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Health IT | News, Analysis, Insights - HIT Consultant

ChrysCapital Looks to Sell GeBBS Healthcare Solutions for $1B

by Fred Pennic 04/15/2024 Leave a Comment

ChrysCapital Looks to Sell GeBBS Healthcare Solutions for $1B

What You Should Know:  - ChrysCapital, India's largest homegrown private equity (PE) firm, is reportedly exploring the sale of GeBBS Healthcare Solutions, a Los Angeles-based healthcare business process outsourcing (BPO) company.  - This comes roughly six years after ChrysCapital acquired GeBBS in 2018. The potential $1 billion valuation reflects a significant increase from the acquisition price in 2018. This transaction could signal ChrysCapital's strategy of entering a
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Banner Health Optimizes Surgery Scheduling with Qventus

by Jasmine Pennic 04/15/2024 Leave a Comment

Banner Health Optimizes Surgery Scheduling with Qventus

What You Should Know:  - Banner Health, a leading non-profit health system, has chosen the Qventus Perioperative Solution to streamline surgical scheduling and improve operating room (OR) utilization. - This technology has resulted in significant benefits, including increased access to ORs, strategic growth in case volume, and actionable real-time insights – all while maintaining high-quality patient care. Double-Digit ROI Leads to Enterprise-Wide Implementation The initial
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Philips Respironics Reaches Final Agreement with US Regulators on Sleep Apnea Device Recall

by Fred Pennic 04/12/2024 Leave a Comment

Philips Respironics Reaches Final Agreement with US Regulators on Sleep Apnea Device Recall

What You Should Know:  - Philips Respironics, a subsidiary of Royal Philips, has finalized a consent decree with the US Department of Justice (DOJ) and Food and Drug Administration (FDA) to address issues raised during a 2021 inspection of a Philips facility in Pennsylvania. - The agreement focuses on Philips Respironics' operations in the US, particularly regarding the recall of certain sleep and respiratory care devices. - The company's focus will now be on completing remediation
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Almost 4 in 5 Physicians Employed By Hospitals, Health Systems, Corporate Entities

by Fred Pennic 04/12/2024 Leave a Comment

Almost 4 in 5 Physicians Employed By Hospitals, Health Systems, Corporate Entities

What You Should Know:  - A new study by Avalere commissioned by the Physicians Advocacy Institute (PAI) paints a clear picture: the landscape of US medical practice ownership is shifting dramatically. As of January 2024, a staggering 77.6% of US physicians are employed by hospitals, health systems, or corporate entities.  - The trend has been steadily increasing over the past five years, with over 44,000 practices acquired by these entities since 2019. Over 19,100 physicians left
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PerfectServe, TeamBuilder Partner to Bring Provider & Staff Scheduling to Medical Groups

by Jasmine Pennic 04/12/2024 Leave a Comment

PerfectServe, TeamBuilder Partner to Bring Provider & Staff Scheduling to Medical Groups

What You Should Know:  - PerfectServe®, a leader in cloud-based clinical collaboration and provider scheduling, and TeamBuilder, a provider of innovative workforce management solutions, announced a strategic partnership. - The PerfectServe and TeamBuilder partnership offers a comprehensive solution for medical groups seeking to optimize scheduling.  PerfectServe's Lightning Bolt Scheduling: Automating Efficiency PerfectServe's Lightning Bolt Scheduling utilizes a
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CipherHealth Launches Medication Affordability Program to Improve Patient Adherence with Health Systems

by Jasmine Pennic 04/11/2024 Leave a Comment

What You Should Know:  - CipherHealth, a leader in patient engagement technology, announced a new Medication Affordability & Adherence Program that aims to increase access to life-saving medications and improve medication adherence for patients by addressing a major barrier: cost. - With this latest program, CipherHealth continues to pave the way in digital healthcare by including access to medication affordability options as a seamless part of outreach to patients. The High
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Flatiron Health, NCCN Collaborate to Advance Cancer Care with Real-World Data

by Jasmine Pennic 04/11/2024 Leave a Comment

Flatiron Health, NCCN Collaborate to Advance Cancer Care with Real-World Data

What You Should Know:  - Flatiron Health, a provider of real-world data (RWD) for cancer care, and the National Comprehensive Cancer Network® (NCCN®), an alliance of top cancer centers, have announced a renewal of their long-standing collaboration.  - This decade-long partnership, dating back to 2014, focuses on leveraging RWD to improve cancer care and research. The Power of Real-World Data in Cancer Care Real-world data offers a valuable window into the realities of
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ModMed & Medtronic Integrate to Enable AI-Assisted Colonoscopies

by Syed Hamza Sohail 04/11/2024 Leave a Comment

ModMed & Medtronic Integrate to Enable AI-Assisted Colonoscopies

What You Should Know Practice technology leader and EHR pioneer ModMed® announced today that it will collaborate with Medtronic, the world’s largest medtech company, to enhance the documentation of polyp detection by utilizing the AI capabilities of the GI Genius system sold by Medtronic.Medtronic has publicly stated a goal of supporting gastroenterologists in detecting lesions in the colon that could lead to one of the deadliest and most preventable forms of cancer. ModMed supports
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Tower Health Selects Ensemble Health to Outsource Revenue Cycle Operations

by Syed Hamza Sohail 04/11/2024 Leave a Comment

ower Health Selects Ensemble Health to Outsource Revenue Cycle Operations

What You Should Know: Tower Health and Ensemble Health Partners (Ensemble), the market leader in end-to-end revenue cycle outsourcing for mid-sized to large healthcare organizations, announced today that they will enter into a strategic partnership for the management of all revenue cycle operations.This partnership will allow Tower Health’s hospitals and physician practices to focus on delivering exceptional care in their communities while Ensemble manages day-to-day revenue cycle
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J.D. Power Study: 32% of Health Insurance Websites & Apps Lack Basic Functionality

by Fred Pennic 04/10/2024 Leave a Comment

32% of Health Insurance Websites & Apps Lack Basic Functionality

What You Should Know:  - A new study by J.D. Power reveals significant shortcomings in the digital experiences offered by health insurance providers in the United States.  - The J.D. Power U.S. Healthcare Digital Experience Study found that a surprising 42% of insured adults have encountered problems using their health insurance company's website or app in the past year. Health Insurance Digital Tools Fall Short for Millions The inaugural J.D. Power U.S. Healthcare Digital
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