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Health IT | News, Analysis, Insights - HIT Consultant

M&A: General Catalyst’s HATCo to Acquire Summa Health

by Fred Pennic 01/17/2024 Leave a Comment

M&A: General Catalyst's HATCo to Acquire Summa Health

What You Should Know: - Akron-based Summa Health and General Catalyst's Health Assurance Transformation Corporation (HATCo) have announced a planned acquisition that promises to reshape healthcare delivery in the region. - This strategic acquisition marks the beginning of a long-term journey to create a more proactive, affordable, and equitable healthcare system for the Greater Akron community. A Vision for a Healthier Future Summa Health, a large, integrated healthcare system, and
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Fathom’s AI Coding Solution Lands on Google Cloud Marketplace, Supercharging Healthcare Revenue Cycle

by Jasmine Pennic 01/17/2024 Leave a Comment

Fathom's AI Coding Solution Lands on Google Cloud Marketplace, Supercharging Healthcare Revenue Cycle

What You Should Know: - Fathom, the leader in AI-powered medical coding automation, has announced its groundbreaking solution will be available on Google Cloud Marketplace starting in Q1 2024. - This strategic partnership brings together two industry giants, offering healthcare organizations a powerful one-stop shop for streamlining revenue cycle management and claiming the benefits of cutting-edge technology. Fathom: Automating the Revenue Cycle: The healthcare industry faces a
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Pilot Programs Tackle Insulin-Requiring Diabetes Challenges for Medicaid Beneficiaries

by Fred Pennic 01/17/2024 Leave a Comment

Pilot Programs Tackle Insulin-Requiring Diabetes Challenges for Medicaid Beneficiaries

What You Should Know: - Millions of Americans managing insulin-requiring diabetes (IRD) face a unique set of challenges, often compounded by social needs like food insecurity, housing instability, and financial stress. These factors can significantly impact their ability to effectively manage their condition and achieve optimal health outcomes. - Recognizing this critical need, the Medicaid Innovation Collaborative (MIC) has launched pilot programs in Iowa, Kentucky, and New York,
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Innovaccer Acquires Cured to Elevate Patient Experience

by Fred Pennic 01/16/2024 Leave a Comment

Innovaccer Acquires Cured to Elevate Patient Experience

What You Should Know: - Innovaccer Inc., a leading healthcare technology company, announced the acquisition of Cured, a renowned digital marketing and CRM platform specifically designed for healthcare. - The strategic acquisition marks a significant leap forward in Innovaccer's mission to reshape patient care, adding over 20 health systems and digital health clients to its already impressive portfolio. Enhancing Patient Journeys with AI and Data The acquisition of Cured brings
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The High Price of Living with Diabetes in 2024: A Breakdown of Costs

by Jasmine Pennic 01/16/2024 Leave a Comment

The High Price of Living with Diabetes: A Breakdown of Costs

What You Should Know: - The average person with diabetes could spend between $3,300 and $4,600 a year on out-of-pocket costs, including prescription medications, provider visits, over-the-counter supplies, and lost wages, according to a recent GoodRx report. - The report, The True Cost of Diabetes takes into account medications, visits with healthcare providers, and blood sugar level monitoring, as well as costs for emergency room visits, hospital stays, and chronic complications for those
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How Clinicians Navigate Drug-Drug Interactions to Protect Patients

by Fred Pennic 01/16/2024 Leave a Comment

How Clinicians Navigate Drug-Drug Interactions to Protect Patients

What You Should Know: - Drug-drug interactions, a silent threat lurking in medication charts, can cause significant harm and even death. Yet, despite their prevalence, little is known about how doctors identify and manage these risks in real-time. - A recent groundbreaking study sheds light on this crucial yet under-examined process, offering valuable insights to improve patient safety. Unveiling the Decision-Making Maze Led by Dr. Michael Weiner and Dr. Alissa Russ-Jara, the
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Transforming Healthcare Through Ethical AI: Enhancing Trustworthiness, Privacy, and Compliance

by David Ting, founder/CTO at Tausight 01/16/2024 Leave a Comment

Transforming Healthcare Through Ethical AI: Enhancing Trustworthiness, Privacy, and Compliance

In November, President Biden signed a new Executive Order – titled “Safe, Secure, and Trustworthy Artificial Intelligence” – that promises to introduce new national AI regulations that focus on safety and responsibility in the use of this revolutionary new technology. Fast on the heels of this high-profile EO, the Biden Administration has already started the process of writing actual standards for the safe use of generative AI by announcing that the U.S. Department of Commerce. In late December,
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McKinsey: Healthcare Profit Pools to Reach $819B by 2027

by Fred Pennic 01/15/2024 Leave a Comment

What You Should Know: - The US healthcare industry, after weathering a storm of inflation, labor shortages, and lingering COVID-19 impacts in 2023, is now showing signs of a promising rebound, according to a new report by McKinsey & Company. - The McKinsey report predicts accelerated transformation efforts and strategic shifts will unlock new growth opportunities in key segments, while others face continued challenges. Let's delve into the projected trajectory of different healthcare
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Spectrum Healthcare and NextGen Partner to Tackle Arizona’s Healthcare Shortage

by Jasmine Pennic 01/12/2024 Leave a Comment

Spectrum Healthcare and NextGen Partner to Tackle Arizona's Healthcare Shortage

What You Should Know: - In a move aimed at alleviating Arizona's critical shortage of healthcare providers, Spectrum Healthcare, one of the state's largest non-profit healthcare providers, has joined forces with NextGen Healthcare, a provider of cloud-based technology solutions. - This strategic partnership marks a significant step towards improving access to integrated mind-body care for Arizonans, particularly in underserved communities. A Growing Need for Whole-Person Care Arizona
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Graphium Health Acquires ABG, Boosting Patient Safety and Efficiency

by Jasmine Pennic 01/12/2024 Leave a Comment

Graphium Health Acquires ABG, Boosting Patient Safety and Efficiency

What You Should Know: Graphium Health, a leader in anesthesia technology solutions, has acquired The ABG Anesthesia Data Group, LLC (ABG). This strategic acquisition signifies Graphium Health's unwavering commitment to improving patient safety and practice efficiency through innovative data management tools. Simplifying Quality Reporting, Enhancing Care: The ABG platform, renowned for its user-friendly interface, simplifies complex quality reporting requirements, particularly for the
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