Private equity firms Veritas Capital and Evergreen Coast Capital have closed on their $5.7 billion purchase of Athenahealth, which will be combined with Virence Health Technologies under the Athenahealth name and brand.
The Renton, Wash.-based integrated healthcare system acquired Lumedic, which aims to inject efficiency and interoperability into what are often archaic systems of collecting, analyzing and distributing claims and billing.
About 1,650 Trinity Health employees will see their positions relocated to Michigan and Ohio or outsourced to a vendor in the coming years as the system transitions to an Epic EHR system.
Despite near-record bookings in the fourth quarter of 2018, Cerner Corp. missed its revenue expectations and recorded a sharp drop in operating earnings.
Premier reported strong growth in its performance services segment in the second quarter of its fiscal 2019, while its much larger supply chain services segment grew only 1% year-over-year.
A combination of scale and operational savvy honed over its 50-year history has made HCA the well-oiled, well-managed corporate machine it is today.
A number of speakers at this year's Healthcare Financial Management Association's conference urged health system financial executives to set aside their reservations and more fully embrace value-based purchasing.
Patient balance after insurance rose from 8% of the total bill responsibility in the first quarter of 2012 to 12.2% in the first quarter of 2017, which is inflating providers' bad debt.
The growing availability of personalized estimator tools makes it harder for hospitals to argue they shouldn't be required to publish prices, as the CMS wants.
Providers aren't using the standardized metrics and tech solutions needed to transition behavioral health into value-based pay models.
The venture aims to leverage machine learning and artificial intelligence to boost revenue and cash flow while lowering the cost of bill collecting. It's slated to launch this summer.
Outside of small contracts, R1 RCM hasn't announced major revenue-cycle clients it didn't already have ties with since its 2011 partnership with Intermountain Healthcare. Investors will closely watch Friday's financial release for signs the company, formerly Accretive Health, is on the rebound.