As hospitals and health systems continue to be stretched thin by negative operating margins, competitive pressures, and workforce shortages, decision-makers must do more with less and make strategic software investments to reduce costs and increase efficiencies in both the short and long term. Decision-makers agree that now is not the time to pull back on software investment: according to research from Bain & Company, 45% of providers have increased their software investments over the past
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Health IT | News, Analysis, Insights - HIT Consultant
Monopolization in Healthcare Could Affect Access to Quality Treatment
Consolidation and the threat of monopolization in healthcare are rising. The pharmaceutical industry has experienced a wave of accelerated consolidation since 2010. In 2019, the industry saw a record-breaking 1,276 pharmaceutical M&A’s, representing a total value surpassing $411 billion. Monopolistic practices within healthcare and pharmaceutical industries not only hurt a healthy economy, but they also ultimately limit patients’ choices when it comes to healthcare options, further eroding
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Podimetrics Director Talks Supporting Patients Living with SDoH Challenges
In an interview with HIT Consultant, Dr. Gary Rothenberg, Director of Medical Affairs at Podimetrics talks about how healthcare technology can help support a focus on social determinants of health (SDoH) to enhance the relationship between the patient and physician/care team.
How can health technology play a role in helping to address social determinants of health (SDOH) when it comes to diabetes care?
Dr. Gary Rothenberg, Director of Medical Affairs at Podimetrics: While I am a big
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Building a Better, Digitized Hospital Incident Command System
Plenty of crisis events and safety initiatives can and do, receive extensive attention and pre-planning from hospital officials, but the reality is that when an emergency incident unfolds, time is not always on the side of health facility leaders. Natural disasters, severe weather, mass casualty incidents, system malfunctions and pandemics can present with little to no warning and impact every area of a hospital or health center.
Regardless of the circumstances or the timing of an adverse
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Carrum Health Closes $45M Series B to Scale Oncology & Acute Surgical Care
What You Should Know:
Value-based healthcare platform Carrum Health today announced an oversubscribed $45 million Series B financing led by OMERS Growth Equity.The funding will be used to scale the company’s oncology and surgical care service lines for self-insured employers through Carrum Health’s Centers of Excellence network.
Surgery and cancer care have never been better.
Founded in 2014, Carrum Health is a value-based healthcare platform delivering higher quality care
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The End of One Health Crisis Must Not Lead to a New One
Three years after the World Health Organization declared COVID-19 a pandemic, the Public Health Emergency (PHE) enacted in the United States came to an end this May. As much as we would like to go back to normal, it seems that simply turning the page on the PHE without carrying forward what we learned during COVID-19 will leave millions of Americans scrambling for healthcare and disengaging from essential preventive health services. The result will have a devastating impact on those with chronic
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US Hospital EMR Market Share Growth Driven by Small Hospitals
What You Should Know:
EMR purchasing continued at a strong pace in 2022 and included a significant uptick in migrations and small-organization decisions. Improvements to clinician satisfaction, interoperability, and revenue cycle stability were the primary drivers.A new report by KLAS examines these and other trends in EMR purchases that occurred in the US from January–December 2022.
Analyzing US Hospital EMR Market Share 2023
Key insights are explained as follows:
Oracle
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Digital Health Executive Hires: Practice Better Appoints CEO, HHAeXchange, Intelerad, Tegria, Others
Practice Better announced that Kim Walsh will be stepping in as CEO and Nathalie Garcia, Co-Founder of Practice Better, will step into a new role as Chief Strategy Officer where she will continue serving Practice Better’s customers, employees, partners, and investors while supporting and advising Kim in her new role.
HHAeXchange has appointed Paul Joiner as Chief Executive Officer. The new CEO’s appointment also further advances HHAeXchange’s commitment to innovation in its product
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Roundups: 15 Recent Digital Health Strategic Partnerships
Titan Medical Inc. has entered into a license agreement with Intuitive Surgical, Inc., a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery (“RAS”), for an upfront payment of $7.5M in respect of certain intellectual property (“IP”) of Titan.
Under the Agreement, Titan has granted Intuitive a non-exclusive license to all of Titan’s IP, with the exception of the IP that is exclusively licensed to another party under a June 2020 license agreement.
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HHS, Advantus Health Partners Sign $1.2B Patient Experience Partnership
What You Should Know:
Advantus Health Partners and HHS announced an eight-year, $1.2 billion agreement designed to provide optimized productivity and expanded analytics capabilities that contribute to a high-quality and consistent patient experience.HHS serves 750+ customers worldwide and offers multiple services, including housekeeping, food, facilities, patient transport, healthcare technology management, and linen and laundry management.This strategic collaboration allows Advantus to bring
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