Latest RCM News News

Generative AI Appeals to Healthcare Orgs for Revenue Cycle Operations

November 20, 2023 - Financial leaders at healthcare organizations are interested in using generative artificial intelligence (AI) to streamline revenue cycle operations, according to a survey from AKASA. The survey reflects responses from more than 250 chief financial officers (CFOs) and financial leaders at health systems and hospitals nationwide. More than 70...


Articles

Medical Billing Outsourcing Market to Grow at 16% CAGR

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The medical billing outsourcing market is anticipating historical growth during 2022, with its value expected to grow at a CAGR of 16 percent between 2022 and 2032, according to a recently...

22% of Revenue Cycle Leaders Outsource Outpatient RCM Services

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Over one in five revenue cycle leaders handle their own inpatient revenue cycle management (RCM) operations but have turned to outsourcing for some ancillary and outpatient RCM processes, according to...

Cerner Partnership Leverages AI for Revenue Cycle Automation

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Cerner aims to help members achieve revenue cycle automation by providing access to an artificial intelligence (AI)-driven platform through a collaboration with AKASA. “We’re excited to...

New Revenue Cycle Management Offerings Introduced at HIMSS22

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A handful of software companies introduced new products this week at the annual Healthcare Information and Management Systems Society (HIMSS) Global Health Conference and Exhibition in Orlando,...

CMS Increases Medicare Payments for At-Home COVID-19 Vaccinations

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Medicare payments will increase by $35 per dose for providers who administer at-home COVID-19 vaccinations for Medicare beneficiaries, CMS announced today. In alignment with President Biden’s...

Chiquita Brooks-LaSure Becomes Next CMS Administrator

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The Senate has confirmed Chiquita Brooks-LaSure to lead the Centers for Medicare & Medicaid Services (CMS) by a vote of 55 to 44. Brooks-LaSure is the first Black woman to lead the agency...

HHS Distributes $1B to Rural Health Providers for COVID-19 Relief

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The Health Resources and Services Administration (HRSA), an arm of the HHS, is distributing nearly $1 billion from the Biden Administration’s American Rescue Plan to help rural health providers...

CMS Finalizes Changes to CJR, Joint Replacement Medicare Model

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CMS issued a final rule that makes changes to the Comprehensive Care for Joint Replacement (CJR) model, including revised episode definition and payment methodology, to adapt the model to changes in...

Seema Verma Resigns as CMS Administrator Ahead of Biden Inauguration

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Seema Verma announced on her Twitter today that she is resigning as CMS Administrator in preparation for a new Medicare and Medicaid leader coming in next week under the Biden...

Intermountain, Sanford Announce Intended Healthcare Merger Deal

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Intermountain Healthcare and Sanford Health have announced a healthcare merger deal to improve access to high value healthcare across the US. Headquartered in Utah, the combined organizations will...

Latest Coronavirus Updates for the Healthcare Community

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Editors across the Xtelligent Healthcare Media network of sites will be providing ongoing coverage of the COVID-19 pandemic and its impact on healthcare in the United States. Our team will be...

CMS Proposes Updates for OPPS, Pitches Price Transparency Rules

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CMS has released three new proposed payment programs that aim to reduce administrative burden, put patients over paperwork, and increase price transparency for patients, the agency said in a statement...

Baylor Scott & White, Memorial Hermann Eye Hospital Merger Deal

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Two major non-profit health systems in Texas recently announced their plans for a hospital merger, which is expected to advance cost-effective patient care in the state. Baylor Scott & White...

CMS Clarifies Healthcare Price Transparency Rules for Hospitals

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CMS recently expanded on new healthcare price transparency requirements for hospitals in a series of frequently asked questions (FAQs) published on its website. The FAQs cover which hospitals are...

CMS Finds Errors in 2019 MIPS Payment Adjustment Calculations

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CMS recently announced that it is extending the targeted review deadline for 2017 Merit-Based Incentive Payment System (MIPS) performance feedback after the federal agency identified three errors with...

Hospitals Create Drug Company to Combat Drug Shortages, Prices

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Seven health systems are stepping up to the plate to tackle two of the healthcare industry’s most pressing challenges: drug shortages and rising prescription drug rates. Catholic Health...

Next Generation ACOs Save Medicare $62M, Maintain Care Quality

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Accountable care organizations (ACOs) in the Next Generation ACO program produced nearly $62 million in net savings to Medicare while maintaining care quality in 2016, CMS recently reported in the...

CMS Initiative to Create Pediatric APMs to Address Opioid Crisis

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A new CMS Innovation Center initiative will call on local stakeholders and Medicaid agencies to develop alternative payment models that address the impact of the opioid crisis for children, CMS...

CMS Moves Medicare Payments for Skilled Nursing Facilities to Value

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CMS recently finalized a rule that will shift the Medicare payment system for skilled nursing facilities (SNF) away from fee-for-service and toward value starting in 2019. The federal agency will make...