Value-based care is bending the healthcare cost curve, reducing unnecessary medical costs 5.6% on average while improving care quality and patient engagement—effectively starting to achieve the long-sought triple aim. Despite easing or ending of federal mandates, commercial lines of business are investing in value-based innovation, accelerating the decline of pure fee-for-service faster than previously projected levels. Indeed, today nearly two-thirds of payment are now based on value.These
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IlumiCare Integrates with Epic EMR to Improve Clinical Decision Making
IllumiCare, a pioneer in point-of-care healthcare information technology, announces today integrations with multiple health systems using the Epic electronic medical record (EMR). IllumiCare’s Smart Ribbon® technology currently runs in 22 hospitals using Epic, with additional facilities being added.IllumiCare offers an EMR-agnostic ribbon of information that unobtrusively puts the wholesale cost of medications, labs and radiology tests, iatrogenic risks, and other actionable information within a
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Report: Digital Health Market to Reach $379B by 2024
Digital health market is expected to reach $379B, representing to register a CAGR (compound annual growth rate) of 26% over 2017-2024, according to a recent Global Market Insights report. The recent decades have witnessed an augmented development in terms of technology – a trend that has propelled digital health market to traverse a path of exponential growth.In the present healthcare industry scenario, a patient can schedule an appointment with the doctor, seek medical advice, view medical
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CAQH Index: Healthcare Claims Automation Could Save Industry $11B Annually
The U.S. healthcare industry made a modest amount of progress in healthcare claims automation, but a significant opportunity to save $11.1 billion annually remains, according to new data released today in the fifth annual CAQH Index. The report shows increased use of some manual transactions – primarily via web portals – resulting in a reversal of gains made for some of those transactions in previous years and the increase in potential savings. The $11.1 billion industry savings opportunity is
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Valencell Nabs $10.5M to Expand Wearable Biometric Sensor Technology
Valencell, a Raleigh, NC-based developer of wearable biometric sensor technology, has raised $10.5M in Series E financing led by Sonion with participation from existing investors TDF Ventures, GII LLC, and WSJ Joshua Fund. The startup plans to utilize the funding to expand its biometric sensor technology and team. The latest round brings the total amount of funding raised to date to $35 million.Many people think you can create accurate biometric wearable devices by piecing together some LED’s,
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Telehealth App Medici Lands $22M to Re-imagine the Doctor-Patient Relationship
Medici, an Austin, TX-based digital health startup focused on the future of doctors and patients has raised $22 million in Series A funding from individual investors including executives from well-known global companies such as Citadel, Dell, Publix, and Starwood Capital. The latest round brings the total amount of funding raised to date to $46.6 million.Today’s doctors are buried with regulatory requirements, administrative hurdles and downward pressure on their own costs to run their
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New Study Reveals Personalization is Key to Diabetes Management
New study led by Livongo demonstrates that personalization is key to diabetes management and short periods of intensive coaching when people get stuck on their way to their glucose and weight goals can be helpful. A new study reveals that use of Livongo for Diabetes significantly improves the health of people with type 2 diabetes (T2D), according to recent findings reported in the Journal of Diabetes Research. Researchers also found pairing participation in Livongo for Diabetes with lifestyle
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Inspirata Acquires Caradigm to Expand its Cancer Information Data Trust
Inspirata, Inc., a Redmond, VA-based cancer informatics and digital pathology workflow solution, today announced it has acquired Caradigm from GE Healthcare. Inspirata plans to leverage Caradigm Intelligence Platform (CIP) and population health management platform to accelerate our Cancer Information Data Trust (CIDT) development. Inspirata’s Cancer Information Data Trust (CIDT) is a cancer big data platform that securely ingests, structures and manages clinical data, diagnostic images, anatomic
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UCHealth to Create Healthcare Innovation Hub in Denver to Transform Healthcare Delivery
UCHealth’s innovation team, today announced it will develop a healthcare innovation hub in Denver that will leverage brilliant minds both inside and outside the health system – to help transform health care delivery of the future. The new healthcare innovation hub will be housed at the Catalyst Health-Tech Innovation building in Denver’s River North District (RiNo) as one of the facility’s largest tenants.The hub will bring together more than 70 organizations that will all work together in a
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Cohealo Launches EHR-Integrated Solution for Tracking Medical Equipment Utilization
Cohealo, a healthcare IT company for equipment sharing and planning, today launched Cohealo Track, a SaaS-based solution that leverages case information from a hospital system’s EHR to provide actionable insights into medical equipment utilization. On average, a health system’s medical equipment will sit idle for 58 percent of its lifespan, tying up finite capital planning budgets in redundant purchases that are estimated to be as high as 25 percent of a single hospital’s inventory. With Cohealo
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