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Health IT | News, Analysis, Insights - HIT Consultant

M&A Analysis: Getinge Expands Digital Solutions Through Acquisition of Talis Clinical LLC

by Kelly Patrick, Principal Analyst at Signify Research 01/27/2022 Leave a Comment

M&A Analysis: Getinge Expands Digital Solutions Through Acquisition of Talis Clinical LLC

 In December 2021, Getinge announced its plans to acquire 100% of the equity interest in US-based Talis Clinical LLC. Talis Clinical LLC provides high-acuity IT software platforms. - Talis Clinical was founded in 2013 by Gary Colister (CEO) and Roger Hungerford (Chairman).  - Talis Clinical’s software applications include Critical Care, Cardiac Surgery/Perfusion, Extracorporeal Membrane Oxygenation (ECMO), Anaesthesia and Labour & Delivery. - Getinge has a comprehensive
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Recruitment Costs, Long Hiring Timelines Negatively Impact Healthcare Finance Teams

by Jasmine Pennic 01/26/2022 Leave a Comment

Recruitment Costs, Long Hiring Timelines Negatively Impact Healthcare Finance Teams

What You Should Know: - AKASA, a developer of AI for healthcare operations, today released findings from a new survey highlighting the challenges hospitals and health systems are facing within the revenue cycle as the Great Resignation drives higher staff turnover, and skilled workers leave healthcare for higher-paying jobs in other industries like retail or logistics - Commissioned by AKASA, the survey fielded responses from 514 chief financial officers and revenue cycle leaders at
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emids Acquires Cloud Development Resources to Create Low-Code Development Practice

by Fred Pennic 01/26/2022 Leave a Comment

emids Acquires Cloud Development Resources to Create Low-Code Development Practice

What You Should Know: - emids, today announced the acquisition of Cloud Development Resources (CDR), a leading provider of low-code, enterprise-grade business solutions and services on the OutSystems platform for some of the country’s leading and largest healthcare and life sciences companies. - OutSystems is the pioneer in low-code development, and this partnership with emids creates the healthcare industry’s first dedicated low-code development practice. Financial terms of the deal were
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6 Healthcare Cybersecurity, Ransomware Predictions to Watch in 2022

by Fred Pennic 01/26/2022 Leave a Comment

Protecting Medical Device Security in the Age of Ransomware

We reached out to six healthcare executives for their trends and predictions on healthcare cybersecurity and ransomware to watch in 2022. Milan Shah, Chief Technology Officer of Biofourmis Cyberattacks on hospitals and health systems will continue their rapid pace in 2022, but as more providers launch hospitals at home and remote patient management programs and the technology has to traverse enterprise firewall boundaries, it provides attackers an extensive new surface area to attack.
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Nurse Burnout Even Bigger Challenge Than Physician Burnout

by Dr. John Ciccone, Chief Medical Officer, DSS, Inc. 01/26/2022 Leave a Comment

Nurse Burnout Even Bigger Challenge Than Physician Burnout

The pandemic has pushed nurses to the brink. A recent survey by the American Nurses Association reports 51 percent of nurses feel overwhelmed, 76 percent report exhaustion and burnout, and nurse-to-patient workloads have tripled. (Jan. 2021). Hospitals function on the back of nurses, and the current burnout levels cannot be sustained. In addition to the pandemic, Electronic Health Record (EHR) systems share a big part of the blame. EHRs were introduced to the health care
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Critical Medical Device Risks Continue to Threaten Hospital Security & Patient Safety

by Jasmine Pennic 01/25/2022 Leave a Comment

Critical Medical Device Risks Continue to Threaten Hospital Security & Patient Safety

What You Should Know: - After a year of unprecedented ransomware attacks on hospitals and healthcare systems – and with healthcare now the #1 target for cybercriminals – critical medical device risks in hospital environments continue to leave hospitals and their patients vulnerable to cyber-attacks and data security issues. - New data released by Cynerio, a leading provider of healthcare IoT cybersecurity and asset management, in its 2022 State of Healthcare IoT Device Security Report
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Clamping Down on Upcoding Risk: 3 Steps to Ensure Proper Payment & Compliance

by Ritesh Ramesh, Chief Operations Officer, Hayes 01/25/2022 Leave a Comment

Clamping Down on Upcoding Risk: 3 Steps to Ensure Proper Payment & Compliance

A recent report from the HHS Office of the Inspector General (OIG) turned heads across the healthcare industry after pointing to a notable rise in inpatient hospital stays where upcoding was believed to be the culprit. Compliance professionals who have been in the healthcare industry any length of time know what's next: targeted billing reviews by the Centers for Medicare and Medicaid Services (CMS) around hospital stays that are vulnerable to upcoding. More
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M&A: Babylon Acquires Patient Engagement Solution DayToDay Health

by Fred Pennic 01/21/2022 Leave a Comment

M&A: Babylon Acquires Patient Engagement Solution DayToDay Health

What You Should Know: - Babylon (NYSE: BBLN) acquires patient engagement platform DayToDay Health (“DayToDay”) to provide Babylon members with DayToDay’s digital-first, highly engaging programs and clinical services prior to and following scheduled surgeries, major health events like childbirth, and following diagnosis of chronic conditions. - Financial details of the acquisition were not disclosed. Enhancing Lives by Guiding Patients with Individualized Care Although almost all
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CVS Health, Uber Health Collaborate to Advance Health Equity in Communities Nationwide

by Jasmine Pennic 01/21/2022 Leave a Comment

CVS Health, Uber Health Collaborate to Advance Health Equity in Communities Nationwide

What You Should Know: - CVS Health (NYSE: CVS) announced a collaboration with Uber Health, Uber's healthcare arm, to provide free transportation through a new Health Zones initiative to people who need it most when seeking access to medical care, work, or educational programs. - CVS Health and Uber Health will help eliminate a critical barrier to care and overall well-being transportation which can limit a person's ability to receive medical care, to get to work or to job training and can
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3 Trends Impacting the Financial Health of Patients and Providers in 2022

by Srulik Dvorsky, CEO and Co-founder, TailorMed 01/21/2022 Leave a Comment

3 Trends Impacting the Financial Health of Patients and Providers in 2022

It's an unfortunate reality of our times: Healthcare in the United States has become increasingly unaffordable, challenging patients, providers, and pharmacies alike. One in 5 adults reported they can’t afford quality care. Uncompensated care hovers around $40B annually. The COVID-19 pandemic continues to strain the resources of our healthcare system. What lies ahead?  Against a backdrop of growing financial burden, these three trends tell the story of where healthcare affordability is
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