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Health IT | News, Analysis, Insights - HIT Consultant

Healthcare Workers Bear the Brunt of Burnout: Balancing Caregiving, Demands, and Personal Lives

by Fred Pennic 02/16/2024 Leave a Comment

Healthcare Workers Bear the Brunt of Burnout: Balancing Caregiving, Demands, and Personal Lives

What You Should Know: - As we celebrate National Caregivers Day, a new report by ShiftKey paints a concerning picture of burnout among healthcare workers. - While these professionals are passionate about their calling, the ShiftKey report reveals 81% report experiencing burnout, with nearly half considering leaving the field altogether. This crisis is compounded by personal caregiving responsibilities, with 81% shouldering additional burdens outside of work. Personal sacrifices due to
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Anatomy Launches AI-Powered Financial Automation for Healthcare Orgs

by Syed Hamza Sohail 02/16/2024 Leave a Comment

Anatomy Launches AI-Powered Financial Automation for Healthcare Orgs

What You Should Know: Anatomy Financial announces the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies.Anatomy has raised $7.6M in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech. Streamlining Healthcare Finance: Anatomy's Automated
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Online Pharmacies Boom, But Usability Issues Cloud the Future

by Fred Pennic 02/16/2024 Leave a Comment

Online Pharmacies Boom, But Usability Issues Cloud the Future

What You Should Know: - The convenience of online pharmacies is undeniable, with a growing number of patients turning to them for prescription refills; however, a recent study by Software Advice reveals frustrations with app usability. - While online pharmacies offer convenience, usability challenges threaten to hinder their long-term success. Addressing user concerns through improved app design and functionality is critical for ensuring patient satisfaction, medication adherence, and a
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Helmsley Trust Awards $12M to Research Exercise Management for Type 1 Diabetes

by Jasmine Pennic 02/16/2024 Leave a Comment

Helmsley Trust Awards $12M to Research Exercise Management for Type 1 Diabetes

What You Should Know: - The Leona M. and Harry B. Helmsley Charitable Trust announced a major initiative to improve the lives of people with type 1 diabetes (T1D) by awarding $12 million in grants to support research on safely incorporating exercise into their lives. - The Helmsley Charitable Trust is the world's largest private foundation dedicated to funding T1D research. With this latest initiative, the Trust has committed over $1 billion to support research efforts aimed at
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Nicklaus Children’s Leverages Kyruus Connect for Patient Self-Scheduling, Improved Access & Efficiency

by Syed Hamza Sohail 02/16/2024 Leave a Comment

Nicklaus Children's Leverages Kyruus Connect for Patient Self-Scheduling, Improved Access & Efficiency

What You Should Know: Kyruus Health, the leading care access platform, and Nicklaus Children's Health System, a nationally recognized pediatric care provider, proudly announce a collaboration to revolutionize accessibility and convenience for children and families in South Florida.Launched in November 2023, Kyruus Health's solutions enable Nicklaus Children's families who prefer to self-schedule to access the right care quickly and easily through a platform that supports them in either
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CitiusTech Launches Generative AI Quality & Trust Solution

by Jasmine Pennic 02/16/2024 Leave a Comment

Bain Capital PE Makes Strategic Investment in CitiusTech

What You Should Know: - CitiusTech, a healthcare technology provider, has unveiled a groundbreaking solution to address the reliability, quality, and trust concerns surrounding Generative AI (Gen AI) in healthcare. - This industry-first offering aims to empower healthcare organizations to confidently adopt and scale Gen AI applications, unlocking their transformative potential. Gen AI Quality & Trust Solution Over 80% of Gen AI projects face delays due to lack of trust in their
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FHIR Adoption on the Rise: ONC Survey Shows Digital Health Companies Embrace Standards-Based APIs

by Fred Pennic 02/15/2024 Leave a Comment

FHIR Adoption on the Rise: ONC Survey Shows Digital Health Companies Embrace Standards-Based APIs

What You Should Know: - A new survey reveals that the healthcare industry is making significant strides towards interoperability, thanks to the adoption of standards-based application programming interfaces (APIs). - The research, conducted by the Office of the National Coordinator for Health Information Technology (ONC), reveals that a majority of digital health companies are using the FHIR standard to integrate with electronic health records (EHRs). The Rise of FHIR The Cures Act
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Health Systems Grapple with AI Governance: Balancing Promise and Risk

by Fred Pennic 02/15/2024 Leave a Comment

Health Systems Grapple with AI Governance: Balancing Promise and Risk

What You Should Know: - Despite the increasing adoption of artificial intelligence (AI) in healthcare, a new survey reveals that very few health systems have formal policies in place to govern its use, particularly for generative AI. In addition, 70% of executives plan to adopt AI solutions through EHR vendors for easier integration. - The Center for Connected Medicine's full report, "How Health Systems are Navigating the Complexities of AI," offers a deeper dive into the survey findings
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RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

by Fred Pennic 02/15/2024 Leave a Comment

RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI

What You Should Know: - RapidClaims, a healthcare technology startup focused on automating medical coding and reducing claim denials, has officially exited stealth mode after securing a $3.1M seed funding round. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit
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Insilico’s Potential Best-in-Class AI Drug for Sought-After Cancer Target

by Syed Hamza Sohail 02/15/2024 Leave a Comment

Insilico's Potential Best-in-Class AI Drug for Sought-After Cancer Target

What You Should Know: InSilico Medicine, a clinical-stage company utilizing generative artificial intelligence (AI) for drug discovery, reveals the development of an orally bioavailable preclinical candidate compound. This compound targets KIF18A and aims to treat advanced solid tumors characterized by TP53 mutation.The development is particularly significant for high-grade serous ovarian cancer (HGSOC), triple-negative breast cancer (TNBC), and non-small cell lung cancer
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