in Charlotte, Frontier Capital’s firm is focused exclusively on software and tech-enabled business services companies.Investment FocusFrontier’s investment is intended to support Clearwave as it embarks on its next phase of innovation and growth in seeking to improve the customer
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