On Thursday, wearable fitness tracking company Fitbit Inc. announced it has filed for an initial public offering (IPO), according to SEC filing. The company is looking to raise $100 million and will trade on the New York Stock Exchange (NYSE) under the ticker symbol FIT. In March, the fitness tracking company valued itself at roughly $1.2 billion. Fitbit's platform features six wearable connected health and fitness trackers that automatically track users’ daily steps, calories burned, distance
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Sherpaa Raises $2.25M to Expand Employer Telehealth Visits
NYC-based digital healthcare company, Sherpaa, has raised $2.25 million, bringing the company’s totally funding to $8 million. Investors for this round are O'Reilly AlphaTech Ventures, Softbank and Draper and Associates.
Co-founded by Dr. Jay Parkinson MD, MPH in 2012, New York-based, Sherpaa is a health service that HR executives can provide on top of insurance plans. It allows employees to have access to physicians 24/7 through phone or asynchronous text communication as well as insurance
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IBM Watson Health, Epic, Mayo Clinic to Apply Cognitive Insights to EHRs
IBM Watson Health is collaborating with Epic and Mayo Clinic to advance patient health by applying the cognitive computing capabilities of Watson to EHRs. As Watson's capabilities are applied to EHRs, patients and providers benefit from more rapid and thorough analysis of the medical factors that could impact an individual's health and wellness.
Epic Integration with Watson Details
For Epic, interoperability with Watson will enable these institutions to apply the cognitive capabilities of
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Cleveland Clinic to Publish Its Algorithms to Improve Patient Outcomes
Today, Cleveland Clinic announced it will join other prominent health institutions in publishing their extensive portfolio of algorithms in the Apervita Market, empowering health enterprises everywhere to improve patient outcomes. Utilizing Apervita’s secure self-service health analytics platform, healthcare enterprises can leverage Cleveland Clinic’s robust portfolio of health analytics to improve patient care.
How It Works
Through decades of research, Cleveland Clinic has developed a robust
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Revenue Cycle: 6 Key Strategies for Medical A/R Management
Even though the overall U.S. economy is improving, let’s face it – the healthcare reimbursement system remains brutal. Many medical groups continue to struggle, looking for relief from the mounting pressures on their profitability. Declining reimbursements (60%); rising costs (50%); requirements from the Affordable Care Act (49%); and the transition to ICD-10 (43%) top the list of financial challenges that more than 5,000 physicians reported in the Practice Profitability
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Imprivata Acquires Biometric Patient ID Provider HT Systems
Boston-based health IT security company Imprivata announced today it has acquired HT Systems, the market leading provider of palm-vein based biometric patient identification systems, to enter into the emerging patient identification market, which Imprivata estimates to be approximately $2.0 billion globally. The acquisition of HT Systems and its PatientSecure® biometric patient identification technology supports Imprivata’s long-term vision to be the leading provider of
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Former Hospital CFO Ordered to Pay $4.5M for Meaningful Use Fraud
Former Shelby Regional Medical Center CFO, Joe White has been ordered to pay more than $4.5 million in restitution for his role in a meaningful use fraud scheme, KXXV first reports. White pleaded guilty for directed its EHR vendor, eCareSoft and hospital employees to manually enter data from paper records into the EHR system after the patient was discharged to meet the MU thresholds criteria. Additionally, White also made false statements regarding other hospitals had successfully converting to
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Connected Health Researcher Wins Google Wearables Healthcare Challenge
Professor Brian Caulfield, a connected health researcher from University College Dublin (UCD), has won the 2015 Google Wearables in Healthcare Pilot Challenge for his successful orthopedic rehab surgery platform project using mobile phones, Silicon Republic reports. The challenge held last week at Google’s headquarters in Cambridge, Massachusetts was organized by Medistro in partnership with MedTech Boston and Google.
Prof. Caulfield’s wearable orthopedic rehab support platform provides
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NextGen Launches Data-Driven Population Health Solution
NextGen Healthcare, a wholly owned subsidiary of Quality Systems, Inc. and a leading provider of healthcare information systems, services, and connectivity solutions, today has announced the launch of NextGen® Care, a new population health and care management solution designed to streamline the care team’s workflow, more effectively manage patient populations, drive better outcomes and decrease cost of care delivery mandated by evolving value-based payment models. The solution provides risk
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12 Things You Need to Know About Value-Based Reimbursement
Public and private payers, including Medicare and some of the nation’s biggest health insurers, plan to hasten the migration of the healthcare reimbursement system from pay-for-volume to pay-for-value. The acceleration in the pace of change from fee for service to risk-based reimbursement is likely to reshape the healthcare business over the next three to five years.
While all healthcare stakeholders will be affected, the pioneers of this approach to healthcare financing will be large,
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