What You Should Know:
- Abridge, the leading force in generative AI for clinical documentation, announced today a staggering $150 million Series C funding round led by Lightspeed Venture Partners. The funding also includes participation from new and existing investors like Redpoint Ventures, IVP, Spark Capital, Union Square Ventures, Bessemer Venture Partners, Wittington Ventures, Mass General Brigham Artificial Intelligence and Digital Innovation Fund (AIDIF), Kaiser Permanente Ventures, and
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Health IT | News, Analysis, Insights - HIT Consultant
7 Digital Transformation Mistakes Made In Healthcare
The digital health market is projected to grow at a compound annual rate of approximately 25% from 2019 to 2025, according to NASDAQ. Needs for digital projects and initiatives have never been higher.
However, investments in the sector, including in digital tech, have remained under tremendous scrutiny since the pandemic. As this trend continues in 2024, it’s more important than ever for digital healthcare professionals to scrutinize their roadmaps and strategies. They must exercise caution
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Bridges Health Partners Highmark BCBS Form Commercial Value-Based Care Agreement
What You Should Know:
Bridges Health Partners LLC (Bridges), a Clinically Integrated Network, and Highmark Blue Cross Blue Shield (Highmark) entered into a multi-year Value-Based Agreement for Highmark’s Commercial membership in Western Pennsylvania.The agreement is designed to improve the health of Highmark’s members by providing accessible, high quality, cost effective, patient centered care through member collaboration and innovation. This agreement builds on the successful
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Only 37% of Medical Practices Receive Value-Based Care Payments, Black Book Survey Reveals
What You Should Know:
- While the shift towards value-based care (VBC) is underway, a recent Black Book survey reveals that only 37% of medical practices are currently receiving payments from upside-risk arrangements and shared savings, while 12% receive payments from full risk.
- This leaves a significant portion, over 50%, still relying on traditional Fee-For-Service models.
Healthcare Providers Seek Guidance in VBC Transition
The survey also highlights the increasing demand for
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SCAN Foundation, Dandelion Health Partner to Advance Algorithmic Equity for Older Adults
What You Should Know:
The SCAN Foundation (TSF), an independent public foundation that catalyzes bold and equitable approaches to how older adults age in both home and community, today announced it has entered into a public-private partnership with technology innovator Dandelion Health to advance algorithmic equity for older adults, especially for historically marginalized populations.The partnership will expand Dandelion’s algorithm validation offering to include social
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CPSI Rebrands as TruBridge, Unifying Solutions for a Streamlined Future in Healthcare
What You Should Know:
- CPSI (NASDAQ: CPSI) announced a strategic rebranding, transitioning to TruBridge, Inc. ("TruBridge") effective March 4, 2024.
- The rebrand reflects a commitment to streamlining its offerings, strengthening its market presence, and driving future growth by creating a unified identity.
A Unified Vision for Healthcare Solutions
The new name, TruBridge, reflects the company's commitment to building a bridge between efficient financial management and quality
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Axle Health Secures $4.2M to Combat Home Healthcare Staffing Shortage
What You Should Know:
- Axle Health, a provider of scheduling and workforce management software for home healthcare, today announced the closing of an additional $4.2M in seed funding, bringing its total raised to $4.4M.
- This latest round, led by TRAC VC with participation from existing investor Pear VC, will fuel Axle's mission to address the critical staffing shortage in the home healthcare industry through innovative technology solutions.
Optimizing Care Delivery and Reducing
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Prior Authorization and Interoperability – Changing the Dynamics of Medicare
CMS and Medicare are trying to change the dynamics of American healthcare. No need to rehash the well-known issues but what is new is the change in the hotspot. For the last 20 years, Medicare Fee for Service has been the hotspot of spending and value. You’ve heard the mantra (which dates at least as far back as 1906 with George Bernard Shaw’s play, “The Doctor’s Dilemma”). If you pay a set rate the medical establishment has an incentive to increase volume. Now fast forward to today and Medicare
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93% of Physicians Feeling Burned Out, Overburdened, and Hopeful for AI Solutions
What You Should Know:
- 93% of physicians are experiencing regular burnout, spending an average of 15 extra hours per work outside normal hours, according to athenahealth’s latest Nationwide Physician Sentiment Survey.
- The athenahealth Physician Sentiment Survey provides valuable insights into the current state of American healthcare. Addressing the challenges highlighted in the survey is crucial to ensuring the well-being of both doctors and patients, while harnessing the potential of
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XiFin Appoints Erik Sallee as Chief Financial Officer & EVP
What You Should Know:
- XiFin, Inc., a pioneering force in healthcare information technologies, has announced the appointment of Erik Sallee as its new Chief Financial Officer (CFO) and Executive Vice President.
- With a wealth of experience in finance and a track record of success in leading organizations through transformative growth phases, Sallee's arrival marks a significant milestone for XiFin as it charts its course towards enhanced operational efficiency and market
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