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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Health IT | News, Analysis, Insights - HIT Consultant
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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Family Physicians with Value-Based Payment Models Relieve Burnout
What You Should Know:
- Independent research reveals family physicians with 75% revenue derived from value-based payment models decrease burnout symptoms, according to a new study from Elation Health, and American Academy of Family Physicians (AAFP) Innovation Lab.
- The goal of the study, conducted by surveying 10 primary care practices of varying sizes, was to identify specific barriers and innovations required for mainstream adoption of value-based payment (VBP) models and their
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Barriers Preventing State Medicaid Agencies from Harnessing the Potential of AI
State Medicaid agencies are responsible for health services that touch the lives of every American, making the potential benefits of modern technology tools, such as artificial intelligence (AI) and machine learning (ML), enormous. However, despite the promise of increased effectiveness with the same or fewer resources, modernization, and digital transformation do not come easily - or naturally - to many of these agencies. Real and perceived fears in transitioning away from legacy,
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Hospital Leaders: Workforce Shortages Persist Amid Stabilization
What You Should Know:
- Hospitals and health systems are seeing some signs of stabilization and margin improvement, but challenges around workforce, expenses and patient access persist according to Kaufman Hall’s 2023 State of Healthcare Performance Improvement report.
- Kaufman Hall experts expect that it will be a slow climb for hospitals to return to the 3-4% operating margins that help ensure long-term sustainability. While staffing and capacity issues have clear
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