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RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. From the outside it looks one thing, but upon further inspection there are a million tiny little pieces that fit together to create the whole.

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Turning Increased Ambulatory Volumes into Financial Strength: 4 Moves for RCM

Healthcare IT Today

With outpatient volumes expected to grow 16% over the next decade—and ambulatory volumes projected to rise 25% by 2022—ambulatory providers can’t afford to leave patient financial engagement to chance. But finding the right approach is key.

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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. RCM vendor FinThrive introduced automation functionality to its insurance discovery product. Department of Justice challenge of the deal.

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Bonus Features – November 27, 2022 – 60% of hospitals use 50+ operations systems, CHIME names Theresa Meadows as CIO of the Year, and more

Healthcare IT Today

XIFIN announced HITRUST certification for XIFIN RPM 15 , the latest version of its RCM platform. Independent practice management software maker AdvancedMD announced its fall 2022 product update , which includes nearly three dozen new features. IoT platform vendor Iveda launched IvedaCare , an AI assistant for home-based senior care.

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Bonus Features – October 16, 2022 – Half of docs considering leaving their job, there’s little risk in sharing de-identified data, and more

Healthcare IT Today

Nearly two-thirds of physicians surveyed (65%) said they are experiencing burnout, and 35% said their level of burnout has “significantly increased” in 2022. RCM firm Conifer Health added Patti Peets and James Muir to its sales executive leadership team, covering the South-Central Texas Region and West Coast regions, respectively.

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Bonus Features – December 4, 2022 – 34% of Americans take anti-anxiety meds during the holidays, hospital margins at -2% but show signs of hope, and more

Healthcare IT Today

RCM consultancy MDaudit announced three leadership team appointments : Raj Joshi as CISO, Jaenna Babajane as Vice President of Customer Experience, and Nisheet Goenka as VP of Engineering. French cancer center Gustave Roussy Institute chose Synapse Medicine for clinical pharmacy and medication reconciliation services.

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CloudMD Divests Non-Core U.S. Electronic Medical Records and Practice Management Business

Healthcare IT Today

-based Electronic Medical Records (EMR), Practice Management (PM), and Revenue Cycle Management (RCM) assets for approximately US$6.3 Harris Computer Corporation (Harris) and follows the sale of CloudMD’s Canadian EMR business in October 2022. The sale was pursuant to a definitive agreement with a subsidiary of N.

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