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By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance across clinical, financial, operational, and compliance areas. For more information, visit wellsky.com.
New Capital Positions Cantata to Accelerate Growth as Behavioral Health Providers Look to Replace Aging EHRs TT Capital Partners (TTCP) today announced a majority investment in Cantata Health Solutions , a leading provider of healthcaretechnology solutions for providers of behavioral health, human services, acute care, and post-acute care.
To address this challenge, organizations are turning to technology and partnering with specialized vendors to improve their revenue cycle processes. The upside of adopting technology for RCM can be significant: A drop in DSO (days sales outstanding). Why communication from leaders remains key to RCM improvement.
RCM will be managed by AI-powered agents every step of the way, including generating appeals letters, submitting appeals to payers, and converting paper EOBs to ERAs. In 2025, we predict that using AI-powered agents will reduce the cost of Revenue Cycle Management (RCM) by 70%, helping streamline the end-to-end billing process.
Traditional healthcare giants (think UnitedHealth or CVS) and private equity (PE) firms are circling, but their appetites differ. billion R1 RCM take-private, thrives on snapping up undervalued assetsdistressed HealthTech fits the bill. PE, like Altaris with Sharecare or the $8.9
As electronic health record (EHR) systems become nearly universal and interoperability initiatives gain momentum, many healthcare providers assume their revenue cycle challenges are solved. The Evolution of HealthcareTechnology The healthcare industry has witnessed a dramatic technological transformation over the past 15 years.
Along the way, the company has developed clientele that expands beyond healthcare systems and hospitals to include other larger revenue cycle service providers. RSi Chief Executive Officer Brent Rollins remarked on the news, “RSi’s leadership team and Invicta’s leadership team have been acquainted for many years.
Technology can significantly alleviate some of these issues throughout the rev cycle by automating repetitive tasks, enhancing efficiency, and augmenting human capabilities. This frees up staff to focus on more complex and strategic aspects of RCM.
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