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Revenue Cycle Management

Survey: Healthcare Organizations Skeptical of athenahealth, Virence Merger

December 3, 2018  |  Heather Landi, Associate Editor
news
Healthcare organization leaders are expressing some initial skepticism about the merger of athenahealth with Virence Health Technologies, as a result of Veritas Capital and Elliott Management’s recent acquisition of athenahealth.

Survey: Providers Remain Challenged with Optimizing Revenue Cycle-Related EHR Functions

November 29, 2018  |  Rajiv Leventhal, Managing Editor
news
Healthcare providers continue to focus on technology to spearhead revenue cycle improvements, but remain challenged with optimizing electronic health record (EHR) functionality, according to new research

How Blockchain Technology Can Revolutionize Healthcare

September 26, 2018  |  David Hanekom, M.D., and Pradeep Goel, Industry Voices
article
How do providers get better access to patients, deliver the best possible care, and get paid for their services in an accurate and timely fashion? The answer could be found in blockchain.

MGMA: Physician Compensation Data Illustrates Nationwide PCP Shortage

May 23, 2018  |  Rajiv Leventhal
news
Primary care physicians’ compensation rose by more than 10 percent over the past five years, representing an increase which is nearly double that of specialty physicians’ compensation over the same period, according to the Medical Group Management Association (...

Survey: Healthcare Orgs with Multiple RCM Systems Have More Challenges with Denials

May 15, 2018  |  Heather Landi
news
More than two-thirds of health systems (about 70 percent) use more than one vendor for revenue cycle management, and those organizations that do use more than one solution report larger issues with denials, a recent survey found.

Baptist Health South Florida, Navigant Form RCM Joint Venture

April 11, 2018  |  Heather Landi
news
Coral Gables-based Baptist Health South Florida announced it has signed an operating agreement with Chicago-based Navigant to create a new joint venture entity to provide revenue cycle management (RCM) services to healthcare provider organizations.

GE Healthcare Plans to Sell Ambulatory Care, Revenue Cycle Businesses for $1B

April 2, 2018  |  Heather Landi
news
GE Healthcare announced that it plans to sell portions of its health information technology lines to Veritas Capital, a private equity investment firm, in a deal valued at $1.05 billion.

Five Leading Healthcare Entities to Launch Blockchain Pilot

April 2, 2018  |  Rajiv Leventhal
news
Five prominent healthcare organizations—Humana, MultiPlan, Quest Diagnostics, and UnitedHealth Group’s Optum and UnitedHealthcare—have announced that they are launching a blockchain-based pilot program with the aim to improve healthcare data quality and reduce...

Arizona ACO Pilots Blockchain Platform to Improve Clinical Outcomes, Reduce Costs

March 21, 2018  |  Heather Landi
news
Arizona Care Network, a Phoenix-based accountable care organization (ACO), plans to pilot a blockchain technology platform developed by Solve.Care with the aim of improving clinical outcomes, relieving healthcare’s administrative burdens, and reducing waste...

Inovalon to Acquire Ability Network for $1.2 Billion

March 7, 2018  |  David Raths
news
Inovalon, a healthcare data analytics company, has agreed to acquire privately held Ability Network for $1.2 billion in cash and stock.

Survey: Providers Increasingly Adopting New Payment Technologies

February 28, 2018  |  Heather Landi
news
In just the last year, there has been a dramatic increase in the adoption of payment technologies, including web portals and interactive voice response (IVR) technology, by healthcare providers and healthcare collection agencies, according to a new survey.

Study: Use of EHRs Does Not Reduce Administrative Costs

February 21, 2018  |  Heather Landi
news
A recent study by Duke University and Harvard Business School researchers found that costs for processing a single bill ranged from $20 for a primary care visit to $215 for an inpatient surgical procedure, or up to 25 percent of revenue.

BREAKING: The 2018 Healthcare Informatics 100 is Now Open for Submissions

February 14, 2018  |  the Editors of Healthcare Informatics
article
Once again, Healthcare Informatics will rank the top vendors with the highest revenues derived from healthcare IT products and services earned in the U.S. based on revenue information from the previous year.

Evolving Financial Models to Support HIT Investments: One Financing Expert’s View

February 2, 2018  |  Heather Landi
article
Gary Amos, of Siemens Financial Services, shares his perspectives on health IT investments and the need for financial models to evolve with the acceleration of technological advancements.

RCM Global Software Market to Hit $43.3B by 2022, Report Finds

January 19, 2018  |  Rajiv Leventhal
news
The global market for healthcare revenue cycle management software is estimated to reach $43.3 billion by the end of 2022, according to a report from Future Market Insights (FMI).

Change Healthcare Announces Availability of Enterprise-Scale Blockchain Solution

January 17, 2018  |  Rajiv Leventhal
news
Executives from Nashville-based Change Healthcare have announced that its Intelligent Healthcare Network with blockchain is now available featuring claims management transparency, attesting that it is the first enterprise-scale blockchain in healthcare.

Hospital CFOs Report a Lack of Clean Data Necessary to Reduce Costs

January 8, 2018  |  Rajiv Leventhal
news
Hospital and health system CFOs consider identifying/managing cost reduction initiatives as their most important performance management activity, yet 70 percent of finance executives in a recent survey reported that they don’t have the proper tools in place to do...

Optimism and Daily Challenges: The Leaders of a Rural Oklahoma FQHC on Revenue Cycle Management

January 4, 2018  |  Mark Hagland
article
The leaders of the Central Oklahoma Family Medical Center, a federally qualified health center in south-central Oklahoma, discuss the challenges and opportunities facing their organization in the revenue cycle management arena

Providers Plan to Meet Patient Consumerism Rise, Survey Finds

October 24, 2017  |  Rajiv Leventhal
news
The new era of patient payment technology has put more demands on healthcare providers today, but most of them plan to meet the rise in patient consumerism with more retail-like technology solutions and practices, according to a new Black Book report.

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.

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.

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.

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.

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.

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