What You Should Know:
- Mastercard, a global leader in payments, is pioneering a revolutionary solution using its cutting-edge virtual card technology.
- This first-of-its-kind initiative aims to streamline B2B claim settlements, replacing the clunky old system with a sleek, digital one. Partnering with leading financial institutions and health tech platforms like Remedinet in India, Mastercard is paving the way for a faster, more efficient future.
The Problem
The pain of slow and
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Hospital and Health System M&A in 2023: Financial Distress Drive Market Reorganization and Partnerships
What You Should Know:
Hospital and health system mergers and acquisitions activity in 2023 was driven by increased pressure on operations and finances, according to Kaufman Hall's latest analysis of healthcare transactions. The report reveals momentum around mergers and acquisitions continued throughout 2023 with 65 announced transactions, up from 53 in 2022. Financial distress was cited as a factor or was otherwise evident in 28% of announced transactions last year,
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Nuance DAX Copilot Integrates with Epic EHR for Automated Clinical Documentation
What You Should Know:
- Nuance® Communications, a Microsoft company announced Nuance® Dragon® Ambient eXperience™ Copilot (DAX Copilot) is now fully integrated into the Epic electronic health record (EHR).
- This AI-powered system automates clinical documentation, streamlines workflows, and empowers physicians to focus on what truly matters – their patients.
Transforming Healthcare Experiences with Automated Clinical Documentation
This industry-first integration is the result of a
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CMS Finalizes New Interoperability and Prior Authorization Rule
What You Should Know:
The Biden-Harris Administration has finalized a new rule that streamlines the prior authorization process and improves health data exchange across the healthcare system. The CMS Interoperability and Prior Authorization Final Rule (CMS-0057-F) represents a significant step towards reducing bureaucratic burdens, accelerating access to care, and fostering a more patient-centered healthcare experience.
Streamlining Prior Authorization
The rule tackles the often
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PointClickCare Acquires American HealthTech, Expands Senior Care Reach
What You Should Know:
- PointClickCare, a healthcare technology platform for senior care, has announced the acquisition of American HealthTech (AHT), a prominent provider of electronic health records (EHR) and related services for the post-acute care market. Financial details of the acquisition were not disclosed.
- The strategic move strengthens PointClickCare's position as a comprehensive care continuum solution and marks a significant step forward in their vision of transforming the
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MEMIC Taps CLARA Analytics for AI-Powered Claims Management
What You Should Know:
- Maine Employers’ Mutual Insurance Company (MEMIC), a leader in workers’ compensation insurance, is harnessing the power of artificial intelligence (AI) to revolutionize claims management.
- MEMIC announced its partnership with CLARA Analytics, a provider of AI solutions for the insurance industry, to implement CLARA Optics, a cutting-edge platform that promises to streamline workflows, improve medical outcomes, and empower adjusters and nurse case managers
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M&A: General Catalyst’s HATCo to Acquire Summa Health
What You Should Know:
- Akron-based Summa Health and General Catalyst's Health Assurance Transformation Corporation (HATCo) have announced a planned acquisition that promises to reshape healthcare delivery in the region.
- This strategic acquisition marks the beginning of a long-term journey to create a more proactive, affordable, and equitable healthcare system for the Greater Akron community.
A Vision for a Healthier Future
Summa Health, a large, integrated healthcare system, and
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Eleanor Health Appointed William McKinney as CEO
What You Should Know:
- Eleanor Health, a pioneer in personalized addiction and mental health care delivery, has announced the appointment of William McKinney as its new Chief Executive Officer, effective January 9, 2024.
- McKinney brings a wealth of experience in leading healthcare organizations and navigating complex markets, ideally positioning him to guide Eleanor's mission of transforming addiction treatment with a holistic, value-based approach.
A Proven Track Record in
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Thirty Madison Appoints Nirveek De as Chief Product Officer
What You Should Know:
- Thirty Madison, a leading specialty care company dedicated to improving access, affordability, and patient experience, has announced the appointment of Nirveek De as its first Chief Product Officer.
- De's extensive expertise in building user-centric digital products, coupled with his proven track record in the healthcare industry, positions him to spearhead Thirty Madison's product development and innovation efforts as the company scales its impact on patient
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Pilot Programs Tackle Insulin-Requiring Diabetes Challenges for Medicaid Beneficiaries
What You Should Know:
- Millions of Americans managing insulin-requiring diabetes (IRD) face a unique set of challenges, often compounded by social needs like food insecurity, housing instability, and financial stress. These factors can significantly impact their ability to effectively manage their condition and achieve optimal health outcomes.
- Recognizing this critical need, the Medicaid Innovation Collaborative (MIC) has launched pilot programs in Iowa, Kentucky, and New York,
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