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Health IT | News, Analysis, Insights - HIT Consultant

Molina Healthcare Acquires Bright HealthCare’s California Medicare Business for $425M

by Fred Pennic 12/20/2023 Leave a Comment

Molina Healthcare Acquires Bright HealthCare's California Medicare Business for $425M

What You Should Know: Molina Healthcare (NYSE: MOH) has revised its agreement to acquire Bright HealthCare's California Medicare business, securing a discount of $85M on the initial purchase price. This revised deal, announced on December 13, 2023, reflects a continued commitment to the acquisition while offering Molina potential cost savings and increased value. The acquisition expands Molina's reach in the lucrative California Medicare market, adding roughly 250,000 members to their
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Patients Crave Conversational Texting, Frustrated by Simplistic Healthcare Communication

by Jasmine Pennic 12/19/2023 Leave a Comment

What You Should Know: - A new survey by Artera, a leader in patient communication technology, reveals a stark disconnect between how healthcare providers communicate and what patients actually want. - The findings, based on responses from over 2,000 patients, paint a picture of frustration and missed opportunities, with simple phone calls and one-dimensional text messages falling short of patient expectations. Communication Breakdown - Nearly half (45%) of patients have missed or forgotten a bill due to communication difficulties with their provider's office. - 43% report negative health impacts from communication challenges, including issues scheduling appointments or sharing crucial information. - A staggering 79% of patients want providers to offer text-based conversation on any topic, highlighting a desire for more convenient and accessible communication. Texting: A Double-Edged Sword - While 77% find automated text exchanges valuable, simplistic "yes/no" interactions dominate, frustrating 69% of patients who long for deeper conversations. - Two-thirds report incomplete text experiences, with 31% failing to achieve their goals at least half the time, often resorting to phone calls. - Technical glitches and unanswered messages further exacerbate the problem, with 62% experiencing error messages, invalid responses, or radio silence from providers "half the time" or more. Financial and Human Costs - Providers failing to meet communication expectations face financial consequences, as 59% of patients are willing to switch doctors due to poor communication. - Artera's research sheds light on the impact on healthcare workers as well, with a December 2022 report finding outdated communication strategies contributing to staff burnout. Guillaume de Zwirek, CEO and Founder of Artera, emphasizes the importance of patient-centric communication: "As a $4 trillion market, healthcare should offer unmatched customer experience. If patients can't communicate seamlessly, they won't engage, leading to a sicker population and more expensive care long term."

What You Should Know: - A new survey by Artera, a leader in patient communication technology, reveals a stark disconnect between how healthcare providers communicate and what patients actually want. - The findings, based on responses from over 2,000 patients, paint a picture of frustration and missed opportunities, with simple phone calls and one-dimensional text messages falling short of patient expectations. Communication Breakdown - Nearly half (45%) of patients have missed or
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Cox Health to Implement Epic Enterprise EHR, Replacing Cerner

by Jasmine Pennic 12/19/2023 Leave a Comment

CoxHealth Goes Epic: Embracing Innovation for Patients and Providers

What You Should Know: - CoxHealth, a healthcare system in southwest Missouri announced it will implement Epic enterprise EHR across its health system, replacing its long-time Cerner EHR system. - This strategic move signifies a commitment to delivering the highest standard of care while embracing cutting-edge technology to empower both patients and healthcare professionals. Unifying Workflows, Streamlining Care The move to Epic wasn't taken lightly. Following an extensive selection
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CoachCare Acquires Verustat to Expand Remote Patient Monitoring Reach

by Fred Pennic 12/19/2023 Leave a Comment

CoachCare Acquires Verustat to Expand Remote Patient Monitoring Reach

What You Should Know: - CoachCare, a leading remote patient monitoring (RPM) and virtual health company, has made its fourth acquisition in 12 months, snapping up Nashville-based Verustat for an undisclosed amount. - This strategic move further strengthens CoachCare's position in the rapidly growing RPM market, projected to reach $175.2 billion by 2027. Strengthening Focus on Chronic Conditions Founded in 2020, Verustat brings valuable expertise in primary care and cardiology, areas
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3 Compelling Reasons — Beyond the Law — to Expand Consumer Access to Personal Records

by Tom Liddell, Harmony Healthcare IT CEO 12/19/2023 Leave a Comment

3 Compelling Reasons — Beyond the Law — to Expand Consumer Access to Personal Records

Rules and regulations protecting consumer data often burden businesses, no matter your industry. Rigorous consumer protections bog down financial institutions, e-commerce companies and educational organizations. These safeguards become even more demanding as consumers and government agencies call for increased transparency and access to personal data.  Healthcare is no exception. Our industry has undergone several iterations of consumer data protection rules — starting in 1996 with
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KAID Health Secures $9M to Drive AI-Driven Healthcare Efficiency

by Fred Pennic 12/19/2023 Leave a Comment

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship platform, Whole Chart Analysis, leverages cutting-edge natural language processing (NLP) to unlock the true potential of electronic medical records (EMRs). Unlike traditional NLP solutions that focus on specific data points, KAID Health goes beyond, analyzing every available piece of information within a patient's chart, including notes, conditions, medications, and lab results. This comprehensive approach enables: • Improved coding accuracy and capture: KAID Health demonstrably boosts coding accuracy, ensuring providers receive proper financial compensation while improving data-driven decision-making. • Streamlined quality reporting: Effortlessly fulfilling complex quality reporting requirements, freeing up valuable time for clinicians. • Enhanced care management: KAID Health identifies key patient needs, facilitating proactive care interventions and optimizing clinical outcomes. Real-World Impact, Proven Results KAID Health's impact extends beyond theoretical promises. To date, the platform has already: • Revolutionized Medicare Advantage coding for large provider groups nationwide. • Simplified chart review for prior authorization and clinical trial enrollment. • Outperformed physicians in identifying surgical risks at a major medical center. "KAID Health continues to deploy technology that makes clinicians more efficient, translates that efficiency into more cost-effective care, and grows revenues," explained Kevin Agatstein, CEO of KAID Health. "By combining best-in-class, scalable, flexible, secure technology with deep clinical workflow and market expertise, we can partner with each customer to meet their informatics needs while alleviating chronic staff shortages."

What You Should Know: - KAID Health, the AI-powered healthcare solutions pioneer, has secured a significant $9 million in funding led by Activate Venture Partners, Martinson Ventures, Boston Millennia Partners, and Brandon Hull, alongside KAID Health's Board of Directors. - With this new funding, KAID Health plans to expand its reach to more providers and their payer partners and develop new service offerings. Unlocking the Power of Whole Chart Analysis KAID Health's flagship
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PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

by Fred Pennic 12/18/2023 Leave a Comment

PCA Rx & Cost Plus Drugs Partner to Transform Drug Pricing Transparency

What You Should Know: - PCA Rx and Cost Plus Drugs, are joining forces to tackle the longstanding issue of opaque and inflated drug pricing in the US healthcare system. - This landmark collaboration paves the way for greater transparency, accessibility, and affordability for employers and individuals nationwide. Prioritizing Drug Pricing Transparency By prioritizing transparency, this partnership empowers employers and members to make informed choices and fosters a more engaged
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Healthy Data Management: How IT Assists Healthcare Institutions

by Natalie Tkachenko, Healthcare Software Solutions Consultant at NIX 12/18/2023 Leave a Comment

Healthy Data Management: How IT Assists Healthcare Institutions

To obtain test results today, there's no need to visit the hospital. Simply open a mobile app and download the report to your smartphone. Doctors remotely manage patient data without being tied to a specific medical facility. They also handle large volumes of data effortlessly within their hospitals. This became possible thanks to electronic health records, telemedicine, and cloud solutions. However, along with advancements, challenges in digital healthcare are increasing. Let's discuss how to
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AHIMA Appoints Dr. Kevin Klauer as New CEO

by Executive Appointment 12/18/2023 Leave a Comment

What You Should Know: - The American Health Information Management Association (AHIMA) has appointed Dr. Kevin Klauer as its new Chief Executive Officer (CEO), effective January 8, 2024. - Dr. Klauer will succeed Amy Mosser, MBA, who served as interim CEO since June. Mosser, a critical member of AHIMA's executive team since 2019, will transition to the role of President of HCPro, LLC, a for-profit, wholly-owned subsidiary of AHIMA. Dr. Klauer Bio/Background Dr. Klauer's extensive
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The Limitations of 2D Barcodes for Surgical Documentation

by Shlomo Matityaho, Founder and CEO at IDENTI Medical 12/18/2023 Leave a Comment

The Limitations of 2D Barcodes for Surgical Documentation

As the healthcare sector embraces technology to tackle slow, time-consuming workflows, one task targeted for an innovation makeover is surgical supply data collection. The capturing of every reportable item used in surgery is vital from a patient safety and business perspective. In this article, we look at the evolution of surgical supply documentation tools - and in particular, assess the current transition from traditional 1D linear barcodes to 2D.  We investigate whether the
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