Transforming healthcare — in terms of payments efficiencies, so that providers get paid and patients are able to handle the financial responsibilities tied to getting the care they need — is a bit like turning a battleship around on the open seas. It takes time,...
Brazilian startup Carecode has closed a pre-seed round to support the development of its service that uses conversational artificial intelligence (AI) to deliver customer service in healthcare. The service enables healthcare companies to talk in the tone of their brand, “with empathy and clarity”; provide...
Anatomy Financial has raised $19 million in a Series A funding round to expand its solutions that enable healthcare practices to convert their billing workflows from paper to digital. The company’s solutions include healthcare lockbox services, Explanation of Benefits (EOB) conversion to 835 files, and...
The Indian Health Service (IHS) and the Consumer Financial Protection Bureau (CFPB) have written a joint letter addressing improper bills and collection on improper bills targeting IHS-approved Purchased/Referred Care (PRC) program patients. The letter reiterates that the Indian Health Care Improvement Act (IHCIA) prohibits medical providers, suppliers or...
FSA Store has launched a tool designed to help consumers use flexible spending account (FSA) funds and ensure they don’t forfeit them at the deadline. The new FSA deadline tool serves the 70% of FSA users who have Dec. 31 as their use-it-or-lose-it deadline, the...
Adyen and Doctolib have teamed up to offer embedded financial products to medical professionals in Europe. With this partnership, Doctolib’s digital healthcare services will expand to include Adyen’s online payment solutions and broader financial services, the companies said in a Wednesday (Nov. 27) press release....
Health technology company Royal Philips and Amazon Web Services (AWS) have expanded their strategic collaboration to offer Philips’ integrated diagnostics portfolio in the cloud. Having already transitioned 150 sites across North America and Latin America to Philips HealthSuite Imaging on AWS, Philips and AWS will...
Healthcare is among the largest and most complex of industries in the United States. As estimated by the Centers for Medicare and Medicaid Services, the sector accounts for more than $4.3 trillion in spending and more than 17% of total U.S. GDP, as measured in...
Treasurers play a vital role in healthcare firms by managing liquidity and influencing financial health. But how often is their expertise underutilized due to limited interdepartmental collaboration? Healthcare treasurers report significant barriers preventing them from fully contributing to strategic decisions. The consequences? Reduced cash flow...