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Health IT | News, Analysis, Insights - HIT Consultant

Oracle Health Enhances Veteran Care with Free Interoperability Code

by Jasmine Pennic 09/17/2024 Leave a Comment

Oracle Health Enhances Veteran Care with Free Interoperability Code

What You Should Know:  - Oracle Health today announced the release of new free code designed to enable its customers to support the Veteran Interoperability Pledge.  - This framework facilitates the secure sharing of patient health information between the U.S. Department of Veterans Affairs (VA) and community providers, enhancing the care of Veterans receiving treatment both within and outside the VA network. Seamless Integration and Access The new code enables Oracle
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Virtual Second Opinions on the Rise: Cardiology, Cancer, and Neurology Lead the Way

by Fred Pennic 09/17/2024 Leave a Comment

What You Should Know: - A new study by The Clinic by Cleveland Clinic has shed light on the increasing demand for virtual second opinions (VSOs) in the US, with a particular focus on heart, cancer, and neurological conditions. - This trend underscores the growing need for accessible specialty care, especially in regions facing healthcare provider shortages. Specialty Care Deserts Drive VSO Demand The national shortage of healthcare providers has created "specialty care deserts,"
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Did AI Cause HIPAA Fines to Double in a Single Year?

by Aidan Simister, Co-Founder and CEO of Lepide 09/17/2024 Leave a Comment

Did AI Cause HIPAA Fines to Double in a Single Year?

In 2023, HIPAA fines amounted to $4,176,500, which is a rise of over $2,000,000 in 2022. So yes, HIPAA fines have doubled. But why? Technology in healthcare has been a constant battle between progress and pain, and the relationship has grown increasingly complex over recent years. The Health Insurance Portability and Accountability Act (HIPAA) is one of the most well known regulatory frameworks in the healthcare industry, and it establishes safeguards for protecting sensitive patient
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Healthcare Analytics Adoption: 5 Tips for Healthcare Organizations

by Ryan Self, VP Advisory Services at Strata Decision Technology 09/17/2024 Leave a Comment

Healthcare Analytics Adoption: 5 Tips for Healthcare Organizations

Healthcare organizations have access to a wealth of data, yet 92% of healthcare professionals say organizations should do more to leverage financial and operational data to inform strategic decisions, according to a recent report. Integrating financial analytics into decision-making processes is increasingly vital as hospitals and health systems nationwide contend with high costs, narrow margins, shifts in patient demand, and other financial and operational pressures. Doing so, however,
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Jack Nathan Health® Explores Strategic Alternatives

by Jasmine Pennic 09/17/2024 Leave a Comment

Jack Nathan Health® Explores Strategic Alternatives

What You Should Know:  - Jack Nathan Medical Corp. (TSXV: JNH; OTCQB: JNHMF), operating as Jack Nathan Health®, a leading Canadian healthcare network has entered into a non-binding letter of intent (LOI) for a proposed transaction. This development follows the company’s recent announcements regarding the exploration of strategic alternatives. - A 30-day exclusivity period has been agreed upon with the other party involved in the LOI. Jack Nathan Medical Corp. has also secured
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Hackensack Meridian Health Launches 24/7 AI-Powered Primary Care Access

by Fred Pennic 09/16/2024 Leave a Comment

Hackensack Meridian Health Launches 24/7 AI-Powered Primary Care Access

What You Should Know:  - New Jersey's leading health network, Hackensack Meridian Health, is set to revolutionize primary care access with the upcoming launch of HMH 24/7, an AI-driven platform that seamlessly integrates virtual and in-person care.  - This new primary care initiative is a response to the evolving landscape of healthcare delivery, offering patients a convenient and connected way to manage their health. HMH 24/7: A New Era of Accessible, Personalized Care HMH
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Aegis Ventures Appoints Murray Brozinsky as Partner to Drive Healthcare Transformation

by Executive Hires 09/16/2024 Leave a Comment

Aegis Ventures Appoints Murray Brozinsky as Partner to Drive Healthcare Transformation

What You Should Know:  - Aegis Ventures, a prominent venture studio based in New York, announced today that Murray Brozinsky has joined its leadership team as a Partner.  - Brozinsky brings a wealth of experience in launching, leading, and successfully exiting several health technology companies, including Healthline, Talix, and Conversa Health. A Track Record of Success in Healthcare Technology As the CEO of Conversa Health, Brozinsky steered the company through the
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AI Agents in Healthcare: Retaining Talent, Improving Patient Care

by Dan Parsons, co-founder and Chief Marketing Officer at Thoughtful 09/16/2024 Leave a Comment

AI Agents in Healthcare: Retaining Talent, Improving Patient Care

The aging population is creating an unprecedented demand for healthcare services while the available healthcare workforce is declining. Meanwhile, the healthcare system continues to rely heavily on manual processes which have to date been powered by people. After a patient visit, a healthcare provider typically requires a full administration team to manage data across various systems, just to receive reimbursement
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Efficiently Sustainable: How Hospitals Can Create Operational Sustainability

by Connie Moser, Chief Executive Officer, Navenio 09/16/2024 Leave a Comment

Nurse Burnout: How Digital Transformation Can Be the Antidote

If any sector requires process improvement, it’s healthcare. There are well publicized NHS waiting list woes and A&E delays, but behind these figures are workforce and operational issues that create real stress on clinical staff and impacts patient satisfaction.  Nurses spend 10% of their time searching for equipment (according to a 2009 study) and sadly little has changed in more than a decade. Another study also revealed nurses claim that they experience “16-30% preventable wasted
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Candid Health Secures $29M for Revenue Cycle Automation Platform

by Fred Pennic 09/13/2024 Leave a Comment

Candid Health Secures $29M for Revenue Cycle Automation Platform

What You Should Know:  - Candid Health, the innovative revenue cycle automation platform designed for healthcare providers raises $29M in a Series B funding round led by 8VC, with participation from existing investors First Round Capital, BoxGroup, and Y Combinator. - This latest investment brings the company's total funding to $47M. Simplifying Medical Billing, Empowering Providers Candid Health is committed to simplifying the complex and often frustrating process of medical
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