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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

ACO Investment Model Reduced CMS Expenditures by $48M

by Fred Pennic 07/15/2019 Leave a Comment

Revenue Integrity Dysfunctional Patient Billing Major Distraction for Patients & Clinicians 6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

The Accountable Care Organization (ACO) Investment Model (AIM) saved the Centers for Medicare & Medicaid Services (CMS) more than $48M in its first year while promoting improved health care in rural and underserved areas, according to a new study from Abt Associates.The new study reveals that after accounting for the $82.4 million provided to ACOs, AIM reduced CMS expenditures by $48.6 million. Decreases in the number of hospitalizations and use of institutional post-acute care contributed
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Siemens Healthineers, UM System, MU Health Care Forms $133M Alliance for Precision Health

by Fred Pennic 07/12/2019 Leave a Comment

University Hospital with the Staff for Life Helicopter at dusk.[/caption]Siemens Healthineers and the University of Missouri System (UM System), including all four universities, and University of Missouri Health Care (MU Health Care), has established the Alliance for Precision Health that will leverage their joint expertise to transform healthcare delivery, promote education in the fields of technology and engineering, and develop groundbreaking research initiatives.As part of the alliance,
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FCC Approves $100M 3-Year Rural Telehealth Pilot: 4 Things to Know

by Fred Pennic 07/11/2019 Leave a Comment

Telemedicine_Virtual Visits Telehealth Bill Telehealth Market_Telehealth_Telemedicine_Mental Health Care Delivery_Virtual Care standards

The FCC voted on Wednesday to approve a $100 million connected care pilot program that aims to provide telehealth services to low-income patients in rural America. The telehealth program will facilitate the effective treatment of chronic conditions outside of the doctor’s office, at significant savings for patients and health care providers.Here are four things to know about the $100M rural telehealth pilot program:1. The proposed Connected Care Pilot would provide an 85% discount on
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Rimidi Adds Aggregated Cardiovascular Disease EHR Data to Platform

by Fred Pennic 07/11/2019 Leave a Comment

Rimidi Raises $6.575M for Cloud-based Enterprise Solution for Diabetes Management

Across the United States, cardiovascular disease (CVD) continues to threaten populations. It’s the leading cause of death, with nearly half of all U.S. adults suffering from some form of CVD. Rimidi, a cloud-based software platform that enables personalized management of chronic cardiometabolic conditions across the population has expanded its cloud-based platform to include a view for CVD. Working within the electronic health record (EHR) workflow, clinicians can seamlessly navigate between the
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TriHealth Goes Live on Kyruus’ Patient-Provider Matching Solution Across Network

by Fred Pennic 07/11/2019 Leave a Comment

TriHealth Goes Live on Kyruus’ Patient-Provider Matching Solution Across Network

TriHealth, a Cincinnati-based, not-for-profit health system, has implemented Kyruus’ patient access platform to boost online patient acquisition and engagement. Now working with Kyruus, TriHealth is empowering patients to seamlessly search for providers by a wide range of criteria across its network of five hospitals and over 100 sites of care. Formed as a partnership between Good Samaritan Hospital and Bethesda Hospital, TriHealth includes five hospitals and over 100 other sites of
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Healium Partners with XRHealth to Power VR With Emotions

by Fred Pennic 07/11/2019 Leave a Comment

Healium Partners with XRHealth to Power VR With Emotions

XRHealth, formerly known as VRHealth, a provider of extended reality and therapeutic applications announced it is opening their platform to third-party developers to create robust VR healthcare experiences.  A noteworthy partnership created through the open platform is Healium that enables patients to “see” and power VR technology through their emotions.Healium: Powering VR With EmotionsApproximately 75% to 90% of all doctor visits are due to stress-related issues. Healium developed a
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Waystar Acquires AI Firm Digitize.AI to Tackle Prior Authorizations

by Fred Pennic 07/10/2019 Leave a Comment

Waystar Acquires AI Firm Digitize.AI to Tackle Prior Authorizations

Bain-Capital-backed revenue cycle management company Waystar is acquiring Digitize.AI, an artificial intelligence firm, to enable faster and smarter prior authorizations in healthcare – one of the largest pain points for both providers and consumers.Financial Impact of Prior AuthorizationsPrior authorizations, the process by which insurance companies and payers determine if they will cover a prescribed procedure or medication, are meant to help patients avoid surprise bills and unexpected
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Medsphere Integrates CloudMedx AI Engine With CareVue EHR Platform

by Fred Pennic 07/10/2019 Leave a Comment

Medsphere Lands $32M to Expand its Suite of SaaS Health IT Solutions and Support Future Acquisitions

Medsphere Systems Corporation, the leading provider of affordable and interoperable healthcare information technology (IT) solutions and services, announced the integration of Artificial Intelligence (AI) capabilities to the company’s comprehensive CareVue electronic health record (EHR) platform. CareVue’s complete clinical and financial suite of applications now include an AI engine developed by CloudMedx that gives clinicians and administrators the power to pull meaningful and actionable
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Atrium Health Taps Prenatal App Babyscripts for Remote Pregnancy Care

by Fred Pennic 07/10/2019 Leave a Comment

Atrium Health

Babyscripts, the leading virtual care platform for managing obstetrics, announced today that they are teaming up with Atrium Health, one of the nation’s most highly integrated not-for-profit healthcare systems based in Charlotte, N.C. The collaboration provides pregnant patients who receive care at Atrium Health access to the Babyscripts app during the entirety of their prenatal journey and beyond.The Babyscripts mobile app provides access to education on pregnancy, content about baby
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Cigna Leads $23M Series D in Specialized AI Company, GNS Healthcare

by Fred Pennic 07/09/2019 Leave a Comment

Cigna Leads $23M Series D in Specialized AI company, GNS Healthcare

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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