What You Should Know:
- The hospital and health system merger and acquisition (M&A) market experienced a significant surge in activity during the third quarter of 2024, reaching its highest level since 2017, according to Kaufman Hall’s latest M&A report.
- Kaufman Hall’s M&A report reveals this surge was largely fueled by the Steward Health Care bankruptcy and a series of "mega mergers" involving prominent health systems.
Steward Health Care Bankruptcy Drives
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Health IT | News, Analysis, Insights - HIT Consultant
FTC May Intervene in Epic Systems Antitrust Lawsuit
What You Should Know:
- During a visit to Wisconsin focused on corporate consolidation in the grocery industry, Federal Trade Commission (FTC) Chairwoman Lina Khan addressed questions about potential FTC involvement in an antitrust lawsuit against Verona-based Epic Systems, WKOW first reports.
- Khan’s visit included a listening session in Baraboo and a press conference alongside Rep. Mark Pocan (D-Black Earth) to address concerns about corporate consolidation in the grocery store
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Navigating 2024 Healthcare Challenges: Policy, AI, and the Road Ahead
Now that we’re halfway through 2024, we’ve gained significant insights into the most pressing healthcare issues facing our industry and how they might shape the future. From regulatory hurdles to technological advancements, our sector is at a pivotal juncture, and understanding these dynamics will be crucial for all stakeholders involved.
Here are some of these key challenges and explore the strategies that could help guide us through the rest of the year.
Challenges on the Horizon:
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From TikTok to the Frontline: The Unsung Heroes of Healthcare Strike Management
Last summer, Mireya Bustamante, BSN, RN, had more than 51,000 TikTok followers and 4.4 million likes across her videos when she posted a TikTok about her time as a travel nurse. The 35-second clip showed Ms. Bustamante flying into an unspecified city where staff nurses were striking. In the clip, Ms. Bustamante said, "Strike contracts are a pretty quick turnaround, so you must be ready to go. You also have to be extremely adaptable and flexible."
A quick, seemingly innocuous video that you
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Trilliant Health Report Reveals Troubling Trends in US Healthcare: Costs Soaring, Health Declining
What You Should Know:
- A new report from Trilliant Health paints a grim picture of the US healthcare system, highlighting escalating costs and worsening health outcomes despite increased spending.
- The 2024 Trends Shaping the Health Economy Report serves as a wake-up call for the US healthcare system. It underscores the urgent need for stakeholders to address the unsustainable cost trajectory and prioritize initiatives that genuinely improve health outcomes.
Key
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Mary Washington Healthcare Outsources Revenue Cycle Operations with Ensemble
What You Should Know:
- Mary Washington Healthcare (MWHC) has selected Ensemble, a provider of revenue cycle management solutions to outsource revenue cycle operations.
- The RCM outsourcing agreement will leverage Ensemble's innovative technologies and expert team to enhance MWHC's financial performance and elevate the patient financial experience.
Ensemble's Proven Track Record
With the addition of MWHC, Ensemble now manages an impressive $35 billion in annual net
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Yung Sidekick Raises $825K for AI-Powered Progress Notes for Therapists
What You Should Know:
- Yung Sidekick, a US-based mental health startup, announced it has raised $825K in pre-seed funding to advance its AI-powered platform that automates administrative tasks, such as note-taking, for mental health professionals.
- The round was led by Altair Capital and Ultra.VC, with participation from other VCs and angel investors. The funding will enable Yung Sidekick to accelerate its product development and roll out new features that will streamline supervision,
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Pager Health Reimagines Personalized Healthcare with Generative AI
What You Should Know:
- Pager Health, a connected health platform company serving more than 26 million members in the United States and Latin America, today announced the launch of ReallyWellSM.
- Combining clinical support, wellness services and contextual navigation, ReallyWell leverages generative AI to conduct deep-dive analyses of all-encompassing data sets for each member and patient, creating an unprecedented, one-size-fits-one personalized engagement experience for
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HHAeXchange Acquires Sandata Technologies: Expanding Homecare Solutions
What You Should Know:
- HHAeXchange, a provider of homecare management solutions, announced today its acquisition of Sandata Technologies, a veteran in the homecare industry with four decades of experience. Financial details of the acquisition were not disclosed.
- The strategic move strengthens HHAeXchange's position in the rapidly growing home and community-based services (HCBS) market, where demand for personal care aides is projected to increase by 43% between 2020 and
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How Real-Time Location Systems (RTLS) Can Revitalize Healthcare Teams
The safety and well-being of patients and staff have become one of the main challenges in the healthcare industry, as high-quality patient care depends on variables such as organizational processes, system implementation, accuracy of data insights, and support for health professionals. Studies have shown that these factors significantly influence patient safety and outcomes. The industry has been striving to recognize and address these challenges in recent years by pursuing the Triple Aim (the
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