What You Should Know:
- VisiQuate, a provider of advanced revenue cycle analytics, AI-powered workflow, and automation solutions, today announced its acquisition by Accel-KKR, a global technology-focused investment firm.
- The strategic acquisition marks a significant milestone for VisiQuate, enabling the company to leverage Accel-KKR's resources and expertise to further its growth and innovation in the healthcare revenue cycle management (RCM) space.
Addressing Healthcare's
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Health IT | News, Analysis, Insights - HIT Consultant
Epic Declines to Appeal Carequality Resolution in Dispute with Particle Health
What You Should Know:
- In an ongoing dispute over patient data privacy, Epic Systems has announced it will not appeal the Carequality Steering Committee's resolution, urging Particle Health to do the same and allow for the immediate release of the full resolution document.
Background of the Dispute
The dispute arose earlier this year when Epic, acting on behalf of its customer governing council, filed a complaint with Carequality against Particle Health. Epic alleged that certain
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StrataPT Secures $25M to Expand Billing-Aware Platform for PT Practices
What You Should Know:
- StrataPT, the only billing-aware practice management platform for outpatient therapy clinics, is announcing it has secured $25M in financing led by Council Capital.
- The funding comes as StrataPT experiences explosive growth led by demand for its SaaS-based platform that combines Electronic Medical Records (EMR), Revenue Cycle Management (RCM), billing, and collections into a single solution that helps practitioners improve cash flow and focus on patient
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Nym Raises $47M to Expand Autonomous Medical Coding Engine
What You Should Know:
- Nym, a leader in autonomous medical coding, today announced a $47 million growth investment led by PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies.
- The new funding includes participation from existing investors Google Ventures, Addition, and Dynamic Loop Capital.Additional terms of the transaction were not disclosed.
Nym: Revolutionizing Healthcare with Autonomous Medical Coding
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FOMO Drives AI Investment in Healthcare, Despite Trust Concerns
What You Should Know:
- A new study by intelligent automation company ABBYY reveals that fear of missing out (FOMO) is a major factor driving AI investment in healthcare.
- The study reveals that 57% of global healthcare providers expressed concern that their organizations will fall behind if they don't embrace AI.
Efficiency and Patient Service as Key Drivers
While FOMO plays a role, over half (52%) of healthcare leaders also cite increased efficiency and improved
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How to Continuously Shield The Healthcare Ecosystem from Ongoing Cyberattacks
In today’s growing cyber-attack landscape, hospital systems have quickly become the prime target of cyber threats as they collect sensitive patient data, including social security numbers, insurance information, and health records—making such an attack particularly appealing to bad actors.
The impact of these attacks on healthcare organizations has resulted in disrupted operations, delayed patient care, compromised patient confidentiality, and significant financial losses. The impact of
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On-Demand Cancer Care: Reimagine Care & Moffitt’s Patient-Centric Collaboration
What You Should Know:
- Reimagine Care, the nation’s leading provider of on-demand cancer care, and Moffitt Cancer Center, the only National Cancer Institute-designated Comprehensive Cancer Center based in Florida and host of the CancerX initiative, announce today a strategic partnership to transform cancer care delivery.
- The collaboration addresses the increasing need for flexibility in care, allowing patients to receive their treatments without the limitations of traditional
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The Importance of Patient/Provider Matching in Combating the Youth Mental Health Crisis
With rising rates of loneliness, isolation and an alarming increase in suicide, the mental health crisis faced by youth in the United States requires urgent attention and innovative solutions. This has become a priority across many parts of healthcare, as recent research from the U.S. Surgeon General focuses on both the short- and long-term effects of these challenges and further highlights the need for effective mental health care for children and teens. One key factor in addressing this crisis
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Avo Launches EHR-Integrated AI Consult Tool
What You Should Know:
- Avo, a provider of healthcare AI solutions, announces the launch of Ask Avo, a first-of-its-kind, customizable AI consult tool that seamlessly integrates into Electronic Health Records (EHR) systems.
- Ask Avo harnesses patient data, institutional protocols, and updated medical guidelines to deliver trustworthy and relevant responses to complex clinical questions.
Empowering Clinicians with Actionable AI
Ask Avo functions as a "digital front door"
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Claim Denials Surge as Healthcare Providers Struggle with Tech Adoption
What You Should Know:
- A new Experian Health study reveals a concerning trend in the healthcare industry: claim denials are on the rise, and healthcare providers are increasingly hesitant to embrace technology solutions that could alleviate this burden.
- The Experian Health 2024 State of Claims survey paints a stark picture of the challenges providers face in managing their revenue cycles.
The Growing Claim Denial Crisis
Compared to a similar study conducted in 2022,
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