From Optum launching a new AI-powered revenue cycle platform to a Florida hospital striking an RCM partnership with Ensemble, here are eight RCM updates that Becker’s reported in May:
1. Cleveland Clinic, Altamonte Springs, Fla.-based AdventHealth and the University of Miami Health System named revenue cycle executives in May.
2. R1 RCM received an investment from venture capital firm Khosla Ventures to further its push into AI-powered healthcare revenue cycle transformation.
3. Private equity firm Blackstone emerged as the front-runner to acquire revenue cycle management company AGS Health.
4. Three revenue cycle management companies backed by private equity firm New Mountain Capital combined to create an AI-powered RCM platform. Smarter Technologies is a combination of Access Healthcare, SmarterDx and Thoughtful.ai.
5. Revenue cycle leaders from Richmond, Va.-based VCU Health and Tampa, Fla.-based Moffitt Cancer Center shared with Becker’s how they are preparing for a “new and even more complex” landscape.
6. Jupiter (Fla.) Medical Center selected Ensemble Health Partners for a revenue cycle management partnership.
7. Optum launched a new AI-powered revenue cycle platform aimed at reducing administrative burden for health systems through better clinical documentation and coding accuracy.
8. Infinx Healthcare is boosting its revenue cycle management market presence with the acquisition of software company i3 Verticals’ RCM business.
