Healthcare technology venture capital firm, Flare Capital Partners, today announced the closing of its second fund, Flare Capital Partners II, L.P., with a total of $255 million in committed capital. The oversubscribed fundraise follows up its inaugural fund, which was raised in April 2015, and establishes Fund II as one of the largest, independent, dedicated healthcare technology venture capital investment funds. Evolving Healthcare Industry Demands Innovative Business ModelsThe U.S. healthcare
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Health IT | News, Analysis, Insights - HIT Consultant
Referential Matching—What It Is and Why It Matters for Providers
Clean patient data is the critical first step for any successful health IT integration, EHR conversion, interoperability initiative or electronic information exchange. According to a recent Pew Charitable Trusts report, most hospital executives and administrators believe the accuracy of patient matching when information is exchanged between organizations with different EHR systems is subpar.
Further, as health systems continue to consolidate and add more data to their networks, the importance of
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DrChrono EHR Adds AI-Powered Medical Notes Integration for Medical Practices
Electronic health record (EHR) provider DrChrono has announced an integration partnership with DeepScribe to enable medical practices DrChrono EHR can use AI to automate medical notes from physician appointments and integrate it right into their Electronic Health Record (EHR).EHR Integrated SOAP Notes for Medical PracticesDeepScribe uses advanced deep learning technology to generate accurate, compliant, and secure SOAP notes right within a practice’s EHR. Practices using DeepScribe have reported
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D2 Consulting Acquires Patient Engagement Company WorkUp
Life sciences consulting firm D2 Consulting, today announced it has acquired Brooklyn, NY-based patient engagement company WorkUp, Inc. The acquisition expands D2’s existing technology solutions, providing value-added support for clients, including manufacturers, specialty pharmacies, HUBs, payers, pharmacy benefit managers and integrated delivery networks.Founded in 2013 to support high maintenance patients, WorkUp’s patient engagement solution, Status improves operational efficiencies and
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Survey: 91% of Hospital Boards Rely Entirely on Consultants for IT Strategy
According to a Black Book survey of C-Suite executives, 91% of hospital boards rely entirely on consultants for IT strategy and advisement rather than the healthcare tech expertise of trustees. In a Q2 2019 poll of 494 C-Suite hospital executives, Black Book sought to identify the technology presence in the boardroom of hospital and health systems.How Tech-Savvy Is Your Hospital Board?The survey reveals over two-thirds of those surveyed had little to no significant tech expertise on their board
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ECG and Oncology Resource Consultants Merge to Expand Oncology Consulting Practice
ECG Management Consultants (ECG), a national healthcare consulting firm, announced the expansion of its oncology consulting practice through a merger with Oncology Resource Consultants (ORC). By acquiring the ORC, ECG continues to build on its commitment to excellence in client services and expanding its oncology advisory expertise.Founded in 1990, ORC has provided the oncology community with strategic cancer center and facilities planning, coupled with operations improvement and implementation
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ELLKAY Acquires X-link to Expand Healthcare Interoperability Footprint
ELLKAY, LLC, a provider of healthcare connectivity and interoperability solutions has acquired the assets of Tampa-based Legal Easy, Inc., including the industry-leading X-Link medical software interfacing solution. With the strategic acquisition, ELLKAY expands its healthcare footprint and empowers providers with an easier, more cost-effective way to achieve Promoting Interoperability (PI) objectives and quality measures. In addition, the acquisition strengthens ELLKAY’s core mission of
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3 Takeaways From The 2019 HIMSS & Health 2.0 European Conference
The HIMSS & Health 2.0 European Conference attracted over 2,600 delegates from 64 countries to Helsinki in June 2019. While there was a strong focus on healthcare in the Nordics, the conference brought with it a wide variety of vendors from across the globe all looking for new opportunities on the show floor. Our key takeaway – the goal to change mindsets in Europe towards how healthcare can be improved through the use of technology. We look at a few examples below, namely:- Developing
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ACS, Harvard Business School Institute to Develop Value Measurement Tool for Hospitals
Leaders from the American College of Surgeons (ACS) and Harvard Business School's (HBS) Institute for Strategy and Competitiveness are teaming up on a new partnership aimed at improving healthcare value. As part of the partnership, the two organizations will develop a value measurement tool to help hospitals and surgical practices improve patient outcomes while lowering the cost of delivering care.Need for Value Measurement Tools for HospitalsDuring the announcement on Capitol Hill on Thursday,
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Stanford, Sutter Health to Explore Joint Cancer Care Services in East Bay
Stanford Health Care and Sutter Health have signed a letter of intent to explore opportunities to jointly provide cancer care for patients and their families in the East Bay region of the San Francisco/Oakland metropolitan area. The intent of the collaboration is to increase access to high-quality cancer care for patients as close to home as possible by building on the strength of Stanford’s leadership in cancer care and clinical research, the Stanford Medicine network and Sutter’s integrated
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