Healthcare IT Today

JULY 30, 2024

Revenue Cycle Management (RCM): The Strongest Use Case of GenAI in Healthcare The financial backbone of healthcare, RCM, entails everything from payments and pre-authorization before treatment to reimbursements, compliances, and interoperability with other systems. Unsurprisingly, GenAI in healthcare is expected to reach USD 22.1

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Healthcare IT Today

OCTOBER 23, 2023

Medical care prices may have grown at their slowest rate in decades in the past year, but consumers still feel the pinch, with many dipping into savings to pay their medical bills. That’s one reason why self-service options for account management are critical.

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Healthcare IT Today

MARCH 4, 2025

Candid’s platform addresses the root cause of RCM inefficiency through modern data engineering and automation. “At Candid, we are reimagining the level of automation that an RCM platform can drive, and with AI, we are positioned to further improve billing performance,” said Nick Perry, Co-Founder and CEO at Candid Health.

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Electronic Health Reporter

NOVEMBER 20, 2019

Kareo, a provider of cloud-based clinical and business management software for independent medical practices and medical billing companies, announced the sale of its revenue cycle management (RCM) services business unit to an independent supplier of outsourced medical billing services, Health Prime International.

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Healthcare IT Today

JANUARY 18, 2023

AI capabilities can speed through burdensome RCM tasks to help healthcare providers avoid denials, reduce coding errors and improve price transparency for patients. It’s reported that somewhere around 80% of medical bills contain errors, which hurts the patient and the provider. Dawn Crump, Sr.

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Healthcare IT Today

FEBRUARY 8, 2025

Read more… Harnessing AI for Smarter Medical Billing. Muhammad Shujja at AltuMED outlined AI’s role in improving accuracy, detecting fraud, augmenting decision-making, and streamlining the RCM process – all essential to supporting modern business operations in healthcare.

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Healthcare IT Today

JANUARY 17, 2025

Whats needed is a revolution, and revenue cycle management (RCM) technology is turning the tables. RCM technology streamlines workflows, increases collections, and improves a health systems financial stability by prioritizing high-value claims. Still, the RCM market is projected to exceed $238 billion by 2030.

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Healthcare IT Today

OCTOBER 11, 2024

This can lead to unnecessary visits, improper billing, and confusing statements that leave patients feeling overwhelmed by medical bills. Compassionate Approach Patients facing medical bills can feel anxious. Train staff to approach billing inquiries with empathy and understanding.

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Healthcare IT Today

OCTOBER 31, 2023

Enhances Revenue Cycle Services Market Leadership with Patient Engagement Services and Technology Capabilities Today, Access Healthcare , a global leader in revenue cycle management (RCM) and healthcare services, announced the acquisition of Envera Health , a market leader in patient engagement services.

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Healthcare IT Today

JUNE 23, 2023

Systemic Review of RCM Processes The HAHC billing team, under a new manager, collaborated with eClinicalWorks to review and streamline the RCM process. They went through everything with our new billing manager and found places where we could improve upon – like insurance verification.” Watch the interview with Dr.

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Healthcare IT Today

MARCH 19, 2024

Originally announced February 29th, 2024

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Healthcare IT Today

APRIL 2, 2023

EHR and RCM vendor Raintree Systems announced two executive appointments : Vu Nguyen was hired as Chief Product Officer (CPO), while Scott Rongo was promoted to Chief Revenue Officer. Dot2Dot Communications selected Scalable Display Technologies to help build a headset-free immersive VR application for Alzheimer’s patients.

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Healthcare IT Today

NOVEMBER 4, 2023

Bonus Features for October 29, 2023: 66% of patients prefer email or text for reminders about medical bills, plus 94% of clinicians said lack of timely access to insights within EHR impacts patient care. RCM vendor Access Healthcare acquired Envera Health , a patient engagement vendor.

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Healthcare IT Today

DECEMBER 9, 2022

From the perspective of revenue cycle management (RCM), the updates may create revenue uncertainty. . While any changes to the status quo can cause anxiety, especially when they tie directly into revenue, with the proper knowledge, preparation, and technology, medical organizations can stay on track to reach their 2023 RCM goals. .

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Healthcare IT Today

MAY 11, 2024

Read more… A Look at RCM, AI, and a New Book Called Joy Notes. About 40% of Americans owe money on medical bills. Embedding payment and financing options can help patients pay bills with confidence , Yaacov Martin at Jifiti said. Digital strategist Nio Queiro had a wide-ranging conversation with John.

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Healthcare IT Today

JUNE 26, 2024

Leveraging the latest communications technology offers three big advantages for patients and healthcare billers: Transparency in Billing One of the biggest hurdles to patient bill payment is a lack of transparency. Patients often find medical bills confusing and difficult to understand, making them hesitant to pay.

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Healthcare IT Today

OCTOBER 24, 2022

This acquisition will also enable our EMR and billing divisions to enter new markets in the Canadian Prairies where we look forward to supporting healthcare practitioners’ access to new digital health innovations.”

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Healthcare IT Today

JULY 29, 2024

It includes representation and support of dozens of various Practice Management and EHR platforms, including as a NextGen Premier Partner and the largest channel partner for CGM Aprima and other CompuGroup Medical, Inc.

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Healthcare IT Today

SEPTEMBER 17, 2022

billion in financing from Capital One, revenue cycle management firm R1 RCM acquired Cloudmed and refinanced the company’s debt. Medical billing analytics startup AESOP Technology raised a $2.95 Funding and M&A Activity: With $2.3 Real-world analytics platform P urpleLab raised $40 million in Series B funding.

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Healthcare IT Today

JULY 20, 2022

It takes about three paper statements , on average, for consumers to pay their medical bills. Just three years ago, 90% of healthcare organizations relied on paper-based billing statements. The following is a guest article by Mark Spinner, President and CEO at AccessOne.

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Healthcare IT Today

NOVEMBER 29, 2021

Technology Partners, LLC, doing business as ImagineSoftwareTM (“Imagine”), a leading provider of medical billing automation software and revenue cycle management applications, today announced it received a strategic growth investment from Marlin Equity Partners (“Marlin”).

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Healthcare IT Today

JULY 16, 2021

Together, Waystar and Patientco will offer patients consumer-friendly experiences when paying medical bills, […]. The combination accelerates transformation in the healthcare industry and dramatically improves the patient financial experience.

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Healthcare IT Today

AUGUST 6, 2023

Partnerships Fintech company Cedar is working with Google Cloud to build AI-powered tools to hep patients understand medical bills. Clinical workflow platform Rimidi named Dr. Mark Cohen as Chief Medical Advisor. EHR and RCM vendor ModMed appointed Denise Ceule as Chief Legal Officer.

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Healthcare IT Today

MARCH 10, 2023

As such, coders are expected to “speak the language” of physicians and payers, a mistake-prone exercise that drains time from coders and physicians alike. “As

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Healthcare IT Today

JULY 18, 2024

Information provided by payers, such as Explanations of Benefits (EOB), may seem vague or unclear to patients, resulting in 72% of consumers reporting being confused once they receive their medical bill.

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Healthcare IT Today

SEPTEMBER 17, 2022

billion in financing from Capital One, revenue cycle management firm R1 RCM acquired Cloudmed and refinanced the company’s debt. Medical billing analytics startup AESOP Technology raised a $2.95 Funding and M&A Activity: With $2.3 Real-world analytics platform P urpleLab raised $40 million in Series B funding.

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Healthcare IT Today

FEBRUARY 2, 2024

It’s estimated that up to 80 percent of medical bills contain errors amounting to billions of dollars that are lost annually to payers. Benefits of Implementing a Pre-Payment Model Overreliance on a post-payment claims review process perpetuates systemic inaccuracy and waste.

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Healthcare IT Today

FEBRUARY 24, 2021

Doctors don’t seem flustered by bodily fluids or welts–what they dread is the hour-long calls with insurers, trying to persuade them to cover a test or procedure. There has to be some quality monitoring to prevent fraud and upcoding, but a lot of the time, the doctor just hasn’t coded properly or filled out the […].

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Healthcare IT Today

SEPTEMBER 23, 2024

The following is a guest article by Tom Furr, CEO at PatientPay Forty percent of U.S. hospitals are losing money, a Kaufman Hall analysis shows, even at a time when overall hospital margins are growing. Among them, community and rural hospitals are taking the worst hit.

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Healthcare IT Today

APRIL 9, 2024

According to Krisi Hutson, Senior Director of Solutions at Availity , AI can help administrative staff from the front desk to the billing office negotiate the maze.

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Healthcare IT Today

MARCH 22, 2024

According to CEO Gautamdev Chowdary, they have trained their voice-to-text transcription on medical input and made it extremely accurate with full automation. They have also achieved 100% accuracy in billing through a few extra features. The ambient voice solution at Medvise.AI focuses on the revenue cycle.

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