Health IT | News, Analysis, Insights - HIT Consultant
Olive Shutters Business After Sale to Waystar and Humata Health
What You Should Know:
- Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year.
- Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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Suki Expands Ambient AI at the Point of Care with 20+ New Practices
What You Should Know:
Suki, the leader in voice artificial intelligence (AI) technology for healthcare, today announces the expansion of its ambient clinical documentation solution to over 20 independent practices including Capital City Primary and Immediate Care, Silicon Valley Podiatry Group, Bay Area House Calls, Elite Foot and Ankle, Tinovus Health, and more.This news not only solidifies Suki as the leader in the space but showcases the growing demand for AI-powered tools that help
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PhaseV Raises $15M for ML-Driven Clinical Trial Optimization
What You Should Know:
PhaseV a pioneer in causal machine learning (ML) technology that optimizes clinical trial design and analysis, announced today that it has raised $15 million in funding, led by Viola Ventures and Exor Ventures, including participation from LionBird and a group of prominent angel investors.A recent Deloitte study estimates the average cost of developing a single new drug at $2.3 billion in 2022, with an average 7.1 year deployment time. Moreover, the vast
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Automation Fills Gaps Left by Revenue Cycle Talent Shortage
Healthcare providers are feeling the industry’s talent shortage in their administrative functions as well as clinical areas. One case in point: revenue cycle management. In a recent study, 63% of healthcare providers reported an inability to fill key revenue management roles. Reduced revenues and cash reserves are almost inevitable when providers don’t have sufficient staff to follow up on claims, manage appeals and help patients understand their financial responsibilities and
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HHS Proposes Rule to Establish Disincentives for Health Care Providers That Have Committed Information Blocking
What You Should Know:
- The U.S. Department of Health and Human Services (HHS) released a proposed rule for public comment that would establish disincentives for healthcare providers found by the HHS Office of Inspector General (OIG) to have committed information blocking – when a provider knowingly and unreasonably interferes with the access, exchange, or use of electronic health information except as required by law or covered by a regulatory exception.
- The proposed rule
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NextGen’s Mirth Connect Vulnerability Could Compromise Health Data
What You Should Know:
- Mirth Connect, by NextGen HealthCare, an open source data integration platform widely used by healthcare companies has been reportedly vulnerable that would allow cyberattackers to gain access compromise sensitive healthcare data. - The vulnerability, CVE-2023-43208 discovered a few months ago by IHTeam reveals versions prior to 4.4.1 are vulnerable to an unauthenticated remote code execution vulnerability. NextGen has updated Mirth Connect with an updated
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Weave Launches AI-Driven Voicemail Transcriptions for Healthcare Providers
What You Should Know:
Weave, a leading all-in-one experience platform for small and medium-sized healthcare practices, today announces the addition of AI-driven voicemail transcriptions to its Phones offering.Now available to Weave’s 27,000+ customers, Voicemail Transcription will enhance Weave Phones by automatically transcribing voicemails from patients, allowing for efficient, visible, and private reading experiences of voicemails. With this update, users will now see the voicemail
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Clinician Shortage Worsens Primary Care Crisis, Experts Reveal
What You Should Know:
– The U.S. has seen a consistent decline in primary care clinicians since 2014 due to fewer clinicians entering the workforce, increased rates of burnout and decreased direct patient care, according to the latest evidence report from the Primary Care Collaborative and Robert Graham Center.
- The report, Health is Primary: Charting a Path to Equity and Sustainability reveals the United States has seen a
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Autonomous Coding Highly Trusted by Healthcare Finance Pros, But Not Well Understood
What You Should Know:
- Autonomous coding enjoys a high level of trust among healthcare finance professionals who use or plan to use the technology, according to new survey from the Healthcare Financial Management Association (HFMA) on behalf of AGS Health.
- The survey reveals 45 percent of healthcare financial professionals indicate autonomous coding often works well and 16 percent place their complete trust in it. However, despite its emergence as a powerful tool for streamlining and
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