What You Should Know:
- Tata Consultancy Services (TCS), India's largest information technology services company, has been ordered to pay $140M in punitive damages to Epic Systems Corporation in a long-running legal dispute over intellectual property, Business Standard reports.
- The decision by the Supreme Court of the United States upholds a lower court's ruling and will have a significant impact on TCS's financial results for the third quarter of 2023.
Epic Systems Corporation vs.
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Health IT | News, Analysis, Insights - HIT Consultant
Cleveland Eliminates $33M in Medical Debt for 16,000 Residents
What You Should Know:
- In a significant step towards alleviating the financial burden of medical debt on its residents, Cleveland has partnered with RIP Medical Debt, a national non-profit organization, to eliminate $33M in medical debt owed by nearly 16,000 Clevelanders.
- This initiative, funded by $1.9M from the American Rescue Plan Act (ARPA), demonstrates the city's commitment to addressing the critical issue of medical debt and improving the lives of its residents.
The
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GE and CodaMetrix Partner to Bolster AI-Powered Automated Coding for Providers
What You Should Know:
- CodaMetrix has partnered with GE HealthCare to bring its AI-powered automated coding solution, CMX Automate, to GE HealthCare customers.
- This will enable GE HealthCare customers to benefit from CMX Automate's ability to improve coding accuracy, efficiency, and revenue cycle management. CMX Automate is a cloud-based solution that uses machine learning, deep learning, and natural language processing to translate clinical notes into billing and diagnostic codes.
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Medmo Secures $9M to Streamline Medical Imaging
What You Should Know:
Medical imaging technology company Medmo announced a $9 million funding round led by Lerer Hippeau,alongside existing investors Jerusalem Venture Partners (JVP), C2 Ventures and Stone IsraVentures.In addition, an array of notable angel investors participated, including Elliot Cohen, founder of PillPack (acquired by Amazon), and Klara (acquired by ModMed) Co-founders Simon Bolz and Dr. Simon Lorenz. The additional
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Memorial Hermann Deploys Laudio’s AI Workflow Automation Platform for Frontline Support
What You Should Know:
Laudio, an innovator in frontline leader solutions that drive efficiency and engagement for health systems, today announced that Memorial Hermann Health System is implementing Laudio’s platform to enhance employee efficiency and engagement.The non-profit, award-winning health system committed to creating healthier Houston communities began its rollout at Memorial Hermann Northeast Hospital, with plans for a system-wide expansion. The system has also become
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NextGen’s Value-Based Care Solutions Unlocks $82M in Medicare Savings
What You Should Know:
NextGen Healthcare, Inc. a leading provider of innovative, cloud-based healthcare technology solutions, today announced that its clients participating in the Medicare Shared Savings Program (MSSP) leveraged NextGen® Population Health to achieve a cumulative $82 million in total Medicare savings last year.The MSSP incentivizes hospitals, associations of physicians, and other healthcare facilities to form accountable care organizations (ACOs) that
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Why Budget Alignment is Critical When Supporting All Stakeholders Throughout a Hospital’s Data Archiving Journey
In the fast-paced world of healthcare, data archiving is often underestimated and misunderstood, leading to costly mistakes and challenges for hospitals and health systems.
Imagine this common scenario: You've chosen an archiving vendor based on the lowest price and quickest timeline. However, as your project approaches the go-live date and legacy system decommissioning, you discover missing data and images in the archive. This setback adds an extra 90 days to your timeline, forcing you
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M&A: Novant Health Acquires 3 Tenet Hospitals in South Carolina for $2.4B
What You Should Know:
- In a significant move to expand its presence in South Carolina, Novant Health has announced the acquisition of three Tenet Healthcare hospitals and affiliated operations for approximately $2.4B. The deal, which is expected to close early next year, will bring Hilton Head Hospital, Coastal Carolina Hospital, and East Cooper Medical Center under the Novant Health umbrella.
-This strategic acquisition aligns with Novant Health's long-term vision to enhance healthcare
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Inovalon Launches Converged Analytics Benchmarking for Health Plans
Inovalon, a provider of cloud-based software solutions for healthcare launches Converged Analytics Benchmarking, a revolutionary solution that empowers health plans to make data-driven decisions and improve their quality outcomes in real-time. This first-of-its-kind benchmarking solution provides health plans with current monthly insight into their relevant national and state quality measure performance while still within the respective measurement period.
Real-Time Insights for Data-Driven
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Healthcare Landscape 2023: Navigating the Shifting Sands of Physician Collectives, Reimbursement Rates, and Regulatory Ripples
In the vast tapestry of the healthcare industry, certain years stand out as watershed moments. The year 2023 is shaping up to be one such pivotal year, marked by profound shifts and emerging trends.
Rise of the Physician Collectives
One significant transformation I've keenly observed is the enhanced stature and influence of small to medium-sized physician collectives. Historically relegated to the sidelines, these groups have now carved out a pivotal role for themselves. Why this sudden
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