Revenue Cycle Management
The move could signal the beginnings of a new wave of RCM work in healthcare, a market emphasis that analysts figure is a multi-billion dollar opportunity.
Caleb Anderson said that one potential option is to have a vendor run the patient call center, submit claims, handle denials and more.
CareCredit-backed survey found 44 percent of those asked were not aware of financing options.
Hospitals are increasingly turning to credit checks to determine both an individual's ability to pay and to mine data on their patient population's health.
Though the cost savings tied to outsourcing revenue cycle operations for large-scale health systems can be attractive, healthcare finance leaders say there are more than a few details to consider before handing over these processes to a vendor.
About half participate in some type of an alternative payment model.
Revenue cycle management company ZirMed will launch its new Remit and Deposit Management system at HIMSS16, the company said.
J. Joel Hackney's appointment takes effect following Pamplona's buyout of MedAssets, a $2.7 billion deal announced in November.
Montefiore Health System, an academic health system which includes the University Hospital for Albert Einstein College of Medicine, has appointed Colleen Blye executive vice president and chief financial officer.
Kaufman Hall, a financial advisory and management consulting firm, has expanded an existing partnership with the Parkland Health and Hospital System in Dallas, Texas. Parkland recently upgraded to Kaufman Hall's enhanced financial management software, and also added some cost accounting and capital planning solutions to its repertoire.