What You Should Know:
General Dynamics Information Technology (GDIT), a business unit of General Dynamics, announced today that it was awarded a $39M Medicaid Enterprise Benefit Management Services contract by the state of New Mexico to support its Human Services Department (HSD). The new contract has a four-year base period with four option years.Under the Benefit Management Services contract, the GDIT team will implement a key module of this New Mexico’s Medicaid Management
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Health IT | News, Analysis, Insights - HIT Consultant
Global Healthcare ERP Market to Reach $9.6B by 2031
What You Should Know:
The global healthcare ERP market is expected to reach $9.6 billion by 2031, expanding at a CAGR of 6.5% between 2021 and 2031, according to a recent report by Transparency Market Research Inc.The report reveals the rise in remote patient monitoring and telehealth after the COVID-19 peak driving significant opportunities for stakeholders in the global healthcare ERP industry.
Rising Global Demand for Healthcare ERP
Healthcare enterprise resource planning (ERP)
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Why Health Tech Firms Must Hire Chief Medical Officers
The health tech industry is driven by innovation and is constantly in a state of change. Yet it’s clear that post-pandemic investors and consumers are a lot less comfortable with decision-making that is purely made by technology gurus without senior medical expertise in the room.
From the outside looking in, it might seem obvious to have a medical officer on your leadership team, but research shows this is often not the case. According to CB Insights’ most recent ‘Digital Health 150’, it was
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Roundups: 18 Recent Strategic Digital Health Partnerships
care.ai, an advanced Smart Care Facility Platform partners with Samsung to bring the highest quality graphics and display to care settings, elevating the patient experience by transforming hospitals, nursing homes and care facilities with smarter, more responsive care environments. care.ai can deliver an elevated experience for both clinicians and patients by offering health systems integrated solutions combining care.ai's Smart Care Facility Platform with Samsung's healthcare-grade displays.
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Top 4 Clinical Data Ingestion Challenges for Provider Execs
What You Should Know:
Redox, a provider of healthcare interoperability – recently partnered with Sage Growth Partners to survey executives and technology decision-makers from over 100 large academic medical centers and multi-hospital health systems.The survey uncovered strategic cloud investment priorities for large healthcare organizations, including current and future use cases and desired business outcomes for cloud technology, as well as roadblocks to realizing those outcomes at scale.
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Emory Healthcare and DispatchHealth Partner to Offer In-Home Care to Patients in Metro-Atlanta
What You Should Know:
Emory Healthcare and DispatchHealth collaborate to offer patients a new option to receive convenient and safe follow-up and/or high acuity medical care in the comfort of their own homes. The collaboration is designed to improve access to health care and reduce the total cost of care for patients throughout Atlanta, Georgia and surrounding communities. Additionally, in collaboration with Emory Healthcare, DispatchHealth will supplement the health system's
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Value-Based Care Versus Fee-for-Service: Understanding the Key Differences in Healthcare Models
Value-based care and fee-for-service are two kinds of healthcare reimbursement models for pricing healthcare services. While the fee-for-service model is more traditional, the newer value-based care model has been gaining popularity in recent years.Historically, value-based care has been harder to implement in behavioral healthcare due to difficulty measuring outcomes—it isn’t as simple as physical health. But, lately, this has been changing with the help of technology. This has had an impact on
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Revenue Cycle: 3 Reasons Why Waiting for AI Adoption is Costly
Few can miss the increasing role of AI in healthcare. In revenue cycle management (RCM), the last few years have seen the emergence of new technologies for coding and billing. These tools take advantage of natural language processing, deep learning, and other advancements that enable results far superior to the rules-based robotic process automation of the prior generation.
For example, take medical coding. Healthcare providers have historically relied on teams of medical coders – people
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Report: Inaccurate Drug Discount Requests Reach Nearly $1B
What You Should Know:
Kalderos, a data infrastructure and analytics company, identified nearly $1B in inaccurate drug discount requests from 2016-Q1 2023 on its drug discount management platform.The report, titled "Mission Critical: Bringing drug discount stakeholders together so patients win," outlines Kalderos' vision for a new paradigm of cooperation among drug discount program stakeholders in which everyone benefits — particularly patients.
Rising Costs of Inaccurate Drug
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M&A: Apixio and ClaimLogiq Merge to Minimize Reimbursement Inaccuracies
What You Should Know:
Apixio announced it has completed its merger with ClaimLogiq, a healthcare technology business that delivers savings for health plans by reducing claim errors prior to payment. Together, the combined entity will be branded as Apixio.Together, the combination of Apixio and ClaimLogiq’s critical infrastructure, artificial intelligence, and proprietary healthcare data will accelerate the shift toward outcomes-based reimbursement models by reducing costs, minimizing
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