Revenue Cycle Management
Perhaps the biggest problem with antiquated claims processing methods is the wondering: Did the claim go through? Was it complete? Is there a hang-up somewhere? Where exactly is the claim? Will it be paid or will be it be rejected? All of these questions arise when the financial operations staff doesn't have a window into revenue cycle machinations.
MedAssets, an Atlanta-based provider of supply chain management solutions, announced on Tuesday that it has agreed to acquire The Broadlane Group for roughly $850 million in cash. The deal, expected to be completed within three months, would combine two of the top four healthcare group purchasing organizations in the nation.
A manager of patient receivables for more than 2,000 healthcare providers nationwide is expanding its size and scope with an acquisition, a new hire and the launch of a full-fledged revenue cycle management platform.
A company offering Web-based billing management software for small physician practices is looking to boost business with a new infusion of cash.
CarePayment Technologies, Inc., a Portland, Ore.-based provider of financial and patient advocacy services for healthcare providers, has acquired San Francisco-based Vitality Financial, which provides hospital payment solutions to medical providers and patients.
In a move that will add government program patient eligibility and enrollment services to its revenue cycle management suite, Emdeon has announced its agreement to acquire Chamberlin Edmonds & Associates, which serves more than 200 acute care facilities in 30 states.
CarePayment Technologies, Inc., a healthcare financial services company in Portland, Ore., has acquired San Francisco-based Vitality Financial, which provides hospital payment solutions to providers and patients.
CMS has issued instructions to states on how they can qualify for the extended enhanced federal Medicaid matching rates under H.R. 1586.
American CareSource Holdings, Inc., based in Dallas, has added three clients to its portfolio: Caprock HealthPlans, Inc., a Lubbock, Texas-based third party administrator, GreenTree Administrators, Inc., a Beaumont, Texas-based regional third party administrator, and Community Claims Administration, an Orange, Calif.-based third party administrator.
Michael Taylor is vice president of revenue cycle management at Cincinnati Children's Hospital Medical Center. The not-for-profit pediatric academic medical center has 523 registered inpatient beds, and had total operating revenues of $1,487,857 last year. Editor Richard Pizzi spoke recently with Taylor about the organization of revenue cycle operations at Cincinnati Children's, including some steps his team has taken to boost efficient operations.