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Press Release – On the Heels of Historic Growth, Millennia Announces the Acquisition of CaptureNet

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RALEIGH, N.C. and SCOTTSDALE, Ariz., Feb. 3, 2021 /PRNewswire/ — Millennia, a leader in patient payment and patient financial engagement for hospitals, health systems and medical groups, has acquired innovative patient payment industry leader, CaptureNet, a software and services hybrid solution for comprehensive self-pay management. The official announcement was made on February 1st, 2021. With … Continued

Press Release – Millennia Announces Historic Growth in 2020

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Raleigh, N.C. January 20, 2021 – Millennia, a leader in Patient Payment and Patient Financial Engagement, announced their historic growth with an over 70% increase in run-rate revenues for 2020 led by expanding into 38 states and now servicing over 1000 facilities. “This has been a difficult year for our clients as they faced impacted … Continued

Press Release – Millennia names new Chief Commercial Officer to continue historic growth

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Raleigh, NC and New York, NY, October 28, 2020 – A leader in Patient Payment and Patient Financial Engagement, Millennia, announced today that Shay Eskew has joined the company as Chief Commercial Officer. In this role, Eskew will drive the growth strategy servicing regional and national health systems and ambulatory facilities with the company’s capabilities … Continued

Is Outsourced Billing the Answer?

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Medical billing is one of the most time-consuming tasks facing medical practices today. The healthcare industry is rapidly changing; as are billing procedures, meaning there is a lot of information to keep up with. The business of running an independent medical practice becomes more complex with every passing year. Constant new regulations, coding changes, payer … Continued

Client Success – St. Clair Hospital

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One of Pennsylvania’s leading healthcare providers, St. Clair Hospital, is a highly honored, independent medical center that provides advanced, high quality healthcare to the residents of the South Hills region. With their vision being “A Healthy Community”, St. Clair provides care to more than 480,000 residents of southwestern Pennsylvania. Identifying and addressing unmet needs has … Continued

Deductibles and Copays – The Lifeblood of Your Business

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There was a time when a medical practice could stay afloat on just the payments it received from insurance companies. Those days are gone. Today’s reality is that now over 30 percent of revenue stream comes from deductibles, copays and coinsurance. In order to stay on top of your revenue, it is important to collect … Continued

Nine tips for collecting patient balances

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Collecting copayments and coinsurance is challenging because of the COVID-19 pandemic. Practices have been creative during COVID-19 to ensure safe patient access: Telephone visits. Curbside immunizations. Drive-up virus testing. Even checking patients in for their in-office visits while they wait in the car. However, each of these scenarios poses one significant challenge: Collecting copayments and … Continued

The Importance of Patient Satisfaction

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In the everchanging healthcare climate, organizations are working rigorously to improve patient satisfaction and the patient experience, beginning pre-service through both clinical and financial interactions. Patient satisfaction is more important than ever due to increased competition and other market activity, and there are numerous factors affecting outcomes when measuring it: ease of scheduling, check-in, short … Continued

Client Success – OrthoNY

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OrthoNY is a premier 70-provider orthopedic group serving upstate New York in the Albany, Schenectady and Saratoga areas. With a mission to preserve active lifestyles through personalized bone and joint care, the practice applies the latest state-of-the-art technology. With MRI and x-ray facilities and onsite physical therapy, OrthoNY ensures patients can receive all their treatment … Continued

The Impact of COVID-19 on Patient Payment Options

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As COVID-19 continues to spread, revenue cycle and billing executives are trying to adapt and form strategies to better cope with disruptions to their revenue cycle. Pre-pandemic, many healthcare providers were already struggling to develop collection strategies in the era of high-deductible health plans but putting new strategies in place during an emergency can be … Continued