GE Healthcare Financial Services and the Healthcare Financial Management Association (HFMA) have announced the release of "Healthcare Payment: Goals, Trends and Strategies," the first installment of their "Financing the Future III" series, which will look at payment system goals and gaps, today's payment trends, including consumer-direct healthcare and pay-for-performance, and strategies for addressing the current situation. In addition, GE Healthcare Financial Services has launched a new brand campaign that is designed to present the company as "healthcare's most resourceful problem solvers."
Omnicell, Inc., a Mountain View, Calif.-based provider of patient safety technology, has announced that it intends to offer to sell, subject to market and other conditions, 3.9 million shares of its common stock pursuant to an effective registration statement previously filed with the Securities and Exchange Commission.
Bertram Capital, a Palo Alto, Calif.-based private equity firm, has taken a majority interest in Physicians Management Group LLC, a Los Angeles-based provider of revenue cycle management services to the healthcare industry.
Vimo.com, a Mountain View, Calif.-based comparison-shopping site for healthcare, has unveiled an online interactive atlas that details the availability of affordable health insurance in all 50 states. The atlas focuses exclusively on the market for high-deductible health plans (HDHPs) that qualify holders for health savings accounts (HSAs).
Sovereign Bank of Boston and the Massachusetts Business Association have announced a deal to make Sovereign's health savings accounts (HSAs) available to MBA members.
MEDai, Inc. of Orlando, Fla., a provider of advanced solutions for healthcare based on predictive modeling technology, has announced that its solutions have received the highest R2 and lower Mean Absolute Predictive Error (MAPE), the two most important criteria in predictive modeling, in the recent Health Risk Assessment Study performed by the Society of Actuaries (SOA).
MDWerks, Inc., a Deerfield Beach, Fla.-based provider of Web-based electronic claims management and funding solutions, has signed a marketing agreement with the Bollinger Property & Casualty Division of Bollinger, Inc. Under the agreement, Bollinger will introduce MDWerks to prospective physician clients.
UMB Payment & Technology Solutions of Kansas City, Mo. has announced the deployment of UMB Remote Deposit, an application that supports new and existing ACH rules, account receivable entries (ARC) and back office conversion (BOC). The Internet-based software is provided by RemitPro of Omaha, Neb.
The CIT Group, Inc., a New York-based provider of commercial and consumer financial solutions, has announced the completed acquisition of the U.S. Business Technology Finance unit of Citigroup, Inc.
GSI Securitization Ltd. of Princeton, N.J. and MediCredit, Inc. have established a marketing, sales and funding strategic alliance to finance commercial health insurance, worker's compensation, no-fault/PIP, Medicare, Champus and company and union sponsored benefit plans. This represents a new phase and expansion of GSI's business in the healthcare asset-backed receivable market for clinics, diagnostic testing facilities, laboratories, private and group physician practices, home healthcare agencies, substance abuse clinics, rehabilitation facilities and hospitals.
The CPM Marketing Group, Inc. of Madison, Wis. has released a Performance Monitoring Dashboard, a data visualization solution in the form of an Internet-based dashboard for ROI tracking and measurement.
ICSGlobal, Ltd., a Sydney, Australia-based software provider to the healthcare industry, has announced that it has signed a letter of intent with a U.S. consortium to provide a software payments system for the U.S. healthcare system. The company said the consortium, BoardTrust, is an independent organization linked to the Medical Banking Project, and the as-yet-unnamed stakeholders will include major U.S. banks and healthcare organizations.
Evolution Benefits, Inc. of Avon, Conn. and The Bancorp Bank of Wilmington, Del. have entered into an agreement to provide an integrated solution combining The Bancorp Bank's health savings accounts and EB's prepaid benefits card, known as Benny, to support advanced consumer-directed healthcare plans.
National Healthcare Exchange Services, Inc. of Sacramento, Calif. has signed a contract with the University of California San Francisco (UCSF) Medical Group to implement eobResolve to improve contract compliance and revenue recovery in addition to contract modeling and other decision support features.
Atlanta-based MedAvant Healthcare Solutions has announced a new version of its premium service and availability of an application programming interface for its business partners. The upgraded premium service will allow providers sending institutional claims and insurance payers to take advantage of MedAvant's Web-based revenue cycle management tools. The API will allow business partners, such as software vendors, to use data from MedAvant's PhoenixSM processing system.
Emmi Solutions, LLC has announced a deal with the ProMutual Group, a Boston-based provider of medical liability insurance in the Northeast, to offer at a discount annual subscriptions to EmmiPrep, a Web-based patient education and risk management tool for healthcare providers.