Healthcare is a notoriously complex industry with a multitude of stakeholders, many of whom find themselves in adversarial positions, simply due to the way the market operates. Ultimately, there is a shared goal of providing the best care to the patient. But as stakeholder relationships grow more complex, there can also be conflicts that drive wedges between parties and hamper successful collaboration. We see this dynamic playing out in many areas of healthcare, but particularly in drug
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Health IT | News, Analysis, Insights - HIT Consultant
6 Steps for Securing Patient Information in Healthcare
The Centers for Medicare and Medicaid Services (CMS) strive for innovations in healthcare technologies that drive down costs and improve the patient experience. One big step forward is the 21st Century Cures Act passed in 2016, putting patients in charge of their own health records. Then in 2021, both the CMS Interoperability and Patient Access Final Rule and the Office of the National Coordinator for Health IT (ONC) Information Blocking Rule went into effect, which aims to drive
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Elevate Emerges Out of Stealth with $15M to Modernize Consumer-Directed Benefits Platform
What You Should Know: - Elevate, a Denver, CO-based next-generation consumer-directed benefits platform, today announced that it has raised $12 million in Series A funding, co-led by Greycroft and Norwest Venture Partners, with participation from existing investors Bowery Capital. The fresh round of capital coincides with Elevate’s formal public launch after a year in stealth mode, as it looks to reimagine how employers and employees access, manage and experience consumer-directed benefits.
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4 Ways Hospitals Benefit From Improved Surgery Scheduling
Hospitals rely on elective surgeries as a source of up to 50% of all revenue, allowing them to take losses on a range of high-cost service lines to remain profitable. The COVID-19 pandemic laid bare the impact of reduced surgery volume, with hospitals suffering immediate revenue loss and negative profit margins. As surgical service lines return to pre-pandemic volumes, it’s imperative for hospitals to have the right technology tools and best practices in place to maintain safe, accurate, and
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Ellipsis Health Named Winner of Accenture HealthTech Innovation Challenge
What You Should Know: - Accenture announced Ellipsis Health as the “Innovation Champion” of its fifth annual Accenture HealthTech Innovation Challenge-North America, a competition that supports new and novel solutions from startups to improve the way people access, manage and finance healthcare in North America. - Based in San Francisco, CA, Ellipsis Health was named this year’s Innovation Champion for pioneering an artificial intelligence-powered, speech-based vital sign to
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axialHealthcare Rebrands as Wayspring, Raises $75M for Value-Based Care Solution
- Wayspring, formerly axialHealthcare, announced today its new name and a $75M investment from Valtruis, Centene Corporation, CareSource, HLM Venture Partners, and existing investors Highmark Ventures, .406 Ventures, the Blue Venture Fund, and Oak HC/FT. Wayspring will use the capital to scale its value-based care solution, a full-risk medical home model for substance use disorder (SUD). - Using data analytics to drive high-touch, high-impact outreach to the most at-risk
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Rimidi Launches EHR-Integrated Patient Reported Outcomes Tool, Survé
What You Should Know: - Today, Rimidi, a leading clinical management platform designed to optimize clinical workflows, announced the official launch of its EHR-integrated Patient Reported Outcomes tool, Survé by Rimidi. - While originally deployed as a virtual screening and triage tool to help limit the spread of COVID-19 in healthcare settings, Survé has since been enhanced to work across a number of different clinical areas and use cases, such as dermatology, orthopedics and
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Learning from Financial Fraud Detection to Tackle Opioid Abuse Amid COVID-19
Despite falling from its prominent place in the headlines, America’s opioid crisis is still raging. Anxiety, stress, depression, and isolation caused by the pandemic have contributed to substance use disorders. At the same time, the Drug Enforcement Administration has loosened prescribing restrictions, including waiving the requirement for in-person visits and allowing clinicians to prescribe controlled substances via telemedicine alone. Given these conditions, it is not surprising that over
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Vital Raises $15M to Expand AI-Powered Emergency Department Platform
What You Should Know: - Vital, an Atlanta-based artificial intelligence (AI)-powered solution improving patient experience and follow-up visit loyalty in hospital emergency departments (ED) and into inpatient stays, has secured $15M in Series A funding led by Transformation Capital, with a strategic health system joining the round alongside existing investors First Round Capital and Threshold Ventures. Vital’s new ERAdvisor application gives patients and their caregivers in the ED real-time,
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Walmart to Deploy Epic EHR Platform in 4 New Health Centers
What You Should Know: - Walmart announces a new partnership with Epic to deploy a single enterprise EHR platform in four new Walmart Health Centers opening in Florida in early 2022. - The Epic deployment will engage patients, healthcare professionals, insurance carriers and other stakeholders while enhancing communication, personalization and information sharing amongst healthcare professionals and patients utilizing a patient portal.
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