Revenue Cycle Management

Revenue cycle firm RelayHealth said it has processed more than $25 billion in claims using ICD-10 codes, though it's still not known how that will translate when it comes to payment by the insurers.

For many hospitals, a sound financial assistance policy is the only way to bridge the gap between giving life-saving treatment to the patients who need it, while protecting their balance sheets from bad debt.

Mobile payments solutions are gaining traction in the healthcare industry, according to experts, as the smartphone revolution takes root in American healthcare.

Uncertainty over which vendors offer the best revenue cycle management platform for them is motivating a growing number of hospitals and physician groups to outsource revenue cycle processes in lieu of making a large investment in software, according to a new report by BlackBook Research.

Banner Health will install Cerner for electronic health records software at two hospitals they recently acquired from the University of Arizona by 2018, the healthcare provider announced. The 28-hospital integrated healthcare system already uses Cerner EHR in its other facilities.

Emdeon, which bills itself as one of the largest, independent healthcare technology companies providing analytics, connectivity, communications, payments, consumer engagement and workflow optimization platforms, on Friday announced that the company will rebrand in the fourth quarter as "Change Healthcare."

For many healthcare providers, this shift from fee-for-service payments requires a number of strategic and systemic changes that, even if implemented efficiently, could put stress on their revenue cycles.

The merger consolidates technology and revenue cycle services of both companies to serve over 610 hospitals and 300 clinics in 46 states.

Those who were ready before last year's postponement are expecting it to through as planned - and hope there is no further delay.

While every financial metric carries importance in running a healthcare business, tighter margins means managing days in accounts receivable is becoming more important than ever.