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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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
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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Nordic Acquires The Claro Group’s Revenue Cycle Transformation Practice to Expand Beyond Epic Consulting
Nordic, an health IT consulting services firm has acquired the revenue cycle transformation practice of The Claro Group, LLC to expand beyond its Epic-focused consulting business. For Nordic, the acquisition complements Nordic’s foundation as a leader in Epic revenue cycle solutions. Financial terms of the acquisition were not disclosed. As part of the acquisition, Managing Directors Cathy Smith and Shannon Yasseri will continue their roles from The Claro Group leading a complementary set of
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USF Taps Kyruus to Optimize Patient-Provider Matching
Kyruus announced today that USF Health at the University of South Florida has selected the company’s ProviderMatch solutions to improve patient access and optimize patient-provider matching to deliver an enhanced patient and provider satisfaction. As USF Health is a growing academic medical center, Kyruus’ technology will help streamline access center operations and ensure patients are being matched to the most clinically appropriate provider based on their unique preferences. Situated in an
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3 Key Areas An Automated Prior Authorization Solution Must Address
Editor's Note: Co-written by Scott Herbst, Senior Vice President and General Manager of Provider Solutions and Ryan Miller, Senior Vice President of Strategy & Corporate Development at Availity.Prior authorizations may be as popular among providers as ants at a picnic, but they have become a common and necessary part of the reimbursement process. As a result, being able to manage prior authorizations efficiently is critical to maintaining a healthy revenue cycle and avoiding issues such as
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Rev Cycle Startup Cedar Launches With $13M for Data-Driven Patient Payment Solution
Revenue cycle management-focused startup Cedar has announced its entry into the health IT market with a new data-driven patient payment solution. Supported by $13M in Series A funding, the Cedar platform, which powers solutions for hospitals, health systems and medical groups, delivers modern intelligence to alleviate collections challenges, improve billing operations and ensure a personalized billing experience for patients.A Data-Driven Payment Solution for Hospitals and Medical GroupsToday,
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