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Health IT | News, Analysis, Insights - HIT Consultant

VitalHub Acquires MedCurrent for $34M to Enhance Healthcare Efficiency

by Fred Pennic 07/31/2024 Leave a Comment

VitalHub Acquires MedCurrent for $34M to Enhance Healthcare Efficiency

What You Should Know:  - VitalHub Corp., a leading provider of healthcare operations software and services, announced the acquisition of MedCurrent Corporation, a clinical decision support (CDS) company.  - The acquisition will integrate MedCurrent's OrderWise platform with VitalHub's existing Patient Flow software suite to create a comprehensive solution for managing healthcare resources. Financial Details of the Acquisition VitalHub will acquire MedCurrent for up to
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RLDatix and MedStar Health Partner on AI for Patient Safety

by Syed Hamza Sohail 07/30/2024 Leave a Comment

RLDatix and MedStar Health Partner on AI for Patient Safety

What You Should Know: -   RLDatix, the leading global provider of healthcare operations software and services, announced its new partnership with Medstar Health, the largest healthcare provider in the mid-Atlantic region, to utilize sophisticated AI tools for data extraction to augment patient safety event analysis. -  The partnership will accelerate collaboration across healthcare organizations to address patient safety concerns. RLDatix: Enhancing Healthcare Safety Through AI-Driven
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RansomHub Leaks 175GB of Data from Clinical Research Institute

by Fred Pennic 07/29/2024 Leave a Comment

RansomHub Leaks 175GB of Data from Clinical Research Institute

What You Should Know: - The Baim Institute for Clinical Research, a leading non-profit academic research organization, has fallen victim to a significant ransomware attack, according to Safety Detective’s cybersecurity team. The cyberattack, perpetrated by the RansomHub group, resulted in the theft and subsequent leak of 175 GB of sensitive data. - The stolen data includes a wide range of confidential information, including clinical trial programs, financial data, patient information, and
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AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

by Fred Pennic 07/29/2024 Leave a Comment

AvaSure Acquires Ouva’s Smart Room Solutions to Enhance AI-Powered Virtual Care Platform

What You Should Know:  - AvaSure, a provider of acute virtual care, announced today the acquisition of Ouva's smart room solutions. This strategic move aims to accelerate the development of AI-powered virtual care solutions for hospitals.  - By integrating Ouva's advanced AI capabilities into its Intelligent Virtual Care Platform, AvaSure will significantly expand its offerings and enhance patient care. Financial details of the acquisition were not disclosed.  Expanding
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QuVa Pharma Acquires LogicStream Health

by Syed Hamza Sohail 07/29/2024 Leave a Comment

QuVa Pharma Acquires LogicStream Health

What You Should Know: ·      QuVa Pharma acquired LogicStream Health, a SaaS software informatics platform for healthcare system pharmacies. ·      LogicStream, now a wholly owned subsidiary of QuVa, uses machine learning and predictive analytics to address drug shortages. ·      The acquisition combines QuVa’s sterile compounding services and distribution with LogicStream’s clinical process improvement and drug
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Navigating the Final CMS Medicaid Managed Care Rule (CMS-2439-F)

by Gary Jessee, Senior Vice President of Sellers Dorsey 07/29/2024 Leave a Comment

Navigating the Final CMS Medicaid Managed Care Rule (CMS-2439-F)

On April 22, 2024, the Centers for Medicare & Medicaid Services (CMS) released the final rule, Medicaid Program; Medicaid and Children’s Health Insurance Program (CHIP) Managed Care Access, Finance, and Quality. The rule aims to promote consistency and transparency, with an increased focus on improving access, driving quality, and advancing equity for Medicaid beneficiaries. CMS has been moving in this direction for several years, and states managed care organizations, and providers have
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Humana to Leverage Google Cloud’s GenAI Capabilities to Improve Member Experiences

by Fred Pennic 07/26/2024 Leave a Comment

WellSky Taps Google Cloud to Build Gen AI Tools for Providers

What You Should Know:  - Humana Inc. (NYSE: HUM) announced a strategic multi-year agreement with Google Cloud to accelerate healthcare innovation through advanced cloud infrastructure and AI capabilities. This expanded partnership builds upon an existing collaboration between Humana and Google Health, focused on population health and AI solutions. - While the financial terms of the agreement were not disclosed, the partnership underscores both companies' commitment to transforming
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Astrana Health Acquires Collaborative Health Systems to Expand Care Delivery Network

by Jasmine Pennic 07/26/2024 Leave a Comment

Astrana Health Acquires Collaborative Health Systems to Expand Care Delivery Network

What You Should Know:  - Astrana Health, a leading technology-powered healthcare company acquires Collaborative Health Systems (CHS), a management services organization serving over 129,000 beneficiaries across 17 states.  - The strategic move will significantly expand Astrana’s care delivery capabilities and solidify its position as a key player in the value-based care market.   Expanding Geographic Footprint and Enhancing Care Delivery CHS brings a strong
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Oschner Ventures Launches $10M Ochsner Louisiana Innovation Fund

by Fred Pennic 07/26/2024 Leave a Comment

Oschner Ventures Launches $10M Ochsner Louisiana Innovation Fund

What You Should Know:  - Ochsner Ventures, the investment arm of Ochsner Health has announced the creation of the Ochsner Louisiana Innovation Fund.  - This $10M fund will invest in early-stage health and health-adjacent companies based in or with strong ties to Louisiana. The initiative is a collaborative effort between Ochsner Health and the Louisiana Economic Development (LED) agency, leveraging the State Small Business Credit Initiative (SSBCI). Focus on Improving
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CMS Establishes National Payment for AI Prostate Cancer Mapping

by Fred Pennic 07/26/2024 Leave a Comment

CMS Establishes National Payment for AI Prostate Cancer Mapping Technology

What You Should Know:  - Avenda Health, a pioneer in AI-powered prostate cancer care, announced today that the Centers for Medicare & Medicaid Services (CMS) has assigned a national payment rate for its prostate cancer mapping technology, Unfold AI.  - This significant development, alongside the establishment of a new Category III code by the American Medical Association (AMA), paves the way for broader adoption of Unfold AI and improved prostate cancer diagnosis and
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RevSpring to Acquire Kyruus Health, Creating a Unified Patient Experience

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