What You Should Know: - More than 57 percent of health systems and hospitals have more than 100 open roles to fill across their operations, according to new AKASA survey where more than 400 healthcare finance leaders identified vacancies across their healthcare organizations and the revenue cycle. - The findings reveal how insufficient staffing is hampering daily operations and pushing a strained workforce to the limit. Combating Vacancies with AI-Powered Automation Additionally, one
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Revenue Cycle| Healthcare Finance | Policy, News, Analysis, Insights - HIT Consultant
Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform
What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global. - Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients. Direct Contracting Platform In anticipation of July payer rates
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ScionHealth Signs 10-Year End-to-End RCM Partnership with R1 RCM
What You Should Know: - Today, R1 RCM, a leading provider of technology-driven revenue cycle management (RCM) solutions, is announcing a 10-year end-to-end partnership with ScionHealth, a new Louisville-based health system comprising nearly 80 hospitals, to provide exclusive enterprise RCM services to its long-term acute care hospitals. - ScionHealth joins healthcare systems including Ascension, Intermountain Healthcare, LifePoint Health, Penn State Health and more that have chosen R1 to
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Cerner & AKASA Partner on AI-Powered Revenue Cycle Automation
What You Should Know: - Health IT leader Cerner and AI developer for healthcare operations AKASA announce a partnership to scale automation within the revenue cycle at hospitals and health systems using AI and machine learning. - The collaboration offers Cerner customers access to AKASA’s AI-based Unified Automation® platform which is purpose-built for healthcare. Growing Need for Revenue Cycle Automation Staff shortages are particularly concerning for healthcare revenue cycle
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Luma Health & Change Healthcare Partner to Develop Solutions to Optimize Patient Journeys
What You Should Know: - Luma Health, a digital health company streamlining patient-provider communications announced a strategic partnership with Change Healthcare, a healthcare technology company that provides the connection and data transfer between providers, payers, and consumers. - The two companies will develop solutions to meet health systems' demand for streamlined and unified clinical, operational, and financial journeys. Develop Solutions to Unify All Journeys -Clinical,
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3 Predictions for Post-COVID Clinical Trial Decentralization
Prior to COVID, major technological transformation initiatives were already underway at many clinical trial sites, sponsors, and contract research organizations (CROs.) But the move to decentralized trials accelerated dramatically in 2020 and 2021–and it’s not slowing down. Survey data from WCG Avoca shows that research sites and sponsors expect 89% of clinical trials to qualify as a hybrid, with a mix of decentralized technology and in-person visits. But what will these
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Fathom Receives Strategic Investment for Medical Coding Automation Platform
What You Should Know: - Fathom, the first medical coding automation company to receive an investment from a national physician group, Inflect Health the innovation hub of Vituity and one of the largest physician-led provider groups in the United States. - Fathom will also leverage Vituity’s expertise in the revenue cycle as it refines the Fathom platform to alleviate staffing challenges, reduce denials and mitigate audit risk. Fathom is the only medical coding platform that can fully and
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Is Empathy The Key to Healthcare Collections in 2022?
As we enter into the third year of the global health emergency, the impact on healthcare continues to evolve. With the ever-changing landscape, comes an opportunity to reflect, learn, and adapt to the times. Throughout the pandemic, COVID-19’s impact on hospital entities has not been specific to clinical care – it has rippled through the institution to every level, including revenue cycle management (RCM). While RCM and collections once had a negative connotation, the pandemic has presented
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Revenue Cycle Management Company nThrive Rebrands as FinThrive
What You Should Know: - Healthcare revenue cycle management platform provider nThrive today announced it has rebranded, FinThrive™, which will be formally launched through a pending rebrand. The new name signals the Company’s intention to break the cycle of inefficiency associated with traditional RCM technologies, while designing a modern software approach that empowers stakeholders across healthcare’s financial ecosystem. FinThrive Focus As FinThrive, the company will
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DeliverHealth Acquires Revenue Cycle Company PresidioHealth
What You Should Know: - DeliverHealth, a provider of technology-enabled solutions for hospitals, health systems, and group practices, today announced the acquisition of PresidioHealth, a healthcare technology and clinical intelligence company. Financial terms of the acquisition were not disclosed. - The acquisition enables DeliverHealth to further expand its software platform, thus improving coding quality and speeding up the reimbursement cycle for healthcare organizations. Combined
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