Reducing manual business transactions could save healthcare $9.4 billion in savings, according to new data released today in the fourth annual 2016 CAQH Index. The index reveals that conducting resource-intensive manual transactions are costing U.S. health plans and healthcare providers as much as $11 more per transaction and on average $6 more than when conducted electronically. CAQH Index Overview The fourth annual CAQH Index measures adoption, costs and, for the first time, provider labor
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IBM Watson Health, FDA Launch 2-Year Study to Explore Blockchain for Secure Patient Data Exchange
IBM Watson Health has signed a 2-year research initiative with the FDA to leverage blockchain technology to define a secure, efficient, and scalable exchange of patient data. As part of the two-year agreement, IBM and the FDA will explore the exchange of owner mediated data from several sources, such as EMRs, clinical trials, genomic data, and health data from mobile devices, wearables and the "Internet of Things." The initial focus will be on oncology-related data with plans to share initial
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ResApp Expands Research Collaboration With Mass General for Diagnostic App
ResApp, a Australian-based digital health startup that has developed a smartphone app that can diagnose respiratory diseases based on the sound signatures of the coughs has entered into a two-year expanded research collaboration with Massachusetts General Hospital (MGH). As part of the research collaboration, ResApp and MGH will perform additional analysis of the SMARTCOUGH-C study data, use the SMARTCOUGH-C dataset to investigate the state of respiratory disease clinical practice today and
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Medivo Rebrands as Prognos to Leverage AI for Earlier Disease Detection
After six years of research and development exploring the potential of clinical diagnostic assets, Medivo has rebranded as Prognos. The new artificial intelligence-focused company mission is to help payer, life sciences and diagnostics organization track and predict disease earlier through advanced analytics and artificial intelligence techniques. The company is supported by a $23M investment from Safeguard Scientifics, Inc. and Merck Global Health Innovation Fund (GHIF).Prognos has already
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Pursuant Health (Solo Health) Nabs $12.8M to Expand Population Health Platform
Health kiosk company Pursuant Health formerly known as Solo Health has raised $12.8 million in Series A funding to expand its population health platform through new channels. These channel expansions include texting, mobile, digital and incentive management capabilities, providing broader program administration, engagement and collection of health data.Founded in 2010, the Atlanta-based company conducts population level health screenings that follow United States Preventive Services Task Force
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Arcadia Healthcare Solutions Raises $30M to Expand Data Analytics Platform
Burlington-based Arcadia Healthcare Solutions has raised $30 million in capital growth from the Merck Global Health Innovation Fund, GE Ventures, and existing investors Peloton Equity, Zaffre Investments, and Morgan Stanley Alternative Investment Partners. The EHR data aggregation/analytics company will utilize the funding to to accelerate its robust product development plans in the core Arcadia Analytics platform and expand population heath management market activities.Founded in 2002, the
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Northwell Health Taps Avizia to Develop Robust, Direct-to-Consumer Telehealth Platform
Northwell Health has a new partnership with Avizia, an end-to-end telehealth provider to develop a robust, direct-to-consumer telehealth platform to enable seamless care in its 21 hospitals and more than 550 outpatient practices throughout New York. In addition to becoming a strategic channel partner, Northwell Ventures, the health system’s corporate venture arm has made a direct-equity investment in Avizia The investment and partnership also marks the close of Avizia’s funding round, bringing
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Piedmont Healthcare Taps Kyruus to Enhance Patient-Provider Matching
Piedmont Healthcare, a seven hospital system serving nearly two million patients in Georgia, has selected Kyruus to deploy its full suite of patient-provider match solutions. The implementation of Kyruus ProviderMatch suite and KyruusOne will enhance patient access and deliver a consistent patient experience across the entire organization.jIn addition, the system selection ensures Piedmont Healthcare will have an accurate and comprehensive provider database, providing visibility into the scope
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Black Book: 94% of Physicians Find Digital Health Data Overwhelming, Redundant
94 percent of physicians find all that digital health data overwhelming, redundant and unlikely to make a clinical difference, according to Black Book’s recent consumer survey. Conducted from September through December 2016, the survey asked 12,090 adult consumers to evaluate the technology they were exposed to, know of or interacted with as an active patient in the last twelve months.The report revealed that 94 percent of consumers with health or activity trackers said their physician informed
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TPG Capital to Acquire Mediware Information Systems for Undisclosed Sum
TPG Capital, the global private equity fund of leading alternative asset firm TPG has entered an agreement to acquire Mediware Information Systems, Inc. from private equity firm Thoma Bravo. Financial terms of the acquisition were not disclosed. The acquisition is expected to close during the first quarter of 2017, subject to customary closing conditions.For more than 30 years, Mediware has been a leading supplier of healthcare and human service software for the nation’s largest blood banks,
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