What You Should Know:
- Edward-Elmhurst Health (NS-EEH) has announced a significant, long-term partnership with Lumeris, a pioneer in value-based care (VBC). This partnership is a major development in the healthcare industry, representing the largest VBC provider deal since 2018.
- With rising expenses outpacing reimbursement rates, health systems and physician organizations are increasingly turning to value-based care to avoid layoffs and service cuts. NS-EEH, the third largest healthcare
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Understaffed RCM Payment Teams Need a New Way Forward
Last year, only 8% of healthcare executives said their RCM or billing departments were adequately staffed, and a stunning 48% said the employee shortage was “severe,” according to a survey cited in MedCityNews.
RCM teams are the engine that allows the machinery of healthcare organizations to run. Without effective billing and payment processes that deliver positive patient financial experiences, everything grinds to a halt.
These staffing woes can’t continue. The cascade of problems that
Read More
Waystar Postpones U.S. IPO in Response to Market Turbulence
What You Should Know:
- Waystar, a healthcare payments company, has decided to postpone its initial public offering (IPO) due to the ongoing market turmoil in the United States, according to a confidential source. Reuters first reports the company plans to revive its IPO efforts, but it is likely to wait until December at the earliest or possibly until 2024.
- The decision to delay the IPO was made in response to the volatility in the broader market. Despite receiving positive
Read More
75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds
What You Should Know:
- Cybercriminals have been highly successful in their ransomware attacks on healthcare organizations, according to a new survey conducted by Sophos. “The State of Ransomware in Healthcare 2023, report reveals nearly 75% of the surveyed healthcare organizations reported that their data was successfully encrypted by the attackers.
- In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their
Read More
Amidst AI Promise, Health Information Workforce Shortages Persist: AHIMA Survey Revels
What You Should Know:
- A new survey conducted by AHIMA reveals that 66% of health information (HI) professionals have experienced ongoing staffing shortages in their workplaces over the past two years. These shortages were notably prevalent in areas such as data quality, consumer health information, revenue cycle management, privacy, risk, and compliance, and data analytics.
- The report, “Health Information Workforce: Survey Results on Workforce Challenges and the Role of Emerging
Read More
Walmart Health Expands Affordable Access to Healthcare in Florida
What You Should Know:
- Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements.
- These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
Read More
AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management
What You Should Know:
- AdaptX, a self-serve clinical management solution company raises $10M in funding led by Cercano Management and included participation from notable entities, such as Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital.
The company's focus is on using AI-driven technology to enable clinical leaders to make data-informed decisions and optimize patient care processes with a positive
Read More
5G’s Role in Improving Quality and Reach of Healthcare
In the world of healthcare, new technologies aren’t just about being on the cutting edge of the latest trend. It’s about how technology can improve care and expand the reach of quality care through unprecedented methods. The latest 5G technologies, an increase in IoT devices, and the right network architecture create a perfect innovation combination for today’s healthcare sector. With faster speeds and more connected devices, healthcare professionals will be able to improve — and some already
Read More
Michigan Health Centers Losing Almost $100 With Every Visit, Report Finds
What You Shoud Know:
- Medicaid prospective payment rate for Michigan's federally qualified health centers (FQHCs) has not kept pace with the actual costs incurred to provide healthcare, resulting in a substantial reimbursement gap of $97.95 or 36.6% on every Medicaid patient visit, according to a new report released by The Michigan Primary Care Association (MPCA).
- The report, conducted by Health Management Associates, underscores the financial challenges faced by Michigan's
Read More
