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Finance, Revenue Cycle

athenahealth to Cut Workforce by 9 Percent, Close Two Offices

October 23, 2017  |  Rajiv Leventhal
news
athenahealth, the Watertown, Mass.-based electronic health record (EHR) vendor, expects to reduce its workforce by about 9 percent due to an organizational redesign that also involves the closure of two offices.

Ohio Man Charged for Allegedly Defrauding Cleveland Clinic out of $2.8M

October 23, 2017  |  Rajiv Leventhal
news
A man in Westlake, Ohio has been indicted in federal court for his role in a conspiracy to defraud the Cleveland Clinic out of at least $2.8 million.

Medsphere Merges with RCM Vendor Stockell

October 19, 2017  |  David Raths
news
Medsphere Systems Corp., developer of the OpenVista electronic health record, is merging with Stockell Healthcare Systems, which offers a suite of revenue cycle management tools.

CMS Releases 2016 Next Generation ACO Data with Positive Financial, Quality Results

October 16, 2017  |  Rajiv Leventhal
article
The Centers for Medicare & Medicaid Services (CMS) has released results from year one of its Next Generation ACO model, revealing that 61 percent of program participants were able to earn shared savings last year.

One Healthcare RCM Leader Shares his Perspectives on Navigating the Shifting Landscape

October 16, 2017  |  Heather Landi
article
Brian Sanderson, managing principal of Crowe Horwath LLP healthcare services group, discusses strategies for CFOs to navigate the shifting landscape around revenue cycle management and reimbursement.

In New Mexico, a Medical Home Model Created Outside the Hospital

October 12, 2017  |  Rajiv Leventhal
article
Barbara McAneny, M.D., an oncologist/hematologist, was the leader behind the Community Oncology Medical Home, a model built around keeping patients out of the hospital.

Survey: 73 Percent of Physicians Prefer Fee-for-Service Models

October 12, 2017  |  Heather Landi
news
A survey of 980 physicians by New York City-based Bain and Company, a management consulting firm, found resistance among physicians to the transition to value-based care and payment models, and 60 percent said it will be more difficult to deliver high-quality...

Healthcare Informatics’ Innovator Awards Program Is Open: Recognizing Health IT Trendsetters

October 6, 2017  |  the Editors of Healthcare Informatics
article
Once again, we at Healthcare Informatics have chosen to open our website for submissions to our Innovator Awards Program. At a time of extraordinary change in healthcare, now is as great a time as ever to showcase your innovations.

Gartner: Digitalization, Tech Innovation Changing the Jobs of CIOs

October 6, 2017  |  Rajiv Leventhal
news
Cybersecurity and artificial intelligence (AI) will significantly change how CIOs do their jobs in the near future, according to new research from Gartner.

Healthcare Finance Leader: Why CFOs Need to Work Smarter, Not Harder

October 5, 2017  |  Heather Landi
article
Sandra Wolfskill, director of healthcare finance policy at the Healthcare Financial Management Association, shares her perspective on the evolving payment landscape facing healthcare finance leaders and what CFOs should be focusing on right now.

Survey: Group Practices Need to Offer More Digital Payment Solutions

October 2, 2017  |  Heather Landi
news
An overwhelming majority of group practices (77 percent) still send paper bills despite a majority of patients’ preference for electronic billing (52 percent), according to a recent survey from the Medical Group Management Association (MGMA) and Navicure.

Black Book: Nearly all Paragon Users Optimistic about Allscripts Deal

October 2, 2017  |  Rajiv Leventhal
news
Nearly all of McKesson Paragon users (96 percent) in a recent survey reported that they are confidently optimistic that the Allscripts acquisition will improve Paragon client processes and technologies, and benefit their organizations.

Editor’s Notes: Exploring New Worlds—In Space and in U.S. Healthcare

September 29, 2017  |  Mark Hagland
commentary
Facilitating a shift in the U.S. healthcare delivery system from volume to value may be different from expanding the boundaries of space exploration; at the same time, there are real similarities.

Leveraging IT to Optimize Revenue Cycle Management

September 29, 2017  |  Heather Landi
article
Practice leaders are increasingly automating and streamlining RCM processes and seeing marked improvements to the bottom line due to decreases in denial rejections and optimized reimbursements.

Developing a Robust RCM Strategy in an Evolving Payment Landscape

September 28, 2017  |  Heather Landi
article
Priorities are shifting these days as healthcare CFOs are under immense pressure to optimize revenue cycle performance. Healthcare finance thought leaders share their perspectives on developing a robust RCM strategy in an evolving payment landscape.

For Documentation Reform, Innovative Processes Breed Better Outcomes

September 28, 2017  |  Rajiv Leventhal
commentary
At some point in their push for better quality, clinical and IT leaders realized that if their old processes around documentation weren’t etched in their workflows for the past several years, they would never have started that way.

Clinical IT Vendor Thought Leaders Share Perspectives on Ever-Evolving Segment

September 26, 2017  |  Rajiv Leventhal
article
As part of the broader Healthcare Informatics 100, clinical IT vendor executives were interviewed to gauge their thoughts on segment trends and what could be in store for the future

“One Foot in the Boat, One Foot on the Dock”: Providers and Payers Forge a New Social Contract into Value-Based Healthcare

September 26, 2017  |  Mark Hagland
article
The leaders of medical groups, hospitals and health systems are finding willing partners—and tons of practical challenges—as they move forward with the federal government and with private health insurers into the new world of value-based healthcare.

Change Healthcare Announces “Enterprise Blockchain for Healthcare” Solution

September 25, 2017  |  Rajiv Leventhal
news
Nashville-based Change Healthcare today announced the first blockchain solution for enterprise-scale use in healthcare, according to its officials.

Wisconsin Health System, Agnesian Healthcare, Sues Cerner for $16M in Losses

September 25, 2017  |  Heather Landi
news
Agnesian Healthcare Inc., a health system based in Fond Du Lac, Wisconsin, filed a lawsuit against Cerner Corp. for breach of warranty and fraud after claiming issues in its billing software resulted in losses of more than $16 million, according to reporting by...

How Natural Language Processing is Helping to Revitalize Physician Documentation

September 25, 2017  |  Rajiv Leventhal
article
In our September/October cover story, experts discuss how leading healthcare organizations are finding ways to preserve the patient narrative in the note for all care team members involved.

Study: Telemedicine Can Lower Costs for Health Systems by $24 per Patient

September 22, 2017  |  Heather Landi
news
A new study of telemedicine visits by Nemours Children's Health System found that patients and families who use telemedicine for sports medicine appointments saved an average of $50 in travel costs and 51 minutes in waiting and visit time. Each telemedicine...

At ATLAS Conference, Experts Analyze the Wide-Ranging Implications of Health Policy

September 19, 2017  |  Rajiv Leventhal
article
At the ATLAS conference, thought leaders discussed the current health policy landscape and how patient access, evolving care delivery models, and innovation all could be impacted.

RCM Technology Companies Navicure, ZirMed Announce Merger

September 19, 2017  |  Heather Landi
news
Healthcare revenue cycle management technology companies Navicure, based in Duluth, Georgia, and Louisville, Kentucky-based ZirMed announced last week that they have signed a definitive agreement to combine companies.

Lack of Good Data an Obstacle to Healthcare Cost Transformation Efforts

September 18, 2017  |  Heather Landi
news
More than 50 percent of hospitals and health systems do not have an adequate cost reduction goal in place, and a lack of good data and insight into costs may be the primary reason for the low-cost reduction goals and limited progress at organizations, according...

HIEs Could Help Cut Billions in Medicare Spending, New Research Finds

September 18, 2017  |  Rajiv Leventhal
news
Health information exchanges (HIEs) have the potential to cut billions in Medicare spending, particularly in those healthcare markets that have established HIE infrastructures, according to new research.

PODCAST: Consultant Says MACRA is Here and it’s Time to Get Familiar

September 18, 2017  |  Rajiv Leventhal
article
In this 15-minute podcast, consultant Michael Abrams discusses what he’s seeing and hearing as it relates to clinician readiness for MACRA, and what advice he’s offering clients who are still feeling uneasy about the QPP.

Top Hospitals Leverage Data Analytics to Reduce Supply Expenses, Study Finds

September 14, 2017  |  Rajiv Leventhal
news
U.S. hospitals could reduce annual supply expenses by approximately $23 billion in aggregate through improvements in supply chain operations, processes, and product use, according to new research from Chicago-based Navigant Consulting.

Specialty Practices Not Ready for MACRA, Survey Finds

September 6, 2017  |  Rajiv Leventhal
news
One hundred percent of specialty physicians indicated that they have not yet fully grasped MACRA’s impact on their practices, according to a recent survey from West Palm Beach, Fla.-based vendor Integra Connect.

Survey: Wait Times Down, Patient Portal Use Up at Medical Practices

September 1, 2017  |  Heather Landi
news
U.S. medical practices report that wait times have improved by five minutes from last year, down to an average of 20 minutes total between the waiting area and the exam room. For hospital-owned practices specifically, that number goes down to an average of 17...

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