Rather unexpectedly, hospital results for October were quite favorable – with overall increased volume, revenue, and profitability compared with last year, according to the findings of Kaufman Hall’s latest National Flash Report. The latest October report provides a comprehensive look at metrics from more than 600 hospitals reveals profitability metrics rose more than 225 basis points (bps) for both EBITDA and Operating Margin compared to last month, and more than 125 bps compared to 2017.
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Biotech Startup ParaGen Technologies Raises $3M to Redefine Tissue Engineering
ParaGen Technologies, a Columbus, OH-based holding company of four tissue engineering medical device companies, announced that it raised $3 million in funding. The round was managed and organized through Ikove Venture Partners’ global network of investors (70% of the funds came from investors across 10 countries).Tissue EngineeringThe field of tissue engineering is focused on developing solutions to recreate the biological structures of the body. Generally, the synthetic products currently
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BlackBerry Named HIMSS Analytics Certified Consultant to Guides Organizations Through Stages of INFRAM
Today, BlackBerry announced it has become a HIMSS Analytics Certified Consultant to guide healthcare organizations through the stages of the Infrastructure Adoption Model (INFRAM), as well as ERAM. Professionally trained on the INFRAM, BlackBerry’s cybersecurity experts can assess a healthcare organization’s infrastructure architecture and help them achieve their desired INFRAM score.Understanding Infrastructure Adoption Model (INFRAM)Similar to the HIMSS Analytics Electronic Medical Record
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Lyft Appoints First VP of Healthcare to Lead Expansion of Lyft’s Healthcare Business
Today, ridesharing company Lyft is announcing the appointment of their first VP of Healthcare, Megan Callahan, to double down on growth in the healthcare sector. Lyft healthcare rides have grown 3x over the last year, and Megan will lead the strategic direction and expansion of Lyft’s healthcare business. She brings more than two decades of experience from across the healthcare industry, serving most recently as Chief Strategy Officer at Change Healthcare, and as Senior Vice President of
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Ricoh Unveils Interoperable, Secured Fax Alternative for Healthcare
Today Ricoh announced RICOH Healthcare Direct Services, an interoperable, secure and reliable fax alternative. At a time when information management and collaborative technologies are surging in other fields, patients can be left wondering why healthcare providers’ communication can be unreliable, potentially resulting in rescheduled appointments, lost lab results, and other costly or time-consuming errors. The State of the Fax Machine in Today's Healthcare EnvironmentAt a time when information
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Accenture Launches Life Science Open Partner Ecosystem to Advance Drug Discovery
Accenture, today announced it has created an open partner ecosystem developed in partnership with Merck and Amazon Web Services (AWS) designed to help independent software vendors (ISVs) and life sciences companies team more effectively to accelerate drug discovery efforts and, ultimately, improve patient outcomes.Life Sciences Partner Ecosystem Overview Built on Amazon Web Services and supported by ongoing work between Accenture and AWS through the Accenture AWS Business Group, the platform is
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Study: Artificial Intelligence May Fall Short for Data Analysis Across Multiple Health Systems
A study reveals artificial intelligence must be carefully tested across multiple environments before being put into clinical practice.Artificial intelligence (AI) tools trained to detect pneumonia on chest X-rays suffered significant decreases in performance when tested on data from outside health systems, according to a new study conducted at the Icahn School of Medicine at Mount Sinai and published in a special issue of PLOS Medicine on machine learning and healthcare. These findings
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Collective Medical Integrates With California CURES 2.0 Database to Improve ED Provider Experience
Collective Medical, a large effective network for care collaboration, announced that California emergency department (ED) physicians now have access to California’s Controlled Substance Utilization Review and Evaluation System (CURES 2.0) prescription drug data through the Collective Platform. The integration between CURES 2.0 and the Collective Platform simplifies physician workflow to ensure ED providers have essential opioid prescription history information about a patient in real-time at the
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Jackson Health Expands 11-Year Partnership with Philips with End-to-End Managed Service for Healthcare IT
Philips, today announced that Jackson Health System is expanding on the world’s first, 11-year long-term strategic partnership for Enterprise Monitoring as a Service (EMaaS) by implementing IntelliSpace Enterprise Edition, including Philips PerformanceBridge. Philips IntelliSpace Enterprise Edition is a scalable, interoperable and secure end-to-end managed service for healthcare IT. By expanding the partnership, the two are taking their long-term collaboration forward to drive meaningful
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Virta Health Puts 100% of Fees at Risk with New Value-based Care Model
Virta Health unveils new value-based care model that makes every dollar performance-based, with the majority tied to health outcomes for diabetes reversal. Virta Health, a San Francisco, CA-based provider of a clinically-proven treatment to safely and sustainably reverse type 2 diabetes without the use of medications or surgery, today announced a unique value-based care model that puts 100% of its fees at risk. The new model ensures that every dollar is tied performance-based benchmarks to
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