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RCM: Fixing the Old and Adjusting to the New

Healthcare IT Today

Revenue Cycle Management (RCM) is like a one of those huge Lego sculptures. Having a well executed RCM strategy is crucial to keep your organization running because it impacts everything. These models require providers to eliminate: Fragmented care that drives up costs. The key lies in optimization.

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Nirvana Raises $24.2M Series A to Revolutionize Health Insurance Verification

Healthcare IT Today

For providers, this also substantially reduces claim denials for their finance and RCM teams. Nirvana expansion partners in physical therapy, intensive outpatient, and primary care have already improved patient experience and workflows using Nirvana’s technology.

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Revenue Cycle Management – #HITsm Chat Topic

Healthcare IT Today

Given this event, I thought it would be fun to extend the conversation from the conference and talk about RCM (Revenue Cycle Management) on this week’s chat. T5: Who are some of your favorite companies in the RCM space? 7/8 – Technology and Advanced, Team-based Primary Care. HITsm #HFMAAnnual.

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Bonus Features – February 23, 2025 – 44% of orgs experienced a cyberattack involving a third-party vendor in the last year, 20% of patients prefer AI to phone calls if it results in faster service, plus 25 more stories

Healthcare IT Today

Prior authorization technology vendor careviso announced a strategic alliance with XiFin , an RCM vendor. Lumeris introduced Tom , an AI tool that augments primary care workflows by automating tasks such as scheduling appointments and conducting post-discharge outreach.

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Bonus Features – April 9, 2023 – 63% of RCM departments face staffing shortages, small Stanford study shows 90% of GPT answers in clinical setting are “generally safe,” and more

Healthcare IT Today

A study from CWH Advisors and Synchrony found that 63% of providers have RCM staffing shortages , and 61% expect to work with third parties for help. Awards Western New York HIE HealtheLINK was named one of the Phase 2 winners of Building Bridges to Better Health , a primary care challenge sponsored by HRSA.

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Telehealth Startup OpenLoop Raises $15 Million to Streamline Virtual Care Delivery

Healthcare IT Today

New Payer Coverage and Revenue Cycle Management With 250 million patient lives covered under 600+ of the nation’s top payers, including Medicare, Medicaid and every major private insurer, OpenLoop is also announcing today a new Payer Coverage & RCM service.

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Bonus Features – March 23, 2025 – NVIDIA expands partnerships with GE HealthCare and Lenovo, plus 25 more stories

Healthcare IT Today

Partnerships Care navigation vendor Quantum Health added Vida Health to its Premier Pharmacy platform to provide a GLP-1 weight management solution. RCM vendor R1 is partnering with Palantir Technologies to launch R37 , an AI lab focused on healthcare financial performance.