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Should You Keep RCM in House or Leverage RCM As a Service?

Healthcare IT Today

One of the hottest topics we hear talked about at Healthcare IT Today has to do with revenue cycle management (RCM). COVID and other financial pressures have driven RCM to the top of many healthcare organization’s strategic priorities. Plus, finding the right RCM staff makes this even harder.

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Capital One Serves as Joint Lead Arranger on $2.3 Billion Financing for R1 RCM

Healthcare IT Today

Capital One Commercial Bank , a full-service bank with middle market specialization in many industries, including over 40 healthcare sub-sectors, announced today it served as a joint lead arranger for an amended and restated credit facility for R1 RCM. R1 RCM used the facility, which increased its borrowing capacity from $1.2

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Careficient Acquires Home Health, Hospice, Home Care, Palliative and RCM Solutions from Net Health

Healthcare IT Today

a leading provider of Electronic Medical Record (EMR) solutions, today announced the acquisition of Net Health ’s EMR line of home health, hospice, home care, and palliative solutions and RCM services (collectively, “home health and hospice”). Careficient Inc. , This transaction will provide real benefits to both customers and employees.

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HIMSS 2019: The Mainstreaming of Health IT, from Jim Cramer to Opioid Risk Scores

Health Populi

On January 10, 2019, Jim Cramer of CNBC’s Mad Money recommended that Apple buy Epic, a market leader in EHRs. Revenue cycle management (RCM) is a big HIMSS theme from providers’ points of view. This is continued evidence that in 2019 and the near-term future, Amazon continues to “prime” consumers for experience.

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Bonus Features – April 9, 2023 – 63% of RCM departments face staffing shortages, small Stanford study shows 90% of GPT answers in clinical setting are “generally safe,” and more

Healthcare IT Today

A study from CWH Advisors and Synchrony found that 63% of providers have RCM staffing shortages , and 61% expect to work with third parties for help. Product and Company News Interoperability company Lyniate rebranded as Rhapsody , which was the company’s original name before its 2019 merger with Corepoint Health.

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Bonus Features – May 28, 2023 – 20+ health systems pledge to use Epic to share info under TEFCA, 84x increase in telehealth for mental health from 2019 to 2022, and more

Healthcare IT Today

The latest report on mental health utilization trends from LexisNexis Risk Solutions shows an 84x increase in utilization of telehealth for mental health in 2022 compared to 2019. NorthShore University HealthSystem affiliate Northwest Community Healthcare chose Conifer for physician RCM.

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Revenue Cycle Management Company RSi Announces Acquisition of Invicta Health Solutions

Healthcare IT Today

” RSi, headquartered in Columbia, South Carolina , made M&A headlines in 2019 when WestView Capital Partners announced it was financing RSi’s aggressive growth strategy. WestView is a Boston -based growth equity firm focused on investing in middle-market companies with a longstanding dedication to the revenue cycle sector.

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