Modernizing RCM with AI

InstaMed — a JP Morgan Company — recently published its 12th Annual Trends in Healthcare Payments Report. As with most services, the cost of healthcare continues to rise. However, according to the report, healthcare has become a major part of the US economy and a major expense for the population. Healthcare spending is almost 20…

As we are all aware, the pandemic has drastically changed healthcare — both in how patients are cared for and how they want to manage their care. This led a PYMNTS.com and Experian Health collaboration to better understand the important of patients portals for scheduling their appointments, receiving their results, and — most importantly —…

Over the past five years, mergers and acquisitions (M&A) within healthcare RCM have made headlines across news outlets. In fact, Justin Bentley, Managing Director-M&A and Head of Healthcare Technology at Citizens Bank, describes healthcare RCM M&A as a “white-hot sector” during the recent Healthcare Revenue Cycle Industry Brief & Opportunity Analysis Webinar. We’ve covered several…

According to a recent KaufmanHall report, although overall hospital M&A dropped from 2020 to 2021, healthcare technology — particularly RCM vendors — saw a flurry of major, high-profile mergers & acquisitions, including: Microsoft acquires Nuance for $19B Oracle acquires Cerner for $28.3B Optum acquires Change Healthcare for $13B Hellman & Friedman and Bain Capital acquires…

Before we get into the subject matter at hand, take a moment to think about the following scenario that many are all too familiar with: Imagine a person goes to their medical provider and is informed they need surgery. They schedule the surgery and goes to the medical facility only to find out that it…

As revenue cycle continues its rebound from the pandemic, the industry resumes its search for ways to increase efficiency while also realizing cost savings opportunities. If you are involved in revenue cycle in any capacity, you’re no stranger to the fact that moving towards electronic payments provides one of the largest cost savings possible. In…