We are at an interesting crossroads when it comes to pharma and digital health. Several years after the first iteration of digital patient solutions was initially launched, many pharma companies are taking a step back to strategically evaluate how they have performed in practice and the impact they have had on both patient and business outcomes.
Unfortunately, many platforms that pharma companies have either integrated within existing platforms or built have failed to meet those needs – for
Read More
RCM: Why Generative AI is Needed for Prior Authorization Reform
The headline-grabbing emergence of generative AI platforms, such as ChatGPT, BARD and BingGPT, has forced leaders across all verticals to ask, “What can we optimize with AI?” The AI chatbots remain in early stages of their development, but they have shown enough promise to suggest their full arrival is imminent. Every industry is currently weighing the best way to deploy AI, and that includes healthcare, where efficiency and improved workflows can make a tangible impact on the care that patients
Read More
Improving Medical Record Access Key to Unlocking Power of Data
Shannon West, Chief Product Officer for Datavant
The healthcare industry is facing immense pressure to provide patients with seamless and compliant access to their medical records. Despite recent regulations that discourage information blocking and promote interoperability for secure access, the medical records retrieval process remains confusing and difficult. This affects both patients and healthcare providers, who need a comprehensive understanding of the patient's record and context. Even
Read More
5 Strategies for Providers to Overcome ePHI Security Challenges
The latest report from the Office of Civil Rights (OCR) reveals a concerning trend: HIPAA violations and data breaches are drastically increasing.
According to the report, HIPAA violations surged by 39% between 2017 and 2021 and the number of large healthcare data breaches (those affecting 500 or more records) rose by 58%. More than 5,000 incidents were reported, compromising more than 382 million healthcare records and surpassing the population of the United States by 1.2 times. Small
Read More
TikTok Reveals Consumers Want Engaging Healthcare Content
Technology has drastically changed the way we consume information in our daily lives. That goes for healthcare information, too. Dated, static educational pamphlets featuring dense explanations of illnesses and medical procedures just won’t cut it anymore. Most patients now have a smartphone and the internet right in their pocket or readily accessible at home, and patients expect, and deserve, to receive healthcare information that speaks their language, both literally and
Read More
Why Health Tech Firms Must Hire Chief Medical Officers
The health tech industry is driven by innovation and is constantly in a state of change. Yet it’s clear that post-pandemic investors and consumers are a lot less comfortable with decision-making that is purely made by technology gurus without senior medical expertise in the room.
From the outside looking in, it might seem obvious to have a medical officer on your leadership team, but research shows this is often not the case. According to CB Insights’ most recent ‘Digital Health 150’, it was
Read More
Value-Based Care Versus Fee-for-Service: Understanding the Key Differences in Healthcare Models
Value-based care and fee-for-service are two kinds of healthcare reimbursement models for pricing healthcare services. While the fee-for-service model is more traditional, the newer value-based care model has been gaining popularity in recent years.Historically, value-based care has been harder to implement in behavioral healthcare due to difficulty measuring outcomes—it isn’t as simple as physical health. But, lately, this has been changing with the help of technology. This has had an impact on
Read More
Revenue Cycle: 3 Reasons Why Waiting for AI Adoption is Costly
Few can miss the increasing role of AI in healthcare. In revenue cycle management (RCM), the last few years have seen the emergence of new technologies for coding and billing. These tools take advantage of natural language processing, deep learning, and other advancements that enable results far superior to the rules-based robotic process automation of the prior generation.
For example, take medical coding. Healthcare providers have historically relied on teams of medical coders – people
Read More
Combating Hospital Waste to Reduce Greenhouse Gas Emissions
With the growing concern around the current climate crisis, industry leaders everywhere seek new ways to reduce their carbon footprint. The healthcare industry alone accounts for 8.5% of emissions in the United States, with medical devices and products contributing to a significant portion of the 5.9 million tons of healthcare waste each year. However, healthcare leaders are ready to make a change. In 2022, 61 of the largest U.S. hospital and health sector companies joined the Health Sector
Read More
Why Innovation Management Matters in Healthcare
When we think of innovation in healthcare, what comes to mind? For many, it may be fancy diagnostic machines or breakthrough drug therapies. But sometimes, it can be as simple as a 3D-printed cover for an insulin pod. A product, or an improved process, that solves a need. While medical settings like hospitals and clinics are good at managing patient care, it can still be challenging to create and manage a culture of innovation.
According to Stanford
Read More
