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

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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Glens Falls Hospital Reaches Settlement with Cerner over $38M Billing Problems

by Jasmine Pennic 03/20/2019 Leave a Comment

Glens Falls Hospital has reached a settlement with Cerner over $38M in losses suffered when Cerner’s billing system malfunctioned in 2017 after going live in November 2016, according to The Post-Star. Glens Falls Hospital President and CEO Dianne Shugrue announced the settlement in an ad in The Post-Star. Shugrue did not provide financial details about the settlement with Cerner or when the settlement was reached.“As is customary in resolving business disputes, the terms are confidential. It was
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LifeBridge Health Taps Artifact Health to Streamline Physician Queries

by Fred Pennic 03/20/2019 Leave a Comment

AHIMA, Artifact Health Team Up for Standardized Physician Query Templates

Artifact Health, a Boulder, CO-based mobile platform that streamlines the physician query process, announced today that LifeBridge Health has selected Artifact’s solution to improve workflow for its clinicians and expedite the accurate coding of patient records. Artifact’s solution will be deployed in early spring 2019 starting at Sinai Hospital and Northwest Hospital.Transforming Time-Consuming Physician Query ProcessTraditionally, the query process is onerous and time-consuming for physicians,
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Change Healthcare Files for $100M IPO Under CHNG Symbol on Nasdaq

by Fred Pennic 03/18/2019 Leave a Comment

Change Healthcare Acquires Credentialing Tech Docufill to Improve Administrative Efficiency

Revenue cycle management company Change Healthcare has filed a prospectus with the Securities and Exchange Commission (SEC) for a $100 million initial public offering (IPO). The company plans to be listed on the Nasdaq Exchange under the trading symbol "CHNG."Founded in 2005, the Nashville-based company provides data and analytics-driven solutions to improve clinical, financial and patient engagement outcomes through its suite of comprehensive suite of software, analytics, technology-enabled
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