Today, Cigna Ventures (CV), the corporate venture fund of global health service company Cigna, announced that it’s leading a $23M Series D round of funding in GNS Healthcare (GNS), a highly specialized AI company that turns millions of data streams into personalized insights that precisely match the appropriate clinical care/treatment intervention to the right patient at the right time.Cigna joins other leading carriers and health plans and GNS investors, including Cambia Health Solutions, Echo
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Innovaccer Launches Data Solution to Enable ACOs’ Seamless Transition to Value-Based Care
A survey suggests that 71% of accountable care organizations would rather quit the Medicare Shared Savings Program than assume down risks. Although ACOs are leading the transition from volume-based care to value-based care, a lot of them face the lack of confidence in meeting the quality and cost benchmarks. When ACOs don’t have adequate knowledge and control over the network, earning shared savings can be quite challenging. Data from disparate sources such as EHRs, payer claims, PMS and HIEs
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AI in Healthcare: Enhancing Risk Models to Predict the Future Cost of Care
Traditionally, providers and health systems have relied on claims-based risk models, such as the CMS-HCC, ACG, and DxCG, which were built to forecast the risk of populations, but not at an individual level. While these models give a fairly good estimation of the risk of the population, they exhibit unsatisfactory estimation if used to predict the risk at an individual level.Innovaccer Inc., a healthcare data activation company, has taken a major step towards revolutionizing the way we identify
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Providence St. Joseph Health & Microsoft Form Alliance to Deliver Healthcare Innovations
Providence St. Joseph Health (PSJH), one of the nation’s largest health systems, announced today that it will enter into a multi-year strategic alliance with Microsoft that will enable PSJH to bring new solutions to the market to address clinical and operational needs, which will ultimately streamline and improve the patient and caregiver experience. This alliance will result in an innovative facility that will showcase cloud technology, AI and data, and analytics to increase the chances of more
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Cerner Appoints Tracy Platt As New EVP & Chief Human Resources Officer
Cerner announced today the appointment of Tracy Platt as its new Executive Vice President and Chief Human Resources Officer, effective July 15th. Under her leadership, she will be responsible for leading the company’s global Human Resources (HR) function, including organization development, integrated talent management, leadership development , and culture. Platt has more than 20 years of experience and joins Cerner after spending nearly 10 years in executive HR roles at Medtronic, a global
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KLAS: Are Revenue Cycle Outsourced Services Worth The Investment?
One-third of providers have buyer’s remorse when it comes to purchasing revenue cycle outsourcing services, according to a recent KLAS report. Provider organizations investing in outsourced revenue cycle services to relieve cost and resource burdens need their firms to take true ownership of the complex revenue cycle and deliver accordingly.For the report, KLAS spoke to 140 provider organizations using RCO or EBOS to determine which firms are delivering and which are falling behind. The KLAS
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Physician Launches Orsini Way to Bring Compassion to Medical Communication
Dr. Anthony Orsini has announced the launch of his new company, The Orsini Way, a groundbreaking program and digital platform that shows healthcare professionals a completely new way to communicate, dramatically enhance patient satisfaction and improve outcomes. Anthony Orsini, a Board-Certified Neonatologist for more than 20 years, developed the program to help professionals practice compassion when interacting with patients.Originally founded as BBN, The Orsini Way’s initial goal was to help
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Survey: How Healthcare Deploys Software as a Service (SaaS) Apps
The global healthcare cloud computing market was recently valued at approximately $18 billion and is expected to generate around $61 billion USD by 2025, at a CAGR of around 18.7% between 2019 and 2025. Key factors driving this growth are the adoption of IoT, wearable devices, and big data analytics.Software as a Service (SaaS) is a service model in cloud computing whereby the vendor provides a complete package of software applications over the Internet to their customers, who subscribe for this
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University of Arkansas Launches Statewide Digital Health Spine Clinic
The University of Arkansas for Medical Sciences (UAMS) has launched a new statewide digital health spine clinic that will allow patients with spinal disorders, and spinal cord tumors to see a specialist at the closest location to their homes without visiting Little Rock. The UAMS Institute for Digital Health & Innovation and the UAMS Jackson T. Stephens Spine & Neurosciences Institute recently held the first digital spine clinic consultations in Arkansas in April. The virtual spine
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Rock Health Report: Is 2019 The Year of the Digital Health IPO?
Digital health funding reached a new record of $4.2 billion across 180 deals in the first half of 2019, according to Rock Health, a full-service venture fund dedicated to digital health. The digital health sector is on track for an $8.4B year in 2019—and may even break 2018’s annual funding total. The report also validates the continued trend of the large $100M+ mega deals, attributing to 30% of venture funding in H1 2019. The 2019 Midyear Digital Health Market Update reflects a maturing digital
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