What You Should Know: - Ensemble Health Partners, a provider of revenue cycle management services, has released its 2024 Healthcare Business Trends Report, revealing a shift in priorities among healthcare executives. - The report, based on a survey of over 100 senior executives, highlights a growing focus on outsourcing revenue cycle management and leveraging external expertise to drive performance, improve financial health, and achieve long-term growth. 4 Trends Driving the Next 4
Read More
Fraser Health Deploys Generative AI for MEDITECH Expanse EHR
What You Should Know: - Fraser Health Authority, a healthcare organization in Canada, is set to become one of the first health systems worldwide to deploy generative AI for clinical documentation. - This innovative initiative utilizes Google Cloud's Vertex AI and large language models (LLMs) to automatically generate initial drafts of hospital course narratives at the time of discharge, significantly reducing the time burden on clinicians and improving the efficiency of discharge
Read More
R1 RCM Acquires Acclara for $675M, Secures 10-Year RCM Partnership with Providence Health System
What You Should Know: - R1 RCM Inc. (NASDAQ: RCM), a provider of technology-driven solutions for healthcare providers, announced a significant strategic partnership involving the acquisition of Acclara and a 10-year revenue cycle management agreement with Providence, one of the nation's largest health systems. - The acquisition of Acclara for $675M in cash and warrants will bolster R1's offerings and position it as the "trusted partner of choice" in comprehensive revenue cycle management.
Read More
b.well Connected Health Appoints Sarah Jones as Chief Outcomes Officer
What You Should Know: - b.well Connected Health, the leading platform for unified consumer health experiences, announced the appointment of Sarah Jones as its Chief Outcomes Officer. - In this newly created role, Jones will oversee how b.well defines client success and ensures positive patient outcomes are aligned with long-term value for its health system, payer, and technology clients. "Chief Outcomes Officer is not a common role in digital health," said Alicia Raymond, Vice President
Read More
Generative AI in Healthcare: Accuracy/Reliability Cited Biggest Challenge for Providers, KLAS Reports
What You Should Know: - KLAS, a leading research and insights firm focusing on healthcare IT, recently released a report exploring the growing adoption and future plans of generative AI in healthcare organizations. - The report, “Generative AI 2023: What Are Organizations’ Current Adoption & Future Plans?,” is based on the perspectives of 66 healthcare executives, provides valuable insights into the current state and future potential of generative AI in healthcare. What
Read More
Fountain Life Acquires LifeOmic to Optimize Preventative Care
What You Should Know: - Fountain Life, a leader in advanced diagnostics and preventative healthcare, has acquired LifeOmic, a health data technology company specializing in precision medicine. - This acquisition significantly strengthens Fountain Life's ability to deliver data-driven, proactive healthcare services to its members. Acquisition Optimizes Fountain Life’s Preventative Care Offerings LifeOmic's technology platform will become the backbone of Fountain Life's offerings. The
Read More
Carta Healthcare Appoints Brent Dover as New CEO
What You Should Know: - Carta Healthcare, a health technology company specializing in unlocking the value of clinical data, has announced the appointment of Brent Dover as its new Chief Executive Officer (CEO). - Dover takes over the reins from Matt Hollingsworth, who co-founded Carta Healthcare in 2017 and remains a board member. Hollingsworth will now focus on driving product innovation, business development, and strategic partnerships for the company's market-leading solutions. Brent
Read More
Cleveland Clinic Joins AI Alliance to Advance Open Innovation and Responsible AI Development
What You Should Know: - IBM and Meta announced the launch of the AI Alliance, a newly formed group of leading organizations dedicated to fostering open innovation and open science in artificial intelligence with Cleveland Clinic as one of the over 50 Founding Members and Collaborators. - Cleveland Clinic joins IBM, Meta, and other leading organizations in the Alliance's mission to advance responsible AI development and ensure that the benefits of AI are accessible to all. Addressing AI
Read More
CVS Rebrands Health Services Segment, Launches Model for Retail Pharmacy Reimbursement
What You Should Know: - CVS Health today hosted its 2023 Investor Day, where the company outlined its strategy for driving reliable, diversified, and accelerating earnings growth while delivering superior care and value to millions of Americans. - The company emphasized its commitment to leveraging its unique combination of assets to enhance its pharmacy and health care benefits businesses, expand its integrated care delivery offerings, and achieve sustainable financial
Read More
Qualtrics and Epic Partner for Integrated Data-Driven Experience
What You Should Know: - Qualtrics, the pioneer of experience management, and Epic, the leader in comprehensive health record (CHR) technology, have joined forces to revolutionize patient experience. - The EHR integration will seamlessly weave patients' experience data from Qualtrics into their health information in Epic, empowering providers to deliver a more personalized and empathetic healthcare journey. Uniting Patient Experience Data with Health Information This EHR integration
Read More
