Revenue Cycle Management Technology

Enterprise Strategy for Revenue Cycle Tech Not Fully Realized Yet | RevCycle Intelligence | 9/14/2020

… more enterprise approach. As advanced-user organizations replace best-of-breed technologies, though, the future is clear for enterprise revenue cycle technology adoption, KLAS stated. Most healthcare organizations use more than one vendor for revenue cycle management technology . According to a 2018 survey conducted by Dimensional Insight and HIMSS Analytics, almost 69 percent of healthcare organizations reported using more than one vendor solution for revenue cycle management. These respondent organizations …

KanTime and HealthRev Partners Execute a Preferred Partnership | PRWeb | 8/12/2020

… Partners, a leading revenue cycle management organization. This strategic partnership lends a helping hand to agencies committed to enhancing compliant patient care while driving profitability. KanTime is pairing its world-class solutions with the revenue cycle management technology and services that HealthRev Partners offers to deliver a powerful solution to handle all lines of business within the post-acute market. “Revenue Cycle Management and cash flow are the lifeblood of …

KanTime and HealthRev Partners Execute a Preferred Partnership | 8/12/2020

… Partners, a leading revenue cycle management organization. This strategic partnership lends a helping hand to agencies committed to enhancing compliant patient care while driving profitability. KanTime is pairing its world-class solutions with the revenue cycle management technology and services that HealthRev Partners offers to deliver a powerful solution to handle all lines of business within the post-acute market. “Revenue Cycle Management and cash flow are the lifeblood of …

R1 RCM buys Cerner’s revenue cycle outsourcing business for $30M | 6/9/2020

R1 RCM plans to pay $30 million for health IT giant Cerner’s revenue cycle business. Chicago-based R1, a leading revenue cycle management technology vendor, is acquiring Cerner RevWorks’ services business and commercial, nonfederal client relationships. The deal, which was announced Wednesday , does not include RevWorks’ federal clients. R1 said it plans to hire Cerner RevWorks employees once the deal closes in the third quarter of 2020. Both companies have …

Cerner RevWorks to be acquired by R1 | Healthcare IT News | 6/4/2020

R1 will pay a reported $30 million for the revenue cycle management-outsourcing division, as Cerner helps the company extend its RCM tools to its client base. June 03, 2020 05:10 PM R1, which develops revenue cycle management technology , announced Wednesday that it will acquire RevWorks, Cerner’s RCM outsourcing arm. WHY IT MATTERS The transaction, reportedly valued at $30 million, includes the services aimed at Cerner’s business and commercial clients …

Cerner RevWorks to be acquired by R1 | 6/4/2020

R1, which develops revenue cycle management technology , announced Wednesday that it will acquire RevWorks, Cerner’s RCM outsourcing arm. WHY IT MATTERS The transaction, reportedly valued at $30 million, includes the services aimed at Cerner’s business and commercial clients, but not its federal customers. R1’s revenue cycle platform is EHR-agnostic and aims to help drive lasting improvements to net patient revenue and cash flows and reduce operating costs. The …

R1 RCM buys Cerner’s revenue cycle outsourcing business for $30M | FierceHealthcare | 6/3/2020

R1 RCM plans to pay $30 million for health IT giant Cerner’s revenue cycle business. Chicago-based R1, a leading revenue cycle management technology vendor, is acquiring Cerner RevWorks’ services business and commercial, nonfederal client relationships. The deal, which was announced Wednesday , does not include RevWorks’ federal clients. R1 said it plans to hire Cerner RevWorks employees once the deal closes in the third quarter of 2020. Whitepaper Both companies …

Cerner Sells Revenue Cycle Management Outsourcing Arm | RevCycle Intelligence | 6/3/2020

… lackluster customer reviews of the outsourcing product. Source: Cerner By June 03, 2020 - EHR giant Cerner is shedding its revenue cycle management outsourcing services, according to a recent announcement. In the announcement earlier today, revenue cycle management technology company R1 RCM Inc. revealed that it will acquire Cerner RevWorks services business and commercial, non-federal client relationships. Expected to close in the third quarter of 2020, the acquisition will enable …

Outsourcing healthcare IT, revenue cycle takes toll on internal culture | Modern Healthcare | 5/30/2020

… to ensure their jobs and incomes are secure, while at the same time balancing the need to make changes that benefit our patients and communities.” As part of the agreement, R1 also established a revenue cycle management technology and innovation center in Salt Lake City, which Intermountain said brings new jobs to Utah. Intermountain shared statements from two senior executives via email, but did not make them available for interview …

Infinx Healthcare Offers Special Contingency Pricing on Its AR Optimization Solution | PR Newswire | 3/26/2020

… Based on a case study of a radiology group with an average billing of $71M per month and $25.7M average collections per month. About Infinx Healthcare Infinx provides innovative and scalable prior authorization and revenue cycle management technology solutions for healthcare providers, hospitals, imaging centers, cardiology and orthopedic practices, and laboratories. Infinx helps clients preserve and capture more revenue, enabling them to shift focus from burdensome administrative details to improving …

Implementation best practices: Getting in the revenue cycle | Healthcare IT News | 8/15/2019

… also about how a healthcare organization identifies deficiencies in its process and then finds the right technology to improve efficiency and optimize workflow, said Jennifer Carlson, director of product management at ZOLLAR Boost, a revenue cycle management technology vendor. “There are numerous technology vendors out there who will tell you that they can help solve revenue integrity issues – but how they are doing this, and at what cost to you …

CareCloud Momentum Continues with New Clients, Partners and Platform Integrations in First Fiscal Quarter 2019 | Business & Finance | manchestertimes.com | Business Wire | 6/13/2019

… to give it a try.” Client Performance CareCloud reached new performance milestones in support of a rapidly growing client base of medical groups utilizing the company’s electronic health record, patient experience, practice management and revenue cycle management technology . Welcomed nearly 400 new providers to one or more CareCloud solutions. Processed the most claims on a quarterly basis in the company’s history at 3.4 million. Billed the highest amount of total …

Hospital Financial Automation Under 25% for Most Organizations | RevCycle Intelligence | 6/11/2019

… Enterprise document management and imaging: Ciox Health Enterprise resource planning (EPR) solutions: Premier ERP Patient access software: Recondo Technology Patient Access Hospital inpatient accounting systems: MEDITECH C/S Patient Accounting For end-to-end revenue cycle management technology , hospital systems and integrated delivery networks ranked Optum360 number one in terms of client experience. Tagged …

Implementation best practices: Ringing up success with finance IT | Healthcare IT News | 5/1/2019

… same page, as well as escalation pathways for when issues need to be addressed.” Keep an eye on workflows On another front, healthcare CIOs should beware workflows. While 70 percent of hospitals have adopted revenue cycle management technology , many use EHRs combined with multiple RCM vendors, which can cause significant interoperability and workflow issues, as well as data silos, said Scott Herbst, senior vice president and general manager of provider …

R1 RCM

R1 RCM buys Cerner’s revenue cycle outsourcing business for $30M | FierceHealthcare | 6/3/2020

R1 RCM plans to pay $30 million for health IT giant Cerner’s revenue cycle business. Chicago-based R1, a leading revenue cycle management technology vendor, is acquiring Cerner RevWorks’ services business and commercial, nonfederal client relationships. The deal, which was announced Wednesday , does not include RevWorks’ federal clients. R1 said it plans to hire Cerner RevWorks employees once the deal closes in the third quarter of 2020. Whitepaper Both companies …

Cerner Sells Revenue Cycle Management Outsourcing Arm | RevCycle Intelligence | 6/3/2020

Practice Management News Cerner Sells Revenue Cycle Management Outsourcing Arm Revenue cycle management company R1 RCM will acquire Cerner RevWorks following lackluster customer reviews of the outsourcing product. Source: Cerner By June 03, 2020 - EHR giant Cerner is shedding its revenue cycle management outsourcing services, according to a recent announcement. In the announcement earlier today, revenue cycle management technology company R1 RCM Inc. revealed that it will acquire Cerner RevWorks …