Meduit Blog

We designed the new Meduit website with our healthcare clients, their patients, and the broader healthcare community in mind. Our goal is to be a valuable resource, offering insights and information about today’s most pressing RCM challenges, along with best-practice solutions. 

In many ways, the healthcare RCM industry looks nothing like it did just a few short years ago. AI, robotic process automation, and analytics have changed everything for the better and sometimes for the worse.Organizations equipped with AI-inspired solutions are navigating ongoing workforce shortages effectively and mitigating claim ...

What should an academic medical center with multiple hospitals do when facing a surge of claim denials and a growing backlog of aging accounts receivable (AR)? Asking for help is smart. However, asking for help from a partner with a comprehensive claim denials playbook can be truly transformative.

The introduction of AI to revenue cycle management (RCM) is having a dramatic impact on healthcare systems across the country. By automating and bringing more accuracy, speed and efficiency to mundane tasks, such as processing, coding and billing, AI helps systems reduce costs while accelerating cash flow. As ...

With AI-driven claim denials skyrocketing and a shortage of qualified revenue cycle employees available to tackle the resulting workload, hospitals and health systems are failing to collect the revenue they’re owed at an alarming rate.

“The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” – Bill Gates

The introduction of artificial intelligence and automation has been nothing short of transformative for healthcare RCM. After only a few years on the scene, it’s difficult to find an area of our industry that hasn’t been impacted by AI, from coding and billing to streamlining patient payments.

As we approach the halfway mark of 2024, healthcare costs in the United States continue to reach unprecedented heights. In 2023, expenditures were expected to reach up to $4.7 trillion. In 2031, that number is projected to be $7.2 trillion. (1) These dollar amounts underscore how critical it is for hospitals, health ...

  Insurance denial rates have increased 20% in the last five years, according to a report by Healthcare Finance News. These ...

Managing denied claims has long put a financial strain on hospitals and health systems. In the past few years, the problem has only worsened as payers use AI to help delay payments and turn the claims process into a labyrinth for hospitals to navigate.

An astonishing 84% of health systems cite lower reimbursement from payers as a top cause of low operational margins, according to a report published by the Healthcare Financial Management Association (HFMA) and Eliciting Insights, a healthcare strategy and market research company.

This is a critical year for healthcare providers and their revenue cycle health. Though hospital margins are on the rebound, staffing shortages and rising labor costs persist, while claim denials continue to increase at a double-digit pace. Escalating healthcare costs are fueling a need to improve the patient ...

Do you feel like your healthcare enterprise is playing a board game and rolling the dice when it comes to managing claim denials? You are not alone. The follow-up process has certainly changed and become a huge burden for providers.

2023 was an important transitional year for healthcare. The COVID-19 federal health emergency has ended, and along with it, government programs such as the Coronavirus Aid, Relief and Economic Security (CARES) Act, that helped mitigate the economic burden on hospitals and providers.

Meduit’s Net Promoter® Score (NPS) for 2023 is in, and we are proud to report Meduit has achieved a rating of 62. To compare, other companies received these scores:

At Meduit, we are seeing a gradual but encouraging financial recovery for our hospital, health system and physician group partners. However, staffing shortfalls and rising claim denials continue to hamper smooth operations.

While most healthcare providers are seeing stabilizing finances, staffing shortfalls and concerns over long-term financial health still exist. Many hospital leaders are looking to outsourcing and found money solutions in order to maximize financial recovery. That is why we have just ...

Meduit’s PFX Tracker Pilot Program with Banner Empowers Patients and Providers Charlotte, NC – With the ever-growing premium placed on the patient financial experience in healthcare, Meduit, the ...

Healthcare providers nationwide are still grappling with the impact of COVID-19 on staffing shortages and thin financial margins. That is why we have just launched Episode 2 of our award-winning podcast series – Solutions for Staffing Shortages that Accelerate the Revenue Cycle. 

Employees across our company participated in Meduit’s Mighty Give-Back campaign for 2023, collecting 7 tons of food and other items to be donated to charitable organizations. This achievement represents more than 150% of our overall company goal. 

Healthcare costs are expected to rise a whopping 7% next year, according to a new report by PricewaterhouseCoopers (PwC), which also reports that hospitals and physician groups are turning to contract renegotiations with health insurance companies to close the gap.  

U.S. hospitals and health systems are still struggling with staffing shortages, creating challenges for delivering patient care and negatively impacting the revenue cycle. The staffing crunch means fewer human resources are available to resolve accounts receivable and drive needed revenue. This is where artificial intelligence (AI) solutions ...

The federal government’s “continuous enrollment provision,” which was part of the Families First Corona Virus Response Act that went into effect in March 2020, has now ended. As a result, more than a million people with Medicaid have lost coverage as of June 12, 2023, according to a new article in Becker’s. 

Is your hospital, health system or physician group challenged by thin financial margins and staffing shortages? Meduit can help with our Extended Business Office (EBO) services. We work as a seamless extension of your business office to streamline your revenue cycle processes, improve cash flow, reduce AR days and enhance the overall financial ...

Hospitals and health systems across the country are struggling with thin financial margins and staffing shortages that negatively impact the revenue cycle. That is why Meduit has just launched Season 3 of our award-winning podcast series with Episode 1 – Outsourcing Insurance Accounts for Maximum Cash ...

Razor-thin margins and staffing shortages continue to negatively impact hospitals, health systems and physician groups. To trim costs, many healthcare organizations squeeze their revenue cycle management (RCM) budgets and opt for low-budget solutions that only deliver short-term ...

Resolving accounts receivable in a timely manner to maximize revenues is a common challenge among healthcare organizations. That was the case with the University of California San Francisco (UCSF) and Marin Health.

Hospitals and health systems continue to struggle with staffing and revenue cycle challenges in the post-COVID-19 era. Children’s Hospital of Orange County (CHOC) CA is no exception. CHOC leadership wanted to explore how artificial intelligence (AI) could:

While 2022 was the worst financial year in history for hospitals, health systems and physician groups, the good news is that there is no better time than now to recover missed revenues. In fact, most provider organizations are owed millions of dollars that they either are not aware of or don’t have the staff and technology to recover.

Rising deductibles and the increased financial burden placed on patients have made it more difficult for patients to pay their medical bills, impacting healthcare providers’ ability to collect outstanding revenues.

Hospitals and health systems across the country continue to be plagued by staffing shortages that impact their ability to resolve accounts receivable (AR) and drive a healthy bottom line. As those accounts age, they become less collectible over time. One of the best solutions for resolving aged accounts is outsourcing those accounts at the ...

Most hospitals are missing at least $1M in revenue from Medicare bad debt. Unfortunately, most are unaware that this revenue is available and collectible. F2 Healthcare (a Meduit company) can help. Our team has found missed value 100% of the time by leveraging advanced technologies that identify these missed revenues. Then we move to ...

In 2022, healthcare providers experienced one of the worst financial years on record while payers reported record profits. This imbalance indicates that providers have the opportunity to leverage strategic revenue cycle processes to recoup and rebuild revenues. When healthcare providers and payer revenues are in balance, both industries ...

Charlotte, NC – Meduit, one of the top healthcare revenue cycle solutions companies in the nation, announced today that its Employee Satisfaction Score continues to rise. Since beginning Employee Satisfaction surveys in 2018, Meduit has seen a steady increase in its mean score from 3.61 (2018) to 4.1 (2022) on a 5-point scale. Meduit also ...

Hospitals and health systems have lost significant revenue, including bad debt from Medicare accounts, because of the impact of the COVID-19 pandemic. While the Centers for Medicare and Medicaid Services (CMS) provide reimbursement for roughly $3.5B of unpaid deductible and coinsurance amounts per year to hospitals for Medicare bad debt, nearly ...

Meduit's SARA (Supervised Autonomous Revenue Associate) has worked more than 1 million hospital, health system and physician accounts since her launch. Just a few months ago, she achieved the goal of completing the work of more than 100 full-time employees, freeing staff to focus on more complex RCM challenges.

Meduit’s Net Promoter® Score (NPS) from our client surveys for 2022 is in. We are very pleased to report we’ve achieved a rating of 68, which is an increase of TEN points over 2021. To compare, other companies received these scores:

As we usher in a new year, it’s tempting to think last year's challenges will magically go away, and we can start with a clean slate. Unfortunately, three years of COVID-19 continue to impact hospitals, health systems and physician groups. In revenue cycle management, we expect that the healthcare industry will still be dealing with:  

Approximately 5% of the patient population - or 3.8 million - drop from public coverage every month, resulting in $38 billion in uncompensated care in spite of the fact that more patient encounters qualify for reimbursement than ever before due to the passage of the Affordable Care Act (ACA). The states that have expanded Medicaid have made the ...

Charlotte, NC – Meduit, a leading healthcare revenue cycle solutions company, announced today that JP Recovery Services (JPRS) has joined the Meduit organization. Together, the two companies will leverage their combined capabilities to provide a full spectrum of revenue cycle solutions to healthcare organizations in 48 states.

We are proud to announce that Lisa Keffer, Relationship Manager at Meduit, has been selected via vote to hold the position of Regional Executive for HFMA Region 9. This is a very high and honored position that comes after years of outstanding service and leadership. Lisa's three-year term begins June 2023.

Are self-service patient billing solutions the answer to maximizing revenue? Self-service vendors advertise that they are, but the reality is much different. Meduit's case study An Examination of Self-service Patient Billing Solutions takes a look at a 600+ bed health center with 26 locations across 25 counties in the Southwest to find ...

Is your hospital or health system missing revenue from Medicare, Medicare Advantage or uncompensated care reporting? Most healthcare organizations are, but don't have to be. F2 Healthcare (a Meduit company) can help your enterprise recover every dollar in these high-value, niche reimbursement areas.

COVID-19 has impacted the healthcare industry more than any other event in a century. Providers are still struggling to recover from a myriad of issues, including financial instability, staffing shortages and patient retention.

Episode 3(Season 2) of Meduit's award-winning podcast series - The Latest and Greatest in AI for Revenue Cycle Management - is now live.

Charlotte, NC - Meduit, one of the top three healthcare revenue cycle solutions companies in the nation, announced today that their artificial intelligence (AI) technology SARA - short for Supervised Autonomous Revenue Cycle Associate - is now performing the work of 100 full-time equivalents (FTEs) through ...

Is your hospital, health system or physician group outsourcing specific RCM functions to more than one vendor? By leveraging MedComplete, we can help you consolidate services with Meduit as your trusted partner.

The complexity of the collection effort for the patient's financial responsibility is growing, particularly for Medicare and Medicare Advantage beneficiaries. The result is that healthcare providers are missing some of the value that they are owed. In fact, F2 Healthcare (a Meduit company) has found missed value ...

Hospitals, health systems and physician groups across the country are dealing with staffing shortages due to the impact of COVID-19. These shortages hamper efforts to resolve patient accounts and accelerate needed revenue.

Artificial intelligence (AI) can be a game-changer for hospitals, health systems and physician practices to resolve accounts efficiently, accelerate revenue, reduce costs and stabilize finances. However, not all AI solutions vendors deliver on their promises.

Is your hospital or health system missing a comprehensive picture of back-end account resolution? Meduit can help with MedComplete - a full revenue cycle offering that spans the entire back-end from insurance billing all the way through to accounts and patient liability resolution.

If your hospital or health system is currently outsourcing revenue cycle management (RCM) services to more than one vendor, you may not be getting the best results. We designed MedComplete to consolidate all solutions into one service platform to increase operational efficiencies and overall financial results while simplifying administrative ...

Episode 2 (Season 2) of Meduit's award-winning podcast series - Recovering More Value from Medicare Bad Debt - is now live.

Artificial intelligence (AI) has been touted as the answer to driving financial recovery from COVID-19 and accelerating revenue for hospitals, health systems and providers. Has AI lived up to its hype?

Is your hospital or health system missing a comprehensive picture of back-end account resolution? We created MedComplete as a full revenue cycle offering that spans the entire back-end from insurance billing all the way through to accounts and patient liability resolution, while identifying and quantifying improvements in collections along the ...

Hospitals, health systems and physician groups across the country are struggling with staffing shortages following two years of COVID-19, including in their revenue cycle departments, which hampers financial recovery.

COVID-19 has negatively impacted the finances of most healthcare organizations. At Meduit, we are committed to understanding the changing environment of the healthcare revenue cycle and creating new services to support our partners.

Meduit has launched Season 2 of our award-winning podcast series with Episode 1 - Self-service vs. Full-service Patient Engagement Tools.

Is your healthcare organization collecting the right data to maximize revenue? The MedProveTM suite of solutions leverages advanced predictive analytics and artificial intelligence to help providers direct resources effectively, reduce denials, and work efficiently with patients who qualify for charity programs.

Positive patient engagement impacts health outcomes and patient satisfaction as well as the cost of delivering care and the revenue cycle. Does your hospital, health system or physician group have a robust patient engagement strategy in place?

Charlotte, NC - Meduit, one of the country's top three healthcare revenue cycle management (RCM) solutions companies, announced today that Darrell Bryant has joined the company as Senior Vice President of Human Resources (HR). The addition of Mr. Bryant to Meduit's leadership team is indicative of the company's commitment to providing a strong ...

Hospitals and health systems often struggle with covering the full back-end of revenue cycle management (RCM). That is why Meduit has developed MedComplete - an efficient, cost-effective total solution that is customizable and provides superior financial results. MedComplete is designed to fix specific holes or repair the entire revenue ...

Documenting a patient visit is a critical part of the healthcare provider's revenue cycle, and recording charts accurately is essential to correct reimbursements. According to one study, up to 90% of medical bills contain errors of one kind or another. Those errors are cumulatively estimated to be worth $750 billion a year.1 ...

Staffing shortages often mean that hospital and health system accounts go untouched and unresolved for too long. Over time, those accounts become less collectible and eventually will be written off to bad debt. While it may seem logical to outsource to vendors charging the lowest fees for resolving aged accounts, this strategy fails to drive ...

Does your hospital or health system struggle with covering the entire back-end of RCM efficiently and cost-effectively? Assigning the work to internal staff can sideline needed resources that could be allocated to patient care, but outsourcing those tasks to more than one vendor can be inefficient and hinder communications.

There is a backlog of reimbursements for COVID-19-related testing, diagnoses, vaccine administration and treatment for hospitals and health systems across the industry. Thanks to our SARA artificial intelligence solution, Meduit is doing something about it. It's an example of how Meduit delivers solutions on the leading edge of healthcare RCM, ...

Two years of COVID-19 have tested our healthcare system like no other event in a century. Hospitals, health systems and physician groups have sacrificed to continue serving patients while dealing with the financial impact of the pandemic along with staff challenges and burnout.

Charlotte, NC - Meduit, one of the top three healthcare revenue cycle solutions companies in the nation, announced today that F2 Healthcare has joined the Meduit organization. Together, the two companies will leverage their combined capabilities to provide a full spectrum of revenue cycle solutions, including Medicare bad debt recovery, to ...

How employees perceive their work environment is essential to their feelings of being valued on the job. Meduit's Employee Engagement Survey results are in, and we are pleased to report that our employees gave Meduit a satisfaction score of 78%. To put this perspective, employee ...

Hospitals often struggle with covering the entire back-end of revenue cycle management (RCM) efficiently and cost-effectively. That is why we are unveiling MedComplete - a full revenue cycle offering that provides highly trained staff, proven processes, and innovative proprietary technology from initial billing through final account resolution, ...

As hospitals, health systems and physicians know, patient engagement impacts patient financial health and satisfaction as well as the cost of delivering care and the revenue cycle. That is why Meduit has developed a unique and comprehensive approach to patient engagement.

Meduit's Net Promoter Score (NPS) from our client surveys for 2021 has arrived. We are proud to report we’ve achieved a rating of 58, which is an increase of eight points over the prior year. To compare, other companies received these scores:

Unresolved accounts become less collectible over time. Without timely intervention, those accounts risk falling into bad debt.

COVID-19 has unleashed challenges unlike any that our healthcare system has experienced in at least 100 years. Hospitals and health systems are tasked with serving more patients than they are designed to handle. While our healthcare providers have demonstrated a steadfast commitment to ensuring their patients’ health along with the financial ...

With high deductible health plans taking a greater share of the health insurance market, it's no surprise that patients are shouldering more of the financial burden for their medical care.

WRAL TechWire published an in-depth article about Meduit on Friday, November 5, sparked by Modern Healthcare naming Meduit one of the top three revenue cycle ...

Charlotte, NC - Meduit, one of the country's leading healthcare revenue cycle management (RCM) solutions companies, ...

Hospitals, health systems and physician groups are facing unprecedented financial challenges due to the impact of COVID-19. Healthcare consultants are in a key position to help these providers with strategies and solutions that empower them to recover financially and build a sustainable model for the future.The right revenue cycle ...

Throughout the pandemic, Meduit has been pounding the drum of artificial intelligence (AI) and robotic process automation (RPA) innovations combined with our tried-and-true revenue cycle solutions as ways to help healthcare providers of all types and sizes survive financially and position themselves for post-pandemic prosperity.

Meduit One is a virtual collection agency that resolves accounts and drives cash to the bottom lines of physician and specialist practices, dentist and veterinarians.

Meduit One is a virtual collection agency that resolves accounts and drives cash to the bottom lines of physician and specialist practices, dentists and veterinarians. By leveraging Meduit One, a 15-bed, short-term, acute care hospital in the Southwest reduced the average age of its unresolved accounts and expedited resolution of those ...

Meduit analyzed results driven by self-service-only technologies compared to a blend of self-service and human-based customer service/call center collections. A case study at a multiple-hospital health system revealed that after one year of self-service technology deployment, total patient cash increased by 13%. BUT there’s a catch.

Meduit analyzed results driven by self-service-only technologies compared to a blend of self-service and human-based customer service/call center collections. A case study at a multiple-hospital health system revealed that after one year of self-service technology deployment, total patient cash increased by 13%.

Hospital bills can be confusing and overwhelming, impacting timely patient payments. Not only do patients benefit from help understanding their bills, hospitals and health systems need to collect the patient portion of medical bills in order to stay financially healthy.

COVID-19 has accelerated the trend toward outsourcing revenue cycle tasks, according to a recent report by Modern Healthcare. Outsourcing at the right time presents a proactive strategy to reduce costs and drive financial recovery.  

As hospitals, health systems and physicians know, the patient financial experience is a critical part of overall patient satisfaction or dissatisfaction with their medical services provider. HCAHPS scores are useful for defining patient satisfaction in clinical areas, but HCAHPS scores don’t provide a view into ...

Have you met SARA? That’s short for Supervised Autonomous Revenue Associate, and she works 24/7 with no downtime to solve specific revenue cycle task problems.SARA leverages artificial intelligence and robotic process automation to transform the revenue cycle. She functions with true machine learning. Since her launch about a year ago, ...

Ever been trapped in a never-ending auto-voice response system? When you sign up for self-service-only patient collections, your patients could be, too.

COVID-19 has inadvertently set the table for artificial intelligence (AI) to transform the revenue cycle. Now more than ever before, providers need to gain control over declining revenues and plan for the next crisis. AI is a game-changing tool that is transforming the revenue cycle for hospitals and health systems across the country.

While the healthcare universe begins to rebuild clinically and financially from the impact of COVID-19, the Meduit team is innovating a “new normal” where our clients have access to tech-powered solutions that accelerate the revenue cycle efficiently and effectively. In the June 2021 edition of Meduit’s digital RCM magazine Cycle Up, ...

High-deductible health plans and the rising cost of care have placed an increased financial burden on patients to pay healthcare providers. Consequently, providers are collecting a decreasing portion of what patients owe. Are self-service patient options the panacea for providers to resolve these cash accounts to ensure their own financial ...

Technology is having a profound impact on the entire healthcare revenue cycles of everything from large health systems and independent hospitals to large physician groups and small practices alike. The types of technologies vary widely, too, from existing tried-and-true technology that is being reapplied in innovative ways to brand new ...

When an eight-hospital system required assistance resolving claim denials, health system leaders reached out to Meduit. After analyzing the issues, the Meduit team leveraged its artificial intelligence (AI) solutions to process coordination of benefits denials in less than 60 days.To resolve one of the hospital system’s largest denial ...

FOR IMMEDIATE RELEASE

In case you missed Meduit’s third podcast of our three-part series, Employing Predictive Analytics to Work Smarter Revenue Cycle Management, you can now download the transcript for easy reference

Concerned about collecting on aged accounts for your practice? A recent survey concluded that 83% of small physician practices with fewer than five doctors report that slow payment of accounts from high-deductible health plans is their biggest cash flow hurdle (Source: Black Book). Before you give up on those accounts, take a look at ...

In case you missed Meduit’s second podcast How Web Bots Solve Healthcare RCM Problems, you can now download the transcript for easy reference here… and you can still listen to it ...

  In case you missed Meduit's premiere podcast Artificial Intelligence Will Save the Revenue ...

COVID-19 has resulted in an increasing number of patients losing health coverage and hospitals losing revenue associated with uninsured ...

As healthcare providers continue to grapple with the impact of COVID-19, the landscape is beginning to shift into what the recovery phase will look like - both clinically and financially. In the February 2021 edition of Meduit's RCM digital magazine Cycle Up, we focus on opportunities and risks in revenue cycle management, including how to ...

Meduit’s SARA Family of Web Bots launched approximately six months ago to solve a specific task problem within the revenue cycle for a Meduit client. Her initial task was to retrieve granular status of a claim from a payer via their portal and then report that status back to the patient file. SARA stands for Supervised Autonomous ...

Due to the impact of COVID-19, individual and group practitioners across healthcare are facing unprecedented financial challenges. Many small practices do not have the resources to make outbound efforts to collect on outstanding patient accounts. As a result, those accounts are in danger of being lost to bad debt. Meduit understands and ...

Charlotte, NC – Meduit, one of the top five healthcare revenue cycle solutions companies in the country, announced today that Professional Claims Bureau, Inc. (PCB) has joined forces with Meduit. Together, the two companies will leverage their combined broad and complementary revenue cycle management (RCM) capabilities to fuel strategic growth ...

Artificial intelligence (AI) is a game-changer for the healthcare revenue cycle process. By leveraging solutions that incorporate AI, hospitals, health systems and physician practices can resolve accounts efficiently, accelerate revenue, reduce costs and stabilize finances.

Charlotte, NC – Meduit, one of the country’s top five healthcare revenue cycle management (RCM) solutions companies, announced today that Bronson Healthcare System has contracted with Meduit for revenue cycle management solutions that leverage artificial intelligence (AI). Meduit will provide its AI RCM expertise to resolve outstanding claims, ...

Meduit's 2021 Net Promoter Score (NPS) results are in from our clients with a rating of 50, which is considered excellent. To put this in context, Apple rated 47, Toyota 33, Microsoft 45, Nike 0, Disney -7, and American Express 29. (Source: Customer Guru, accessed 01.07.2021, https://customer.guru/net-promoter-score/top-brands).

Ready to resolve more accounts and drive revenue? Meduit's podcast series unveils critically important information regarding the healthcare revenue cycle, including utilizing the role of artificial intelligence (AI) to maximize cash.

Due to escalating unemployment associated with the COVID-19 pandemic, more patients have lost their employer-provided insurance, and providers are missing reimbursements from those patient accounts.

Innovative solutions that leverage artificial intelligence (AI) are helping providers accelerate cash and resolve revenue cycle challenges. Learn more in Meduit’s third podcast: Employing Predictive Analytics to Work Smarter Revenue Cycle Management.In this podcast Jason Petrasich, Senior Vice President of AI for Meduit, shares how AI ...

The coronavirus pandemic has challenged the healthcare industry in unanticipated and frankly unimaginable ways this year. As providers continue to stabilize their organizations, it is pretty clear that there is no going back to a pre-pandemic normal in terms of how they approach revenue cycle management.

At Meduit, we know that hospitals, health systems, and physician groups are up against unprecedented financial pressures from COVID-19. That is why we continue to innovate with revenue cycle solutions that help providers recover financially and accelerate cash.

The healthcare industry is still firmly in the grip of the global pandemic, which has touched every aspect of a hospital’s operation, including the revenue cycle. The Meduit team is here to help hospitals, health systems, and physician groups grapple with financial challenges and recovery in order to deliver excellence in patient care. To that ...

Charlotte, NC – Meduit, one of the country’s top five healthcare revenue cycle management (RCM) solutions companies, announced today the launch of Meduit One – the new revenue cycle solution self-driven automatic “app” powered by Meduit’s ground-breaking technology. The Meduit One “app” is designed to accelerate cash for healthcare-related ...

COVID-19 has had an unprecedented impact on every aspect of healthcare, including the revenue cycle. It has also inadvertently set the stage for solutions that leverage artificial intelligence (AI) and robotic process automation (RPA) to save the revenue cycle.

The coronavirus pandemic has brought the healthcare industry to the brink this year, wreaking havoc on operations and revenue. The American Hospital Association estimates a catastrophic financial loss of $323 ...

Artificial Intelligence (AI) is transforming the revenue cycle by reducing costs, accelerating cash and working hand-in-hand with staff to optimize efficiencies.

Meduit Introduces SARAContinuing to manage the revenue cycle now and in the future will be even more vital as hospitals, health systems and physician groups deal with the impact of the COVID-19 crisis. One thing is clear – hospitals cannot go back to business as usual, and that includes revenue cycle management (RCM). ...

The COVID-19 pandemic has dramatically impacted healthcare and the revenue cycle. Now more than ever, providers are in need of innovative strategies, like artificial intelligence, to accelerate cash in order to provide patient care.

SARA Solves Specific Revenue Cycle Tasks for Healthcare Providers

Every month that accounts age, the probability of collecting declines. Does your organization have a strategy for working accounts regularly so they do not fall into bad debt? Join Meduit in partnership with the Florida Hospital Association on August 26 at 12pm for Resolving Aged Accounts: A Meduit ...

Charlotte, NC - Meduit, one of the country's top ten healthcare revenue cycle management (RCM) solutions companies, announced today that Sean Escobar will join the team on August 3, 2020 as Sales Advisor for the West Coast. The addition of Mr. Escobar to Meduit's slate of sales executives is indicative of Meduit's commitment to delivering ...

COVID-19 has impacted nearly every aspect of the revenue cycle and ushered in opportunities for Artificial Intelligence (AI) to transform the way hospitals and health systems resolve accounts.

Our goal at Meduit is to deliver innovative revenue cycle solutions that help hospitals, health systems and physician groups accelerate revenue and deliver excellence in patient care. To that end, Meduit is pleased to present the June edition of our news magazine: Cycle Up.

Charlotte, NC – Meduit, one of the country’s top ten healthcare revenue cycle management (RCM) solutions companies, announced today the addition of three executives to its leadership team. The move signals Meduit’s commitment to delivering expert RCM solutions to an expanding client base of hospitals, health systems and large physician ...

Artificial Intelligence (AI) is expected to be a game changer for healthcare revenue cycle management, especially as providers grapple with the impact of COVID-19. The right AI technologies can drive revenue by reducing human touches and increasing efficiencies. Unfortunately, many companies attempting to adopt AI fail.

As we navigate these extraordinary times, artificial intelligence (AI) and robotic process automation (RPA) present opportunities to accelerate cash while lowering cost and increasing efficiency. In conjunction with the Florida Chapter of the HFMA, Meduit produced a webinar titled The Future of Revenue Cycle Management: The Impact of AI and ...

Charlotte, NC – Meduit, a national leader in healthcare revenue cycle solutions, announced today that Roberta Schultz has been promoted to Vice President of Operations. She leads the company’s Sartell, MN office of more than 240 employees as well as Meduit’s Gaithersburg EBO service line. Formerly ProSource Billing, Inc. (a subsidiary of ...

Meduit continues to monitor COVID-19 news and updates. As we go through this difficult time together, we have taken decisive action to mitigate any impact and continue to provide our customers with leading-edge revenue cycle solutions that resolve accounts receivable efficiently and effectively.

Revenue cycle management leaders from Wake Forest Baptist Health, Atrium Health and Lexington Medical Center led a compelling session on defining true artificial intelligence (AI) at the North Carolina HFMA annual conference March 4-6 in Pinehurst, NC.

Please note, our COVID-19 response needs to be considered fluid as new information is constantly being revealed regarding this virus, and Meduit is adjusting our response accordingly. We are monitoring all local, state and national authorities and agencies including the CDC and WHO to ensure our preventative measures are appropriate.

Meduit is dedicated to bringing you news and information about the hot trends in revenue cycle management. That is why we’re pleased to unveil the latest edition of the Meduit news magazine: Cycle Up.

Meduit recently launched MeduitAI™, a one-of-a-kind suite of revenue cycle solutions powered by artificial intelligence. Clearly AI is on the minds of healthcare executives based on this OptumIQ Annual Survey, which matches what we are hearing from hospital executives across the country.

We are pleased to announce that CMRE Financial Services, Inc. has joined forces with Meduit effective February 7, 2020. Together, the two companies will be able to leverage our broad ...

Artificial Intelligence (AI) is expected to transform the healthcare revenue cycle. As a revenue cycle solutions leader, Meduit is setting the pace with AI products and services that elevate accounts receivable and accelerate cash. To that end, Meduit is pleased to announce the launch of MeduitAI™ - a line of AI solutions that support the ...

The recent AHA Executive Forum in Chicago spotlighted the impact of artificial intelligence (AI) on healthcare and opportunities that AI affords providers. Randy Tempest, Senior Vice President of Sales and Relationship Management, and Doug Marcum, Senior Vice ...

Medical billing errors and coding issues, such as failing to use updated code sets and bad or missing documentation, can lead to claim denials and payment delays impacting healthcare providers financially. According to one study, up to 90% of medical bills contain errors that are cumulatively estimated to be worth $750 billion a year. By ...

Seasoned RCM Executive Jason Petrasich Joins Meduit to Lead AI Initiative

Meduit is dedicated to making vital contributions to the financial, operational and clinical health of hospitals and large physician practices by delivering expert, efficient and innovative RCM solutions. That is why we've launched three new revenue cycle solutions that help accelerate cash for healthcare providers:

Recent Michigan events focused on charting the course to the future of healthcare. A well-attended panel at the East Michigan HFMA Fall Conference addressed how changes in healthcare, particularly hospital mergers, are impacting providers and how providers can best prepare for and plan for the future ...

Bret Whatley, Regional VP of Sales South, and Janice Ridling, Sales Advisor, represented Meduit at HFMA conferences across the southern states, including the Georgia HFMA Fall Institute in Savannah November 6-8, the HFMA Region 9 Conference in New Orleans ...

Many providers are leaving some portion of unresolved insurance accounts untouched due to staffing shortfalls, budget constraints or simply an influx of volume. If left unworked, those accounts will age out, become less collectable over time and eventually be written off to bad debt.

Resolving aged accounts receivable before it is written off to bad debt is challenging for most health systems, hospitals and large physician groups. Many organizations struggle with not enough staff to tackle accounts receivable, especially as those accounts get older. Unfortunately, the longer those accounts languish, the more difficult it ...

In an era where the healthcare environment is constantly changing, attendees at the 2019 Michigan Revenue Cycle Association Fall Conference addressed how healthcare providers can be as informed as possible and stay prepared to meet the challenges of ...

Artificial Intelligence and Robotics Process Automation were subjects of key interest at the Maryland AAHAM Annual Institute held September 10 – 12 in Ocean City, MD.

August was a busy time for HFMA conferences with Meduit representatives attending events in Arkansas, North Carolina and Louisiana.

Congratulations to Lisa Keffer, Relationship Manager for Meduit and President of the South Texas HFMA Chapter. Lisa and past presidents of the organization accepted the Robert M. Shelton Award in recognition of the HFMA group’s five years of sustained excellence. The August edition of HFM Magazine has just published a feature article ...

Meduit’s Lisa Keffer accepts Robert M. Shelton Award recognizing South Texas HFMA for 5 years of excellence

The future of AI and how hospitals can maintain their independence led the conversations at the Indiana Rural Health Annual Conference in French Lick, Indiana June 18-19. Indiana hospital and health system leaders joined others from surrounding states along with ...

A new study by the Advisory Board Co. recently published by Modern Healthcare reported that hospital and health system CEOs are prioritizing revenue growth over cost control. While administrators still aim to develop nuanced strategies to cut costs, the focus is now on finding ways to increase revenue. As Artificial Intelligence (AI) and ...

Managing change in the healthcare environment was a hot topic at the All Michigan HFMA Spring Conference in late May. The general session opened with “Mastering the Storm of Change” ...

A/I was top of mind with HFMA and AAHAM conference attendees, according to Ken Krieger, Regional VP of Sales North, who represented Meduit at multiple events across Pennsylvania, Ohio and Washington D.C. from March through May. Ken noted that conference participants are looking to A/I in order to reduce costs and increase efficiencies.

The Meduit team is dedicated to providing revenue cycle solutions that make a difference to your bottom line. Today, we are pleased to announce the first edition of our newsletter: Cycle Up, Healthcare Revenue Cycle Insights from Meduit. In each edition, you’ll find industry news and innovative solutions in the RCM universe that help ...

Rural and suburban hospital viability and independence

Revenue cycle solutions leader Meduit has been on the ground at hospital industry conferences in Georgia with hospital and health system executives where we got an earful about their RCM concerns, including:

Your hospital could be leaving money on the table from patient accounts that may have been incorrectly paid by the health plan or government fee schedules, and you’re not alone. According to recent data from the American Medical Association, 7% of paid medical claims were found to have errors, and denied claims averaged about ...

Meduit growth indicative of broader healthcare revenue cycle trends  

Accelerate Cash Flow and Reduce AR Days Healthcare providers know that cash flow is essential to a healthy medical practice and the organization’s financial well-being. Unfortunately, with so much pressure on providers to do more with less, most do not have the staff or resources to effectively manage and ...

Bret Whatley, Regional VP Sales, Southeast represented Meduit at the Arkansas HFMA Spring Conference April 10-12 in Hot Springs, Arkansas. Bret ...

A Comprehensive Patient Payment Solution that Works for Providers and Patients

The Kentucky Chapter of HFMA held its annual conference February 27-28 in Louisville.

Charlotte, NC – Meduit, a national leader in healthcare revenue cycle management (RCM), announced today that Janice Ridling has joined the Meduit team as Revenue Cycle Sales and ...

According to a recent Black Book survey of over 4,640 individuals from 522 hospitals and healthcare delivery networks, approximately 26 percent of US hospitals do not have an effective healthcare revenue cycle management (RCM) solution in place. This figure is down from 35 percent of hospitals reporting no RCM strategy in 2012. Without a viable ...

At Meduit, we are driven by compassion, and there’s no better time than Thanksgiving to lend a hand and share some holiday joy. On Friday, November 16, our team members, in partnership with Publix Supermarkets, delivered 100 Thanksgiving meals to the Charlotte Rescue Mission for their yearly Thanksgiving Food Box Drive. Together we were able to ...

How well are your revenue cycle processes ...

We are proud to welcome you to the ...