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Bonus Features – October 9, 2022 – Optum completes Change Healthcare acquisition, interest in flu shots is declining, and more

Healthcare IT Today

Optum first announced its intention to acquire Change in January 2021, but the DOJ initially blocked the deal in February 2022 due to anti-competition concerns. A PatientsLikeMe survey concluded that patient interest in flu shots is declining. RCM vendor FinThrive introduced automation functionality to its insurance discovery product.

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Bonus Features – November 13, 2022 – HCA extends 30-year relationship with MEDITECH, cost of care replaces pandemic as top reason to defer care, and more

Healthcare IT Today

HCA Healthcare signed a new agreement for a large-scale deployment of MEDITECH Expanse , continuing a relationship with the EHR vendor that has spanned three decades and been recognized with the 2021 CHIME Collaboration Award. News and Research. Outpatient claims have a 77% accuracy rate, and fixing this would increase revenue as much as $5.5

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Bonus Features – July 10, 2022 – Sequoia Project releases TECFA identity verification documentation, IBM Watson Health is now Merative, and more

Healthcare IT Today

At the HFMA conference, revenue cycle management vendor R1 shared data from a survey of more than 200 healthcare CFOs and finance VPs. More than 90% of respondents said providing routine healthcare post-COVID is putting a strain on their departments, with 90% of RCM departments experiencing a labor shortage. Grants and Funding.

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Bonus Features – May 7, 2023 – Less than 1% of all medical claims include an ICD-10 Z code, 78% of consumers say virtual health is important when considering health plans, and more

Healthcare IT Today

News CMS has opened the Hardship Exception application period for eligible hospitals and critical access hospitals (CAHs) that participated in the Medicare Promoting Interoperability Program in 2022. Global venture capital funding was just $21 billion in April 2023 , a 56% drop from April 2022, according to Crunchbase.

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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

News and Studies Nearly two dozen health systems have pledged to use Epic to share health information through the TEFCA framework , the EHR vendor announced, adding, “Our plan is to deliver software this year that will help our customers to be among the initial participants in TEFCA.”

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Weekly Roundup – October 28, 2023

Healthcare IT Today

They also discussed the all-important topic of EHR integration. Read more… Going Beyond Visit Summaries Using AI in the EHR. One strategy for building this strength is digitizing and streamlining RCM. RCM vendor Alpha II acquired RCxRules , a revenue cycle automation vendor.

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Bain & Company - KLAS Research 2023 HealthTech Report: Key Points for Providers, Vendors & Investors

Lloyd Price

In a survey of 201 US healthcare provider executives conducted in June 2023, 56% of the respondents cited software and technology as one of their top three strategic priorities, compared with 34% in 2022. Providers are investing in RCM software to improve their efficiency and accuracy, and to reduce costs.

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