Financial/Revenue Cycle Management

The analytics startup’s research also found that less than one quarter will reach the Centers for Medicare and Medicaid Services goal by 2019, a year after CMS anticipates half of payments to be value-based.

Stakeholders have until June 27 to weigh in with the Centers for Medicare and Medicaid Services. Why should you? Experts say the Medicare Access and CHIP Reauthorization Act is an aggressive and transformational piece of rulemaking. 

Executives said that implementing the electronic health record system will enable it to add dialysis, rehabilitation, outpatient and substance abuse services that help the hospital grow.

Nearly two years after implementing workforce analytics, Robert Wood Johnson University Hospital has saved more than $10 million on costs by addressing staff issues and increasing employee engagement.

While EHR implementations can be disruptive, the hospital system implemented new clinical and revenue cycle software in January and is pointing to its strategy of engaging every employee in the electronic health records system deployment.

An experimental program called Independence at Home saved an average of $13,600 per patient during its first year. 

The platform will enable payments to be processed faster, reduce risk for hospitals transitioning to value-based care and ultimately decrease the cost of bundled procedures, the companies said. 

The collaboration aims to help health plans more easily scale both fee-for-service and value-based models.

Heritage Group announced this month the closing of its latest Healthcare Innovation Fund, backed by 15 leading healthcare organizations, at $220 million.

By Anna Gorman, Kaiser Health News Lacee Badgley, the mother of a seven-year-old, works full time as an insurance adjuster.