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| Healthcare Finance | Policy, News, Analysis, Insights - HIT Consultant
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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Top 9 Most In-Demand Medical Billing/Revenue Cycle Positions
A new AKASA survey highlights the vacant roles healthcare CFOs and financial leaders most need talent for to sustain daily operations within medical billing and the revenue cycle. The back office of healthcare is essential to keeping the doors of hospitals open by making sure the bills are paid. Yet, these teams are facing labor shortages like never before. The survey of more than 400 healthcare financial leaders ranked the following as the roles where
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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OpenLoop Raises $8M to Expand Full Stack, White Label Telehealth Services
What You Should Know: OpenLoop, a health tech startup delivering full-stack clinical support to companies launching and scaling virtual care services across the nation raises a Series A funding round of $8M led by SpringTide Ventures. - OpenLoop, known for the quality, flexibility and breadth of services they offer to clients who are often early in their telehealth delivery journeys, will use this fresh capital to continue to expand their technology-enabled infrastructure. They will be
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Healthcare Payments Platform Enter Raises $5.7M to Build Stripe for Healthcare
What You Should Know: - Healthcare payments platform Enter, which is on a mission to simplify that process on both sides of the transaction, has just come out of stealth mode after raising a $5.7M seed round led by Menlo Ventures with participation from Quiet Capital, Savantus Ventures, 500, and SpringRock Ventures along with angels including Matt Roszak and Mato Peric. - The company’s founders Jordan Kelley and John Russell have previously launched groundbreaking financial technologies,
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MEDITECH Expands Expanse Ambulatory to Independent and Physician-Owned Practices
What You Should Know: - MEDITECH today announced the availability of Expanse Ambulatory in independent and physician-owned practices, without requiring an Expanse EHR in the hospital setting. - The subscription-based solution lives in the cloud, so there is no significant IT footprint required. Expanse Ambulatory’s Practice Management Expanse Ambulatory’s Practice Management solution offers efficient office workflows and intuitive features like drag-and-drop scheduling, automated
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5 Trends Bringing Effective Intelligence into Revenue Cycle in 2022
5 revenue cycle management trends that will drive adoption of automation, data-first processes, employee effectiveness and virtualization Many physician practices are facing a harsh reality as they enter 2022: The revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering. Tectonic shifts in the way healthcare organizations are reimbursed are unearthing the shortfalls of reactive systems that don’t get ahead of claims issues,
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Revenue Cycle Management Can Help Advance The Cybersecurity Mandate
Holding steady in the No. 1 spot, the healthcare industry has held the top rank in IBM’s Cost of Data Breach report for the past 11 years. It’s a lead that seems secure. In just a year from 2020-2021, the average total cost for healthcare for an event increased 29.5%, and now sits at $9.23 million. Even amidst that threat landscape, the percentage those in the healthcare space spend on cybersecurity hasn’t climbed out of the single digits. Only 6% or less of the IT budget is typically
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