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

Cedar Raises $36M for Modern Patient Financial Management Platform

by Jasmine Pennic 06/25/2018 Leave a Comment

Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million,

Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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R1 RCM Inks 10-Year Contract with Amita Health for End-to-End Revenue Cycle Management

by Fred Pennic 06/25/2018 Leave a Comment

R1 RCM, End-to-End Revenue Cycle Management Services Phreesia Partner to Provide Seamless Front-End Patient Experience

R1 RCM, a provider of revenue cycle management (RCM) services, today announced it has inked a 10-year agreement with AMITA Health, the largest health system in Illinois to provide end-to-end revenue cycle management (RCM) services across AMITA Health’s acute care hospitals and physician care settings. Formed by Adventist Midwest Health and Alexian Brothers Health System in 2015, Amita Health has 19 hospitals and more than 230 sites of care with with approximately $4 billion in annual net patient
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Baker Tilly Launches Revenue Cycle Innovation Center to Optimize Revenue Cycle Operations

by Fred Pennic 06/25/2018 Leave a Comment

Baker Tilly Launches Revenue Cycle Innovation Center to Optimize Revenue Cycle Operations

Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm, today announced a collaboration with Datawatch and Tableau to launch the Baker Tilly Revenue Cycle Innovation Center (RCIC). The RCIC is an end-to-end service offering assists healthcare organizations by providing clear visibility into actionable data for maximizing and managing revenues encompassing all aspects of revenue cycle data analysis, from self-service data preparation to
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Change Healthcare Launches Front-End Denials Management Tool for Providers

by Fred Pennic 06/25/2018 Leave a Comment

Change Healthcare Launches Front-End Denials Management Tool

Change Healthcare today unveiled a new technology that helps providers reduce one of the leading causes of claim denials. Assurance Attach Assist™, a module of Change Healthcare Assurance Reimbursement Management™, now anticipates what documentation a payer—including Medi-Cal and seven other payers—may require to help prevent the denial of a claim due to lack of documentation. The result: Providers can now use Assurance Attach Assist’s automation as a tool to proactively decrease
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Innovaccer Unveils Financial Analytics Solution For Hospitals and Health Networks

by Fred Pennic 06/21/2018 Leave a Comment

Hospital CFO_New Financing Program Minimizes Impact of ICD-10 Revenue Delay for Private Practices_revenue cycle management

Innovaccer, a San Francisco-based healthcare data platform company, has announced the launch of its financial analytics solution for hospitals and health systems. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph. The new offering will be built on top of its cutting-edge healthcare data platform, InData and will be a part of the analytics module, InGraph.As healthcare providers delve deeper into evolving
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5 Telltale Signs Your Revenue Cycle Management May Need Outside Help

by David Gallegos, Senior VP of Consulting Services at Change Healthcare 06/19/2018 Leave a Comment

5 Telltale Signs Your Revenue Cycle Management May Need Outside Help

David Gallegos from Change Healthcare discusses 5 signs an organization should consider partnering with an outside partner to support their revenue cycle management (RCM). Are your revenue cycle management (RCM) staff and resources being stretched with the day-to-day challenges required to orchestrate claims, stay on top of regulatory changes and track payments? Are you trying to communicate more meaningfully with patients and collaborate with payers in ways you’ve never had to be
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7 Reasons Why Claims Data Cannot Drive Patient Health Improvements

by Dr Natalie Hodge, Chief Medical Officer at PreventScripts 06/19/2018 Leave a Comment

7 Reasons Why Claims Data Cannot Drive Patient Health Improvements

With the Department of Health and Human Services' decision to tie 90 percent of Medicare payments to value based models by this year, we can expect organizations to move even faster toward streamlining their population health management programs. But a survey from Managed Healthcare Executive notes that only 12% of survey respondents say their organization is using data “very well” and it’s making a “big impact” at their organization, the same percentage as 2016. Obviously there is still a steep
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CAQH Index: Healthcare Claims Automation Could Save Industry $11B Annually

by Fred Pennic 06/15/2018 Leave a Comment

CAQH Index Healthcare Claims Automation Could Save Industry $11B Annually

The U.S. healthcare industry made a modest amount of progress in healthcare claims automation, but a significant opportunity to save $11.1 billion annually remains, according to new data released today in the fifth annual CAQH Index. The report shows increased use of some manual transactions – primarily via web portals – resulting in a reversal of gains made for some of those transactions in previous years and the increase in potential savings.  The $11.1 billion industry savings opportunity is
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GPB Capital Acquires Revenue Cycle Provider Health Prime International

by Jasmine Pennic 06/12/2018 Leave a Comment

GPB Capital Acquires Revenue Cycle Provider Health Prime International

GPB Capital, today announced it has acquired a majority ownership take in Health Prime International (HPI), a National Harbor, MD-based provider of practice management and revenue cycle management solutions for medical practices. GPB Capital plans to optimize HPI’s product offerings by integrating HPI with its existing healthcare IT portfolio companies including Cantata Health, Itelagen Healthcare, MDS Medical, Meta Healthcare IT Solutions. Financial terms of the acquisition were not
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Advocare to Replace GE Centricity with eClinicalWorks EHR & Revenue Cycle Platform

by Jasmine Pennic 06/05/2018 Leave a Comment

Advocare to Replace GE Centricity with eClinicalWorks EHR & Revenue Cycle Platform

Advocare, LLC (“Advocare”), a physician-owned and physician governed multi-specialty medical group, today announced that it will replace GE Centricity with eClinicalWorks EHR and revenue cycle management platform. eClinicalWorks cloud-centric platform V11 will provide Advocare, one of the largest independent health systems, with the latest evolution of the core EHR to streamline and improve overall efficiency and communications and encourage preventive care for its patients. Advocare has nearly
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