What You Should Know:
- The healthcare venture capital landscape experienced a resurgence in the first half of 2024, according to a new report from Silicon Valley Bank (SVB). Despite ongoing economic challenges, 89% of US VC funds exceeding $25M successfully met their fundraising targets.
- The report, "2024 Mid-Year Healthcare Investments and Exits," delves into venture capital activity across the healthcare sector, including biopharma, healthtech, medical device, and
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Health IT | News, Analysis, Insights - HIT Consultant
Ascension Saint Thomas Deploys Suki’s Ambient AI Assistant to Clinicians
What You Should Know:
- Suki, an AI healthcare assistant, and Ascension Saint Thomas, a prominent healthcare system, announced a groundbreaking partnership to enhance the resident experience through AI.
- By integrating Suki's AI-powered platform, Ascension Saint Thomas aims to alleviate the administrative burden on its second and third-year internal medicine residents, allowing them to focus on patient care and educational pursuits.
Improve Workflows and Reduce
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70% of Community Health Centers Face Staff Shortages Amid Rising Mental Health & Substance Use Care Demand
What You Should Know:
- Community health centers (CHCs), serving as the cornerstone of America's healthcare safety net, are grappling with a critical issue: a worsening workforce shortage.
- A new report by the Commonwealth Fund reveals a concerning trend, with over 70% of CHCs reporting a lack of primary care physicians, nurses, or mental health professionals in 2024.
Despite the Challenges, CHCs Remain a Beacon of Hope
This news comes amidst a backdrop of rising mental
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Remove the Ghosts from Haunted Provider Directories: 5 Things Payers Should Know
Payers place many resources—including time, personnel, and money—into maintaining provider networks for their plans and members. What is the intended goal after negotiating and contracting with networks? An accurate and comprehensive provider directory containing in-network clinicians and specialists that members can effectively use to “find a doctor” when they need care.
In reality, though, this is often an elusive goal. Members frequently find themselves haunted by ‘ghost
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91% of Caregivers View Patient Relationships as Critical to Job Satisfaction
What You Should Know:
- HHAeXchange, a provider of homecare management solutions, released findings from its 2024 Homecare Insights Survey, highlighting the critical role of caregivers in the industry.
- The survey, conducted among over 3,900 caregivers, provides valuable insights into caregiver motivations, challenges, and opportunities for improvement.
Caregiver Satisfaction Drives Homecare Industry
The survey underscores the growing importance of homecare as a
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Guidehealth Secures $14M for AI-Powered Value-Based Care
What You Should Know:
- Guidehealth, an AI-powered healthcare services provider raises $14M in seed funding led by Memorial Hermann Health System, with participation from healthcare entrepreneur Sidd Pagadipati and other industry leaders.
- The funding will accelerate Guidehealth’s mission to improve health outcomes and increase access to care through value-based care (VBC) models. The company’s AI-driven platform and clinical support services help health systems and clinically
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HPS/PayMedix Acquires TempoPay to Simply Healthcare Payments
What You Should Know:
- HPS/PayMedix, a leading provider of healthcare financing solutions, announced the acquisition of TempoPay, an innovative payments platform designed to help employees manage healthcare costs. Financial details of the acquisition were not disclosed.
- The acquisition of TempoPay is a significant step forward in addressing the healthcare affordability crisis. By providing employees with the financial tools and support they need, HPS/PayMedix is helping to
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Orlando Health Acquires Brookwood Baptist Health for $910M
What You Should Know:
- Tenet Healthcare Corporation has entered into a definitive agreement to sell its majority ownership stake in Brookwood Baptist Health to Orlando Health for approximately $910M in cash, resulting in after-tax proceeds of around $790M for Tenet.
- The sale includes five hospitals – Brookwood Baptist Medical Center, Princeton Baptist Medical Center, Walker Baptist Medical Center, Shelby Baptist Medical Center, and Citizens Baptist Medical Center – along with
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Cyberattacks: A Recipe for Nurse Burnout and Compromised Patient Care
Nurses, the backbone of the medical field, have been facing a critical threat: burnout. A recent survey by the National Council of State Boards of Nursing found that nurses are under immense strain due to high workloads and stress, with a significant portion of nurses (between 45% and 56%) feeling emotionally drained, exhausted, and burned out regularly. A worrying 29% of nurses reported feeling like they're at their wits’ end several times a week or even daily. Characterized by emotional
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Study: Private Equity Acquisitions Linked to Decline in Hospital Assets
What You Should Know:
- A new study has revealed a concerning trend in the healthcare industry: a significant decline in hospital assets following private equity acquisitions. The research, published in JAMA, analyzed data from 197 acquired hospitals and found a 24% decrease in total capital assets compared to a 9.2% increase in control hospitals over a two-year period post-acquisition. This decline is attributed to the sale of hospital assets, including land and buildings, to repay
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