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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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
LifeBridge Health Taps Artifact Health to Streamline Physician Queries
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
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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Why AI-Enabled EHRs & Telemedicine is Transforming Behavioral Health
Behavioral healthcare is on the precipice of an exciting new frontier. While the sector has been slow to adopt major tech innovations, emerging tools are ushering in unique advantages that allow providers to maximize profit, advance their sector and improve care for patients more than ever before.As a CEO working within the tech and revenue cycle management industries, I listen to the concerns of both insurance companies and healthcare providers to identify trends in behavioral healthcare every
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AHIMA, Artifact Health Team Up for Standardized Physician Query Templates
The American Health Information Management Association (AHIMA) is teaming up with Artifact Health to provide and maintain a comprehensive library of compliant physician query templates. The physician query templates will be utilized within Artifact’s HIPAA-compliant, cloud-based platform. Time Consuming Query Process for PhysiciansTypically, the query process is onerous and time-consuming for physicians. With Artifact Health’s mobile platform, physicians respond to a query compliantly in
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DrChrono Integrates with CoverMyMeds to Expedite Prior Authorization Processing
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
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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
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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,
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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
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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
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