Cognizant today announced it has agreed to acquire Bolder Healthcare Solutions, Louisville, KY-based provider of revenue cycle management (RCM) solutions to hospitals, physician practices and other specialist healthcare organizations in the United States. Financial details of the acquisition were not disclosed and is expected to close in the second quarter of 2018.RCM software and processes integrate and automate healthcare administrative and medical data to ensure benefit eligibility and
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
JPMorgan Chase, VisitPay Partner to Offer Healthcare Receivables Financing
VisitPay, a provider of patient financial engagement, has entered into an exclusive agreement with JPMorgan Chase Bank, N.A. in connection with the bank’s plan to extend recourse financing to VisitPay’s new Balance Transfer program, which will provide wholesale funding to healthcare providers. St Luke’s Health System in Boise, a long standing VisitPay client, is among the innovation partners shaping the program.With the launch of the Balance Transfer program, VisitPay now offers providers a
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SSI Group Acquires Health Data Aggregation Company ICA CareAlign
The SSI Group, an industry leader in revenue cycle management (RCM) solutions, has announced the acquisition of Nashville, TN-based Informatics Corporation of America (ICA), a provider of aggregation and exchange of patient clinical data under the brand name of CareAlign.The combined expertise and information services will help a diverse set of healthcare organizations improve their ability to address the growing need to combine administrative, financial, and clinical data driven by changes in
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MU Health Care to Implement Cerner Revenue Cycle Management Across 5 Hospitals
University of Missouri Health Care, in Columbia, has selected Cerner, a global leader in health care technology, to help manage revenue cycle performance across its five hospitals and more than 50 primary and specialty care clinics.MU Health Care will soon integrate Cerner’s registration, scheduling, patient accounting and practice management solutions and transaction services with its existing electronic health record (EHR), Cerner Millennium. The integration of clinical and financial data will
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eClinicalWorks Launches Acute Care EHR & Revenue Cycle Management
Today, eClinicalWorks, announced it will launch a cloud-based platform for Acute Care EHR and Revenue Cycle Management during HIMSS18, starting at $599 per bed per month. The company is changing the landscape of acute care EHR industry by providing a modern, cloud-based platform with no upfront license fees. Hospitals will have no financial barriers to transition to eClinicalWorks.Hamilton Healthcare System, is expanding its relationship with the company by selecting the platform and will become
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R1 Acquires Intermedix Corporation for $460M to Expand End-to-End RCM
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced a definitive agreement to acquire Intermedix Corp (Intermedix), including its healthcare division comprised of its physician and EMS RCM, practice management and analytics businesses, in a transaction valued at approximately $460 million.Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual
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Presence Health Taps R1 RCM for End-to-End Revenue Cycle Management
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced that Presence Health based in Chicago, Illinois has selected R1 to provide its end-to-end RCM services across the Presence Health system’s acute care hospitals and physician care settings.Presence Health has more than 150 locations in Illinois, including 10 hospitals. As part of the anticipated agreement to manage Presence Health’s $2.2B annual net patient revenue,
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Navicure, ZirMed Rebrands As Waystar for End-to-End Revenue Cycle Technology
Revenue cycle management providers Navicure and ZirMed, who merged in November 2017, today announced the re-branding of the combined organization under the new name Waystar. The rebranded company Waystar simplifies and unifies the healthcare revenue cycle with innovative technology that empowers clients to collect more with less cost and less stress, so they can focus on their goals, patients, and communities.Waystar brings together the two rev cycle organizations that offers cloud-based,
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Mediware Acquires Revenue Cycle Management Solution MEDTranDirect
Mediware Information Systems, Inc.announced it has acquired MEDTranDirect, a revenue cycle management solution and an approved network service vendor for Medicare. For Mediware, the acquisition complements the revenue cycle management and Medicare claims capabilities in Mediware’s home care market solution, Kinnser Software, while simultaneously leveraging Mediware’s heritage of supporting data-driven clinical excellence and improving efficiencies in administrative workflow.MEDTranDirect’s
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How Semi-Integrated Payments Can Save Hospitals
On average, hospitals collect less than 65 cents for every patient-dollar owed. Many hospitals have massive “doubtful accounts,” or accounts that are unlikely to ever produce a dime, amounting to hundreds of millions of dollars. Only a small percentage of these unpaid accounts ever go to collections — the rest are written off as losses.If hospitals are to continue existing, they must make more money than they spend. Unfortunately, the rising cost of healthcare is not helping hospitals recover
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