In the vast tapestry of the healthcare industry, certain years stand out as watershed moments. The year 2023 is shaping up to be one such pivotal year, marked by profound shifts and emerging trends.
Rise of the Physician Collectives
One significant transformation I've keenly observed is the enhanced stature and influence of small to medium-sized physician collectives. Historically relegated to the sidelines, these groups have now carved out a pivotal role for themselves. Why this sudden
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Health IT | News, Analysis, Insights - HIT Consultant
Mobile Pay Revolutionizes Specialty Groups: Unlock the Data-Driven Potential
It’s no surprise that healthcare is doubling down on software investments for healthcare revenue cycle, including software with an AI component, like predictive analytics. What’s unique is that right-now value from AI in revenue cycle is happening outside the walls of a healthcare facility or medical practice. In fact, it’s originating from the device patients use most: their smartphone.
For specialty groups in particular, the ability to successfully engage patients in their financial
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Health Hacks Aren’t Just Expensive – They’re Detrimental to Patient Care
Healthcare remains firmly in hacker crosshairs. A recent survey finds that four out of five healthcare operators in the past year experienced at least one cybersecurity incident. Adding to the concern, 60 percent of those incidents had a “moderate or substantial” impact on patient care, and an additional 15% reported a “severe” impact.
The repercussions of a health hack extend far beyond financial losses. This makes it all the more important to secure health networks and devices to keep out
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eHealth Exchange Accelerates HL7 FHIR Adoption with New Incentive Program
What You Should Know:
- eHealth Exchange, a health information network (HIE), has announced a new incentive program aimed at encouraging healthcare providers and payers to adopt Networked FHIR.
- This program will waive annual fees for the first 15 non-federal healthcare providers or health information exchanges (HIEs) and the first three healthcare payers who successfully exchange patient data using Da Vinci specifications.
Incentive Program for Networked FHIR
Networked FHIR is a
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GDIT Awarded $63M Contract to Modernize Alabama’s Medicaid Program
What You Should Know:
- General Dynamics Information Technology (GDIT) has been awarded a $63M contract by the Alabama Medicaid Agency to modernize the state's Medicaid program. The contract has a base period of two years with three two-year options, allowing for a potential total period of seven years.
- The contract will help the agency to streamline processes, enhance data interoperability, and improve overall service delivery for Alabama Medicaid beneficiaries.
Modernization
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Healthcare Embraces Generative AI: 70% of Organizations Actively Explore its Revenue Cycle Potential
What You Should Know:
- AKASA, a leading developer of AI-powered automation for the revenue cycle, released new survey results showing that more than 70 percent of healthcare organizations are actively considering the use of generative AI.
- In the same survey of more than 250 CFOs and financial leaders at health systems and hospitals across the U.S., nearly 60% percent of respondents indicated they are actively considering these new technologies for their revenue cycle
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Evolving Clinical Decision Support: A Guide to Discovery-Driven Transformation in Healthcare
Healthcare is undergoing dramatic shifts, including increasing demands on caregivers, changes in care settings (particularly after the pandemic), and technology advancements, to name a few. These changes are influencing the way clinical decision support (CDS) resources and tools are designed and delivered.
Four systemic shifts that are fundamental to CDS resource development are:
Changes in who is making care decisions.More choice and variety in how and where patients are being
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Pathway Raises $5M for AI-Powered Medical Knowledge Platform
What You Should Know:
- Pathway, an AI-powered medical knowledge platform, has secured $5 million in seed funding to expand its solutions and address information overload for healthcare professionals. The seed funding was led by Yamaha Motor Ventures, with participation from Verge HealthTech Fund, existing investors Amplify Capital, BoxOne Ventures, and Formentera Capital. Several physicians who have experienced Pathway's benefits also backed the funding round.
- The funding will allow
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M&A: AAPC Acquires Semantic Health’s AI-Powered Medical Auditing Solution
What You Should Know:
- AAPC, a leading global solutions provider in healthcare revenue cycle management, has acquired Semantic Health, an early-stage healthcare technology company focused on creating AI-powered inpatient medical auditing software for health insurance plans and hospitals.
- This acquisition will allow AAPC to offer its members innovative tools to streamline auditing processes, reduce denials, and improve documentation quality.
AI-Powered Inpatient Medical
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Hospitals Face Nursing Exodus as Contract Labor Band-Aid Fails
It is 2020. The world feels to be falling apart. Hospital leaders across the country face a daunting crisis. COVID-19 has put a strain on their care teams right at the moment when caregivers are needed most. The care team that is the most hands-on with care, which carries the brunt of direct care in hospitals, is the nursing staff. Many hospitals started the pandemic down 5-10% of their nurses. Then, during the pandemic, some nurses retired early. Some left care. Some died.
Nursing
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