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
Read More
Revenue Cycle| Healthcare Finance | Policy, News, Analysis, Insights - HIT Consultant
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
Read More
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,
Read More
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
Read More
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,
Read More
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
Read More
R1 Acquires Revenue Cycle Company Cloudmed for $4.1B
What You Should Know:
- R1, a leading provider of technology-driven solutions that reduce friction in healthcare, has just acquired CloudMed, a leader in Revenue Intelligence™ for healthcare providers in a $4.1B cash deal.
- Upon closing of the transaction, current R1 shareholders will own approximately 70% of the combined company on a fully diluted basis and Cloudmed equity holders will own approximately 30%. Cloudmed equity holders will enter into an 18-month lockup agreement, subject to
Read More
8 Key Healthcare Revenue Cycle Benchmarks to Increase Productivity
What You Should Know:
- AKASA™, an automation company for healthcare revenue cycle management, released a report titled, “New Productivity Benchmarks For The Healthcare Revenue Cycle" that includes the first-ever publication of the average time it takes health system staff to complete critical tasks within revenue cycle operations based on AKASA’s proprietary data.
- These revenue cycle management benchmarks are some of the first for the revenue cycle industry and accurately forecast how
Read More
Provider Adoption of Automated Revenue Cycle Operations On The Rise
What You Should Know:
- 78 percent of health systems are currently using or are in the process of implementing automation in their revenue cycle operations, according to recent survey results from AKASA, a South San Francisco-based revenue cycle management automation company. The key findings signal automation in healthcare is no longer an emerging trend but is mission-critical for driving efficiency and cost-effectiveness in revenue cycle operations.
- According to the
Read More
Notable Launches End-to-End Revenue Cycle Workflow Automation Solution
What You Should Know:
- Notable, a San Mateo, CA-based intelligent automation company for healthcare has launched expanded capabilities for comprehensive revenue cycle management (RCM) automation.
- Unlike traditional point solutions that only automate siloed parts of the revenue cycle, Notable's intelligent automation platform is the only platform that combines robotic process automation (RPA), artificial intelligence (AI), patient engagement, and no-code configurability to provide the
Read More
