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Health IT | News, Analysis, Insights - HIT Consultant

Commons Clinic Launches $100M Center to Disaggregate MSK Care from Hospitals

by Fred Pennic 01/10/2024 Leave a Comment

What You Should Know: - Commons Clinic, a leading value-based physician group transforming musculoskeletal (MSK) care, today announced the launch of the Center for Spine Economics, Outcomes & Research (SEOR). - This landmark initiative marks a $100M commitment over the next decade to revolutionize ambulatory spine care delivery, paving the way for more effective, affordable, and patient-centered treatment. Spine Care in Crisis Millions of Americans suffer from chronic back pain, with many facing unnecessary surgeries and ineffective treatments. The Center for SEOR aims to address this crisis head-on by: - Championing motion preservation: Prioritizing minimally invasive and ultra-minimally invasive procedures, biologic treatments, and non-surgical interventions to protect patient mobility and long-term health. - Deconstructing the "surgery trap": Exposing the prevalence of low-value surgeries, often resulting in "failed back syndrome" and cascading costs. - Advancing evidence-based practices: Leveraging research and data to develop and implement high-value care models, supported by cutting-edge technology and transparent pricing. Center for SEOR’s Five-Pillar Approach The Center for SEOR will operate on five core pillars: 1. Center-of-Excellence for Spinal Restoration: Creating collaborative care teams equipped to deliver optimal results through specialized surgery centers and community clinics. 2. Technology Lab: Fostering innovation in surgical techniques, devices, and applications to improve outcomes and patient experience. 3. Payment Innovation Coalition: Developing new payment models and consumer advocacy policies to incentivize value-based care nationwide. 4. Research Institute: Publishing real-world evidence and open-source data to guide future advancements in spine care. 5. Post-Fellowship Training Program: Equipping the next generation of MSK physicians with the skills and knowledge to lead the future of spine health. "The Center for SEOR will illuminate a path forward," stated Dr. Bae, "equipping physicians with the tools and knowledge they need to move away from outdated hospital models and deliver high-value, patient-centered care," said Drs. Hyun Bae and Sanjay Khurana, Co-Chairs of the CSEOR.

What You Should Know: - Commons Clinic, a leading value-based physician group transforming musculoskeletal (MSK) care, today announced the launch of the Center for Spine Economics, Outcomes & Research (SEOR). - This landmark initiative marks a $100M commitment over the next decade to revolutionize ambulatory spine care delivery, paving the way for more effective, affordable, and patient-centered treatment. Spine Care in Crisis Millions of Americans suffer from chronic back pain,
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Innovaccer Launches AI Assistant to Reduce Clinical Burden

by Jasmine Pennic 01/10/2024 Leave a Comment

Innovaccer Launches AI Assistant to Alleveviate Clinical Burden

What You Should Know: - Innovaccer, a healthcare data platform, unveils Sara Scribe, an AI assistant poised to revolutionize healthcare documentation. - Sara Scribe, also known as InScribe, transcends the limitations of standard dictation software. This innovative tool uses advanced AI to not only transcribe doctor-patient conversations in real-time but also analyze them and deliver actionable insights, streamlining workflows and freeing up valuable clinician time. Beyond Transcription:
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Hospitals Show Signs of Recovery, But Growth Strategies Crucial for 2024 Success

by Fred Pennic 01/10/2024 Leave a Comment

Hospitals Show Signs of Recovery, But Growth Strategies Crucial for 2024 Success

What You Should Know: - A glimmer of hope shines through for hospitals, according to November data from Kaufman Hall's National Hospital Flash Report points to ongoing stabilization and even growth. - While the scars of the pandemic and economic challenges remain, key indicators suggest gradual recovery, with operating margins edging up and revenue streams climbing. Margins on the Rise, Though Gap Between Performers Persists The median calendar year-to-date operating margin index for
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Impact Advisors Acquires First Quadrant Advisory to Expand Payer Expertise

by Jasmine Pennic 01/10/2024 Leave a Comment

Impact Advisors Acquires First Quadrant Advisory to Expand Payer Expertise

What You Should Know: - Impact Advisors, a leading healthcare management consulting firm, announced today the acquisition of First Quadrant Advisory, a renowned specialist in strategy and operations consulting for the healthcare payer market. - This strategic acquisition strengthens Impact Advisors' commitment to delivering comprehensive, value-driven solutions for both payer and provider organizations, and further propels its mission to improve the business and delivery of
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Mayo Clinic, Techcyte Partner to Create AI-Powered Pathology Platform

by Fred Pennic 01/10/2024 Leave a Comment

Mayo Clinic, Techcyte Partner to Create AI-Powered Pathology Platform

What You Should Know: - Mayo Clinic Platformv and Techcyte have joined forces to revolutionize the field of pathology by creating a digital pathology platform. This platform aims to pioneer the next generation of pathology services through an open, AI-driven solution, enhancing treatment, efficiency, and accuracy globally. - By enabling healthcare organizations to economically digitize their pathology practices, the platform integrates innovative technical and AI workflow
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Quest Diagnostics & Ultima Team Up to Tackle MRD & Whole Genome Sequencing

by Syed Hamza Sohail 01/09/2024 Leave a Comment

Quest Diagnostics & Ultima Team Up to Tackle MRD & Whole Genome Sequencing

What You Should Know: Ultima Genomics, a developer of a revolutionary new ultra-high throughput sequencing architecture, and Quest Diagnostics, the nation’s leading provider of diagnostic information services, today announced a collaboration involving Ultima’s next generation sequencing (NGS) technology in oncology and other clinical areas.  Expanding Horizons in Cost-Effective Whole Genome Sequencing The collaboration aims to enhance patient access, affordability, and
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Cityblock Expands Access for High-Risk Medicaid Members in Ohio

by Fred Pennic 01/09/2024 Leave a Comment

Cityblock Expands Access for High-Risk Medicaid Members in Ohio

What You Should Know: - Buckeye Health Plan and Cityblock are teaming up to provide integrated, community-based care to approximately 10,000 underserved Medicaid recipients in the Cleveland-Akron-Canton area. - The strategic partnership promises to redefine healthcare delivery for vulnerable communities, prioritizing whole-person health and tackling barriers to access in Ohio. Building Bridges, Improving Outcomes Buckeye is a leading Ohio Medicaid managed care plan serving over
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How AI is Changing the Conversation Around Hospital Denials – and Improving Financial Implications in the Process

by Tanya Sanderson, RN, BSN, MBA, MHA, CLNC, Sr. Director of Revenue Integrity at XSOLIS 01/09/2024 Leave a Comment

How AI is Changing the Conversation Around Hospital Denials – and Improving Financial Implications in the Process

Of the many complexities within the healthcare industry, medical necessity determinations can be the most challenging – and pose one of the greatest barriers to efficient revenue cycle processes and appropriate reimbursement. Complex medical necessity policies that differ between payer, diagnosis, and presentation have muddled utilization review (UR) and revenue cycle processes for years, driving waste and friction between providers and payers that has only intensified since the pandemic. In
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Making Informed Decisions: What You Need to Know Before Hiring a Software Expert for a Healthcare Project

by Marcin Wudarczyk, PhD, CEO of GoSolve 01/09/2024 Leave a Comment

Making Informed Decisions: What You Need to Know Before Hiring a Software Expert for a Healthcare Project

Hiring professional software experts is crucial for business owners looking to develop or enhance their software systems. However, finding the right vendor is often a daunting challenge that may lead to long-term consequences.This article provides comprehensive guidelines on what healthcare business owners need to know before choosing the right software vendor. By understanding delivery models, the importance of checking references, and paying attention to the details that differentiate between
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Care Continuity Secures $10M to Turbocharge Patient Navigation

by Jasmine Pennic 01/09/2024 Leave a Comment

Care Continuity Secures $10M to Turbocharge Patient Navigation

What You Should Know: - Care Continuity, a leading provider of data-driven patient navigation solutions, has secured $10M in Series A-3 funding, fueling its mission to streamline healthcare journeys and optimize network utilization. The investment, co-led by Empactful Capital & Viewside Capital Partners with participation from Flat Creek Capital and Loop 289 Limited Partners, empowers Care Continuity to further enhance its platform and reach, impacting both providers and patients across
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