Latest news with #Athenahealth
Time Business News
31-07-2025
- Business
- Time Business News
Top-Rated Professional Medical Billing Services in USA
A key component of the healthcare revenue cycle is medical billing. Accuracy, quickness, and adherence to the most recent regulations are guaranteed by Professional Medical Billing Services in USA. Billing firms with headquarters in the US offer customized services to clinics, hospitals, and private practices. Time and money are saved through outsourcing. While billing professionals take care of the paperwork, providers can concentrate on patient care. Expert services boost income and decrease denials. They make use of sophisticated billing software and certified programmers. Coding and billing errors are decreased by experts. Claims that are accurate result in fewer denials and quicker payouts. To protect patient data, these services adhere to industry standards and HIPAA requirements. Filing a claim on time is crucial. For providers, delays might cost thousands of dollars. Clean claims are promptly submitted by U.S. billing services to save needless back and forth with insurance. Every practice is unique. Flexible plans are provided by billing providers to accommodate particular requirements. There is a solution for both major hospitals and lone practitioners. Numerous services concentrate on particular specialties, such as pediatrics, dermatology, or cardiology. This guarantees that they are aware of the necessary codes, modifiers, and invoicing intricacies. Revenue Cycle Management (RCM): Leading businesses offer comprehensive RCM assistance. They take care of everything, from patient registration to ultimate reimbursement. Through frequent reporting, they evaluate patterns and maximize collections. Selecting the appropriate partner is essential. Keep an eye out for these essential characteristics: • Certified Coders: Professionals with AAPC or AHIMA certifications.• Real-time reporting: dashboards that are current and transparent.• Verification of insurance: Prompt inspections save problems later.• Denial Management: Resolving rejected claims as soon as possible. • Patient Billing Services: Professional, lucid patient communications. A number of U.S.-based billing companies are notable for their excellence and output: Athenahealth offers comprehensive services with robust analytics. Their platform is perfect for hospitals and big gatherings. Profits are harm by mistakes and delays. Faster payouts and fewer reject claims are guaranteed by a skill billing staff. Correct coding raises the percentage of reimbursements. Workflow is enhance and administrative stress is decreased by automated systems. In the USA, medical billing businesses adhere to stringent HIPAA regulations. They employ secure servers, encrypted platforms, and frequent employee training. The constant protection of patient data fosters compliance and fosters confidence. Cost is determined by the number of claims, practice size, and services need. A percentage of collections, often ranging from 4% to 9%, is what most suppliers charge. Transparent pricing structures are indicative of a reliable business. Prior to recruiting, inquire about the following: • Do they possess prior experience in your field of expertise?• How often do they accept claims on average?• Are they able to offer customer references?• How do they respond when a claim is denied? • Is it simple to utilize their software? In the USA, expert medical billing services increase productivity and revenue. They expedite payments, lower claim errors, and free up healthcare personnel to concentrate on patient care. Selecting the appropriate billing partner is crucial. Kareo is an expert in billing for small practices. They provide support services and cloud-based applications. TIME BUSINESS NEWS
Yahoo
31-05-2025
- Business
- Yahoo
CFOs On the Move: Week ending May 30
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Due to family reasons, will step down as finance chief of Vertiv, a critical digital infrastructure and continuity solutions provider. A search will be launched for Fallon's successor. Fallon, who has been CFO since 2017, will retire once his successor is named and assumes the role, which is expected in the second half of the year. To help with the transition, Fallon will work as a consultant on his retirement date and through Dec. 31, 2026. Athenahealth appointed Tom Cowhey as the health IT company and electronic health record vendor's new chief financial officer, effective June 9. Cowhey was most recently the CFO of the health care company CVS Health. Before that, he was CFO at Surgery Partners, an independent operator of short-stay and ambulatory surgical facilities. He previously held several roles at Aetna, including as chief financial officer of Aetna's U.S. health plan business. Cowhey replaces John Hofmann, who stepped down late last year. The company operated with an interim finance chief while it searched for his successor. will take over as finance chief of Elanco Animal Health on July 7. VanHimbergen is currently CFO of Hillenbrand, a role he has held since March 2022. He earlier spent 15 years at Johnson Controls, where he held several financial leadership positions, including as CFO of its $9 billion automotive interiors business in China, and led the battery division in Asia. He started his career at PricewaterhouseCoopers, where he spent almost 10 years working with multinational companies. VanHimbergen succeeds Todd Young, who will stay with the company as an adviser through Aug. 31. Lyra Health, a workforce mental health benefits provider, named as CFO, effective June 16. Beaver joins the company from the medical aesthetics company Evolus, where she has been finance chief since 2022. Before that, she was senior vice president of finance at Experian. Earlier, she spent 16 years at global gaming company IGT, where she held several roles, culminating in CFO of its North America gaming and interactive business unit. was appointed finance chief of MindMed, a biopharmaceutical company that develops products to treat brain health disorders. Roberts was most recently the chief financial officer of Longboard Pharmaceuticals, where she helped lead it through its IPO and its $2.6 billion acquisition by Lundbeck in 2024. She has earlier held CFO roles at Lineage Cell Therapeutics, REVA Medical and Mast Therapeutics, and held senior finance positions at Alphatec Spine, Artes Medical, Stratagene and Pfizer. Urgently promoted to chief financial officer of the digital roadside and mobility assistance technology and services provider. Port, who was previously senior vice president of finance, will take over as CFO on June 6. Port was previously vice president of finance and controller of electric vehicle manufacturer Lordstown Motors. After that, he consulted with Nu Ride, which was Lordstown Motors' successor company created as part of its emergence from bankruptcy restructuring. He was previously the CFO of LED lighting products manufacturer Energy Focus. Port replaces Timothy Huffmyer, who is stepping down to pursue other opportunities. was promoted to finance chief of Jack in the Box. Hooper has held several positions over her almost 25-year career at the restaurant company, most recently as senior vice president and controller since December 2022. She has also been serving as its interim principal financial officer since October 2024, a role she has previously held two other times during her tenure. She started her career at KPMG, where she worked for seven years, most recently as a senior manager. Omnidian appointed as the solar power servicing company's new chief financial officer. Fein previously held CFO roles at free wireless phone service provider TextNow, continuous automation software provider Chef Software and RFID devices and software maker Impinj, where he guided its 2016 IPO. Fein is the founding chair of the Seattle Tech CFO community and global chair of the senior finance executive network The F Suite. Industrial technology manufacturing company Littelfuse hired as CFO, effective June 18. Khandelwal joins the company from global industrial company IDEX, where he was most recently the chief financial officer. He earlier held chief financial officer roles at packaging services and label solutions provider Multi-Color and global manufacturer CIRCOR International. He started his career at GE Appliances, where he held several positions over almost eight years, including as an FP&A manager and commercial finance manager. Khandelwal succeeds Meenal Sethna, who will stay with the company as a strategic adviser.
Yahoo
29-05-2025
- Business
- Yahoo
Athenahealth names CVS alum as CFO
This story was originally published on Healthcare Dive. To receive daily news and insights, subscribe to our free daily Healthcare Dive newsletter. Name: Tom Cowhey Previous title: Executive vice president and CFO, CVS Health New title: CFO, Athenahealth Cowhey will take on the finance chief position on June 9, the health IT firm and electronic health record vendor said Tuesday. He replaces John Hofmann, Athenahealth's previous CFO who joined in 2022. Hofmann stepped down late last year, and the health IT company has operated with an interim finance chief while it conducted a search for his successor, a spokesperson told Healthcare Dive. Cowhey joins Athenahealth from healthcare behemoth CVS, where he served as permanent CFO since early last year. In April, CVS named a new finance head, Brian Newman, who took on the role later that month. Cowhey also previously worked as CFO at ambulatory surgical care firm Surgery Partners and held leadership roles at insurer Aetna before it was acquired by CVS. Cowhey's departure from CVS followed a spate of leadership changes at the healthcare giant while the company managed a challenging financial environment. The firm's profits were cut nearly in half last year as its insurance arm Aetna battled high medical costs that dinged its bottom line. However, CVS gained momentum in the first quarter, reporting a 60% increase in net profit year over year and beating investor expectations on earnings and revenue. CVS also said it would stop offering health plans on the Affordable Care Act exchanges next year, in an effort to focus attention on other business lines. Recommended Reading CVS taps former UPS finance chief as new CFO
Forbes
01-05-2025
- Business
- Forbes
Suki AI Is Healthcare's New Infrastructure
Doctor in a comfortable office using AI on laptop with infographics displayed Venture capital is making an aggressive bet on ambient AI. It's not just validation, it's fuel. Backers like Venrock and Breyer Capital have bet on Suki's ability to deliver not just innovation, but real operational leverage in clinical settings. Their investment underscores a belief that ambient AI isn't just a tech layer — it's a venture-scale opportunity to reshape healthcare delivery at its core. AI in healthcare has long overpromised and underdelivered, until now. While most tools have added more clicks and dashboards, ambient AI is subtracting: it subtracts friction, burnout, and time spent charting instead of caring. The national rollout of Athenahealth Ambient Notes powered by Suki isn't just a win for one startup, it's a signal that invisible, assistive AI is finally hitting its stride. And here's the thing: it's not just a workflow fix. It's a redefinition of what tech in healthcare should be: unseen, unfelt, but utterly indispensable. We've seen the same cycle play out again and again: a shiny new tech tool enters healthcare, dazzles in demos, and falls flat in practice. But ambient AI breaks the pattern. Instead of interrupting clinical workflows, it blends into them. That's what makes Athenahealth's decision to integrate Suki into Ambient Notes so consequential. What began as a beta that logged over 60,000 clinical encounters is now live across the company's vast network. Suki AI Platform 1 'This milestone with Athenahealth marks more than just scale. It signals real transformation for clinicians,' said Punit Soni, CEO and founder of Suki. 'By embedding Suki deeply into the EHR, we're delivering on the promise of ambient AI: less time on documentation, more time for care. This is what innovation should look like — seamless, intuitive, and focused entirely on the user experience.' Suki reports an adoption rate up to 2X that of competitors. The company says clinicians complete notes 72% faster, and physicians on the ground confirm the impact. 'I was used to spending 4 to 6 hours of my weekend catching up on documentation,' said Dr. Janelle Smith, a primary care physician in Springfield. 'Now, using Ambient Notes, I haven't been to the clinic on a single weekend in months, and I am close to 90-100 percent same-day note completion. It's really been transformative to my practice, as well as for my patient relationships, a true win-win.' Ambient AI isn't just saving time. It's saving careers. Athenahealth's own survey data found that nearly half of physicians pointed to documentation as the top area where AI could help. The product-market fit is undeniable. 'Across our network of ambulatory care providers, we are seeing rapid adoption of ambient listening technologies,' said Paul Brient, chief product officer at Athenahealth. 'It's clear this technology is well matched to solve one of the industry's biggest pain points—clinical documentation—and will only improve further through innovation and partnerships like this one with Suki.' Zoom is also betting on ambient AI. In late 2024, the company integrated Suki's note-taking into its telehealth platform, part of its broader productivity push via Zoom AI Companion. For healthcare customers operating under Business Associate Agreements (BAAs), the integration provides compliant documentation with minimal effort. Suki isn't just integrating, it's becoming the backend. According to a report by Definitive Healthcare, Zoom holds a 36.16% market share in telehealth — making it the most widely used vendor in the sector. The platform serves over 140,000 healthcare customers worldwide, including eight of the ten largest U.S. health systems and nine of the top ten hospitals, according to U.S. News rankings. Its dominant footprint makes it a powerful partner for scaling ambient AI into virtual care delivery. 'Suki continues to execute beautifully with a magical product for an ecosystem in desperate need of one,' said Bryan Roberts, partner at Venrock. 'Its ambient digital assistant for doctors makes use of the greatest technology wave in decades — AI — in a population that has all too often been left behind with regards to technology innovation — healthcare.' Suki has also secured partnerships with major electronic health records systems, including Epic, Cerner, and Meditec. VCs are pouring capital into ambient AI scribes with over $5.6 billion invested in the sector in 2024 alone. Abridge, Ambience Healthcare, Nabla, and Suki have all landed serious backing. Abridge leads with $462 million; Suki has raised $168 million; Ambience and Nabla follow at $100 million and $43 million, respectively. To VCs, this isn't a product race — it's an infrastructure bet. The winner in ambient AI will own the pipes through which modern medicine flows. Features come and go. Platforms endure. The company that captures the ambient layer captures the future of healthcare delivery. When it comes to building ambient AI platforms for healthcare, funding isn't just about speed — it's about survival, scale, and long-term defensibility. Here's why: In this category, funding isn't just fuel — it's a moat. Suki stands out in this crowded field because it's fully AI-powered. No human scribes. No offshoring. No lag. That gives it a scalability and margin advantage that other models can't easily match. Moreover, the company plans to deepen its current product offerings while developing new ones, including AI tools for healthcare staffing. Founded in 2017 by former Google and Flipkart exec Punit Soni, Suki has secured capital from Venrock, Breyer Capital, Zoom Ventures, and March Capital. But it's not just capital, it's conviction. Suki AI Founder Punit Singh Soni speaking at health tech conference HIMSS. 'With a large language model, you can get to a demo. But it takes years of work to make a great product that works at scale, in all languages, across large healthcare settings,' Soni said. Suki stands apart by combining a fully automated clinical AI assistant with a white-labeled platform that powers other telehealth and EHR companies, not just its own product. While competitors like Nuance and Abridge focus on large health systems and Ambience emphasizes platform breadth, Suki targets agile healthcare players with a lightweight, extensible product that combines ambient documentation with interactive voice commands thereby positioning itself as both a clinical assistant and an infrastructure layer for the future of healthcare interfaces. Additionally, Suki stands out with its relationships. Relationships are critical in healthcare AI since success relies on strong networks, not just for influence, but for performance. Partnerships give companies access to richer data, enabling them to train smarter models. More collaborators mean more feedback to improve accuracy, and deeper integration with EHR systems makes it easier to scale across clinical environments. Suki has established a robust network of partnerships across the healthcare and technology sectors, enhancing its AI-powered clinical assistant offerings. Key collaborations include: These partnerships underscore Suki's commitment to reducing administrative burdens for clinicians and improving patient care through advanced AI solutions. According to Precedence Research, the global AI in healthcare market is projected to hit $613.81 billion by 2034. Ambient AI is one of its fastest-growing segments. The prize is massive, and Suki is positioning itself as the infrastructure layer for this next generation. As the market expands, the question won't be 'does this tech work?' It will be 'Who do we trust to build it right?' Ambient AI isn't a niche feature. It's becoming the connective tissue of modern healthcare. For VCs, it's a rare convergence of scale, clinical demand, and stickiness. For doctors, it's relief. This moment isn't just a product launch. It's a shift in the power dynamic between AI and healthcare. And if Suki continues to execute, it could be the company that defines how AI is integrated into the exam room – not as a screen, but as a silent, trusted partner. The real question isn't if ambient AI will win. It's who will own it.
Yahoo
27-03-2025
- Business
- Yahoo
Patient Portals Market Research Report 2025-2030: Emergence of Smart Technologies in Patient Portals, and Shift from Desktop-based to Mobile-first Design Patient Portals
The market is highly competitive, with several leading, growing, and emerging players operating across the global patient portal market. The market is expected to witness significant growth as new entrants collaborate with major software vendors to establish their presence. Key players such as Athenahealth, Epic Systems Corporation, eClinicalWorks, GE Healthcare, Oracle, Solutionreach, Updox, and Veradigm LLC account for the largest market shares. Patient Portals Market Dublin, March 27, 2025 (GLOBE NEWSWIRE) -- The "Patient Portals Market - Focused Insights 2025-2030" report has been added to Patient Portals Market was valued at USD 3.92 billion in 2024, and is projected to reach USD 8.38 billion by 2030, rising at a CAGR of 13.50%. The global patient portals market report consists of exclusive data on 40 vendors. The market is highly competitive, with several leading, growing, and emerging players operating across the global patient portal market. The market is expected to witness significant growth as new entrants collaborate with major software vendors to establish their presence. Key players such as Athenahealth, Epic Systems Corporation, eClinicalWorks, GE Healthcare, Oracle, Solutionreach, Updox, and Veradigm LLC account for the largest market shares. These companies are focused on expanding their geographical presence, enhancing their product portfolios to meet client requirements and international regulatory standards, and improving the efficiency of their offerings. These strategies collectively strengthen their market positions and drive growth in the patient portal America dominates the global patient portal market with the largest share of over 34% in 2024. The North American region demonstrates promising and sustained market growth, driven by advancements in the healthcare sector, increasing awareness and acceptance of patient portals, mandatory EHR integration, and a significant patient population with rising healthcare demands. These factors collectively accelerate market growth in the region. More than 60% of the population in North America is moderately aware of patient portals, and over 50% have used at least one patient portal platform. This high level of awareness significantly contributes to the region's market growth. Additionally, over 70% of hospitals in the region utilize EHR systems, improving patient access to medical records and facilitating seamless communication and engagement between patients and healthcare professionals. MARKET TRENDS & DRIVERS Emergence of Smart Technologies in Patient PortalsWorldwide, the healthcare industry is becoming more and more advanced, of these patient portals are not left behind. The continued developments in patient portals show that the future of patient portals is likely to involve more advanced technologies and personalized features. Advanced technologies, such as Artificial Intelligence (AI) and Machine Learning (ML) help to improve patient care with patient portals. AI and ML help providers identify patterns in patient information, offer more personalized treatment consultations, and predict patient health outcomes. AI in healthcare is one of the major trends poised to shape more secure patient portals, transforming how healthcare services and solutions are assessed and from Desktop-based to Mobile-first Design Patient PortalsMobile-first design is a web-design approach that focuses on creating digital products for mobile devices first, before designing for other healthcare devices. The future of patient portals is majorly influenced by the adoption of mobile-first design, indicating the significant use of tablets and smartphones in daily life. This emerging trend represents a fundamental shift in how patient portals are designed, conceptualized, and experienced, primarily focusing on optimizing the user experience for mobile devices. Patient portals that were most commonly designed for desktop computers are now being designed, reimagined, and tailored for mobile platforms, acknowledging the growing preferences for accessing healthcare services and information on the go, anywhere and Growing Demand for Patient Engagement and CommunicationThe global healthcare industry is becoming more patient-centric and driving demand for more convenient and reliable sources to improve patient engagement and communication. Patient portals are becoming popular online gateway of communication between health professionals, clinical staff, and patients. For healthcare professionals, the way health practices are communicated and educates patients is a significant factor in determining healthcare success; where patient portals have become widely used by health professionals. Patient portals are becoming key tools to communicate with the patient, and it led to better patient engagement. In addition, through engagement and communication, healthcare professionals are experiencing more convenience in delivering appropriate diagnoses to the Saving and Health Improvement with Patient PortalsPatient portals are positively impacting healthcare businesses in several ways, health improvement and cost management are two of the major factors widely demanded by health settings, healthcare professionals, and patients. Patient portals highly reduce the cost of hospitals as well as patients. With patient portals, hospitals can shorten the hospital RESTRAINTS General Barriers to Patient Portal UsePatient portals have generally not been developed/created to optimize user functionality. Furthermore, some technically advanced patient portals are difficult to navigate and not user-friendly. Sometimes users of patient portals reported that they are not able to view their health information electronically and some users also experienced frustration and challenges with the portals and their usability. In addition, sometimes patients report difficulties and frustrations with the portals and their usability. New users experienced frustration with the efforts and time to set up electronic access through their providers, understand each portal user's interface, and manage multiple passwords for different portals. Patients feel difficulties and are also often unclear about whether the information they accessed could be electronically transmitted or downloaded. The Government Accountability Office Report 2020 reported that many patients reported that the information was often not presented in helpful ways or was incorrect or even incomplete. Some patients also reported that there is no simple way to correct or flag incorrect information in the portal. KEY QUESTIONS ANSWERED How large is the global patient portal market? What are the factors driving the global patient portal market growth? Which region dominates the global patient portal market share? Which type of patient portals will dominate the market growth? Who are the major players in the global patient portal market? KEY TAKEAWAYS By Product: The integrated segment holds the largest market share. This is because patient portals are integrated with EHRs/EMRs that provide complete health information with added benefits in comparison with standalone patient portals. By Software: The custom development segment shows the highest growth of 13.87%. The segment is driven by specialized features, such as improved communication, personalized information-sharing capabilities, and improved patient adherence. By Delivery Mode: The cloud & web-based delivery mode segment accounts for the largest market share in 2024 as it is considered a more promising method as it offers several features, including easy access, real-time data sharing, and improved patient engagement. By End User: The hospital segment holds the largest market share of over 40% in 2024, driven by the wide adoption of patient portals with growing awareness and the increasing need for managing health information. By Geography: North America dominates the global patient portal market with the largest share of over 34% in 2024. The region has shown promising and continued market growth with the development in healthcare sectors, rising awareness and acceptance of patient portals, and mandatory integration of EHRs. Growth Factor: The global patient portals market is set to grow due to the emergence of smart technologies in patient portals and the shift from desktop-based to mobile-first design patient portals. Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2024 - 2030 Estimated Market Value (USD) in 2024 $3.92 Billion Forecasted Market Value (USD) by 2030 $8.38 Billion Compound Annual Growth Rate 13.5% Regions Covered Global Key Vendors athenahealth Epic Systems Corporation eCinicalWorks GE Electric Oracle Solutionreach Updox Veradigm LLC Other Prominent Vendors Adelante Healthcare Advanced Data Systems AdvancedMD AIMDek Technologies Harris (Bizmatics) Bridge Patient Portal CapMinds UNITEDHEALTH GROUP ClinicTracker CureMD Healthcare Elation Greenway Health Hello Health Qualifacts (InSync Healthcare Solutions) InteliChart iSalus Healthcare Itransition mdconnection Manage My Health MEDHOST Medical Healthcare Solutions Medical Information Technology MedicalMine Meditab Medsphere Systems Corporation Napier Healthcare Solutions NXGN Management Practice EHR Siemens Healthineers Tiga Healthcare Technologies ViSolve For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Patient Portals Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
