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Health IT | News, Analysis, Insights - HIT Consultant

75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds

by Fred Pennic 11/02/2023 Leave a Comment

75% of Healthcare Organizations Hit by Ransomware Attacks, Sophos Survey Finds

What You Should Know:  - Cybercriminals have been highly successful in their ransomware attacks on healthcare organizations, according to a new survey conducted by Sophos. “The State of Ransomware in Healthcare 2023, report reveals nearly 75% of the surveyed healthcare organizations reported that their data was successfully encrypted by the attackers.  - In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their
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Amidst AI Promise, Health Information Workforce Shortages Persist: AHIMA Survey Revels

by Jasmine Pennic 11/02/2023 Leave a Comment

Amidst AI Promise, Health Information Workforce Shortages Persist: AHIMA Survey Revels

What You Should Know: - A new survey conducted by AHIMA reveals that 66% of health information (HI) professionals have experienced ongoing staffing shortages in their workplaces over the past two years. These shortages were notably prevalent in areas such as data quality, consumer health information, revenue cycle management, privacy, risk, and compliance, and data analytics. - The report, “Health Information Workforce: Survey Results on Workforce Challenges and the Role of Emerging
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Walmart Health Expands Affordable Access to Healthcare in Florida

by Fred Pennic 11/01/2023 Leave a Comment

Walmart Health Expands Affordable Access to Healthcare in Florida

What You Should Know:  - Today, Walmart Health announced it is entering into a relationship with both Ambetter from Sunshine Health, which provides insurance to individuals through the Florida health insurance marketplace, and Orlando Health, a private, not-for-profit network of community and specialty hospitals across Florida, through Care Coordination Agreements. - These collaborations will help Floridians gain access to affordable healthcare options with the type of convenience
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AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management

by Syed Hamza Sohail 11/01/2023 Leave a Comment

AdaptX Secures $10M for AI-Powered, Self-Serve Clinical Management

What You Should Know: - AdaptX, a self-serve clinical management solution company raises $10M in funding led by Cercano Management and included participation from notable entities, such as Memorial Hermann Health System, Morningside Ventures, and returning investors Founders' Co-op, Fortson VC, Star Equity, and WRF Capital. The company's focus is on using AI-driven technology to enable clinical leaders to make data-informed decisions and optimize patient care processes with a positive
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5G’s Role in Improving Quality and Reach of Healthcare

by Robin Manke-Cassidy, Director, Solution Marketing at Cradlepoint 11/01/2023 Leave a Comment

In the world of healthcare, new technologies aren’t just about being on the cutting edge of the latest trend. It’s about how technology can improve care and expand the reach of quality care through unprecedented methods. The latest 5G technologies, an increase in IoT devices, and the right network architecture create a perfect innovation combination for today’s healthcare sector. With faster speeds and more connected devices, healthcare professionals will be able to improve — and some already
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Michigan Health Centers Losing Almost $100 With Every Visit, Report Finds

by Jasmine Pennic 11/01/2023 Leave a Comment

Michigan Health Centers Losing Almost $100 With Every Visit, Report Finds

What You Shoud Know:  - Medicaid prospective payment rate for Michigan's federally qualified health centers (FQHCs) has not kept pace with the actual costs incurred to provide healthcare, resulting in a substantial reimbursement gap of $97.95 or 36.6% on every Medicaid patient visit, according to a new report released by The Michigan Primary Care Association (MPCA).  - The report, conducted by Health Management Associates, underscores the financial challenges faced by Michigan's
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Guardant Health, Flatiron Health Integrate Genomic Profiling Tests into OncoEMR® Platform

by Jasmine Pennic 10/31/2023 Leave a Comment

Guardant Health, Flatiron Health Integrate Genomic Profiling Tests into OncoEMR® Platform


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Olive Shutters Business After Sale to Waystar and Humata Health

by Fred Pennic 10/31/2023 Leave a Comment

Olive Secures $400M At A $4B Valuation to Support New Instant Claim Payment Solution

What You Should Know:  - Healthcare automation company Olive today announced it will shut down its business after selling its Clearinghouse and Patient Access business units to Waystar and its Prior Authorization business unit to Humata Health. Olive sold off its utilization management solution and business unit to Availity and business intelligence solution to BurstIQ earlier this year. - Founded in 2012, Olive is a developer of an artificial intelligence workforce, automated
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Suki Expands Ambient AI at the Point of Care with 20+ New Practices

by Syed Hamza Sohail 10/31/2023 Leave a Comment

Suki Expands Ambient AI at the Point of Care with 20+ New Practices

What You Should Know: Suki, the leader in voice artificial intelligence (AI) technology for healthcare, today announces the expansion of its ambient clinical documentation solution to over 20 independent practices including Capital City Primary and Immediate Care, Silicon Valley Podiatry Group, Bay Area House Calls, Elite Foot and Ankle, Tinovus Health, and more.This news not only solidifies Suki as the leader in the space but showcases the growing demand for AI-powered tools that help
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PhaseV Raises $15M for ML-Driven Clinical Trial Optimization

by Syed Hamza Sohail 10/31/2023 Leave a Comment

PhaseV Raises $15M for ML-Driven Clinical Trial Optimization

What You Should Know: PhaseV a pioneer in causal machine learning (ML) technology that optimizes clinical trial design and analysis, announced today that it has raised $15 million in funding, led by Viola Ventures and Exor Ventures, including participation from LionBird and a group of prominent angel investors.A recent Deloitte study estimates the average cost of developing a single new drug at $2.3 billion in 2022, with an average 7.1 year deployment time. Moreover, the vast
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