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Revenue Cycle Management

Revenue cycle management is a comprehensive term to describe the processes and systems in place at healthcare providers to collect revenue owed from patient services. This includes extensive billing and coding operations for insurance and government reimbursement, management of medical receivables, outreach to charity care payers, and the creation and management of a healthcare debt collection network.

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Latest Ontario Systems Whitepaper Examines Issues Around Self-Pay Revenue

According to Healthcare Finance News, more than half of provider bills don’t get paid. And for every dollar billed to patients, providers have historically failed to collect 65 cents. Providers are experts at managing insurance reimbursement, but collecting self-pay dollars is a different story. With the average annual deductible for covered workers increasing 255% since 2006 and projected […]

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New Credit Bureau Reporting Requirements for Debt Collection Agencies and Debt Buyers Become Effective This Week

New mandatory credit bureau reporting process changes that had been announced earlier this year will become effective this Wednesday, June 15.  The three major credit bureaus issued a memo in March, stating that the purpose is to provide consumers more transparency. The bureaus established the plan in conjunction with several states’ Attorneys General. New requirements […]

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Executive Changes: Ontario Systems Hires Two Top Healthcare Revenue Cycle Experts

MUNCIE, Ind. – Ontario Systems, a leading accounts receivable management (ARM) and healthcare revenue cycle management (RCM) technology and services provider, has hired two industry leaders in healthcare RCM, Shawn Yates and Mike Mullins. Continuing its growth from 2015, Ontario brings in new healthcare talent to continue building the most robust RCM team for the […]

Frost-Arnett Growth Prompts Expansion, Headquarter Relocation to New Facility

NASHVILLE, Tenn., — Frost-Arnett today announced it is relocating its headquarters to a new Nashville address in August that more than doubles the space of its current downtown office. Frost-Arnett, a leader in the Accounts Receivable Management for the healthcare industry, will move from its 16,000 square-foot downtown headquarters on James Robertson Parkway to a […]

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Hollis Cobb Associates Acquires Healthcare Financial Services

NORCROSS, Ga. – Hollis Cobb Associates announces its acquisition of Healthcare Financial Services, located in Jackson, Mississippi.  This represents Hollis Cobb’s fifth acquisition in the past three years as they continue their national leadership as outsourcers of the revenue cycles within the healthcare provider market. This acquisition is significant as it represents the largest deal […]

Kaulkin Ginsberg Offers Executive Summary on the Healthcare Market

The series provides accounts receivable management business owners with an in-depth analysis of the healthcare industry. As the whitepaper makes clear, healthcare is a very diverse sector; however, most ARM companies only focus their efforts on hospitals – the largest segment of the healthcare industry. The end result is often a lot of money on the table — opportunities that could be very lucrative, especially for operations looking to diversify and avoid concentration risk.

The Intelitech Group Updates Analytics Offering for Agencies Collecting Medical Debt

Camas, Wash. - The Intelitech Group™, a premiere analytics provider and consulting practice in the ARM industry, announced today it has updated its analytics offering in medical accounts receivable.  This update assists agencies that use The Intelitech Group’s premiere analytics services when collecting medical debt, by providing improved accuracy in knowing the ability and willingness of account holders to […]

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Accretive Health Back In the News; This Time It’s Positive

The St. Louis Post-Dispatch reported yesterday that Ascension and TowerBrook Capital Partners will invest $200 million in Accretive Health, a Chicago-based medical billing and debt collection firm. Ascension is a Catholic hospital system, and was the first customer for Accretive in 2004, when it was a start up. The deal also gives the investors the option to […]