Healthcare technology company athenahealth, introduced new automation and AI-based software innovations that streamlines and lowers the burden of revenue cycle management (RCM) for thousands of physician practices.
The company aims to eliminate at least half of the work currently handled by athenahealth practices over the next three years, while increasing the speed, accuracy and quality of RCM...
StrataPT, a billing practice management software provider, has secured $25 million in financing in a round led by Council Capital.
In a statement, the company said that the funding comes at a time when it is seeing growing demand for its SaaS-based platform that integrates electronic medical records (EMR), revenue cycle management (RCM), billing and collections into one solution.
Council Capital...
Healthcare automation company Olive is selling its AI-enabled utilization management tool for payers to health information network Availity.
The deal marks another product divestiture for Olive. Axios first reported last fall the company was selling its population health and 340B management tools to healthcare AI company Rotera.
Those sales came several months after Olive announced it was laying...
OpenLoop, which provides staffing and support to digital health companies launching virtual care services, garnered $15 million in Series A funding and announced a nationwide payer network and revenue cycle management service.
Nava Ventures led the round, with participation from PrimeTime Ventures, UnityPoint Health Ventures, ManchesterStory and SpringTide Ventures.
WHAT IT DOES
The Iowa-based...
Healthcare fintech PayZen raised $20 million in an equity funding round, led by 7wireVentures, and received a $200 million credit facility from Viola Credit.
Others participating in the equity raise include previous investors SignalFire, Link Ventures and Picus Capital. Lee Shapiro, managing partner at 7wireVentures and former chief financial officer of chronic care management company Livongo,...
Singapore-based healthcare data exchange platform Smarter Health announced Monday it had raised $5.15 million SGD ($3.8 million USD) in Series A funding.
The round was led by East Ventures, with participation from Citrine Capital, HMI Group and Emtek.
WHAT IT DOES
Smarter offers a platform that allows for easier data exchange between payers, providers and patients.
That includes products that...
TailorMed, a platform that allows healthcare providers to manage their finances, check health plans and estimate out-of-pocket costs for uninsured patients, has acquired fellow financial management company Vivor.
TailorMed’s tool also automates the process of identifying patients who may need financial assistance and connects them with resources like government subsidies and programs, co-pay...
Healthcare systems are increasingly turning to automated revenue cycle solutions, with nearly eight in 10 (78%) health systems currently using or in the process of deploying automation in their revenue cycle operations.
That's according to a survey conducted through the Healthcare Financial Management Association’s (HFMA) Pulse Survey program. The results were based on responses from nearly 400...
For decades, investors, startups and a broad host of established players have viewed healthcare as ripe for innovation. However, the industry has been challenged by the momentum of the status quo – the scale, complexity, volume and ingrained practices that all need to change to wring out some much-needed efficiency.
As we were taught in physics class, the more momentum something has, the more...
