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Digital Health | News, Analysis, Insights - HIT Consultant

Hospital Staffing Shortages Lead to Frustrated Patients, J.D. Power Report Finds

by Fred Pennic 03/29/2024 Leave a Comment

Hospital Staffing Shortages Lead to Frustrated Patients, J.D. Power Report Finds

What You Should Know: - A new report by J.D. Power reveals concerning trends in US hospitals, highlighting patient dissatisfaction with limited doctor access, lengthy wait times, and communication issues.  - The J.D. Power report underscores the need for hospitals to address staffing shortages and prioritize patient satisfaction. By focusing on communication, patient engagement, and a more comfortable hospital environment, healthcare facilities can improve patient experiences and
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Pelago Secures $58M to Expand Substance Use Management as an Employee Benefit

by Syed Hamza Sohail 03/29/2024 Leave a Comment

Pelago Secures $58M to Expand Substance Use Management as an Employee Benefit

What You Should Know: Pelago the leading digital clinic partner to U.S. businesses and health plans for substance use management, today announced $58 million in new funding on the strength of customer growth and validated ROIExisting investor Atomico doubled down to lead this Series C investment on the back of Pelago's impressive growth, with participation from all existing investors Kinnevik AB, Octopus Ventures, and Y Combinator plus new
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The Rise of Digital Rehab: Tech Solutions for Senior Recovery

by Joel Landau, founder and chairman of The Allure Group 03/29/2024 Leave a Comment

4 Areas Where Big Data is Transforming Healthcare Right Now

Future-forward technologies have traditionally been associated with sci-fi narratives and cutting-edge software companies, often overlooking their potential to transform a wide array of industries beyond entertainment and tech. The senior care sector, particularly in the realm of short-term rehabilitation, is witnessing a transformative wave thanks to these cutting-edge applications. Imagine a scenario where your loved one benefits from rehabilitation not only through traditional methods but
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Report: Generative AI and Integration Key to Bridging Payer-Provider Gap

by Fred Pennic 03/28/2024 Leave a Comment

Report: Generative AI and Integration Key to Bridging Payer-Provider Gap, Boosting Healthcare

What You Should Know: - A new report by HFS Research, in collaboration with Cognizant, sheds light on critical trends shaping the future of healthcare in the United States. The report, titled "Re-energize Health Consumer Engagement and Bridge the Payer-Provider Divide with GenAI," explores the potential of Generative Artificial Intelligence (GenAI) and vertical integration to improve healthcare delivery. - The report also emphasizes that the healthcare system must embrace new approaches
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The ‘Holy Grail’ of Coding Automation: Why Inpatient AI is Around The Corner

by Andrew Lockhart, CEO, Fathom 03/28/2024 Leave a Comment

The 'Holy Grail' of Coding Automation: Why Inpatient AI is Around The Corner

Autonomous inpatient coding. This may sound like a pipe dream for revenue cycle leaders, whose hopes were likely raised and crushed in the early aughts. But it's coming sooner than most think. Why is true inpatient coding automation the "holy grail" – as Kerry Gillespie, a former CFO at Intermountain Health and now an executive consultant at Warbird Consulting Partners, said to me at a Healthcare Financial Management Association roundtable last year? For decades, inpatient services have
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Float Secures $10M to Bring Specialty Care Home for Chronic Conditions

by Fred Pennic 03/28/2024 Leave a Comment

Float Secures $10M to Bring Specialty Care Home for Chronic Conditions

What You Should Know: - Float, a healthcare marketplace focused on delivering in-home care for chronic illnesses, has secured $10M in Series A funding led by Canvas Ventures with participation from Wave Capital, Y Combinator, Burst Capital, and Also Capital. The round also included angel investor participation from several tech industry founders and leaders including Max Mullen, Co-founder of Instacart, Andrew Bartynski, Vice President of Strategy and Operations at ASRI, Brian Pokorny, former
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Verantos Bolsters Real-World Data Network with 7M Patient Records from CuriMeta

by Fred Pennic 03/28/2024 Leave a Comment

Verantos Bolsters Real-World Data Network with 7M Patient Records from CuriMeta

What You Should Know: - Verantos, the leader in high-quality real-world evidence (RWE) forms a strategic partnership with CuriMeta to expand Verantos' Research Network with de-identified data from 7 million patients, - The collaboration will enhance the depth and reach of real-world data (RWD) available to life science organizations. Enhancing RWD Quality and Accessibility The Verantos Research Network is a unique platform that gathers data from various sources, including academic
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CentralReach Appoints David Stevens as First-Ever Head of Generative AI

by Executive Hires 03/28/2024 Leave a Comment

CentralReach Appoints David Stevens to Lead Generative AI (GenAI) Efforts

What You Should Know: - CentralReach, the leading provider of software for ABA and multi-disciplinary providers treating Autism and IDD,  announced the appointment of David Stevens as its first-ever Head of GenerativeAI (GenAI). - In this newly created role, Stevens will lead a team dedicated to designing, developing, and piloting GenAI features for CentralReach's software suite, cari. The company currently boasts over 20 GenAI solutions in various stages of development, with a focus
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Illinois Teens Gain Free Access to Mental Health Support Through Kooth Digital Health

by Jasmine Pennic 03/28/2024 Leave a Comment

Illinois Teens Gain Free Access to Mental Health Support Through Kooth Digital Health

What You Should Know: - Kooth Digital Health, a platform for youth mental health and well-being, has partnered with Aetna Better Health® of Illinois to provide free mental health resources to thousands of teens and young people in the state. This one-year collaboration aims to address the critical need for accessible mental health care for Illinois youth. - The partnership builds on Kooth's successful track record. Over 17 million people worldwide currently have access to Kooth's platform,
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InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare

by Jasmine Pennic 03/27/2024 Leave a Comment

InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare

What You Should Know: - InStride Health, a leader in outpatient treatment for childhood anxiety and OCD closes oversubscribed $30M Series B funding round led by General Catalyst with participation from existing investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation. - The latest investment brings InStride Health's total funding to $56M and will help fuel the company's mission of providing high-quality, accessible mental healthcare to young
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