Waystar(formerly known as ZirMed), a provider of healthcare revenue cycle management services, today announced it will be acquiring a major part of the transaction services technology business of Ovation, a health information management and management cycle solution currently owned and operated by University of Pittsburgh Medical Center (UPMC). Financial details of the acquisition were not disclosed.Ovation Transactions uses advanced algorithms to monitor claims at many health systems and
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Fred Pennic
Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant. Fred is a seasoned health IT strategist with fourteen years of experience in providing advisory services to executive leadership at hospitals and health systems. Some of his previous clients include Mayo Clinic, Stanford Hospital and Health Clinics, Northwell Health, Trinity Health.
Innovaccer’s Healthcare Data Platform Helps ACOs Save More Than $264M Annually
Innovaccer, a San Francisco-based healthcare data platform company, proudly announced the success of its partner accountable care organizations (ACOs) that achieved over $264 million in savings across 1 million managed lives. The data has been gathered from different commercial insurance providers and the Medicare Shared Savings Program performance data for 2017.According to CMS’ results, ACOs in P.Y. 2017 have achieved about $314 million in Medicare savings. More than 60% of the 472 ACOs
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Mayo Clinic Researchers Develop Genetics-based Prognostic Tool for Myelodysplastic Syndrome
Mayo Clinic researchers have developed a new genetics-based prognostic tool for myelodysplastic syndrome, according to their findings are published in the October print issue of Mayo Clinic Proceedings.Researcher Dr. Tefferi and collaborators from National Taiwan University Hospital in Taipei, Taiwan, examined gene mutations and their effect on survival in 685 patients with myelodysplastic syndrome. Researchers identified a favorable gene mutation, SF3B1, and unfavorable gene mutations, ASXL1
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4 Benefits of Leveraging Real-Time Situational Awareness in Healthcare
A term usually found in aviation, military operations and nuclear engineering industries are now making a significant impact in healthcare. “Situational awareness” — maintaining an understanding of what’s going on around you at every moment and using that information to mitigate risk — is helping more and more healthcare providers and hospitals improve patient outcomes.A new white paper just launched by Amplion Clinical Communications, a company focused on transforming the legacy nurse call to
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Biotech Startup Akrevia Therapeutics Lands $30M to Develop Next-Gen Cancer Immunotherapies
Akrevia Therapeutic, a Cambridge, MA-based biotech startup focused on developing highly-potent, tumor-targeted immuno-oncology therapeutics has raised $30 million in funding led by F-Prime Capital Partners and Atlas Venture. The funding will be used to accelerate Akrevia's pipeline and proprietary Aklusion® platform, which allows therapeutic antibodies, cytokines and chemokines to be specifically activated in the tumor microenvironment and tailored with precisely optimized pharmacologic
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Novo Nordisk Launches the Innovation Challenge Focused on Diabetes Management
Novo Nordisk, a global leader in the diabetes space, is seizing the opportunity to advance care and leverage digital health technology through the Novo Nordisk Innovation Challenge. With support from MATTER, a prominent incubator and innovation hub, Novo Nordisk is challenging start-ups, researchers, entrepreneurs, and students to explore, design; and co-develop digital health solutions for the more than 400 million people living with diabetes worldwide.The first phase of the challenge is
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VRHealth, Oculus Team Up to Power Virtual Reality Wellness Solutions for Patients
VRHealth, a Boston, MA-based healthcare technology company providing specialized virtual reality (VR) technology solutions and data analysis, today announced that they are teaming up with Oculus to deliver their newest health and wellness solutions using Oculus products. Virtual Reality solutions have the potential to be transformative for the healthcare industry since the immersive experience and ability to monitor progress has enormous potential benefits for patients, doctors, and healthcare
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AI Diagnostics Startup IDx Nabs $33M for Autonomous Detection of Diabetic Retinopath
IDx, a Coralville, Iowa-based startup that developed the first and only FDA-cleared autonomous AI diagnostic systems, has raised $33 million in funding led by 8VC with participation from Optum Ventures, Alpha Edison and Heritage Provider Network. This latest round of funding will accelerate the adoption of IDx-DR and allow IDx to continue developing additional AI-based diagnostic systems.Founded in 2010 by a team of clinical scientists, IDx is focused on developing clinically-aligned autonomous
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TriNetX Unveils Precision Medicine Analytics for Clinical Research
TriNetX, the global health research network that optimizes clinical research and enables discoveries through the creation of real-world evidence, showcased today a series of new analytical tools that enable more people to conduct health research on their own. These new capabilities build upon TriNetX Research™, a product line launched earlier this year. The company unveiled its latest R&D efforts at its annual user's summit being held this week in Boston. The new capabilities that TriNetX
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Luma Health Launches Virtual Collaboration Hub for Providers to Reach Their Patients
Luma Health, the leader in patient relationship management, today announced major enhancements to its platform, empowering health system and provider care teams to more efficiently collaborate and communicate with their patients, resulting in faster care access for patients.Available immediately, these new capabilities include Custom Audience Broadcasts, Collaboration Hub and mobile insurance card uploads, that together improve care team productivity and patient communications and experiences.
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