Health2047, a Silicon Valley-based healthcare innovation enterprise has announced a $27.2 million follow-on investment from its founding partner, the American Medical Association (AMA). Health2047 plans to utilize the funding ramp up development and commercialization of promising new technology-based solutions in the areas of chronic disease reduction, radical productivity change, and value-based healthcare. Launched in 2016, Health2047’s mission is to transform U.S. healthcare at the system
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OnlyBoth Launches AI-Driven Home Health Agency Benchmarking Engine
Pittsburgh-based OnlyBoth Inc., today announced the launch of its no-cost Home Health Agency benchmarking engine, which applies innovative artificial intelligence (AI) technology to Medicare data previously gathered about providers. The unique engine delivers text-based insights so users can easily compare and contrast home health agency performance for informed decision-making.As transparency becomes more of a requirement, particularly with the CMS news about the prices this week, so will
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Doctor On Demand Nabs $74M to Expand Virtual Care Platform
San Francisco, CA-based Doctor On Demand has raised 74 million in Series C funding led by Princeville Global and Goldman Sachs Investment Partners with participation from existing investors including Venrock, Shasta Ventures, and Tenaya Capital. his funding will support the continued rapid expansion of Doctor On Demand’s telehealth platform and further its commitment to delivering access to quality care at scale.This Series C funding is rounded out by new investors Blue Cloud Ventures and
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Redox Unveils Single Sign-On Integration for Digital Health Vendors
Today Redox, healthcare's leading integration platform, announced the launch of a new module: Redox Single Sign-On (R^SSO). With R^SSO enabled, clinicians can launch third-party applications directly from a patient's chart without needing to re-enter their username and password. While single-sign-on (SSO) solutions have been in place for some time, most of them are focused on the needs of healthcare organizations at an enterprise level. This creates tremendous inconsistency for digital health
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Beacon Health Expands Revenue Cycle Services with R1 RCM
Beacon Health System, a South Bend, IU-based regional healthcare provider have signed a multi-year agreement with R1 RCM to provide additional revenue cycle management services to address its needs. Under terms of the agreement, Beacon Health is adding Revenue Capture Services (RCS) to the existing High Yield services in place. Utilizing a unique technology and robust team of revenue cycle experts, RCS provides products such as charge capture, coding review and others aimed at identifying
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HHS Appoints James Parker to Address Cost & Availability of Health Insurance
On Wednesday, Health and Human Services (HHS) Secretary Alex Azar announced the appointment of former MDwise CEO James Parker to the Secretary for Health Reform and Director of the Office of Health Reform at HHS. In his new role, Parker will be responsible for leading the initiative to address the cost and availability of health insurance.In his most recent role, Parker served as CEO of MDwise, an Indiana Medicaid managed care organization with over 300,000 members and $1.4 billion in revenue.
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Novo Nordisk, Sempre Health Launch Pilot to Improve Medication Costs for Diabetic Patients
Sempre Health, a solution for behavior-based healthcare pricing has announced a pilot program with Novo Nordisk to add diabetes medications to the Sempre Health’s affordability & engagement solution. Unlike traditional coupons and vouchers, Sempre works with health plans to reward their membership’s positive choices and actions. For example, a patient may earn a lower copay if she fills her prescription on time. The two companies are seeking to engage 10,000 patients with diabetes on the
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PeerWell Launches Augmented Reality Trip and Fall Hazard Detector for Smartphones
Digital health company PeerWell just announced the launch of Trip and Fall Hazard Detector, an augmented reality (AR) extension providing real-time analysis from video stream from a smartphone’s camera that identifies and helps correct trip and fall hazards at home, one of the major setbacks for postoperative recovery, especially for those undergoing joint replacement and spine surgery.This AI-powered app extension allows patients and caregivers to scan their home using smartphone cameras,
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Mercom: Digital Health VC Funding Breaks $2.5B in Q1 2018
Digital health VC funding reached a record $2.5 billion raised in 187 deals from $1.7 billion in 192 deals in Q4 2017, according to a new report from Mercom Capital Group. The latest report finds that digital health VC funding in Q1 2018 was also up compared to Q1 2017 when nearly $1.6 billion was raised in 165 deals. Q1 2018 was only the second quarter since since 2010 in which digital health companies surpassed $2 billion in VC funding. Mercom’s comprehensive report covers healthcare IT and
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Providers Name Optimizing IT/EHR Performance as Top Challenge in 2018
With true implementation beyond a system go live, optimizing IT/EHR performance (32 percent) and overcoming IT staff shortages (31 percent) were cited almost equally as the most significant challenges in 2018, according to the sixth annual Health IT Industry Outlook Survey conducted by Stoltenberg Consulting Inc. The report reveals 40 percent of health IT leaders rated measuring improvement in patient care quality as the top business objective in 2018, followed by identifying areas of cost
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