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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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
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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PatientPay Secures $6M to Expand Patient Payments Platform for Specialty Care
PatientPay, a Raleigh-Durham, NC-based provider of patient payments for specialty care has secured $6 million in growth capital led by Teaghlach Family Office and existing investors, including Mosaik Partners. The revenue cycle-focused company plans to use the funding for an 85 percent company expansion in 2018, primarily in staffing and product development. The investment round stems directly from the need to grow quickly and meet healthcare demand for better patient payments methods and
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HealthiPASS Raises $7.2M for Patient-Centric Digital Payments Platform
HealthiPASS, a Chicago-based healthcare payments company, today announced it has raised a $7.2 million in Series A funding round, led by FCA Venture Partners. The round also included participation from OCA Ventures, Healthy Ventures, HealthX Ventures, Waterline Ventures and a small group of strategic investors. As high deductible health plans become more and more prevalent and patient out of pocket burden continues to increase, HealthiPASS simplifies the payments experience for both patients
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3 Healthcare Revenue Cycle Management Drivers to Watch in 2018
One ageless trend emerging for 2018 is the quest of hospitals, larger carriers and clinics to identify new revenue streams; not just managing revenue cycles, but creating them. The healthcare industry is now looking at revenue which can be generated through the interoperability of Annual Wellness Visits (AWV), chronic care and service care transitions between physical and behavioral health services.Hospital systems and other healthcare facilities that can connect these services with technologies
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Revint Solutions Acquires Health Check to Expand Revenue Integrity Services for Providers
Revint Solutions, a Chicago-based provider of revenue integrity and recovery services for healthcare providers has acquired Health Check, a provider of Zero Balance Revenue Recovery services to over 100 healthcare providers. Founded in 1995, the Florida-based company has collected over $300M in underpayment recoveries with a successful track record working with all major payers and geographic areas.For Revint Solutions, the acquisition will expands the company's broad suite of revenue integrity
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