Career Step, LLC, a portfolio company of Revelstoke Capital Partners, a Denver-based private equity firm has acquired the Revenue Capture and Coding and Documentation Divisions of Panacea Healthcare Solutions. After completion of the acquisition, Career Step and Panacea will now provide end-to-end education, consulting and data analytics solution to the revenue cycle and healthcare financial marketplaces. Financial details of the acquisition were not disclosed.For Career Step, the acquisition
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
athenahealth, ADP Integrate to Deliver Cloud-Based Payroll to Hospitals
athenahealth, a provider of network-enabled services and mobile apps for healthcare providers has integrated with ADP to to deliver payroll and time and attendance services to the small hospital market. The integration of ADP Workforce Now® payroll and time and attendance solutions with athenaOne for Hospitals & Health Systems® aims to save hospital and health system administrators’ time, effort and money by automating payroll processes and increasing operational efficiencies.Integration
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nThrive Acquires Clinically Integrated Revenue Cycle Provider Adreima
nThrive, an Alpharetta, GA-based provider of revenue cycle solutions has acquired Adreima, a Downers Grove, Ill.-based provider of patient-centered, clinically-integrated revenue cycle services that help patients find coverage and meet their financial obligations, while partnering with health care providers to optimize revenue cycle functions. Financial terms of the acquisition were not disclosed. For nThrive, the acquisition strengthens it's patient-to-payment roadmap that are essential to
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UCSF Taps referralMD to Reduce Patient Wait Times
University of California at San Francisco, Department of Oral and Maxillofacial Surgery (UCSF-OMS) has partnered with ReferralMD, an enterprise patient access platform to reduce patient wait times. As part of the partnership, UCSF has implemented ReferralMD's patient access platform to provide regular feedback to referring providers, prevent lost referrals, and centralize their referral management process. Prior to going live with ReferralMD, UCSF-OMS received faxed referrals from hundreds of
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Revenue Cycle Management Vendor Recondo Lands $16M to Fuel Solutions Growth
Recondo Technology, a Greenwood Village, CO-based provider of cloud-based revenue cycle management solutions has raised $16 million in debt and capital funding led by Lehmi Ventures with Bridge Capital serving as the debt partner. The company plans to utilize the funding to support product development investments, particularly in areas of API-enabled revenue cycle content, expanded claims statusing, and authorization automation—all solutions designed to measurably improve financial
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Olathe Health System to Integrate Cerner Revenue Cycle With EHR
Olathe Health System, one of the largest providers in the Midwest announced it will integrate its existing enterprise-wide EHR with Cerner Revenue Cycle. The relationship expansion will deliver advanced integration between Cerner’s clinical and financial solutions enables streamlined coordination of care across inpatient and outpatient facilities, as well as independent physician practices. It also is designed to enhance the patient billing experience by enabling data to flow through the system
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MTBC Acquires Revenue Cycle Management Company MediGain
MTBC, a provider of proprietary, web-based EHRs, practice management and mHealth solutions has acquired the assets of MediGain, a Plano, TX-based revenue cycle management company. The acquisition of MediGain assets includes customer accounts, intellectual property, and offshore operations in India and Sri Lanka.Founded in 2002, MediGain provides revenue cycle management solutions and analytics for the healthcare industry in the United States and internationally. The company offers services in
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TransUnion Acquires RTech for $62M to Strengthen Revenue Cycle Offerings
This week, TransUnion announced it has acquired RTech (Healthcare Revenue Technologies, Inc), a technology-driven healthcare services company helping healthcare providers uncover hard-to-find, billable revenue and implement long-term improvements that generate future value.Under terms of the acquisition, TransUnion has agreed to pay $62 million consisting of approximately $51.9 million paid at closing and up to an additional $6.2 million, deposited in escrow at closing, upon satisfaction of
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UAB Selects Navigant Cymetrix for Hospital Revenue Cycle Operations
University of Alabama at Birmingham (UAB) Health System has signed a seven-year agreement with Navigant Cymetrix to manage revenue cycle operations. The collaborative contract encompasses physician and hospital revenue cycle operations and is intended to provide value and consistency across the health system.As part of its suite of comprehensive revenue cycle management solutions, Navigant Cymetrix effectively and efficiently manages the revenue cycle performance of its healthcare provider
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The State of Healthcare Data Analytics & Reporting: 9 Things to Know
Majority of healthcare organizations do not have have a data analytics solution in place to improve their revenue cycle, yet are currently looking to implement a solution, according to a recent survey conducted by Navicure. Conducted in May and June 2016, Navicure® commissioned Porter Research to conduct a national survey with over 600 healthcare leaders to gauge their current data analytics and reporting processes, challenges and technologies. Here are nine key findings from the
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