MEDITECH Acquires CareAcuity to Boost Revenue Cycle Performance:Major EHR vendor MEDITECH acquired CareAcuity, a leader in revenue cycle management (RCM) analytics, in November 2023.
This acquisition strengthens MEDITECH's RCM suite by integrating CareAcuity's AI-powered analytics tools for claim coding, denial prevention, and revenue leakage identification.
This move signals a trend towards integrated analytics across EHR and RCM platforms, aiming to streamline workflows and improve financial performance for healthcare providers.
athenahealth Partners with Olive to Streamline Prior Authorization:Cloud-based EHR provider athenahealth partnered with Olive, a healthcare AI company, in October 2023, to automate prior authorization tasks.
Olive's AI platform extracts data from EHRs and interacts with insurance portals to automate prior authorization requests, significantly reducing administrative burden for physicians and staff.
This partnership exemplifies the growing adoption of AI in practice analytics to address operational challenges and enhance patient care.
Health Catalyst Launches New Financial Analytics Platform:Healthcare data and analytics leader Health Catalyst unveiled its new Financial Analytics Platform (FAP) in September 2023.
FAP provides hospitals and health systems with comprehensive financial dashboards and insights to identify cost-saving opportunities, improve resource allocation, and optimize pricing strategies.
This platform underscores the increasing focus on financial viability within practice analytics, enabling healthcare organizations to make data-driven decisions for financial sustainability.
List of Practice Analytics Key Companies in the Market
- Accenture
- AGS Health
- Practice Analytics
- Medics
- McKesson
- Greenway Health
- Cardinal Health
- Meditab
- Digichart