It’s a perfect storm of financial pressures facing healthcare provider organizations – from rising costs to labor shortages to constrained capacity – that stymies revenue growth. Growing challenges with payer payments only exacerbate these issues. According to a Kaufman Hall report, 73% of leaders surveyed said claims denials, which was the top revenue cycle issue in 2022, had increased in 2023.
The cost of denials is staggering. A recent data analysis revealed that providers spent nearly $20
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Health IT | News, Analysis, Insights - HIT Consultant
HealthVerity to Offer AnalyticsIQ Race & Ethnicity Data
What You Should Know:
- HealthVerity, the leader in synchronizing transformational technologies and real-world data (RWD) to advance the science, today announced a partnership with AnalyticsIQ, the leading provider of predictive people-based data.
- This partnership enables HealthVerity to provide clients with race and ethnicity insights on healthcare providers as an add-on to their Provider Diversity and Diagnosis
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Ascension Restores EHR Access Florida, Alabama, Austin Markets After Cyberattack
What You Should Know:
- Ascension announced it has restored EHR access in Florida, Alabama, and Austin markets affected by a recent cyberattack.
- Ascension anticipates completing EHR access across its entire network by June 14th. This will allow clinicians to access patient records seamlessly, mirroring the pre-attack workflow.
- Ascension Rx retail, home delivery, and specialty pharmacy sites are now fully operational. Healthcare providers can now transmit prescriptions
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Sword Health Secures $130M, Unveils AI Care Specialist “Phoenix”
What You Should Know:
- Sword Health, a pioneer in AI-powered healthcare delivery, announced a $130M financing round today bringing Sword's total funding to $340M and propelling the company's valuation to a staggering $3B– a 50% increase since its Series D round.
- This funding round, coupled with Sword's near-tripled revenue growth in the past year, unlocks exciting possibilities for the future. The company plans to leverage these resources to revolutionize healthcare delivery and
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Evolent Acquires Machinify’s AI-Driven Medical Authorization Solution
- Evolent Health, Inc. (NYSE: EVH), a leader in improving health outcomes for patients with complex conditions, announced today an agreement to acquire key assets from Machinify, including the exclusive license to their AI-powered platform, Machinify Auth.
- Additionally, certain Machinify employees will join Evolent. Both companies plan to establish a long-term services agreement to ensure smooth integration and ongoing platform development. This innovative technology aims to
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Keragon Launches Out of Stealth with $3M for AI-Powered Automation Platform
What You Should Know:
- Keragon, an AI-powered HIPAA-compliant automation platform for healthcare, is officially launching out of stealth. It is the first no-code workflow automation platform designed specifically for the US healthcare industry.
- Currently, it is used by practices and clinics, fast-growing digital health startups, all the way up to hospitals & NASDAQ-listed companies, across the 50 states.
Revolutionizing Healthcare Automation: The Keragon
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3 Pitfalls Hindering Your Success in Value-Based Care–and How To Avoid Them
Practicing healthcare is challenging, especially for those in patient-facing roles. Clinicians understandably prefer to focus more on delivering patient care and less on the administrative work that can come at the expense of face time with their patients. If you ask me, the root of the burnout in our healthcare system isn’t the large daily volume of patients—it’s the administrative tasks required for every patient. Even when organizations do a great job of streamlining internal workflows, each
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Waste Management Acquires Stericycle in $7.2B Deal
What You Should Know:
- Waste Management, Inc. (NYSE: WM) and Stericycle (NASDAQ: SRCL) announced today a definitive agreement for WM to acquire Stericycle for $62.00 per share in cash.
- This translates to a total enterprise value of approximately $7.2B, including Stericycle's net debt of $1.4B. The offer represents a 24% premium over Stericycle's 60-day volume-weighted average stock price before a potential sale was reported publicly.
Stericycle: A Leading Player in
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BD Acquires Edwards Lifesciences’ Critical Care Unit for $4.2B to Strengthen Smart Connected Care Portfolio
What You Should Know:
- Becton, Dickinson and Company (BDX: NYSE), a global leader in medical technology, announced today a definitive agreement to acquire Edwards Lifesciences' (EW: NYSE) Critical Care product group for $4.2 billion in cash.
- The strategic acquisition unlocks new opportunities for value creation and bolsters BD's portfolio of smart connected care solutions.
Critical Care: A Leader in Advanced Monitoring Solutions
The acquisition of Critical Care
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Mayo Clinic Taps UltraSight to Advance AI-Powered Ultrasound for Cardiac Care
What You Should Know:
- UltraSight, a leader in transforming cardiac imaging with artificial intelligence, announced a new collaboration with Mayo Clinic, a world-renowned medical center.
- UltraSight and Mayo Clinic will work together to develop algorithms for analyzing and interpreting cardiac ultrasound images captured using point-of-care ultrasound (PoCUS) devices. This collaboration seeks to create a comprehensive solution that provides decision support for healthcare
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