From IKS Health striking a deal to acquire TruBridge, to a look at Prime Healthcare’s revenue cycle playbook for hospital acquisitions, here are 10 revenue cycle updates Becker’s reported in April:
1. IKS Health signed a definitive agreement to acquire TruBridge, which provides revenue cycle management and EHR services for rural and community hospitals.
2. Nashville, Tenn.-based HCA Healthcare is seeing rising denials and underpayments, but efforts to strengthen its revenue cycle are helping mitigate the effects, CFO Mike Marks said.
3. Revenue cycle has become a critical lever for health systems navigating rising costs, reimbursement pressure and increasingly aggressive payer behavior. For Ontario, Calif.-based Prime Healthcare, it is also the foundation of how the organization approaches hospital acquisitions and executing financial turnarounds.
4. Becker’s launched a new “revenue cycle leaders to know” series, highlighting five revenue cycle leaders each week. Becker’s is accepting nominations for revenue cycle leaders to be featured in this weekly series. Reach out to Andrew Cass (acass@beckershealthcare.com) or Alan Condon (acondon@beckershealthcare.com).
5. A new class of contenders is entering the AI arms race between payers and health systems.
6. R1 RCM introduced two new AI-powered tools through its Phare Operating System.
7. Mount Sinai’s first chief revenue officer — Debra Jaeger, MSN, RN — spoke with Becker’s about the system’s efforts to transform its revenue cycle.
8. The revenue cycle has always been a battleground between payers and providers, but AI is raising the stakes in ways that hospital finance leaders say are becoming increasingly difficult to absorb.
9. Payer challenges remain the top stressor for revenue cycle leaders, according to a report from Guidehouse.
10. Revenue cycle management company Ensemble Health Partners is working with clinical intelligence company Cohere to build the healthcare industry’s first RCM-native large language model.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
