What You Should Know:
- AKASA, a leader in generative AI (GenAI) solutions for the revenue cycle, today announced the launch of Authorization Advisor™.
- Authorization Advisor tackles the time-consuming and error-prone process of prior authorization, a major pain point for healthcare providers.
Prior Authorization Made Easy with AI
Prior authorization, a process requiring approval from insurers before delivering certain services, is a significant burden for healthcare providers. It
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Feds Launches Investigation of Change Healthcare Cybersecurity Attack
What You Should Know:
- The Department of Health and Human Services' Office for Civil Rights (OCR) has announced an investigation into the recent cyberattack on Change Healthcare, a subsidiary of UnitedHealth Group (UHG).
- The cybersecurity attack has significantly disrupted healthcare billing and information systems nationwide, potentially impacting patient care.
Investigation Focuses on HIPAA Compliance
The OCR enforces the Health Insurance Portability and Accountability Act
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Availity Processes More Than $5B in Claims Stuck with Change Healthcare
What You Should Know:
- The Change Healthcare cybersecurity breach continues to disrupt the healthcare industry three weeks after the initial incident. Hospitals, physicians, pharmacists, and health plans are struggling to maintain operations amidst logistical and financial challenges. Patients nationwide face uncertainty regarding their ability to receive necessary care.
- Availity, the nation's largest real-time health information network, has emerged as a key resource in helping these
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Mahana Acquires Cara Care to Expand into the European Market
What You Should Know:
- Mahana Therapeutics, a provider of digital chronic condition management programs acquires Cara Care, a Berlin-based company specializing in digital digestive healthcare.
- The acquisition of Cara Care is expected to accelerate Mahana’s market entry in Europe where the reimbursement of digital programs is outpacing the United States. Financial terms of the acquisition were not disclosed.
Expanding Digestive Health Portfolio and Global Reach:
The
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Healthcare Triangle, Inc. Appoints Anand Kumar as Interim CEO
What You Should Know:
- Healthcare Triangle, a company reinforcing healthcare progress through breakthrough technology and extensive industry knowledge and expertise, appoints Anand Kumar as interim CEO while he maintains his role as Chief Revenue Officer.
- Kumar’s experience in digital transformation, AI, and healthcare makes him a strong candidate to lead the company through its next phase of growth.
- Kumar has over 20 years of experience in modernizing infrastructure, data
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Clinithink Appoints Mark Johnston as Chief Executive Officer
What You Should Know:
- Clinithink, a leader in transforming unstructured clinical data into actionable insights through artificial intelligence (AI), today announced the appointment of Mark Johnston as its new Chief Executive Officer (CEO).
- Mr. Johnston succeeds Dr. Chris Tackaberry, who will transition to the role of Executive Vice President of Population Health and Life Sciences.
Proven Leadership in Healthcare Technology:
Mark Johnston brings a wealth of experience to
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HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences
What You Should Know:
- At HIMSS24, Google Cloud announced a suite of new generative AI solutions designed to address key challenges faced by healthcare and life sciences organizations.
- These solutions focus on improving interoperability, building a strong data foundation, and deploying generative AI (gen AI) tools to enhance patient outcomes.
Unlocking Gen AI to Improve Healthcare Efficiency
The healthcare industry is grappling with rising administrative costs, clinician burnout,
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HIMSS24: CodaMetrix Secures $40M for AI-Driven Medical Coding Solutions
What You Should Know:
- CodaMetrix, a provider of artificial intelligence (AI) solutions for healthcare revenue cycle management, has announced the successful closing of its $40 million Series B funding round led by Transformation Capital with participation from existing investors SignalFire, Series A lead, and Frist Cressey Ventures.
- The Series B funding round will fuel further development of CodaMetrix's AI-powered platform, designed to streamline medical coding, improve data quality,
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HIMSS24: GE HealthCare, Mass General Brigham Integrate AI Medical Imaging Foundation Models
What You Should Know:
- GE HealthCare and Mass General Brigham, longstanding partners in artificial intelligence (AI) research, have announced a new initiative focused on integrating medical imaging foundation models into their work. This collaboration prioritizes responsible AI practices while aiming to revolutionize healthcare through more efficient workflows and improved diagnoses.
- The new initiative builds upon a 10-year partnership established in 2017. Both organizations share a
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R1 RCM Forms Special Committee to Evaluate $5.8B PE Firm Buy-Out Offer
What You Should Know:
- R1 RCM Inc. (NASDAQ: RCM), a provider of healthcare revenue cycle management solutions, announced the formation of a special committee comprised solely of independent directors.
- The new committee will evaluate strategic options for the company in response to a recent $5.8B buy-out offer from private equity firm New Mountain Capital.
Responding to New Mountain Capital
On February 26, 2024, New Mountain Capital filed a Schedule 13D/A with the Securities and
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