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Health IT | News, Analysis, Insights - HIT Consultant

OM1 Unveils AI-Powered Phenotyping Platform for Personalized Medicine

by Syed Hamza Sohail 05/06/2024 Leave a Comment

OM1 Unveils AI-Powered Phenotyping Platform for Personalized Medicine

What You Should Know: -              OM1 introduces three new products: OM1 Orion, OM1 Lyra, and OM1 Polaris powered by PhenOMTM – an artificial intelligence-powered digital phenotyping platform for personalized medicine and clinical research. -              OM1 is the leader in providing Real-World Evidence (RWE) insights from bench to bedside, leveraging
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Truveta Expands EHR Data Access with Complex Concepts & Millions of Images

by Syed Hamza Sohail 05/03/2024 Leave a Comment

Truveta Expands EHR Data Access with Complex Concepts & Millions of Images

What You Should Know: -              Today Truveta announced the availability of expanded concepts from clinical notes -- including family history, medication details reported to providers, and complex concepts for a wide range of therapeutic areas from cardiology to rare disease and more – and millions of de-identified medical images for scientifically rigorous
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Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

by Fred Pennic 05/03/2024 Leave a Comment

Firstsource Acquires Quintessence to Bolster AI-Powered Revenue Cycle Management Solutions

What You Should Know:   - Firstsource Solutions Limited (FSL), a leading global provider of Business Process Management (BPM) services, announced the acquisition of Quintessence Business Solutions & Services Private Limited (QBSS).  - The strategic acquisition strengthens Firstsource's position in the healthcare revenue cycle management (RCM) market, particularly in the United States. Financial details of the acquisition were not disclosed.  Enhanced RCM
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Contexture and QHN Partner to Strengthen Health Information Exchange in Colorado

by Jasmine Pennic 05/03/2024 Leave a Comment

Contexture and QHN Partner to Strengthen Health Information Exchange in Colorado

What You Should Know: - Contexture and Quality Health Network (QHN) announced today their official affiliation, creating a unified force for health information exchange (HIE) across Colorado.  - The strategic move strengthens collaboration and expands resources for healthcare providers in the state. Combining Expertise for Enhanced HIE This affiliation brings together staff, technology, and operations of both organizations under the Contexture umbrella. Contexture, already the
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Intermountain Health Deploys Nuance’s DAX Copilot Across Enterprise

by Jasmine Pennic 05/02/2024 Leave a Comment

What You Should Know: - Intermountain Health, a leading healthcare system serving the Intermountain West, announced today the enterprise-wide deployment of Nuance Communications' Dragon® Ambient eXperience™ (DAX™) Copilot, a generative AI solution aimed at improving clinical documentation efficiency and reducing administrative burdens. - Intermountain Health emphasizes the responsible development and application of AI technology. DAX Copilot incorporates Microsoft's responsible AI
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Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

by Fred Pennic 05/02/2024 Leave a Comment

Livara Health Secures $15M to Expand Value-Based Musculoskeletal Care Solutions

What You Should Know:  - Livara Health, a leading provider of value-based musculoskeletal (MSK) management solutions, raises $15M in Series B funding led by A1 Health Ventures.  - Existing investors Polaris Partners, Providence Ventures, Martin Ventures, and a new strategic investor also participated in the round. Livara Health: A Leader in Value-Based MSK Care Livara Health (formerly SpineZone) offers a comprehensive value-based MSK management solution. Through a
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M&A: Avel eCare acquires Horizon Virtual

by Jasmine Pennic 05/02/2024 Leave a Comment

Avel eCare acquires Horizon Virtual

What You Should Know: - Avel eCare, the nation's leading provider of clinician-to-clinician telemedicine services, continues its aggressive growth strategy with the acquisition of Horizon Virtual, a Minnesota-based virtual hospitalist services provider.  - This acquisition builds upon Avel's previous expansion, including the January 2023 acquisition of remote pharmacy services provider NightWatch. Today, Avel serves hundreds of customers across the country with a comprehensive suite
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POGO Automatic Blood Glucose Monitor Now Covered by Medicare Part B

by Syed Hamza Sohail 05/02/2024 Leave a Comment

POGO Automatic Blood Glucose Monitor Now Covered by Medicare Part B

What You Should Know: -              Intuity Medical, Inc., a medical technology company committed to making it easier to live with diabetes, announced today that its POGO Automatic® Blood Glucose Monitoring (ABGM) system, featuring one-step testing, is now covered by Medicare Part B. This decision expands access to the innovative monitor for the 16.5 million seniors age 65 and up living with
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3 Critical Vulnerabilities Found in Merge DICOM Toolkit

by Fred Pennic 05/02/2024 Leave a Comment

3 Critical Vulnerabilities Found in Merge DICOM Toolkit

What You Should Know: - Security researchers at Nozomi Networks Labs identified three vulnerabilities in the Merge DICOM Toolkit C/C++ SDK (versions prior to v5.18).  - These vulnerabilities could be exploited by attackers to crash medical imaging systems through seemingly harmless actions like opening a DICOM file or processing network data. The Importance of the Merge DICOM Toolkit In the world of medical imaging, the Merge DICOM Toolkit plays a vital role. This software library
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How AI Can Increase the Success of Clinical Denials Appeals

by Steve Albert, Executive Vice President and Chief Product Officer, R1 05/02/2024 Leave a Comment

Can AI Increase the Success of Clinical Denials Appeals?

It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023. The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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