DrChrono, today announced its expanded partnership with CoverMyMeds to help providers expedite prior authorization processing, gain insight into prescription prices and help patients get the medication they need when they need it.DrChrono/CoverMyMeds Integration DetailsDrChrono’s integration with CoverMyMeds includes:· RxBenefit Clarity - RxBenefit Clarity is a medication decision support platform that displays the most accurate prescription price information at the point of prescribing. This
Read More
Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Medsphere Acquires ED EHR Provider Wellsoft
Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced the acquisition of Wellsoft Corporation, a Somerset, NJ-based Emergency Department (ED) EHR provider. Wellsoft offers complete information management software for the challenging environment of the Emergency Department to improve operational efficiencies, productivity, care coordination, and revenue in Emergency Departments throughout the
Read More
Survey: Physicians Generate an Average $2.4 Million a Year Per Hospital
Physicians generated an average of $2,378,727 per year in net revenue on behalf of their affiliated hospitals, according to a recent survey. Conducted by Merritt Hawkins, a physician search firm and a company of AMN Healthcare, the survey asked hospital chief financial officers to quantify how much revenue physicians in 18 specialties generated for their hospitals in the previous 12 months. The findings include both net inpatient and outpatient revenue derived from patient hospital admissions,
Read More
Why Hospitals Without Robust Revenue Cycle Support are Losing Millions
A frequent knock on electronic health records (EHRs) has been that they’re just glorified billing systems that fail to provide enough clinical functionality to make a significant difference in the quality of care.So it’s somewhat incongruous that a recent Black Book report on revenue cycle management (RCM) system adoption would say that 26 percent of hospitals don’t have an effective RCM system in place even as virtually all hospitals are using an EHR.How can that be?The explanation for any
Read More
Mon Health Taps PatientMatters to Improve Patient Financial Experience
PatientMatters, a company focused on improving patients’ financial experience while ensuring greater reimbursement for hospitals, today announced that leading PA and WV-based health system, Mon Health, has chosen the company to create a pre-access service system. Specifically, Mon Health will leverage PatientMatters’ new IntelliPass Phase I Advisory Program to improve the patient financial experience and overall collections process.This will enable Mon Health to integrate data and
Read More
XIFIN Expands Patient and Physician Engagement Capabilities
XIFIN announced the expansion of its portfolio of physician and patient engagement solutions with integrated patient responsibility estimation and automated prior authorization capabilities, enabling diagnostic providers to improve their patient experience and physician satisfaction. The new capabilities include a strategic partnership with Glidian that integrates automated prior authorization capabilities with XIFIN’s revenue cycle management and laboratory information system solutions, XIFIN
Read More
Change Healthcare Unveils Claims Lifecycle Artificial Intelligence
Change Healthcare today announced Claims Lifecycle Artificial Intelligence, a new capability being integrated into the company’s Intelligent Healthcare Network and financial solutions, to help providers and payers optimize the entire claims processing lifecycle.Claims Lifecycle AI OverviewThis Change Healthcare Claims Lifecycle AI service is trained on more than 500 million service lines making up over 205 million unique claims that touch $268 billion in charges. The service leverages the
Read More
Providence St. Joseph Health Acquires Blockchain-Powered Revenue Cycle Platform Lumedic
Providence St. Joseph Health, one of the nation's largest health systems, today has acquired Lumedic, a next-generation revenue cycle management platform powered by blockchain technology. Providence St. Joseph Health will be the first integrated provider-payer system to establish a scalable blockchain platform to transform claims processing and enhance interoperability between providers and payers.Optimizing Revenue Cycle ManagementReducing inefficiencies in revenue cycle management (RCM) has
Read More
R1, Intermountain to Build Innovation Center in Salt Lake City to Foster Revenue Cycle Innovation
In collaboration with Intermountain Healthcare, R1 plans to build a state-of-the-art Technology and Innovation Center in Salt Lake City to foster revenue cycle management (RCM) innovation. This move reflects the industry’s ongoing effort to offer patient-centric care across the healthcare continuum – starting with an improved patient financial experience. Innovation Center Opening DateScheduled to open in May 2019, the 30,000 square foot facility will be used to evaluate patient needs, test
Read More
PerfectServe Acquires AI Patient Scheduling Solution Lightning Bolt and CareWire
After 16 years of bootstrapped success, Lightning Bolt is being acquired by PerfectServe, a provider of cloud-based clinical communication and collaboration solutions. Lightning Bolt’s AI technology enables healthcare organizations to build smarter physician shift schedules that give doctors balanced hours, safer shifts, and more flexibility to take time off, all while still improving patient access.Founded in 2002 and based in San Francisco, California, Lightning Bolt is an AI-enabled solution
Read More
