eMDs announced today that it has acquired Aprima Medical Software (“Aprima”), a provider of electronic health record (EHR) and practice management (PM) software and revenue cycle management (RCM) solutions to ambulatory care organizations. The acquisition strengthens eMDs position in the ambulatory EHR space to serve over 63,000 providers in over 26,000 practices and hospitals across the world.For two decades, Aprima serves physicians in primary care and more than 70 specialties with a fast,
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Patients are the New Payer: The New Dynamics of the Healthcare Economy
As consumers, we can use our smartphones to buy everything from airline tickets to groceries. In both cases, the products are delivered or confirmed almost immediately. Many of us instantly compare prices to see if we’re getting a good deal.This type of purchasing is not as seamless in healthcare. It can often be difficult to determine the exact cost of care prior to a procedure being done. There isn’t an easy way to compare the cost of medical procedures between healthcare organizations — which
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8 Use Cases for Natural Language Processing (NLP) Technology in Healthcare
A look at natural language processing (NLP) technology's top potential use cases reveals how its destined to disrupt healthcare.It’s no secret that the big data wave had been building in healthcare for some time. What has somewhat remained a bit mysterious, however, is how innovators planned to stave the flood and make use of the sizeable data to help healthcare providers create efficiencies and improve outcomes. According to a recent Chilmark report, natural language processing (NLP) may be the
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Facing the Revenue Cycle’s Biggest Challenges in 2019
Hospital revenue cycle departments have gained greater visibility in recent years as a significant driver of revenue streams. Yet many of these departments continue to face serious challenges in several areas, including workforce, interoperability, and EHR optimization.Taking revenue cycle management to the next level by harnessing technology and data analytics can help hospitals and health systems track costs and identify opportunities for cost savings, gain efficiencies, and optimize financial
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CentralReach Acquires Managed Billing Provider Bronco Billing
CentralReach, a provider of practice management software for ABA clinicians and educators, has recently acquired Bronco Billing, giving customers access to a team of billing experts to expedite the billing process and maximize revenue. The acquisition is an expansion of the existing partnership between Bronco Billing and CentralReach allowing customers to improve their billing process through auto-generated claims, receivables collections, payments, and denial re-submissions, so they can spend
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3M to Acquire M*Modal’s Technology Business for $1B
3M announced a definitive agreement to acquire the technology business of M*Modal, for a total enterprise value of $1 billion dollars. M*Modal is a healthcare technology provider of cloud-based, conversational Artificial Intelligence (AI)-powered systems that help physicians efficiently capture and improve the patient narrative so they can spend more time with their patients and provide a higher quality of care.M*Modal Acquisition DetailsAs part of the acquisition, 3M will maintain a strategic
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2018 Patient Access Journey Report: 6 Patient Access Trends to Watch
The annual survey from Kyruus Highlights patient access trends & opportunities for health systems to differentiate with a comprehensive and cohesive patient access strategy. Within a relatively short number of years, patient experience has become a top priority for many healthcare organizations as consumerism continue to grow in healthcare. However, with so many players involved in delivering patient care, health systems are at a disadvantage relative to organizations in other industries
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Revenue Cycle Startup Medpilot Nabs $1.7M to Expand Patient Financial Engagement Platform
MedPilot, a patient financial engagement platform working with outpatient facilities, hospitals, revenue cycle management companies, and practice management systems, announced it has raised $1.7 million in funding led by Hudson River Capital Partners, Valley Growth Ventures, Cedars-Sinai, TechStars, and investor Tom Hirschfeld. MedPilot’s will use the latest round of funding to further bolster their team and roll out additional new functionality in their patient financial engagement platform for
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Revenue Leakage: How Big Data Can Address Challenging Denials at Academic Medical Centers
It’s no secret that many hospitals find themselves in faltering fiscal health lately. According to the Harvard Business Review, since the start of 2016, some of the nation’s top hospitals have lost hundreds of millions of dollars of income.These challenges can be especially pressing for academic medical centers (AMCs), who process a large volume of complex, high-ticket medical claims and generate revenue from direct patient care.Today, AMCs are finding themselves less insulated from changes in
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R1 and Automation Anywhere Team Up to Apply Enhanced AI to Revenue Cycle Management
R1, a provider of revenue cycle management (RCM) services is teaming up with Automation Anywhere to incorporate their Robotic Process Automation (RPA) technologies into the healthcare revenue cycle. This move supports the industry’s call for digital transformation across hospitals, health systems and physician practices alike. Benefits of Applying AI in Revenue Cycle ManagementR1’s technology solutions currently leverage RPA, driving improved results for its clients, such as increasing net
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