January 28, 2013 Rajiv Leventhal
news
McKesson, the San Francisco-based health IT giant, has announced that MED3OOO and Pioneer Medical Group have signed a definitive agreement to jointly own and operate a new advanced management services joint venture.
December 6, 2012 Gabriel Perna
news
New research from the Orem, Utah-based KLAS indicates that provider pressures to meet meaningful use and ICD-10 regulatory requirements while also cutting costs have driven growth of the revenue cycle services (RCS) market. The report, Revenue Cycle Services: Which Firms Deliver Big Returns?, looks at the various reasons why more providers are outsourcing revenue cycle services, with bottom-line cash improvement and process improvement as the top benefits cited by providers.
November 21, 2012 Gabriel Perna
news
Deloitte and the American Medical Informatics Association (AMIA) recently conducted a study and found that for providers, life sciences companies, and payers there is clear correlation between return on investment (ROI) from clinical IT systems and high organizational support from health informatics. The organizations where respondents didn’t buy into the idea that health IT leads to significant ROI didn't have as strong organizational support, alignment, and executive sponsorship as those that did.
November 6, 2012 John DeGaspari
article
One of the challenges of a hospital merger or acquisition is integrating the existing financial systems after the deal is done—which can result in significant revenue losses. It’s an issue worth looking into, given that healthcare mergers and acquisitions are on the rise: healthcare M&A activity is expected to remain robust for the remainder of 2012. Here's the experience of Norton Healthcare following a major acquisition.
October 29, 2012 Ted Reynolds, Vice President, CTG Health Solutions
article
Organizations often purchase a system without understanding the true total cost of ownership (TCO). Everyone has financial pressures to operate their business as economically as possible, and frequently the mistake is made of asking for board approval with the lowest number possible.
October 1, 2012
news
San Francisco-based health IT giant, McKesson, has reached an agreement to acquire the Pittsburgh-based healthcare revenue management and technology services company, MED3000, the two firms jointly recently announced. According to McKesson, the acquisition should be completed in the next few months, subject to the necessary regulatory clearances.
September 5, 2012
news
In recently submitted comments, the Charlotte-based Premier alliance urged the Centers for Medicare & Medicaid Services (CMS) to make changes to outpatient payment policies and quality measure reporting proposals issued in July. Responding to the outpatient prospective payment proposed rule, healthcare network systems alliance voiced strong support for CMS' proposal to reimburse hospitals for separately payable drugs and biologicals using the statutory default rate.
August 28, 2012
news
According to a recent survey from KPMG, a New York City-based audit, tax and advisory firm, healthcare executives are expecting major business model changes over the next five years. The survey of over 200 senior healthcare and pharmaceutical executives revealed that 65 percent of provider executives and 41 percent of health plan executives are expecting major business model changes over five years, while 63 percent of pharmaceutical executives expect only moderate changes.
July 29, 2012 Mark Hagland
article
CapSite, a healthcare technology research and advisory firm based in Burlington, Vt., released its 2012 U.S. Revenue Cycle Management (RCM) Study at the end of June. Major findings? Regulatory mandates will continue to push forward demand for improved RCM solutions--sometimes in the form of altogether new implementations, sometimes in the form of upgrades.
July 23, 2012 Mark Hagland
article
The vast Utah organization moves forward to optimize revenue cycle management process across an integrated health system with 22 hospitals, 105 physician clinics, and over 33,000 employees
May 17, 2012
news
According to a survey conducted by Fitch Ratings, a New York City-based global rating agency, the majority of nonprofit hospitals expect capital spending to either increase, and most of them are going to spend their money on IT. The survey said factors influencing capital plans, such as potential decreases in reimbursement levels, shifting clinical practice patterns from inpatient settings to outpatient settings, and the possible implementation of the Patient Protection and Affordable Care Act (PPACA), have lead to this increase in IT expenditures.
April 4, 2012
blog
I don’t understand why application vendors place little importance on reporting requirements. I get the fact that customers like to customize their reports, but why not make that an inherent feature? Maybe that is why the market is constantly creating so many 3rd party Business Intelligence (BI) vendors. But what about Clinical Intelligence (CI) requirements?
