What You Should Know:
- Mercy, a healthcare provider in Missouri, has announced its plans to terminate contracts with Anthem Blue Cross Blue Shield in the state.
- This decision comes after months of negotiations, during which Mercy sought to address concerns about rising costs and administrative burdens imposed by Anthem.
A Growing Disparity
Mercy has experienced a significant disparity between the rising costs it faces and the profits generated by managed care companies
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Former FDA/Verily’s Amy Abernethy Launches Highlander Health
What You Should Know:
- Industry veterans Amy Abernethy, M.D., Ph.D., and Brad Hirsch, M.D., have co-founded Highlander Health, a new company dedicated to improving individualized patient care.
- The company is comprised of Highlander Health Institute, a public interest platform, and Highlander Health Partners, an investment arm.
A Vision for Personalized Healthcare
Dr. Abernethy and Dr. Hirsch believe that the healthcare industry needs a more integrated approach to
Read More
The Imperative to Stay the Course on Value-Based Transformation
Is value-based care still the right strategy to reduce U.S. healthcare costs? Or is it time to move to what comes next in the generation-long battle to constrain total medical spending?
The question is being increasingly asked and with good reason. For 2024 medical costs are projected to rise 7.0% year over year for Individual and Group markets. That is greater than the medical cost trend in 2022 and 2023, which was 5.5% and 6.0%, respectively, and adds to a decade-plus of at least 5.5% per
Read More
Ubie’s AI Symptom Checker Outperforms Traditional Methods
What You Should Know:
Ubie, a global healthcare AI platform that enhances the intersection of patients, providers, and life sciences, today announced data from Ubie Symptom Checker: A Clinical Vignette Simulation Study, which was published on medRxiv.The study evaluated the performance of Ubie’s platform using an innovative large language model-assisted (LLM) simulation method. Results show that Ubie achieved a Top-5 hit (inclusion of the correct diagnosis) accuracy of 63.4% and a
Read More
Essence SmartCare, Skyresponse Partner to Expand Ageing-In-Place Products Across Europe
What You Should Know:
Essence SmartCare, part of Essence Group, a global leader in IoT remote care solutions, today announced the integration of Care@Home, an end-to-end senior care solution, with leading Swedish alarm management platform Skyresponse.Under this partnership, over two million seniors across the UK, Switzerland, Nordic countries, and the DACH region will have expanded access to Care@Home, providing a fully connected care experience from initial assessment to ongoing monitoring
Read More
Breaking the Vicious Cycle of Hospital Staffing
Matt Dane, Senior Vice President, Business Development, Hallmark Health Care Solutions
The healthcare labor market is in the middle of a fundamental shift. Healthcare workers are looking for greater flexibility and balance when it comes to their working arrangements, which poses significant challenges for nurse recruitment and retention. At the same time, traditional staffing models employed by large healthcare providers, which have heavily relied on staffing agencies to fill labor gaps, have
Read More
Guardant Health Gemelli to Establish A Dedicated In-House Liquid Biopsy Testing Service in Italy
What You Should Know:
Guardant Health, Inc. (Nasdaq: GH), a leading precision oncology company, today announced a partnership with the Agostino Gemelli University Polyclinic Foundation IRCCS (“Policlinico Gemelli”) to establish an in-house liquid biopsy testing service as a part of its diagnostics services within its hospital system. Leveraging Guardant Health’s cutting-edge proprietary digital sequencing platform, this initiative will include on-site analysis of Guardant360® CDx liquid
Read More
Panalgo Partners with COTA to Enhance AI & RWD-Enabled Cancer Care
What You Should Know:
- Panalgo, a provider of healthcare data analytics solutions, has announced a partnership with COTA, an organization focused on providing real-world data (RWD) for cancer care.
- The strategic collaboration will enable COTA to make its high-quality hematologic oncology data available through Panalgo's Instant Health Data Analytics (IHD) platform.
Leveraging COTA's Real-World Data
COTA's RWD is derived from electronic health records (EHRs) and offers
Read More
Small Language Models vs. Large Language Models: Which is Better for Healthcare?
Large language models (LLMs) use AI to reply to questions in a conversational manner. Our friend ChatGPT is an LLM. It can reply to an uncapped range of queries because it taps into one billion or more parameters of data. Small language models (SLMs) are their pocket-sized cousins.
An SLM specializes in tasks associated with smaller, more focused datasets. For instance, a hospital could leverage an SLM to enhance clinical documentation. How? By training the SLM on the patient’s
Read More
Highmark Covers AppliedVR’s RelieVRx for Chronic Back Pain
What You Should Know:
- Highmark, a commercial health insurance plan, has announced coverage for RelieVRx, a virtual reality-based therapy for chronic low back pain.
- This landmark decision makes RelieVRx accessible to over four million Highmark members.
A Breakthrough Treatment for Chronic Back Pain
RelieVRx is a fully immersive VR experience designed to empower individuals with skills for managing chronic low back pain (CLBP). Clinically proven to reduce pain intensity
Read More
