revenue cycle

The company will use the funds to enhance the development of its AI capabilities and for commercial growth.  

The companies position the acquisition as a way to reduce costs for patients and improve the financial health of provider organizations.

AccessOne CEO Mark Spinner says as health systems face revenue cycle challenges due to COVID-19, one key to maintaining margins is delivering "patient-friendly" payment options.

Sheri Liebl, executive director of revenue cycle at CentraCare Health, says the healthcare system improved point of service collections by 25% by not only giving patients options but also helping them to understand their out-of-pocket costs.

Will Reilly, VP of client and consumer marketing at VisitPay, says the rise in patient responsibility means revenue cycle teams have to figure out how to engage them and work more closely with marketing.