From R1 RCM closing its acquisition of Acclara from Providence to VHC Health striking a 15-year partnership with Med-Metrix, here are 10 revenue cycle management updates Becker's reported in January.
1. Ensemble Health Partners is joining Epic's new Rev Cycle Partners program, which is designed to help healthcare organizations optimize their use of Epic to improve revenue cycle outcomes.
2. Hospital and health system executives are focusing on revenue cycle management improvement over the next 12 months to enter 2025 in a more financially stable position.
3. Nearly half of revenue cycle and finance leaders surveyed said timely patient collections is their biggest concern in 2024, according to a report from Salucro Healthcare Solutions.
4. Waystar is fighting a lawsuit from an Ohio economic development organization over its purchase of Olive AI.
5. KLAS named 15 revenue cycle and operations companies among its emerging healthcare IT vendors for 2024.
6. R1 RCM completed its acquisition of revenue cycle management company Acclara from Renton, Wash.-based Providence. Upon closing, R1 RCM began a 10-year agreement to provide comprehensive RCM services for Providence.
7. Tallahassee (Fla.) Memorial HealthCare entered a revenue cycle management partnership with Ensemble Health Partners.
8. Revenue cycle management companies Ventra Heath and Advocate RCM are combining. Advocate RCM will operate as a division of Ventra.
9. St. Louis-based SSM Health and UnitedHealth Group's Optum ended their administrative partnership around inpatient care management, digital transformation and revenue cycle management.
10. Arlington, Va.-based VHC Health struck a 15-year, end-to-end revenue cycle partnership with Med-Metrix. As part of the partnership, about 200 VHC Health revenue cycle employees are now employed by Med-Metrix.