What You Should Know:
- Cano Health, a value-based primary care provider, announced today that it has successfully exited Chapter 11 bankruptcy as a reorganized private company.
- The emergence follows a strategic restructuring aimed at improving the company's financial health and optimizing operations.
Key Achievements of the Restructuring
Debt Reduction: Cano Health significantly reduced its debt burden by converting over $1 billion of pre-bankruptcy debt into common
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Health IT | News, Analysis, Insights - HIT Consultant
New Hope for Early Alzheimer’s: FDA Approves Kisunla to Slow Disease Progression
What You Should Know:
- Eli Lilly's Kisunla™ (donanemab-azbt) has been approved by the FDA as a treatment for adults in the early stages of Alzheimer's disease (AD), including those with mild cognitive impairment (MCI) and mild dementia, who have confirmed amyloid plaque buildup in the brain.
- The FDA approval marks a significant step forward in the fight against Alzheimer's, offering new hope for patients and their families.
How Kisunla Works
Kisunla targets amyloid
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Hummingbird Healthcare Secures $10M to Streamline Patient Access, Create Jobs
What You Should Know:
- Hummingbird Healthcare Inc., a tech-driven healthcare services company raises $10M in Series A funding led by UCHealth, a leading Colorado-based health system and existing investor. The round also included participation from CU Healthcare Innovation Fund, 8VC, and Gaingels.
- With this new funding, Hummingbird is poised to expand its reach and empower healthcare providers to deliver exceptional patient experiences.
Focus on Patient Access and Operational
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OMNY Health Democratizes Healthcare Data with Launch of AI Platform
What You Should Know:
- OMNY Health, the leading healthcare ecosystem known for facilitating compliant cross-industry data sharing launched its platform designed to power AI driven health technology companies, further cementing the company’s commitment to democratizing healthcare data.
- QuantHealth and ArisGlobal are just
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AdvancedMD Summer Release Streamlines Revenue Cycle, Enhances EHR and Patient Engagement
What You Should Know:
- AdvancedMD, a provider of cloud-based healthcare software for independent practices, recently unveiled its 2024 summer product release.
- The update boasts over 30 new features designed to enhance efficiency, improve productivity, and ultimately, boost revenue for medical practices.
Seamless Payment Processing Takes Center Stage
The centerpiece of the release is the revolutionary AdvancedMD Pay terminal, a certified PAX A920 credit card processing
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Blind VA Employee Sues Over Inaccessible Oracle-Cerner EHR
What You Should Know:
- A Department of Veterans Affairs (VA) employee has filed a lawsuit against the agency, alleging its new Oracle-Cerner EHR system discriminates against employees and veterans with disabilities, Federal News Network reports.
- The lawsuit claims the Oracle-Cerner EHR system is incompatible with assistive technologies like screen readers used by visually impaired individuals.
Legal Basis of the Lawsuit
The lawsuit argues that the VA violated Section
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Former Outcome Health Execs Sentenced in $1B Fraud Scheme
What You Should Know:
- Three former executives of Outcome Health, a Chicago-based health tech startup, were sentenced for their roles in a massive fraud scheme that defrauded clients, lenders, and investors of an estimated $1B.
- The case was investigated by the FBI and FDIC-OIG with assistance from the U.S. Securities and Exchange Commission. The prosecution was handled by the Department of Justice's Criminal Division's Fraud Section and the U.S. Attorney's Office for the Northern
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Why Patient Engagement Must Be at the Center of Value-Based Care
In the dynamic and ever-changing landscape of the healthcare industry, patient engagement continues to emerge as a pivotal element of the value-based care (VBC) model. Value-based care seeks to improve health outcomes by leveraging the Quintuple Aim framework – focusing on the patient experience, population health success, cost reduction, team wellbeing, and health equity. Value-based care models center on patient outcomes and how well healthcare providers can improve the quality of care based
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US Hospitals See Improved Margins, But Rising Costs Remain a Concern
What You Should Know:
- A new report from Strata Decision Technology reveals mixed signals for the financial health of US hospitals. While operating margins have improved significantly year-over-year, rising drug and supply costs threaten to undermine this progress.
- The US hospital sector shows signs of financial recovery, with improved margins and revenue growth. However, rising drug and supply costs pose a significant threat to continued progress. As healthcare leaders navigate
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Inovalon and MEDITECH Alliance Partner to Streamline Revenue Cycle Management
What You Should Know:
- Inovalon, an innovator in cloud-based healthcare data solutions, announced a strategic partnership with the MEDITECH Alliance.
- The strategic collaboration empowers thousands of healthcare providers using MEDITECH's electronic health record (EHR) systems to leverage Inovalon's end-to-end revenue cycle management (RCM) solutions.
Optimizing Reimbursement and Reducing Errors
The partnership tackles a significant challenge in healthcare: inefficient
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