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Health IT | News, Analysis, Insights - HIT Consultant

KAID Health Secures $9M to Drive AI-Driven Healthcare Efficiency

by Fred Pennic 12/19/2023 Leave a Comment

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient's chart, including notes, conditions, medications, and lab results. This comprehensive approach enables: • Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making. • Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians. • Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes. Real-World Impact, Proven Results KAID Health's impact extends beyond theoretical promises. To date, the platform has already: • Revolutionized Medicare Advantage coding for large provider groups nationwide. • Simplified chart review for prior authorization and clinical trial enrollment. • Outperformed physicians in identifying surgical risks at a major medical center. "KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues," explained Kevin Agatstein, CEO of KAID Health. "By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages."

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship
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PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

by Fred Pennic 12/18/2023 Leave a Comment

PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

What You Should Know: - PCA Rx and Cost Plus Drugs, are joining forces to tackle the longstanding issue of opaque and inflated drug pricing in the US healthcare system. - This landmark collaboration paves the way for greater transparency, accessibility, and affordability for employers and individuals nationwide. Prioritizing Drug Pricing Transparency By prioritizing transparency, this partnership empowers employers and members to make informed choices and fosters a more engaged
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Healthy Data Management: How IT Assists Healthcare Institutions

by Natalie Tkachenko, Healthcare Software Solutions Consultant at NIX 12/18/2023 Leave a Comment

Healthy Data Management: How IT Assists Healthcare Institutions

To obtain test results today, there's no need to visit the hospital. Simply open a mobile app and download the report to your smartphone. Doctors remotely manage patient data without being tied to a specific medical facility. They also handle large volumes of data effortlessly within their hospitals. This became possible thanks to electronic health records, telemedicine, and cloud solutions. However, along with advancements, challenges in digital healthcare are increasing. Let's discuss how to
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AHIMA Appoints Dr. Kevin Klauer as New CEO

by Executive Appointment 12/18/2023 Leave a Comment

What You Should Know: - The American Health Information Management Association (AHIMA) has appointed Dr. Kevin Klauer as its new Chief Executive Officer (CEO), effective January 8, 2024. - Dr. Klauer will succeed Amy Mosser, MBA, who served as interim CEO since June. Mosser, a critical member of AHIMA's executive team since 2019, will transition to the role of President of HCPro, LLC, a for-profit, wholly-owned subsidiary of AHIMA. Dr. Klauer Bio/Background Dr. Klauer's extensive
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The Limitations of 2D Barcodes for Surgical Documentation

by Shlomo Matityaho, Founder and CEO at IDENTI Medical 12/18/2023 Leave a Comment

The Limitations of 2D Barcodes for Surgical Documentation

As the healthcare sector embraces technology to tackle slow, time-consuming workflows, one task targeted for an innovation makeover is surgical supply data collection. The capturing of every reportable item used in surgery is vital from a patient safety and business perspective. In this article, we look at the evolution of surgical supply documentation tools - and in particular, assess the current transition from traditional 1D linear barcodes to 2D.  We investigate whether the
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Gartner Releases Healthcare Supply Chain Top 25 for 2023: Cleveland Clinic Rated #1

by Jasmine Pennic 12/15/2023 Leave a Comment

Gartner Releases Healthcare Supply Chain Top 25 for 2023: Cleveland Clinic Rated #1

What You Should Know: - The 15th annual Gartner Healthcare Supply Chain Top 25 ranking is out, offering a snapshot of the leading U.S. health systems excelling in this crucial area. - This year, Cleveland Clinic reigns supreme, showcasing leadership in digital initiatives and environmental, social, and governance (ESG) commitment. Cleveland Clinic Takes the Top Spot Cleveland Clinic clinches the top spot in the 2023 ranking, demonstrating leadership in both digital initiatives and
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TREND Health Acquires Advent for AI-Powered Healthcare Payment Accuracy

by Fred Pennic 12/15/2023 Leave a Comment

TREND Health Acquires Advent for AI-Powered Healthcare Payment Accuracy

What You Should Know: - TREND Health Partners, a rapidly growing provider of AI-driven solutions, has acquired Advent Health Partners, an AI-driven platform identifies and standardizes clinical attributes from itemized bills and medical records, expediting critical information presentation and ensuring timely and appropriate reimbursement. - This strategic combination brings together two industry powerhouses, creating a comprehensive platform for payers and providers seeking to optimize
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AMA Survey Explores Physician Sentiments on AI in Healthcare

by Fred Pennic 12/15/2023 Leave a Comment

AMA Survey Explores Physician Sentiments on AI in Healthcare

What You Should Know: - Physicians are cautiously optimistic about artificial intelligence (AI) in healthcare, according to a new survey by the American Medical Association (AMA). While 41% are equally excited and concerned about its potential, nearly two-thirds see its advantages if specific concerns are addressed. - The survey of 1,081 physicians, conducted in August 2023, reveals a complex picture of how doctors view this transformative technology, highlighting both its potential
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Healthcare’s Guiding Light: How FHIR Is Ushering In A New Era

by Joe Gagnon, CEO, 1upHealth 12/15/2023 Leave a Comment

Healthcare’s Guiding Light: How FHIR is Ushering in a New Era

Data is a crucial pillar of healthcare. But more than just the data itself, the flow of data between all stakeholders is what enables everything from care coordination to quality measurement, payment efficiencies, risk management, and other key goals. Yet, the healthcare industry has historically struggled with data exchange due to the lack of aligned interests caused by a third-party payer system and the predominance of proprietary technology.  Additionally, data privacy, which all would
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Care Guidance: The Human-Enabled Tech Solution for Clinical Staff

by Craig Parker, JD, CPA and CEO, Guideway Care 12/15/2023 Leave a Comment

Care Guidance: The Human-Enabled Tech Solution for Clinical Staff

Hospitals, health systems and group practices nationwide are finding value and effectiveness by partnering with an outsourced care guidance resource to extend clinical staff and strengthen care management support. The addition of a structured and highly scalable care guidance program that goes beyond mere navigation efforts provides a unique solution as a service proposition to comprehensively address many of the operational and financial challenges that directly affect the entire provider
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