As a society, we should all be concerned about the increasing rate at which private equity firms are acquiring physician groups. Over the last decade, private equity firms have invested nearly $1 trillion in approximately 8,000 healthcare deals, encompassing a wide spectrum of medical services, from fertility clinics to neonatal care, primary care to cardiology, hospices, and everything in between.
The consequence? Healthcare has shifted towards a profit-driven model where physicians have
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Health IT | News, Analysis, Insights - HIT Consultant
Healthcare Workers Bear the Brunt of Burnout: Balancing Caregiving, Demands, and Personal Lives
What You Should Know:
- As we celebrate National Caregivers Day, a new report by ShiftKey paints a concerning picture of burnout among healthcare workers.
- While these professionals are passionate about their calling, the ShiftKey report reveals 81% report experiencing burnout, with nearly half considering leaving the field altogether. This crisis is compounded by personal caregiving responsibilities, with 81% shouldering additional burdens outside of work.
Personal sacrifices due to
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Anatomy Launches AI-Powered Financial Automation for Healthcare Orgs
What You Should Know:
Anatomy Financial announces the launch of their AI-powered financial automation solutions for medical, dental, digital health, and healthcare billing companies.Anatomy has raised $7.6M in funding to build a financial operating system for healthcare from Lightspeed, Meridian Street Capital, Live Oak Ventures, Cambrian Ventures, Peterson Ventures, and angel investors with expertise across healthcare and fintech.
Streamlining Healthcare Finance: Anatomy's Automated
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Online Pharmacies Boom, But Usability Issues Cloud the Future
What You Should Know:
- The convenience of online pharmacies is undeniable, with a growing number of patients turning to them for prescription refills; however, a recent study by Software Advice reveals frustrations with app usability.
- While online pharmacies offer convenience, usability challenges threaten to hinder their long-term success. Addressing user concerns through improved app design and functionality is critical for ensuring patient satisfaction, medication adherence, and a
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Helmsley Trust Awards $12M to Research Exercise Management for Type 1 Diabetes
What You Should Know:
- The Leona M. and Harry B. Helmsley Charitable Trust announced a major initiative to improve the lives of people with type 1 diabetes (T1D) by awarding $12 million in grants to support research on safely incorporating exercise into their lives.
- The Helmsley Charitable Trust is the world's largest private foundation dedicated to funding T1D research. With this latest initiative, the Trust has committed over $1 billion to support research efforts aimed at
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Nicklaus Children’s Leverages Kyruus Connect for Patient Self-Scheduling, Improved Access & Efficiency
What You Should Know:
Kyruus Health, the leading care access platform, and Nicklaus Children's Health System, a nationally recognized pediatric care provider, proudly announce a collaboration to revolutionize accessibility and convenience for children and families in South Florida.Launched in November 2023, Kyruus Health's solutions enable Nicklaus Children's families who prefer to self-schedule to access the right care quickly and easily through a platform that supports them in either
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CitiusTech Launches Generative AI Quality & Trust Solution
What You Should Know:
- CitiusTech, a healthcare technology provider, has unveiled a groundbreaking solution to address the reliability, quality, and trust concerns surrounding Generative AI (Gen AI) in healthcare.
- This industry-first offering aims to empower healthcare organizations to confidently adopt and scale Gen AI applications, unlocking their transformative potential.
Gen AI Quality & Trust Solution
Over 80% of Gen AI projects face delays due to lack of trust in their
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FHIR Adoption on the Rise: ONC Survey Shows Digital Health Companies Embrace Standards-Based APIs
What You Should Know:
- A new survey reveals that the healthcare industry is making significant strides towards interoperability, thanks to the adoption of standards-based application programming interfaces (APIs).
- The research, conducted by the Office of the National Coordinator for Health Information Technology (ONC), reveals that a majority of digital health companies are using the FHIR standard to integrate with electronic health records (EHRs).
The Rise of FHIR
The Cures Act
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Health Systems Grapple with AI Governance: Balancing Promise and Risk
What You Should Know:
- Despite the increasing adoption of artificial intelligence (AI) in healthcare, a new survey reveals that very few health systems have formal policies in place to govern its use, particularly for generative AI. In addition, 70% of executives plan to adopt AI solutions through EHR vendors for easier integration.
- The Center for Connected Medicine's full report, "How Health Systems are Navigating the Complexities of AI," offers a deeper dive into the survey findings
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RapidClaims Emerges from Stealth with $3.1M to Tackle Healthcare Claim Denials with AI
What You Should Know:
- RapidClaims, a healthcare technology startup focused on automating medical coding and reducing claim denials, has officially exited stealth mode after securing a $3.1M seed funding round. The seed round was led by Together Fund, a $250 million global SaaS fund, with participation from Better Capital, Neon Fund, Peercheque, DeVC with angels and advisors coming from prominent US healthcare organizations including Oscar Benavidez (Executive Director, Mass General), Ankit
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