What You Should Know:
- Arcadia, a healthcare technology company, announced today the launch of its next-generation data platform powered by an open lakehouse architecture.
- By providing a robust, secure, and scalable data platform, Arcadia empowers healthcare organizations to leverage the power of big data, accelerate their digital transformation journey, and ultimately improve patient care.
Boosting Efficiency and AI Adoption
This new lakehouse-powered data platform boasts nearly
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Health IT | News, Analysis, Insights - HIT Consultant
Developing a Robust Data Strategy for Healthcare Organizations
Having a comprehensive data strategy is paramount in the healthcare sector. Data can be both a blessing and a curse for healthcare organizations, depending on how well they manage their data. On one hand, data is the key to unlocking personalized medicine, research breakthroughs, and effective population health management. On the other hand, data can be a major source of risk. Poor data security can compromise sensitive patient information, erode confidence in healthcare institutions, and lead
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DeepScribe and AWS Partner to Advance AI-Powered Medical Documentation
What You Should Know:
- DeepScribe, a pioneer in AI-powered medical documentation, today announced a collaboration with Amazon Web Services (AWS) aimed at accelerating the secure scaling of large language models (LLMs) within the healthcare sector.
- The strategic partnership will integrate AWS HealthScribe into DeepScribe's platform, fueling the development of even more advanced AI-assisted clinical documentation solutions.
Scale Generative AI in Healthcare
DeepScribe utilizes a
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Abridge Secures $150M to Expand GenAI, Partners with Yale New Haven Health System
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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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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