It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023.
The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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Digital Health | News, Analysis, Insights - HIT Consultant
Ro Unveils Vertically Integrated Platform for Seamless Patient Care
What You Should Know:
- Ro, the leading direct-to-patient healthcare company, unveils ro.OS, a technology platform designed to transform the healthcare experience.
- This comprehensive system, in development for over six years, vertically integrates telehealth, lab services, and pharmacy operations, creating a seamless and high-quality care journey for millions of patients.
ro.OS: Empowering Patients and Providers
ro.OS goes beyond simply connecting healthcare services. It
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NCPA Renews Recommendation of Prescryptive AI Pricing: Empowering Pharmacies with AI-Driven Cash Pricing
What You Should Know:
- Prescryptive Health, a leading healthcare technology company, today announced the National Community Pharmacists Association's (NCPA) renewed endorsement of Prescryptive AI Pricing.
- Prescryptive AI Pricing creates a dynamic and competitive cash pricing system, enabling independent pharmacies to thrive in the ever-evolving healthcare landscape. This AI-powered solution empowers independent pharmacies to optimize cash pricing and enhance their competitive
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Quest Diagnostics to Acquire PathAI Diagnostics to Accelerate AI and Digital Pathology Adoption in Cancer Diagnosis
What You Should Know:
- Quest Diagnostics today announced it will acquire key assets of PathAI Diagnostics, including its state-of-the-art digital pathology laboratory in Memphis, Tennessee.
- As part of the acquisition, this facility will become Quest's AI and digital R&D center, supporting its pathology businesses, AmeriPath, and Dermpath Diagnostics.
Digital Pathology and AI Integration
Quest will license PathAI's AISight™ digital pathology system and AI
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Trovo Health Launches with $15M for AI-Powered Intelligent Assistants
What You Should Know:
- Trovo Health, a groundbreaking healthcare technology company, announced today its official launch and a $15 million Series A funding round led by Oak HC/FT.
- Trovo's mission is to revolutionize patient care by equipping providers with an AI-powered platform backed by a multidisciplinary care team.
Empowering Providers to Deliver Exceptional Care
Trovo's innovative platform addresses a critical need in healthcare: empowering physicians and other
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AI Model Predicts Heart Disease and Heart Failure, Identifies $1.4B in Potential Savings
What You Should Know:
- Cedar Gate Technologies (Cedar Gate), a leader in value-based care technology, announced today the potential for significant healthcare cost savings through early identification of at-risk patients.
- An analysis of their national Healthcare Benchmark Database, encompassing nearly 13 million member lives, revealed a staggering $1.4 billion in potential savings.
Machine Learning for Early Disease Detection
Cedar Gate's platform leverages machine learning
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G1 Therapeutics and Pepper Bio Ink Global License Agreement for Lerociclib
What You Should Know:
- G1 Therapeutics, Inc. (Nasdaq: GTHX), a commercial-stage oncology company, and Pepper Bio, the world’s first transomics drug discovery and development company, announced a global licensing agreement (excluding the Asia-Pacific region) for lerociclib for all indications outside acute radiation syndrome (ARS).
- As Pepper Bio’s first in-licensed therapeutic, lerociclib is a potent and selective
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AR/VR in Healthcare: Why Collaboration is its Most Important Use
Throughout history, new and emerging technologies have helped revolutionize and advance the field of medicine, allowing medical professionals to develop groundbreaking new procedures, work towards cures to previously incurable diseases, and much more. Healthcare practitioners are always looking for ways to use emerging technologies to transform their work, and today one of the top technologies available to revolutionize the healthcare space is Augmented Reality (AR) and Virtual Reality
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Walmart Shutters All 51 Health Centers, Telehealth Offering Citing “Escalating Operating Costs”
What You Should Know:
- Walmart announced today the difficult decision to close all 51 Walmart Health centers and discontinue its virtual care offering. This comes after five years of operation for the health centers.
- The company cited a "challenging reimbursement environment and escalating operating costs" as reasons for the closure. This highlights the difficulty of establishing a profitable healthcare business model, especially in the current environment.
Priority Shift on
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Nicklaus Children’s Health System and Philips Ink 10-Year Partnership
What You Should Know:
- Philips and Nicklaus Children's Health System, a leader in pediatric care, announced a groundbreaking 10-year collaboration focused on enhancing patient and staff experiences, improving outcomes, and driving innovation in pediatric care.
- As part of the partnership, Nicklaus Children's will be the first to adopt the virtually helium-free Philips Ambition X MR scanner. This innovative technology eliminates the need for ongoing helium refills, a significant
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