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Health IT | News, Analysis, Insights - HIT Consultant

CMS Proposed Rule for CY 2025 Medicare Physician Fee Schedule

by Jasmine Pennic 07/15/2024 Leave a Comment

CMS Finalizes New Interoperability and Prior Authorization Rule

- The Centers for Medicare & Medicaid Services (CMS) released a proposed rule outlining changes to Medicare payments under the Physician Fee Schedule (PFS) for services furnished and other Medicare Part B issues on or after January 1, 2025.  - The calendar year (CY) 2025 PFS proposed rule is one of several proposed rules that reflect a broader Administration-wide strategy to create a more equitable healthcare system that results in better accessibility, quality, affordability,
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New AMGA Survey Reveals Physician Compensation Up in 2023, But Primary Care Lags Behind

by Fred Pennic 07/15/2024 Leave a Comment

New AMGA Survey Reveals Compensation Increases Across All Specialty Groupings, Physician Compensation Up in 2023, But Primary Care Lags Behind

What You Should Know:  - A new report by AMGA Consulting reveals significant growth in physician compensation and productivity across most specialties in 2023. The findings are based on data from nearly 190,000 providers in 459 medical groups, making it a comprehensive analysis of physician pay trends in the US. - The AMGA survey underscores the need for addressing factors impacting physician compensation, particularly in primary care. Sustainable solutions might involve adjustments
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CRISP Awarded $255M Grant to Accelerate Public Health Data Modernization

by Fred Pennic 07/12/2024 Leave a Comment

CRISP Awarded $255M Grant to Accelerate Public Health Data Modernization

What You Should Know:  - CRISP Shared Services (CSS), a leading non-profit focused on public health data exchange technology, has been selected as an Implementation Center awardee under the newly launched $255M National Implementation Center Program. - The program, funded by the Centers for Disease Control and Prevention (CDC) through the Public Health Infrastructure Grant (PHIG), positions CSS as a key player in modernizing data exchange and integrating health data into the public
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Philips IntelliSite Pathology Solution Receives 510(k) Clearance

by Fred Pennic 07/12/2024 Leave a Comment

Philips IntelliSite Pathology Solution Receives 510(k) Clearance

What You Should Know:  - Philips IntelliSite Pathology 5.1 has received 510(k) clearance from the FDA, solidifying its position as the most widely deployed digital pathology solution for primary diagnosis globally.  - With over 300 pathology labs already implementing Philips' solution, and over 20 labs achieving complete digital workflows, the success of this technology is evident. Investing in the Future of Cancer Care By empowering collaboration, boosting efficiency, and
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mpathic Receives SBIR Award to Address Racial Bias in Healthcare AI

by Fred Pennic 07/12/2024 Leave a Comment

mpathic Receives SBIR Award to Address Racial Bias in Healthcare AI

What You Should Know:  - mpathic, the leader in AI-powered actionable conversation analytics specializing in healthcare, life sciences, and client services was recently awarded an NIH SBIR grant to address racial bias in mental healthcare AI. - The prestigious grant will support the development of a groundbreaking project titled "Empathy for Everyone: Generative AI that Improves Patient-Provider Cultural Attunement in Real Time." mpathic wants all mental health providers to address
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PE Firm Acquires Healthcare MSP Provider Medicus IT

by Jasmine Pennic 07/12/2024 Leave a Comment

PE Firm Acquires Healthcare MSP Provider Medicus IT

What You Should Know:  - FFL Partners ("FFL"), a private equity firm focused on growth investments in Healthcare and Tech-Enabled Services businesses has acquired a majority stake in Medicus IT, a leading provider of managed IT and cybersecurity services for the healthcare industry. Financial terms of the transaction were not disclosed. - The acquisition positions Medicus IT for continued growth and leadership in the healthcare IT market. The investment will fuel the company's ability
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Regard Secures $61M for AI-Powered Clinical Insights Platform

by Fred Pennic 07/11/2024 Leave a Comment

WakeMed to Deploy Regard’s AI Clinical Automation Platform Across Enterprise

What You Should Know:  - Regard, an AI-powered clinical insights platform raises $61M in Series B funding led by Oak HC/FT with participation from prominent healthcare and technology investors.  - The investment will fuel the company's mission to unlock the full potential of patient data for improved clinical care. Untapped Potential in Healthcare Data The healthcare industry is experiencing a data deluge. New technologies generate mountains of patient information, but a
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Bluesight Diversion Trends Report Reveals $38M Lost to Drug Waste

by Jasmine Pennic 07/11/2024 Leave a Comment

Bluesight Diversion Trends Report Reveals $38M Lost to Drug Waste

What You Should Know:  - Bluesight, a provider of medication intelligence solutions, released its 2024 Diversion Trends Report, offering valuable insights for healthcare providers to improve controlled substance monitoring and patient safety. - The report demonstrates progress in healthcare's fight against controlled substance diversion. However, the data also highlights areas for continued improvement, particularly in waste management and medication documentation.  The report
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3 Strategies to Develop A More Flexible Healthcare Workforce

by Bruce Springer, CEO at Prolucent 07/11/2024 Leave a Comment

Strategies for Unlocking Agility and Cost Effectiveness in the Healthcare Workforce

A recent survey by the American College of Healthcare Executives revealed that workforce issues topped hospital CEOs' concerns for the second year. The ongoing challenge of staff shortages, nurse turnover, and high vacancy rates continues to increase reliance on costly contract labor, eroding hospital margins and contributing to clinician burnout.  Work preferences are also changing in healthcare. Nurses and other clinicians are prioritizing work-life balance, turning to flexible staffing
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Mastercard and MTA Partner to Modernize Cross-Border Healthcare Payments

by Syed Hamza Sohail 07/11/2024 Leave a Comment

Mastercard and MTA Partner to Modernize Cross-Border Healthcare Payments

What You Should Know: - Responding to the growing need to simplify access to global health care for medical tourists, Mastercard and the Medical Tourism Association (MTA) have announced an exclusive partnership to modernize the end-to-end health care experience for patients and providers around the world. - The Medical Tourism Association will utilize Mastercard’s commercial virtual card technology to go beyond arranging treatments to also facilitating fast and secure payments with health
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