What You Should Know:
- More than one-third of hospital and health system transactions announced in Q3 2023 involved a party that cited financial distress as a transaction driver, according to Kaufman Hall’s latest mergers and acquisitions (M&A) report. The reports reveal third quarter M&A activity remained high with 18 announced transactions resulting in $8.2B in total transacted revenue.
- Kaufman Hall experts say transaction activity is regaining momentum as hospitals,
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Health IT | News, Analysis, Insights - HIT Consultant
M&A: WellSky’s Acquires Corridor to Expand Medical Coding & RCM Services
What You Should Know:
- WellSky, a health and community care technology company, announced it has acquired Corridor, an end-to-end tech-enabled services platform for the post-acute care industry, from HealthEdge Investment Partners. Financial detials of the acquisition were not disclosed.
- By adding Corridor to its portfolio, WellSky will expand its medical coding and revenue cycle management (RCM) offerings to help care providers increase efficiency and improve performance
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The Role of Qualified Medical Interpreters in Achieving Section 1557 Healthcare Compliance
For the last decade, Section 1557 has been at the center of many changes and today, it continues to be as the Biden administration is working to take giant steps towards restoring and strengthening some civil rights protections for people in many health-related programs and activities that receive funding from the federal government.
Section 1557, known as the “Health Care Rights Law,” is the main nondiscrimination provision of the Affordable Care Act (ACA). It prohibits discrimination in
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Highmark & Spring Health Launch Mental Well-Being
What You Should Know;
- Highmark Health and Spring Health today announced their collaboration to expand the number of access points to behavioral health care by 40 percent for Highmark insurance members, including children and teens.
- Highmark’s Mental Well-Being powered by Spring Health will offer multiple levels of support: digital capabilities for daily wellness, one-on-one care navigation, deeper clinical care through in-person or virtual therapy, medication management,
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Philips Launches New Interoperability Capabilities for Comprehensive Patient View
What You Should Know:
- Royal Philips, a global leader in health technology, has announced the interoperability of Philips Capsule Medical Device Information Platform (MDIP) with Philips Patient Information Center iX (PIC iX), providing hospitals with a first-of-its-kind, comprehensive patient overview.
- Interoperability between MDIP and PIC iX gives clinicians a new clinical perspective that enables the capture of streaming data flowing freely from a variety of medical device
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Digitizing and Streamlining Surgeon Preferences Improves Operational Efficiency and Patient Safety
In the dynamic world of healthcare, preference cards serve as crucial tools that capture a surgeon’s specific needs and preferences for each type of surgical procedure they perform. These cards typically outline the equipment, instruments, and supplies required for a particular procedure, providing a personalized roadmap for surgical teams to follow. By detailing these specifications, preference cards help streamline surgical planning, foster improved communication among the operating room (OR)
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HLTH: NextGen Healthcare Unveils AI-Powered NextGen Ambient Assist
What You Should Know:
- NextGen Healthcare announced the availability of NextGen™ Ambient Assist, an ambient listening solution that interprets patient-provider conversations in real time to summarize appointments and document care plans at unprecedented speeds.
- Ambient Assist delivers AI-generated subjective, objective, assessment, and plan (SOAP) notes directly into the electronic health record (EHR) for provider convenience.
Fully Automated Ambient Listening Solution
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HLTH23: 98point6, SteadyMD to Offer Comprehensive Virtual Care Solution
What You Should Know:
98point6 Technologies, a leader in virtual care software, today announced a new strategic partnership with B2B telehealth infrastructure provider, SteadyMD.Together, these leaders will provide an all-in-one virtual care offering to healthcare organizations that combines 98point6’s cloud-based, licensable technology with SteadyMD’s 50-state network of highly-trained clinicians to help short-staffed healthcare organizations lower the unit economic cost of care operations,
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AHIMA Launches Data for Better Health™ Initiative
What You Should Know:
- Today, the American Health Information Management Association® (AHIMA) unveiled its groundbreaking initiative, Data for Better Health™, at its annual conference, AHIMA23, in Baltimore, MD.
- The Data for Better Health initiative is poised to revolutionize the healthcare landscape by enhancing awareness of the transformative potential of social determinants of health (SDOH) data to improve health outcomes.
Data for Better Health Initiative
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Automation Fills Gaps Left by Revenue Cycle Talent Shortage
Healthcare providers are feeling the industry’s talent shortage in their administrative functions as well as clinical areas. One case in point: revenue cycle management. In a recent study, 63% of healthcare providers reported an inability to fill key revenue management roles. Reduced revenues and cash reserves are almost inevitable when providers don’t have sufficient staff to follow up on claims, manage appeals and help patients understand their financial responsibilities and
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