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Hospital Group Acquires RCM Blockchain Startup

Providence St. Joseph Health, which operates more than 50 hospitals and healthcare facilities in the Western United States, yesterday announced the acquisition of Lumedic, a Seattle-based revenue cycle management company based on blockchain technology. Terms of the deal were not disclosed. The healthcare organization said it plans to use the …

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Bill Proposed in Colorado to End Balance Billing

A Colorado state Senator has introduced a bill that would limit how much individuals can be charged when visiting out-of-network physicians and hospitals in emergency situations. The objective behind the bill is to eliminate what is known as “balance billing,” which occurs when a patient receives a bill for a …

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Hospital Prices Skyrocketing, And Not Likely To Slow Down

Maybe there is a logical reason why the amount of medical debt is spiraling out of control. And maybe the logical reason is completely illogical. Hospitals are now required to post their prices online, in an effort to improve transparency and to give individuals more information when making decisions about …

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M&A Activity in Healthcare Space Stays Red Hot

The trend that all collection agencies who work in the healthcare sector have endured for several years now continued to worsen in 2018, as the number of merger and acquisition deals among hospitals increased 14% from 2017’s totals, according to a report issued by PricewaterhouseCoopers (PwC). There were 1,182 deals …

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Number of Americans Without Health Insurance Keeps Climbing

The number of Americans without health insurance continued to climb in 2018, and has increased by nearly 30% in the past two years. That increase corresponds to about 7 million additional Americans who do not have health insurance, according to data released yesterday by Gallup. Nationwide, 13.7% of Americans had …

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