What You Should Know:
Sword Health, the world’s fastest-growing platform for treating pain, today announced Predict, the first AI engine using advanced machine learning to identify members who are up to 40x more likely to have surgery, more than 8 months before a decision has been made to operate, to help them avoid unnecessary and costly hip, knee, and back surgeries. With Predict, Sword can utilize a wide range of healthcare and demographic data to identify, engage and treat members
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Health IT | News, Analysis, Insights - HIT Consultant
Northwell Health Inks 7-Year Deal with Philips for Patient Monitoring
What You Should Know:
- Today, Northwell Health announced the 7-year agreement with Philips, which will allow the healthcare system to standardize patient monitoring, enhance patient care and improve patient outcomes while driving interoperability and data innovation. This system will allow Northwell to make use of innovative technologies as they evolve and give them the flexibility to scale their patient monitoring seamlessly in tandem with those new systems.
- This agreement
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Q1 2023 Digital Health Funding Reaches $3.4B Across 132 Deals
What You Should Know:
2023 started off with the hallmarks of a rebound year. While Q4 2022 signaled the tail end of the digital health funding cycle, January and February funding numbers began to suggest that sector investment was slowly but surely inching back upwards. Inflation was easing ever so slightly. Investors were rediscovering their confidence and launching new projects, signaling optimism in the sector, according to a new Rock Health report. However, recent news—the collapse of
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Siemens Partners with LeanTaaS on Hospital Operational Performance
What You Should Know:
- Siemens Healthineers and LeanTaaS have entered a strategic partnership to help health systems across the country achieve and sustain peak hospital operational performance.
- The Siemens Healthineers network can now deploy system-wide tools designed to optimize capacity supported by the powerful combination of LeanTaaS’ Artificial Intelligence (AI) and Machine Learning (ML) -based predictive and prescriptive analytics solutions and the enterprise-wide management
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HouseWorks Acquires Amedisys’ Personal Care Division
What You Should Know:
- HouseWorks LLC, a provider of personal care services in Massachusetts, New Hampshire, Pennsylvania, and Maine has acquired Associated Home Care, the Personal Care division at Amedisys, Inc. (NASDAQ: AMED), a leading provider of home health, hospice, and high-acuity care.
- HouseWorks, in partnership with eCaring, joins the Amedisys personal care network and forms a care coordination partnership to deliver comprehensive, seamless care to the communities both
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MEDITECH Taps IHM as Data Ally to Advance Health Equity
What You Should Know:
- MEDITECH today announced they have recognized the Institute for Health Metrics (IHM) as their data collaborator to support and accelerate health equity at hospitals across the country.
- Member hospitals will benefit from cleansed clinical data and data enhancement, including Social Determinants of Health (SDOH) data, and receive curated information and insight, as well as grant funding for health equity initiatives.
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Interoperability Platform Lyniate Rebrands as Rhapsody
What You Should Know:
- Global interoperability leader Lyniate has rebranded as Rhapsody in order to leverage the brand’s prestigious global recognition. Originally founded as Rhapsody in 2018, the company will continue to provide top-of-the-line interoperability solutions while maintaining its commitment to addressing data-sharing challenges and improving outcomes.
- Going forward, the company will use the Rhapsody brand for its suite of interoperability solutions and will
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Exec Hires: CitiusTech Appoints Rajan Kohli as CEO
What You Should Know:
CitiusTech Healthcare Technology Pvt. Ltd., announced that its Board of Directors has appointed Rajan Kohli, an experienced technology executive as Chief Executive Officer.Mr. Kohli joins CitiusTech from Wipro, a global leader in technology services and solutions, where he spent nearly three decades and was responsible for $6 billion in annual revenues.
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Medical Coding Market to Reach $15.3B by 2033, Report Finds
What You Should Know:
- The medical coding market is estimated to secure a valuation of $ 6.7B in 2023 and is estimated to rise to $15.3B by 2033 at a CAGR of 8.6% during the 2023 to 2033 forecast period, according to a new Future Market Insights report.
- The increasing availability of a large number of medical coding service providers and the rising adoption rate of advanced healthcare solutions like electronic health records (EHRs), revenue cycle management (RCM) software, and mobile
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Value-Based Administration Enables All VBC Network Stakeholders to Benefit
Despite holding the promise of delivering superior patient outcomes while lowering healthcare costs, many providers remain reluctant to embrace value-based care (VBC) reimbursement models. Progress toward VBC adoption hasn’t achieved its potential yet, hovering around 60% of all payment models from 2018 to 2021, with the remaining 40% comprised of traditional fee for service (FFS).
Though some providers simply are hesitant to abandon the FFS model that has served them well, others are leery
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