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Health IT | News, Analysis, Insights - HIT Consultant

Advanced Heart Group Chooses NextGen Healthcare to Enhance Patient Experience and Streamline Operations

by Jasmine Pennic 07/22/2024 Leave a Comment

M&A: PE Firm Acquires NextGen Healthcare EHR for $1.8B

What You Should Know:  - Advanced Heart Group (AHG), a leading cardiology practice serving Chicago's southern suburbs for over 23 years, has selected NextGen Healthcare as its new technology partner.  - The strategic partnership signifies NextGen's dedication to supporting cardiology practices nationwide. It comes at a critical time, as heart disease continues to be a major health concern in the United States. Addressing the Rise of Cardiovascular Disease Nearly 50% of
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Preventing and Mitigating Gun-Related Violence in Hospitals: The Intersection of Proactive and Reactive Security Technologies

by Dustin Brooks, CCO and co-founder of ZeroEyes 07/22/2024 Leave a Comment

Preventing and Mitigating Gun-Related Violence in Hospitals: The Intersection of Proactive and Reactive Security Technologies

Gun-related violence continues to pose a significant threat to society, with the Gun Violence Archive reporting over 650 mass shootings in 2023. Disturbingly, even institutions dedicated to healing and safeguarding individuals, like hospitals, are not immune to these threats; in fact, they’re uniquely susceptible. Since 2018, more than 100 gun-related incidents have been reported within hospital premises.  These statistics highlight the urgent need for hospitals and healthcare
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Commure to Acquire Augmedix in $139M All-Cash Deal

by Fred Pennic 07/19/2024 Leave a Comment

Augmedix Expands AI Medical Documentation to Behavioral Health Market

What You Should Know:  - Augmedix (AUGX), a leader in AI-powered medical documentation and data solutions, is being acquired by healthcare technology provider Commure in an all-cash deal valued at approximately $139M. News of the acquisition brought Augmedix up by 150% at $2.27 at 10 am ET after closing at $0.92 on Thursday.  - Augmedix leverages AI technology to streamline medical documentation and data management for healthcare providers. Their platform uses ambient AI to
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GE HealthCare Acquires Intelligent Ultrasound for $51M

by Fred Pennic 07/19/2024 Leave a Comment

GE HealthCare Acquires Intelligent Ultrasound for $51M

What You Should Know:  GE HealthCare (Nasdaq: GEHC) announced an agreement to acquire the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC (Intelligent Ultrasound) for approximately $51M.  - The acquisition is expected to close in the fourth quarter of 2024, subject to customary closing conditions. GE HealthCare will finance the deal with existing cash reserves. The strategic acquisition signifies GE HealthCare's dedication to advancing
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West Tennessee Healthcare Invests in AI to Improve OR Efficiency, Utilization, & Surgical Growth

by Syed Hamza Sohail 07/19/2024 Leave a Comment

West Tennessee Healthcare Invests in AI to Improve OR Efficiency, Utilization, & Surgical Growth

What You Should Know: - West Tennessee Healthcare, a not-for-profit healthcare system with 7 hospitals and multiple supporting clinics, treating more than 185,000 patients, today announced a partnership with Qventus, the leading provider of AI-based software that automates health system operations and patient flows. - Qventus’ Perioperative Solution empowers surgical teams at West Tennessee Healthcare to optimize scheduling and increase patient access by providing real-time visibility into
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AI-Powered Deepfakes Fuel Surge in Social Media Supplement Scams

by Fred Pennic 07/19/2024 Leave a Comment

Deepfakes Fuel Surge in Social Media Supplement Scams

What You Should Know:  - Social media has become a breeding ground for deceptive health supplement ads, with AI-powered deepfakes taking these scams to a whole new level of danger. A recent study by Bitdefender Labs reveals a dramatic increase in phony social media ads promoting fictitious supplements and treatments.   -Researchers at Bitdefender Labs analyzed health-related scams on social media platforms like Facebook, Messenger, and Instagram over a three-month period,
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How EHRs Should Help not Hurt Health System Finances

by Sandra Johnson, SVP of Client Services at CliniComp 07/18/2024 Leave a Comment

How EHRs Should Help not Hurt Health System Finances

Hospitals and health systems continue to face persistent challenges from rising costs and labor shortages across clinical, administrative and revenue cycle teams. Recent news from Humana highlights that rising costs, “may persist for an extended period or, in some cases, permanently reset the baseline.” In addition, half of hospitals and health systems surveyed reported $100 million in Accounts Receivable (AR) for claims older than 6 months, amounting to $6.4 billion in delayed or unpaid claims,
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Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents

by Fred Pennic 07/18/2024 Leave a Comment

Thoughtful AI Secures $20M, Launches Human-Capable RCM AI Agents

What You Should Know:  - Thoughtful AI, a provider of AI-powered revenue cycle automation (RCM), has announced a series of exciting developments, including the launch of the world's first fully human-capable AI Agents for healthcare RCM, exceptional growth metrics, and $20 million in Series A funding. - Thoughtful AI's groundbreaking AI Agents, CAM, EVA, and PHIL, are tackling the burden of repetitive RCM tasks like claims processing, patient eligibility verification, and payment
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Astrana Health and Elation Health Partner to Build Value-Based ACOs, CINs

by Fred Pennic 07/18/2024 Leave a Comment

Astrana Health and Elation Health Form Nationwide Partnership to Expand Sustainable Support Infrastructure for Primary Care Physicians

What You Should Know:  - Astrana Health (NASDAQ: ASTH), a provider-centric healthcare company, today announced a strategic partnership with Elation Health, a clinical-first technology company specializing in primary care.  - The partnership focuses on supporting independent physicians by providing them with the tools necessary to thrive in value-based care arrangements. Astrana and Elation plan to establish risk-bearing entities, such as accountable care organizations (ACOs) and
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Inaccurate Provider Directories: A Major Headache for Patients and Policymakers, HiLabs’ AI Study Reveals

by Fred Pennic 07/18/2024 Leave a Comment

Inaccurate Provider Directories: A Major Headache for Patients and Policymakers, HiLabs' AI Study Reveals

What You Should Know:  - Incorrect data in health plan physician directories is a pervasive problem, according to new research conducted by researchers at University of Colorado and HiLabs.  - The study, published in BMC Health Services Research, leverages HiLabs AI algorithms to compare data for >40% of US physicians across five large health plan directories. Key Findings: Limited variation in data quality between insurers suggests the issue goes beyond individual
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