Financial/Revenue Cycle Management

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.

Many physicians have waited with bated breath for the end of meaningful use, looking forward to a new era of less burdensome compliance requirements and more realistic reporting guidelines. This may not be what they had in mind.

NantHealth, the personalized medicine company founded by Patrick Soon-Shiong, MD, has registered for a $92 million initial public offering. That number may seem low for a company used to securing nine-figure investments, but it is likely just a placeholder.

The proposal would keep hospitals and clinics private, allow physicians to bill under a fee-for-service model, and be funded by rolling combining current sources of government health spending into a single fund with modest new taxes.