What You Should Know: - Rivia Health, a healthcare revenue cycle management platform raises $3.25M in seed funding round led by PHX Ventures. - The seed funding will fuel the company's expansion plans, including enhancing its patient payment solution and entering new markets across the US. Streamlining Payments, Improving Efficiency The healthcare digital payment market is experiencing exponential growth, driven by factors like rising healthcare costs and increasing adoption of
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Revenue Cycle Management | News, Analysis, Insights - HIT Consultant
Ensemble Health Partners Joins Epic’s Rev Cycle Partners Program to Supercharge Revenue Cycle Optimization
What You Should Know: - Ensemble Health Partners (Ensemble), an innovator in revenue cycle management, announced its official partnership with Epic, a renowned electronic health records system (EHR) provider, in Epic's newly launched Rev Cycle Partners program. - This collaboration between Ensemble and Epic marks a significant advancement in revenue cycle optimization for healthcare organizations. By combining Ensemble's expertise with Epic's cutting-edge technology and shared commitment
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Foyer Global Health Embraces GenAI with Galytix to Transform Claims Processing
- Foyer Global Health, the international health insurer for expatriates and companies, announced today a strategic collaboration with Galytix, the GenAI platform for the financial sector, to implement HealthX, the innovative digital health platform designed specifically for insurers. - This collaboration paves the way for further advancements in healthcare data management within the IPMI sector, setting a new standard for efficiency, accuracy, and risk management. Revolutionizing
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Aidéo Technologies, MedEvolve Integrate on AI-Powered Coding & Revenue Cycle Workflow Automation
What You Should Know: - Aidéo Technologies, a leading provider of AI-powered coding workflow tools, and MedEvolve, a data-driven solutions powerhouse, today announced a strategic partnership. - The strategic collaboration will integrate Aidéo's Gemini platform and AutoCode solutions into MedEvolve's award-winning Effective Intelligence suite, streamlining workflows and boosting productivity for healthcare organizations. Streamlining RCM Operations with AI The heart of the partnership
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Patient Collections Top Revenue Cycle Worries for Healthcare Providers, Salucro Report Reveals
What You Should Know: - Salucro Healthcare Solutions, a leading healthcare payment technology company, has released its inaugural Healthcare Provider Fintech Insights Report. - The insights report sheds light on the priorities and challenges faced by revenue cycle and finance professionals in the healthcare industry, offering valuable insights into where they are investing in 2024 and beyond. A Pressing Concern: Patient Collections The report paints a clear picture of the current
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Fathom’s AI Coding Solution Lands on Google Cloud Marketplace, Supercharging Healthcare Revenue Cycle
What You Should Know: - Fathom, the leader in AI-powered medical coding automation, has announced its groundbreaking solution will be available on Google Cloud Marketplace starting in Q1 2024. - This strategic partnership brings together two industry giants, offering healthcare organizations a powerful one-stop shop for streamlining revenue cycle management and claiming the benefits of cutting-edge technology. Fathom: Automating the Revenue Cycle: The healthcare industry faces a
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How AI is Changing the Conversation Around Hospital Denials – and Improving Financial Implications in the Process
Of the many complexities within the healthcare industry, medical necessity determinations can be the most challenging – and pose one of the greatest barriers to efficient revenue cycle processes and appropriate reimbursement. Complex medical necessity policies that differ between payer, diagnosis, and presentation have muddled utilization review (UR) and revenue cycle processes for years, driving waste and friction between providers and payers that has only intensified since the pandemic. In
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Ventra and ADVOCATE RCM Merge to Create Revenue Cycle Management Powerhouse
What You Should Know: - Healthcare industry leaders Ventra Health and ADVOCATE RCM announced a groundbreaking merger today, joining forces to become one of the nation's largest and most advanced providers of end-to-end revenue cycle management (RCM) services. - This strategic move expands Ventra's reach beyond its core specialties in anesthesia, emergency medicine, and hospital medicine, while ADVOCATE RCM gains access to Ventra's extensive resources and network. Merger Impact Ventra
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M&A: Veradigm Acquires Koha Health to Strengthen Ambulatory RCM
What You Should Know: - Veradigm Inc. (NASDAQ: MDRX), a leading healthcare data and technology solutions provider, announced today the acquisition of Koha Health, a full-service revenue cycle management (RCM) company. - This strategic move strengthens Veradigm's position as a premier provider of RCM services in the ambulatory healthcare market. Financial details of the acquisition were not dislcosed. Expanding Ambulatory RCM Expertise and Reach The acquisition brings
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RPA Adoption: 74% of Hospitals Automate Revenue Cycle Tasks
What You Should Know: The healthcare revenue cycle is getting a major makeover, driven by a surge in automation and artificial intelligence (AI). A new survey by AKASA, a leading developer of AI-powered revenue cycle automation solutions, reveals that 74% of healthcare organizations are already automating some part of their revenue cycle operations, and 80% of those not currently using it plan to do so by the end of 2025. The Rise of the Robots - Automation is no longer a luxury, but a
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