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Revenue Cycle| Healthcare Finance | Policy, News, Analysis, Insights - HIT Consultant

After Advent Health, Atrium Health to Replace Cerner with Epic EHR

by Jasmine Pennic 02/21/2020 Leave a Comment

Atrium Health

- Charlotte-based health system Atrium Health announces it will replace Cerner electronic health system (EHR) with Epic EHR. - The announcement marks the second health system to depart Cerner this month after AdventHealth announced it will replace Cerner and switch to Epic’s enterprise EHR and revenue cycle management system. Atrium Health, one of the nation’s most highly integrated not-for-profit healthcare systems based in Charlotte, N.C. will replace their Cerner EHR system with its
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Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

by Fred Pennic 02/20/2020 Leave a Comment

Patient Financial Engagement Startup MedPilot Raises $1.5M to Fuel Expansion

- Patient financial engagement startup MedPilot raises $1.5M in funding to fuel its next stage of growth, bringing its total to date to $3.6M. - MedPilot’s patient financial relationship platform transforms patient billing through customized outreach tailored to people's preferences. MedPilot, a Cleveland, OH-based patient financial engagement company announced it has raised $1.5M in funding led by JumpStart, TurnCap, Northcoast Fund, Wavemaker Three-Sixty Health, Valley Growth
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XIFIN Introduces Transformative AI-Enabled Revenue Cycle Platform

by Jasmine Pennic 02/07/2020 Leave a Comment

XIFIN Introduces Transformative AI-Enabled Revenue Cycle Platform

- The latest version of XIFIN’s flagship RCM platform optimizes cash collections, enables real-time connectivity and error correction, and provides enhanced self-service for patients and physicians.- Unlike other RCM systems that require manual efforts once the claims are denied, XIFIN RPM 11 reduces costs and delivers denials and appeals process automation, including automatic generation of payor-specific appeal forms and appeal letters.Today’s diagnostic laboratory leaders face more challenges
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R1 Expands Physician Practice Footprint with District Medical Group

by Jasmine Pennic 02/03/2020 Leave a Comment

R1 Expands Physician Practice Footprint with District Medical Group

- R1 recently announced an expansion of their revenue cycle management services to the medical group market; it has announced that District Medical Group (DMG) is the first partner in this new offering.- R1 was selected to improve the financial performance, support significant growth and navigate complex payment models, allowing DMG to focus on providing top-quality care to patients while making their organization more nimble, transparent and profitable both in the short and long-term.R1 RCM
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A Matter of Trust: 3 Tips for Outsourcing Out-of-Pocket Support

by Sue Czubala, Chief Client Success Officer, AccessOne 02/03/2020 Leave a Comment

A Matter of Trust: 3 Tips for Outsourcing Out-of-Pocket Support

The cost of family health coverage topped $20,000 this year—as much as an economy car. As consumers shoulder higher out-of-pocket costs than ever, health systems are bracing for the impact.  A recent survey found that while 81 percent of healthcare leaders say rising consumer responsibility will affect revenue, leaders of larger organizations are even more concerned about the toll on finances: - 33 percent of health system executives believe increased consumer responsibility will have a
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KLAS Names Epic, Pivot Point, Accenture Overall Best in KLAS 2020

by Fred Pennic 01/31/2020 Leave a Comment

Best in KLAS 2020

- Epic was named the top Overall Software Suite for the tenth consecutive year in the Best in KLAS 2020 Software & Services report. - Pivot Point Consulting, a Vaco Company, was named the top Overall IT Services Firm, edging out last year’s winner, Impact Advisors. - Accenture earned the award of top Overall Healthcare Management Consulting Firm.Today, KLAS Research announced released their annual Best in KLAS Software & Services that recognizes the leading vendors for solutions,
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Impact Advisors Closes Credit Facility to Support Next Phase of Growth

by Fred Pennic 01/29/2020 Leave a Comment

Impact Advisors Closes Credit Facility to Support Next Phase of Growth

- Impact Advisors closes a senior credit facility with healthcare specialty finance firm Oxford Finance LLC to help support the consulting firm's next phase of growth. - Impact Advisors will leverage Oxford along with its strategic partnership with Chicago Pacific Founders to further invest in key market areas.Impact Advisors, a highly rated KLAS provider of clinical, revenue cycle and information technology advisory services to the healthcare industry closed a senior credit facility with Oxford
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R1 Expands Revenue Cycle Management Offering to More Medical Groups

by Jasmine Pennic 01/22/2020 Leave a Comment

R1 RCM, End-to-End Revenue Cycle Management Services Phreesia Partner to Provide Seamless Front-End Patient Experience

- R1 announced an expansion of its revenue cycle management services, making them available to large independent practices and hospital-owned groups.- Now groups beyond hospitals and health systems will be able to use R1’s industry-leading RCM tools designed to enable the best quality clinical care and financial expectation setting for even more patients.- This new slate of provider organizations and patients will also benefit from R1’s recent acquisition of SCI, offering access to the broadest
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Steward Health Care System to Deploy MEDITECH Expanse EHR Across 35 Hospitals

by Fred Pennic 01/21/2020 Leave a Comment

Steward Health Care System to Deploy MEDITECH Expanse EHR Across 35 Hospitals

- Steward Health Care System recently signed to implement MEDITECH Expanse EHR in 18 sites located across Arizona, Texas, Utah, Arkansas, and Louisiana.  - The implementation is a part of Steward’s “One Platform” strategy to bring all 35 hospitals under a one single, integrated, enterprise EHR. Health IT company MEDITECH announces it will extend its 20-year partnership with Steward Health Care System, which recently signed to implement the MEDITECH Expanse EHR platform in 18 sites located across
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Medsphere Raises $40M to Expand Suite of SaaS EHR & RCM Solutions

by Jasmine Pennic 01/15/2020 Leave a Comment

Medsphere Raises $40M to Expand Suite of SaaS EHR & RCM Solutions

- Medsphere raises $40M in preferred equity investment to fund the expansion of efficient, flexible, subscription-based software solutions. - Medsphere has grown subscription revenue by over 400% using a combination of organic growth and accretive acquisitions, achieving a compounded annual growth rate of over 50%. Medsphere Systems Corporation, the leading provider of efficient and interoperable healthcare information technology (IT) software solutions, and services, today announced new $40
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