Industry News- HC
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
Read More
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing RCM with AI. Review the latest OrboNation Newsletter online or via PDF download.
Read More
The No Surprises Act — which is part of the Consolidated Appropriations Act introduced earlier this year — is a pretty straightforward proposition: It is designed eliminate some of the surprises that group health plan participants encounter from unexpected charges. Health Affairs This Week Podcast provides a tidy summary of the act. An initiative that affects revenue cycle needs further discussion : Advanced EOBs.
Read More
In case you missed it, over the past month, we have published incredible content on our OrboNation Blog and Modernizing Omnichannel Check Fraud Detection. Review the latest OrboNation Newsletter online or via PDF download.
Read More
Artificial, a software company providing a first-of-its-kind lab automation platform, recently announced the close of $21.5M Series A investment round. The round was led by M12, Microsoft’s venture fund, along with Playground Global and AME Cloud Ventures. “Artificial’s aLab Suite is especially exciting to us because it is uniquely positioned to automate the masses: It’s accessible, low code, easy to use, highly configurable and interoperable with common lab hardware and software,” M12’s Kouki Harasaki said in a statement.
Read More
UnitedHealth’s information and technology-enabled health services subsidiary Optum — a nonprofit physician group that operates 30 medical practices offering primary care, more than 50 specialties, plus imaging, lab, and pharmacy services to the Boston area — is set to acquire Massachusetts-based Atrius Health, according to The Boston Globe and reported at HealthcareFinancenews.com. Meanwhile, Ensemble Health Partners announced that the United States Patent and Trademark Office has granted three additional patents to the company for its innovative automation technology — that brings the total of Ensemble-approved patents to five.
Read More
Are you ready for the wave of changes coming to healthcare? As is to be expected when a new administration takes over in Washington, the first 100 days of President Biden’s presidency are likely to bring a number of changes for employer-sponsored health and welfare plans, says Debra Hoffman and Stephanie B. Vasconcellos of Mayer Brown in their blog at Lexology.com.
Read More
We have seen the banking and payments industries recover from the challenges of the COVID-19 Pandemic with a resurgence of checks and sustained volumes of other payments. With this recovery, banks and financial institutions can now refocus on automation and fraud prevention projects which have been delayed while the economy recovers.
Read More
To say 2020 will long be remembered as a challenging year for the healthcare industry is almost comical in its understatement. The strain put on all levels of the system, from front-line care all the way through collection and revenue cycle, has been incredible. Then comes this news out of Virginia via Healthcare Finance News: Newport News, Virginia-based Riverside Health System is coming out of 2020 able to say that it had one of its most improved collection, performance and revenue cycle years to date.
Read More
With healthcare organizations seeing lower volumes of patients for routine and elective procedures, the industry is having to withstand massive losses. While healthcare revenue for each organization depends on many factors, the American Hospital Association (AHA) reports that hospital operating margins are still down 28% year-to-date compared to 2019.
Read More