Despite steady increases in the industry adoption of HIPAA electronic administrative transactions, the U.S. healthcare system could potentially save more than $8 billion annually by reducing manual business transactions, according to the 2015 CAQH Index® released today. The report reveals increasing adoption of fully electronic claims-related processes, but opportunity for significant improvement remains. The CAQH Index relies on broad participation and data contributions from healthcare
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AARP Unveils 10 Finalists for Health Innovation@50+ LivePitch
On Wednesday, AARP unveiled the ten finalists companies for its fifth Health Innovation@50+ LivePitch event which will be held Wednesday, April 27, at Plug and Play Tech Center in Sunnyvale, CA. Ten health tech startups focused on caregiving were selected from over 200 applicants to pitch their businesses at this unique one day dual-pitch event. AARP’s Health Innovation@50+ LivePitch is a one day pitch competition for emerging startups in the healthy living space with a focus on caregiving.The
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CVS Health Foundation Awards $1.5M in Community Health Grants
On Monday, CVS Health Foundation released new data from programs supported through partnerships with the National Association of Free & Charitable Clinics (NAFC) and the National Association of Community Health Centers (NACHC). The Foundation also announced $1.5 million in new grants in support of chronic disease management and prevention, such as diabetes, heart disease, hypertension and asthma, improved care coordination and increased access to care to the following NACHC and NAFC
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Boston Children’s Hospital Launches ResearchKit App Feverprints
The Innovation & Digital Health Accelerator (IDHA) and Autoinflammatory Diseases Clinic at Boston Children's Hospital is launching release Feverprints, a ResearchKit enabled app for iPhone that will enlist the public's help to answer a surprisingly simple but fundamental question in medicine: What, exactly, is a fever? The Feverprints app crowdsources personal information about body temperature, lifestyle and health. Available now to adults in the United States, as well as U.S. children with
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HealthTap’s Digital Healthcare Network Reaches 100k Doctors
HealthTap, a Global Health Practice providing 24/7 immediate access to doctors from query to cure, today announced that its network of U.S. licensed doctors has grown to more than 100,000. These doctors have joined HealthTap in its virtual care revolution, enabling people everywhere to access quality care from any mobile device or personal computer, and for doctors to deliver care anytime from anywhere. Virtual Care MovementThe virtual care movement is a revolution in how care is delivered and
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Report: Virtual Healthcare Market to Reach $3.5B by 2022
The virtual healthcare market is expected to reach revenues over $3.5 billion by 2022 with a CAGR of 49.8 percent during the forecast period, according to a recent report by Verify Markets. The report represent revenues generated by companies operating in the U.S. virtual healthcare market by mode of consultation (online visits to physicians through various modes of communication such as audio, video and kiosks). Core Virtual Healthcare Market SegmentsGrowth in the virtual healthcare market is
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NTT Data to Acquire Dell’s Perot Systems Unit for $3B
NTT Data Corp., a global provider of technology-enabled services and solutions has agreed to buy Dell’s Perot Systems Unit for $3.05 billion in an effort to expand its market presence in healthcare IT, insurance and financial services consulting. Formerly known as Perot Systems, Dell's IT services division is a major provider of technology consulting to hospitals and government departments. Founded in 1988 by former U.S. presidential candidate Ross Perot, it was acquired by Dell in 2009 for $3.9
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Report: Precision Medicine Market to Reach $88B by 2022
The global precision market is expected to reach to $88 billion by 2022 at an estimated CAGR of 12.60% from 2015 to 2022 with North America and Europe emerging as leaders, according to Global Precision Medicine Market -- Estimation & Forecast (2015-2022) report. This is led by President Obama's recent announcement to request $1B for fund the Cancer 'Moonshot' initiative for researchers to accelerate the development of new cancer detection and treatments. Presently, the main focus of the
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Dr. Soon-Shiong of NantWorks Talks Cancer Moonshots in Healthcare
In a recent StartUp Health Now podcast, Dr. Patrick Soon-Shiong, surgeon, medical researcher, businessman, philanthropist and professor, sits down with StartUp Health CMO, Dr. Howard Krein, to discuss his ambitious undertakings in reforming cancer treatments through immunotherapy, whole genome sequencing and the new cancer initiative, “Cancer Moonshot 2020.”
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NIH, ONC Launch Sync for Science Pilot: 5 Things to Know
This week, the National Institutes of Health (NIH) in collaboration with the Office of the National Coordinator for Health IT announced the launch of the Precision Medicine Initiative's (PMI) Sync 4 Science (S4S), a pilot program that will allow individuals to access their health data and send it to researchers. The pilot program will build off existing community standards and specification efforts (e.g., FHIR, SMART Health IT, Argonaut, CMS EHR Incentive Program) to support a key use case:
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