Revenue Cycle Management
Most U.S. healthcare providers are simply unprepared to convert to new payment models, according to a recent survey by KPMG's Healthcare & Life Sciences Practice, which found only 15 percent of the 164 healthcare professionals surveyed said their finance departments can support capitation, bundled payments and quality-based payments.
As the healthcare industry moves from volume to value, tech vendors including Cerner, Craneware, Premier Revenue Solutions LLC and ZirMed Inc. are attempting to fill the need in the market by working with hospitals to integrate their revenue, clinical and operational systems.
Healthcare Finance showcases its top five most popular videos from the first half of the year.
Grades based on which states have legislation that dictates price transparency portals be set up.
Revenue cycle company Emdeon this week announced plans to acquire Altegra Health, an analytics firm, for $910 million, a move the companies said will better position them as the industry moves to a value-based model.
Aside from collections, the Peer60 report found 25 percent of providers plan to outsource contract management.
This is the second acquisition by Bolder Healthcare Solutions this month.
Patient satisfaction has become much more tied to costs as consumers pay more out-of-pocket for their healthcare expenses.
As hospitals see revenue squeezed, many also face pressures to raise prices even though consumers watch costs closely, Ernst & Young consultants tell a crowd at the Healthcare Financial Management Association 2015 Annual National Institute.
Healthcare Finance will be on the ground at the conference and will file live reports from the sessions.