The gamble is over for hospitals that avoided complying with CMS price transparency mandates. After a slow start since they were implemented more than 18 months ago, CMS has issued 350 warnings for noncompliance, 157 corrective action requests, and finally issued fines to two Georgia hospitals in June. It seems many more will be on the way. The fines are significant. The first two hospitals faced fines of roughly $880,000 and $214,000. Noncompliant hospitals with 550 beds or
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Health IT | News, Analysis, Insights - HIT Consultant
How Will New FDA Hearing Aid Regulations Impact Health Plans?
The time has finally arrived. The Food & Drug Administration’s new over-the-counter (OTC) hearing aid regulations are now in effect and health plans are starting to explore what it means for them. Among the many questions they may need to grapple with, a few are particularly salient: - How will the new rules impact their benefit offerings? - What new opportunities will arise? - What potential pitfalls should they be aware of? Introducing OTC hearing
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PayZen Nabs $200M for Personalized, No-Cost Patient Financing
What You Should Know: - PayZen, the fintech company tackling healthcare affordability with personalized, no-cost patient financing solutions raises a $220 million growth round. The round is composed of $20 million in equity financing and a $200 million credit facility led by 7wireVentures, while Viola Credit provided a $200 million warehouse credit facility to support continued market expansion. - PayZen will use the funds to scale its operations and product development as the interest in
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Provider Burnout Has Leveled Out in 2022; Staffing Shortages Rises, KLAS Reports
What You Should Know: - Value-based care (VBC) has been established as a priority among healthcare organizations and payers as participants have gained more experience in managing their quality metrics and contracts, ultimately realizing returns on their investments. - For their latest report, KLAS talked to 54 healthcare executives—including CEOs, CFOs, CIOs, CMIOs, COOs, VPs and directors of population health, and VPs of analytics—to gauge how they are moving beyond
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Why Get an Online Nursing Degree?
Online education has rapidly gained popularity over the last few years. Online degrees have now become mainstream and are no longer a trend. The COVID-19 pandemic caused students to get confined to their homes, where online teaching became a norm. Students are now better able to understand the benefits of online education and are more willing to get a master of advanced nursing online. If you are interested in completing your nursing education online and are slightly hesitant today, we shall
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5 Proven Strategies to Increase Employee Retention And Reduce Operational Costs In Senior Living
Staffing turnover in senior care has reached an all-time high at an annual rate of 48.5% among all employees and 68.1% among resident assistants and personal care aides. At a sunk cost of roughly $2,200 per employee, staff turnover is expensive and results in lower resident satisfaction, quality of care and occupancy. Staff leave for a myriad of reasons, but what if a few simple changes could transform the trajectory of your organization? Luckily there are proven strategies to increase staff
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Oatmeal Health Brings AI-Powered Lung Cancer Screening to The Clinic in Oklahoma
What You Should Know: - Central Oklahoma Family Medical Center FQHC (The Clinic) has selected Oatmeal Health, a veteran-owned Patient Success Service to bring tech-enabled lung cancer screenings to their patients. - As part of the partnership, Oatmeal Health will provide white-glove, concierge service, offering our support without FQHC’s shouldering the burden or cost. Tech-Enabled Lung Cancer Screening Currently, lung screening rates hover at around 4 percent
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Prior Authorization Reforms Don’t Address the Real Problem. Here’s How AI Can Help.
After waiting weeks for an open appointment, John finally gets in to see the orthopedic surgeon to evaluate his acute knee pain. He’s already been off work for over two months and has barely been able to leave the house, popping anti-inflammatory and pain medicine to manage the pain every day. Suspecting a torn meniscus, the doctor orders an MRI to verify the diagnosis and plan his treatment approach. The nurse begins the process by calling John’s insurance carrier to verify coverage,
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Using Data Analytics to Address Social Determinants of Health
Americans might run on Dunkin’ — but the healthcare industry runs on data, specifically structured and unstructured data. Easily aggregated and translated into numbers for analysis, structured data lives in databases and on spreadsheets. Unstructured data, on the other hand, is more complex. You can’t use conventional tools to process or analyze it. Yet while it’s messy and hard to organize, it’s incredibly valuable. And one type of unstructured data is human conversations, including
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Osso VR and American College of Cardiology to Develop Immersive Training for Cardiovascular Professionals
What You Should Know: - Osso VR, a virtual reality (VR) company in healthcare, and the American College of Cardiology (ACC), a global nonprofit dedicated to transforming cardiovascular care announced a new collaboration to develop an immersive, VR-enabled training program for cardiovascular professionals. - The collaboration builds upon the ACC’s long tradition of educational excellence and will support more than 56,000 cardiovascular professionals with state-of-the-art
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