In a letter to Congress and the Administration, leading healthcare organizations today called for a renewed effort to move to value-based care, patient-centered payment models that reward improved quality and cost-effective care. Central to this effort is addressing the perverse incentives in the fee-for-service system, and antiquated laws and regulations that impede innovation and care coordination.The bipartisan journey toward value-based care began more than 15 years ago with pay for
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New York Digital Health Accelerator Showcases 6 Digital Health Startups at Demo Day
On Tuesday, the New York Digital Health Accelerator (NYDHA) – a five month program showcased six early and growth-stage digital health startups for healthcare providers and patients in the areas of care coordination, patient engagement, and workflow improvement. Each startup received $100k in up-front funding per company from a syndicate of leading venture capital and strategic investors.The Demo Day event marks the culmination of the five month program run by the Partnership Fund for New York
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Avizia Expands Virtual Care Platform to Clinical Staff Across 30 Specialties for Providers
Avizia, an end-to-end telehealth solution provider is expanding their existing enterprise virtual care platform to include clinical staff in 36 specialties with the launch of its provider network services. As part of the partnership with MLS Telehealth, a physician-run organization providing clinical staffing services in 50 states for more than a decade, Avizia will provide its customers access to industry-leading, highly credentialed, board certified physicians. This move marks the next
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GHX: Predictive Analytics Named Top 2017 Priority for Healthcare Supply Chain Leaders
Predictive analytics and the use of data for informed decision making has been named as a top priority for healthcare supply chain leaders in 2017, according to a recent Global Healthcare Exchange, LLC (GHX) survey. The results are based on a survey conducted by GHX with its Best 50 provider organizations on priorities and outcomes for the healthcare supply chain in 2017. The survey also revealed that top performing supply chain organizations will look to improve price accuracy between
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Welltok, Teletech Partner to Create “Human Touch’ Experience for Health Consumers
Health optimization platform Welltok and Teletech, a provider of customer experience, engagement and growth solutions has announced a strategic partnership that will combine analytics with multichannel communication to help population health managers guide consumers to optimal health. Welltok’s analytics recognizes when and where consumers can save money, and triggers TeleTech when the human touch is needed to alert consumers of potential savings.The partnership is already underway at a large
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WellDoc Receives FDA 510(k) Clearance for Non-Prescription Version of BlueStar® Digital Therapeutic
Digital health leader WellDoc has received FDA 510(k) class II clearance for a non-prescription version of the BlueStar® digital therapeutic diabetes management platform. This news comes on the heels of two other significant recent announcements for BlueStar®: the FDA’s clearance of the wireless integration of LifeScan’s OneTouch Verio Flex® blood glucose monitoring system with BlueStar®, and plans to incorporate the American Association of Diabetes Educators’ (AADE) curriculum in the BlueStar®
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Clinical Research IO Lands $1.6M for Clinical Trials Platform
Clinical Research IO (CRIO), a Cambridge-based digital health startup has raised $1.6 million in seed funding to further develop its e-source system for clinical research sites led by NXT Ventures and Rally Ventures. The latest round follows the company's first seed round of $800k. The round also included investments from its officers, a group of angel investors, and a number of industry investors, including several early customers. Sankesh Abbhi, a clinical research entrepreneur, is among the
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Mercy Named 2016 HIMSS Enterprise Davies Award for Improving Patient Care Through Health IT
Mercy, the fifth largest Catholic health care system in the nation, was named a 2016 HIMSS Enterprise Davies Award recipient for achieving improvements in patient care through the use of health information technology. Mercy received the award from HIMSS based on four case studies that detailed how the use of health information technology and standardized clinical processes have improved patient care and the bottom line. The case studies included:- Decreasing by nearly three hours the time it
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Able Health Launches End-to-End MIPS platform for Reporting, Performance Improvement
Able Health is a health IT company dedicated to making value-based care work for providers has launched an end-to-end MIPS solution enabling providers to improve performance and submit data to CMS with less time, money, and stress. The new platform can ingest patient data from electronic health records and data warehouses, calculate any MIPS registry quality measure or eCQM, and provide a dashboard for administrators to track and improve a group or provider's MIPS Composite Performance Score.
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Health IT VC Funding Tops $5.6B in 2016: 10 Things to Know
Health IT VC funding set a new milestone in 2016 as it eclipsed $5 billion in 622 deals, compared to $4.6 billion raised in 2015 in 574 deals, according to that latest report from Mercom Capital Group. The report finds that total corporate funding in health IT companies - including debt and public market financing (plus IPOs) from a total of 1,115 investors (including accelerators/incubators) - came to $5.6 billion in 2016, a drop of 30 percent compared to $8 billion in 2015.Since 2010, the
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