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Health IT | News, Analysis, Insights - HIT Consultant

US Hospital EMR Market Share Growth Driven by Small Hospitals

by Syed Hamza Sohail 05/30/2023 Leave a Comment

US Hospital EMR Market Share Growth Driven by Small Hospitals

What You Should Know: EMR purchasing continued at a strong pace in 2022 and included a significant uptick in migrations and small-organization decisions. Improvements to clinician satisfaction, interoperability, and revenue cycle stability were the primary drivers.A new report by KLAS examines these and other trends in EMR purchases that occurred in the US from January–December 2022. Analyzing US Hospital EMR Market Share 2023 Key insights are explained as follows:  Oracle
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Digital Health Executive Hires: Practice Better Appoints CEO, HHAeXchange, Intelerad, Tegria, Others

by Digital Health Executive Hires & Board Appointments 05/26/2023 Leave a Comment

Recent Digital Health Executive Hires & Board Appointments

Practice Better announced that Kim Walsh will be stepping in as CEO and Nathalie Garcia, Co-Founder of Practice Better, will step into a new role as Chief Strategy Officer where she will continue serving Practice Better’s customers, employees, partners, and investors while supporting and advising Kim in her new role. HHAeXchange has appointed Paul Joiner as Chief Executive Officer. The new CEO’s appointment also further advances HHAeXchange’s commitment to innovation in its product
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Roundups: 15 Recent Digital Health Strategic Partnerships

by Digital Health Strategic Partnerships 05/26/2023 Leave a Comment

Recent Digital Health Partnerships

Titan Medical Inc. has entered into a license agreement with Intuitive Surgical, Inc., a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (“RAS”), for an upfront payment of $7.5M in respect of certain intellectual property (“IP”) of Titan. Under the Agreement, Titan has granted Intuitive a non-exclusive license to all of Titan’s IP, with the exception of the IP that is exclusively licensed to another party under a June 2020 license agreement.
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HHS, Advantus Health Partners Sign $1.2B Patient Experience Partnership

by Jasmine Pennic 05/25/2023 Leave a Comment

HHS-Advantus-Health-Partners-Sign-1.2B-Patient-Experience-Partnership

What You Should Know: Advantus Health Partners and HHS announced an eight-year, $1.2 billion agreement designed to provide optimized productivity and expanded analytics capabilities that contribute to a high-quality and consistent patient experience.HHS serves 750+ customers worldwide and offers multiple services, including housekeeping, food, facilities, patient transport, healthcare technology management, and linen and laundry management.This strategic collaboration allows Advantus to bring
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UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

by Syed Hamza Sohail 05/25/2023 Leave a Comment

UNC Health to Pilot Epic, Microsoft’s Generative AI Tool

What You Should Know: UNC Health will participate as early adopters of Generative AI (Artificial Intelligence) tools through a program with Epic. It will be one of the initial few healthcare systems nationwide to do so.Epic and Microsoft announced a partnership in April to develop and integrate Large Language Models into Epic’s software. Building Strong Foundational IT Systems “We are incredibly excited that UNC Health’s work to build strong foundational IT systems and our existing
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AI Can Eliminate Surprise Bills, Improve Payment Integrity

by Michael Kim, Senior Vice President/CIO, MultiPlan 05/25/2023 Leave a Comment

How AI Can Eliminate Surprise Bills, Improve Payment Integrity

Anyone who receives a hospital, medical imaging, or outpatient surgery bill is usually surprised at the cost.  No matter the cost, how do they know the bill is correct? They don’t.  Incorrect medical bills have become so prevalent that organizations have started applying technologies like artificial intelligence (AI) and machine learning to reduce drastically high healthcare costs.  Consider what organizations as diverse as the Office of the Inspector General, Harvard
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M&A: Florence Acquires Virtual Care Solution Zipnosis

by Syed Hamza Sohail 05/24/2023 Leave a Comment

M&A: Florence Acquires Virtual Care Solution Zipnosis

What You Should Know: Florence,  an innovator in healthcare enablement software, announced today its acquisition of Zipnosis, an asynchronous-first virtual care solution that creates efficiency for clinicians while making quality care more accessible and affordable for patients. Through this acquisition, Florence will broaden its product offerings with synchronous and asynchronous virtual care and further their mission to create a consumer-centric interface that
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RedDress Raises $26M to Use Patients Own Blood to Heal Wounds

by Syed Hamza Sohail 05/24/2023 Leave a Comment

RedDress Raises $26M to Use Patients Own Blood to Heal Wounds

What You Should Know: RedDress, a personalized and autologous wound management solution created from patients' own blood, today announced that it has raised a $26 million Series D round with participation from ATHOS Biopharma GmbH, and other life science investors including Investors Group of HCS Capital and the Ragnar Crossover Fund.The new proceeds will support the increased adoption of its product suite, the establishment of global partnerships, and the expansion of RedDress’ proprietary
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H1 Partners with Michael J. Fox Foundation on Parkinson’s Research

by Syed Hamza Sohail 05/24/2023 Leave a Comment

H1 Partners with Michael J. Fox Foundation on Parkinson’s Research

What You Should Know: H1, the connecting force for global healthcare provider, clinical, science, and research information, today announced the world's largest nonprofit funder of Parkinson's research, The Michael J. Fox Foundation (MJFF), has selected its Trial Landscape solution to improve and transform its education and research initiatives.With nearly one million people in the United States and over six million people worldwide affected by Parkinson's disease
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Why Adopting Value-Based Care Models for Autism Care Is Imperative

by Daniel Etra, CEO and Co-founder, RethinkFirst 05/24/2023 Leave a Comment

Adopting Value-Based Care Models for Autism Care Is Imperative

We all know the stark reality: rates of mental illness, substance use, and developmental disorders continue to rise in the U.S. and estimates show that 1 in 44 children are diagnosed with autism spectrum disorder (ASD).  Add to that the ongoing efforts to reduce stigma and it’s no surprise that the increased demand is overwhelming existing resources.  Improvements in both the efficiency and effectiveness of care and treatment are critical in addressing the crisis. Doing so
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