University of Missouri Health Care, in Columbia, has selected Cerner, a global leader in health care technology, to help manage revenue cycle performance across its five hospitals and more than 50 primary and specialty care clinics.MU Health Care will soon integrate Cerner’s registration, scheduling, patient accounting and practice management solutions and transaction services with its existing electronic health record (EHR), Cerner Millennium. The integration of clinical and financial data will
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
eClinicalWorks Launches Acute Care EHR & Revenue Cycle Management
Today, eClinicalWorks, announced it will launch a cloud-based platform for Acute Care EHR and Revenue Cycle Management during HIMSS18, starting at $599 per bed per month. The company is changing the landscape of acute care EHR industry by providing a modern, cloud-based platform with no upfront license fees. Hospitals will have no financial barriers to transition to eClinicalWorks.Hamilton Healthcare System, is expanding its relationship with the company by selecting the platform and will become
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R1 Acquires Intermedix Corporation for $460M to Expand End-to-End RCM
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced a definitive agreement to acquire Intermedix Corp (Intermedix), including its healthcare division comprised of its physician and EMS RCM, practice management and analytics businesses, in a transaction valued at approximately $460 million.Intermedix provides revenue cycle management, practice management and data analytics services to more than 15,000 individual
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Presence Health Taps R1 RCM for End-to-End Revenue Cycle Management
R1 RCM Inc., a provider of technology-enabled revenue cycle management (RCM) services to healthcare providers, today announced that Presence Health based in Chicago, Illinois has selected R1 to provide its end-to-end RCM services across the Presence Health system’s acute care hospitals and physician care settings.Presence Health has more than 150 locations in Illinois, including 10 hospitals. As part of the anticipated agreement to manage Presence Health’s $2.2B annual net patient revenue,
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Navicure, ZirMed Rebrands As Waystar for End-to-End Revenue Cycle Technology
Revenue cycle management providers Navicure and ZirMed, who merged in November 2017, today announced the re-branding of the combined organization under the new name Waystar. The rebranded company Waystar simplifies and unifies the healthcare revenue cycle with innovative technology that empowers clients to collect more with less cost and less stress, so they can focus on their goals, patients, and communities.Waystar brings together the two rev cycle organizations that offers cloud-based,
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Mediware Acquires Revenue Cycle Management Solution MEDTranDirect
Mediware Information Systems, Inc.announced it has acquired MEDTranDirect, a revenue cycle management solution and an approved network service vendor for Medicare. For Mediware, the acquisition complements the revenue cycle management and Medicare claims capabilities in Mediware’s home care market solution, Kinnser Software, while simultaneously leveraging Mediware’s heritage of supporting data-driven clinical excellence and improving efficiencies in administrative workflow.MEDTranDirect’s
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How Semi-Integrated Payments Can Save Hospitals
On average, hospitals collect less than 65 cents for every patient-dollar owed. Many hospitals have massive “doubtful accounts,” or accounts that are unlikely to ever produce a dime, amounting to hundreds of millions of dollars. Only a small percentage of these unpaid accounts ever go to collections — the rest are written off as losses.If hospitals are to continue existing, they must make more money than they spend. Unfortunately, the rising cost of healthcare is not helping hospitals recover
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Intermountain, R1 RCM Expands Enterprise Revenue Cycle Management Partnership
Today, R1 RCM announced an expanded partnership with Intermountain Healthcare to be the exclusive RCM provider across all Intermountain patient care sites, including inpatient and preventative care settings. The expanded relationship enables the transformation of Intermountain’s revenue cycle process for RCM performance improvement, cost savings and other positive impacts to efficiencies, but more importantly to the patient experience. Intermountain will rely on R1 to provide and manage the full
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Healthcare Revenue Cycle Management Software Market to Reach $43.3B by 2022
The global market for healthcare revenue cycle management software is estimated to reach $43.3B by the end of 2022, increasing at a compound annual growth rate (CAGR) of 6.9%, according to a recent report by Future Market Insights (FMI). The report anticipates the market-to-market positive growth over the coming years, on account of the increasing cumulative patient revenue, improvement payment collection & billing efficiency and recognition of profit . From hospitals to independent
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Change Healthcare Acquires National Decision Support Company
Change Healthcare announced the acquisition of National Decision Support Company (NDSC), a cloud-based solutions that deliver medical guidelines to the point of care through leading electronic health record (EHR) systems. The addition of NDSC accelerates the efforts of Change Healthcare to leverage evidence-based clinical information and next-generation technologies to reduce cost and help ensure appropriate care. Financial terms of the acquisition were not disclosed. NDSC and the Change
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