To help revenue cycle leaders shortcut reporting efforts and ultimately collect more dollars, the following are five questions they should ask about their account receivables worklists to identify opportunities for performance improvement.
The St. Louis-based health system is collaborating with the UnitedHealth subsidiary to implement technology and processes that focus on improving care quality and reducing costs. Thousands of SSM Health employees will transition to Optum as part of the deal.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
The company, which provides revenue cycle management solutions for providers, is filing for the IPO less than two years after Bon Secours Mercy Health sold its majority stake in Ensemble to private equity firm Golden Gate Capital. Per the filing, the company aims to raise $100 million, but that is likely a placeholder figure.
When CMS overpays for services, providers and commercial payers are responsible for paying the agency back, and at times, they are on the hook for millions of dollars. But technology can help healthcare stakeholders catch the mistakes that lead to overpayments, thereby reducing unnecessary costs.
The company will use the funds to develop new solutions and tools that can identify and correct anomalies in providers' revenue cycle processes and automate repetitive tasks.
Olive, which automates redundant tasks in healthcare, recently raised $400 million in a funding round. Since the start of the pandemic, the company has raised a total of $832 million.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
The New York-based rural health system has entered into a collaboration to outsource its IT and revenue cycle management operations to Optum. Further, about 500 Bassett employees, who currently perform those functions, will be given the opportunity to transition to Optum.
Effective management of RCM processes is already very important for most practices and will only become increasingly so in the future.
The Washington-based health system has filed a lawsuit against EHR giant Cerner saying it intentionally misrepresented its products and services. Cerner's systems did not operate as promised, leading to severe cash collection issues at Astria Health and forcing it into bankruptcy in 2019, the suit alleges.
What are the Covid-related changes in consumer behavior that will stick in the healthcare revenue cycle following the pandemic? Here are three trends that could reshape customer service in the revenue cycle.
We will highlight Build My Health's revenue practice management tools, which could help physician practices add up to $250,000 to their practices.
As RPA’s value for revenue cycle continues to be explored, leaders need to go beyond the hype and determine a practical path to innovation that takes into account the organization’s capacity for innovation and the road map that will best take the organization to its desired digital destination.
Digitizing and automating what can be an inefficient process is the kind of low-hanging fruit that many startups target. Revenue cycle management offers fertile ground for those purposes.
Patient scheduling is increasingly seen as a key part of revenue cycle management. It also can help create a more welcoming "digital front door" that improves access to care and the overall patient experience.
MyDirectHealth was founded in 2006 and has developed a SaaS model intended to enable better care coordination by providing software allowing patients to more easily book appointments.
The deal leaves Bain Capital with a minority stake in the company and values Waystar at $2.7 billion.