What You Should Know:
- Edward-Elmhurst Health (NS-EEH) has announced a significant, long-term partnership with Lumeris, a pioneer in value-based care (VBC). This partnership is a major development in the healthcare industry, representing the largest VBC provider deal since 2018.
- With rising expenses outpacing reimbursement rates, health systems and physician organizations are increasingly turning to value-based care to avoid layoffs and service cuts. NS-EEH, the third largest healthcare
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Waystar Postpones U.S. IPO in Response to Market Turbulence
What You Should Know:
- Waystar, a healthcare payments company, has decided to postpone its initial public offering (IPO) due to the ongoing market turmoil in the United States, according to a confidential source. Reuters first reports the company plans to revive its IPO efforts, but it is likely to wait until December at the earliest or possibly until 2024.
- The decision to delay the IPO was made in response to the volatility in the broader market. Despite receiving positive
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75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds
What You Should Know:
- Cybercriminals have been highly successful in their ransomware attacks on healthcare organizations, according to a new survey conducted by Sophos. “The State of Ransomware in Healthcare 2023, report reveals nearly 75% of the surveyed healthcare organizations reported that their data was successfully encrypted by the attackers.
- In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their
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First CPT Code for AI Prostate Cancer Imaging Issued for Avenda Health
What You Should Know:
- Avenda Health's AI mapping tool for prostate cancer, Unfold AI™, has received significant recognition by obtaining a new Category III CPT code in the 2024 Current Procedural Terminology (CPT) code set, signifying its status as a cutting-edge medical technology.
- The new Category III CPT code, X237T, outlines the tool's capabilities, describing it as a non-invasive prostate cancer estimation map that is derived from an augmented analysis of image-guided fusion
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Walmart Health Expands Affordable Access to Healthcare in Florida
What You Should Know:
- Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements.
- These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
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5G’s Role in Improving Quality and Reach of Healthcare
In the world of healthcare, new technologies aren’t just about being on the cutting edge of the latest trend. It’s about how technology can improve care and expand the reach of quality care through unprecedented methods. The latest 5G technologies, an increase in IoT devices, and the right network architecture create a perfect innovation combination for today’s healthcare sector. With faster speeds and more connected devices, healthcare professionals will be able to improve — and some already
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M&A: Commure Acquires Mount Sinai Spinoff Rx.Health
What You Should Know:
- Commure, Inc., a healthcare technology company acquires intelligent clinical automation platform Rx.Health and is now part of its suite of solutions as Commure Engage. Financial details of the acquisition were not disclosed.
- Spun out of Mount Sinai Health System, Rx.Health offers a low-code, no-code clinical care coordination platform that helps health systems, payors, and life science organizations streamline their end-to-end patient care efforts,
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Annalise.ai Launches AI-Powered Worklist Triage for Chest X-Ray & Head CTs
What You Should Know:
- Annalise.ai, a global leader in the radiology imaging sector, announced the launch of Annalise Triage, an AI-powered worklist solution for chest X-rays and head CTs tailored specifically for the U.S. market.
- This innovative software will transform the radiology field by empowering radiologists to efficiently triage studies and prioritize those with suspected critical findings, ultimately streamlining their workflow, and supporting faster
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Olive Shutters Business After Sale to Waystar and Humata Health
What You Should Know:
- Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year.
- Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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23andMe Launches Health Action Plan Based on Genetic/Health Data
What You Should Know:
- 23andMe, a genetic health and biopharmaceutical company launched Health Action Plan, a new digital tool for 23andMe+ members that draws on results from genetic reports, health history survey data, as well as blood and biomarker data to provide a uniquely tailored set of health recommendations out of hundreds of options.
- Health Action Plan is a helpful first step when it comes to prevention and early risk detection. It offers customers specific actions and
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