What You Should Know:
- A new report from Strata Decision Technology reveals mixed signals for the financial health of US hospitals. While operating margins have improved significantly year-over-year, rising drug and supply costs threaten to undermine this progress.
- The US hospital sector shows signs of financial recovery, with improved margins and revenue growth. However, rising drug and supply costs pose a significant threat to continued progress. As healthcare leaders navigate
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Health IT | News, Analysis, Insights - HIT Consultant
Inovalon and MEDITECH Alliance Partner to Streamline Revenue Cycle Management
What You Should Know:
- Inovalon, an innovator in cloud-based healthcare data solutions, announced a strategic partnership with the MEDITECH Alliance.
- The strategic collaboration empowers thousands of healthcare providers using MEDITECH's electronic health record (EHR) systems to leverage Inovalon's end-to-end revenue cycle management (RCM) solutions.
Optimizing Reimbursement and Reducing Errors
The partnership tackles a significant challenge in healthcare: inefficient
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Adventist Health Selects The Garage’s Bridge Platform to Advance Value-Based Care Initiatives
What You Should Know:
- The Garage, a leading population health management technology company, announced a strategic partnership with Adventist Health, a prominent non-profit integrated health system. Adventist Health will leverage The Garage's Bridge platform to further its value-based care initiatives across its diverse patient population.
- The Garage, headquartered in Orlando, Florida, is a population health management leader dedicated to improving healthcare delivery. By
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Unleashing the Dynamic Force of AI and Automation to Revolutionize Revenue Cycle Management
Every year, hospitals across the United States, regardless of their size or type, face significant financial losses amounting to hundreds of billions of dollars due to uncompensated care. This staggering figure does not even consider the additional losses incurred by hospitals as a result of underpayments from government-funded healthcare programs such as Medicare and Medicaid.
As healthcare organizations grapple with rising costs, eroding financial margins, ongoing labor shortages, and
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Mayo Clinic Receives $20M Gift to Propel AI and Cancer Research
What You Should Know:
- Mayo Clinic has announced a generous $20M gift from Dwight and Dian Diercks that will significantly advance key elements of Mayo Clinic's vision, including the Mayo Clinic Platform and the application of artificial intelligence (AI) for early cancer detection and intervention.
- In recognition of this support, Mayo Clinic will establish the Dwight and Dian Diercks President, Mayo Clinic Platform, and create the Heidi Diercks Krause Fund in AI Innovation
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Arcadia Acquires CareJourney to Enable High-Performing Networks
What You Should Know:
- Arcadia has acquired CareJourney®, a leading provider of clinically relevant healthcare data and AI-powered insights.
- The deal strengthens Arcadia's position as a trusted partner for leading healthcare brands like Southwestern Health Resources, Tandigm, Castell, Rush Health, and Beth Israel Lahey Health.
- With the acquisition, Arcadia's customer portfolio grows to nearly 200, encompassing providers, payers, government agencies, and life
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Xealth Launches Digital Health Benchmarking Tool, Dewey
What You Should Know:
- Xealth, a leading force in scaling digital health solutions, has unveiled Dewey, a performance-based, digital health benchmarking tool.
- Incorporating more than 20 million assets and programs distributed from more than 400 hospitals to more than five million patients over seven years, Dewey calculates engagement benchmarks from nearly 1000 digital health programs.
- Additionally, the platform will incorporate AI-powered features that personalize
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Philips Expands Cloud-Based Imaging with IntelliSpace Radiology on AWS
What You Should Know:
- Philips, a leader in health technology, announced today a significant advancement for its IntelliSpace Radiology platform. Existing customers in North America will now have the option to transition to a cloud-based version hosted on Amazon Web Services (AWS).
- This strategic expansion positions Philips at the forefront of cloud-based healthcare solutions, offering improved efficiency, enhanced security, and powerful AI integration.
Benefits of
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Integrating HIPAA Compliance Into Digital Communication: A Closer Look
Healthcare organizations have been increasingly adopting digital communication channels like email and text messaging. These channels offer convenience and flexibility for both healthcare providers and patients. When used judiciously, they can help improve the overall patient experience.
However, with the growing use of digital communication comes an increased risk of data breaches. The healthcare sector has been a prime target for cyberattacks and data breaches over the last several years,
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Digital Transformation in Healthcare: Why EAM is the Missing Piece
The sector that is perhaps the most critical candidate for digital transformation is the healthcare sector - the US healthcare system wastes approximately $1 trillion a year and most of it is due to administrative complexity leading to a wastage in medical supplies and equipment. The sector is slowly jumping on the bandwagon of digital transformation in an attempt to improve healthcare provision and increase the efficacy of processes.
In the midst of the ongoing digital transformation
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