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Health IT | News, Analysis, Insights - HIT Consultant

Rising Healthcare Costs Tops Reason Patients Defer Healthcare

by Syed Hamza Sohail 11/07/2022 Leave a Comment

Rising Healthcare Costs Tops Reason Patients Defer Healthcare

What You Should Know: - Cost concerns increasingly outweighed worries about the pandemic as the top reason Americans deferred healthcare, according to a new study by Qualtrics, the leader and creator of the experience management category.  - Between 2020 and 2022 the share of consumers deferring care because of pandemic-related health concerns decreased by 11 percentage points from 28% to 17% while the share of consumers deferring care because of cost concerns grew by four percentage
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How to Prevent a Healthcare Staffing Crisis

by Eric Ly, Co-Founder & CEO of KarmaCheck 11/07/2022 Leave a Comment

How to Prevent a Healthcare Staffing Crisis

The Covid-19 pandemic scrambled the business models and labor-market dynamics for many industries, but probably none as dramatically and directly as healthcare. Incredible, sustained demand coupled with regional disparities, political complications, and cultural challenges have left the healthcare industry on life support, especially regarding staffing. Healthcare workers are burned out and are quitting in huge numbers. Two-and-a-half years of relentless patient need, an inadequate workforce,
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Why The Stakes are Higher for Hospitals When It Comes to Data Loss & Inadequate Storage Infrastructure

by James Loveday, Healthcare Specialist at Loadbalancer.org 11/07/2022 Leave a Comment

James Loveday, Healthcare Specialist at Loadbalancer.org

According to the World Economic Forum, hospitals produce around 50 petabytes of data per year. And with 6,039 hospitals in the US alone, that amounts to a sizeable amount of data requiring secure storage. Data consists not only of confidential patient medical records but also of operational data retained by US hospitals such as personal and financial information.  This ever-increasing amount of patient data and growing risks associated with its loss, mean the stakes have therefore never been
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KLAS Report Reveals EMR Functionality & Value Top of Mind for Small Practices

by Syed Hamza Sohail 11/04/2022 Leave a Comment

KLAS Report Reveals EHR Functionality & Value Top of Mind for Small Practices

What You Should Know: - A new report by KLAS provides the latest view on how the major vendors in this market perform and which ones stand out in the areas that small practices (2–10 physicians) care about most. - Small practices provide a significant amount of outpatient care in the US, and their needs differ from those of their larger counterparts. When it comes to EMR/PM technology, these practices expect up-to-date functionality, steady product performance, solid implementation and
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Forrester Unveils 5 Healthcare Predictions for 2023

by Syed Hamza Sohail 11/04/2022 Leave a Comment

Forrester Unveils 5 Healthcare Predictions for 2023

What You Should Know: - A new dawn is on the horizon in healthcare. Equipped with new digital capabilities and pressured by new consumer expectations for personalized, convenient experiences, healthcare organizations face a predicament — act now and stay afloat, fail to act and get consumed by the competition, or risk financial ruin. - Market research leader Forrester’s latest report explores 5 key predictors for healthcare in 2023. Healthcare in the Era Post-Covid COVID-19
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M&A: Smile Digital Health Acquires Alphora

by Syed Hamza Sohail 11/04/2022 Leave a Comment

M&A: Smile Digital Health Acquires Alphora

What You Should Know: - Smile Digital Health, a FHIR® health data fabric and exchange solutions provider, announced that it has acquired Alphora, a market leader in Clinical Quality Language (CQL) that provides tooling and services to unlock clinical reasoning, decision support and other quality metrics capabilities. - As a result of the acquisition, Smile Digital Health customers now have access to Smile Alphora, the company's new clinical reasoning capability that leverages its Fast
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Debunking 3 Common Myths About Healthcare Revenue Cycle Partnerships

by Gary Long, EVP & CCO at R1 RCM 11/04/2022 Leave a Comment

The healthcare industry is facing unprecedented challenges, including severe labor shortages. According to a recent study, more than nine in 10 health systems and physician groups are experiencing a workforce shortage in revenue cycle management (RCM), with many of those reporting vacancies in over half of their RCM roles. This is one of the many reasons why there has never been a better time for health systems to think outside the box for solutions, including an RCM partnership. Often, when
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Transcarent Selects Prescryptive Health to Power Integrated Pharmacy Experience

by Jasmine Pennic 11/04/2022 Leave a Comment

Transcarent Selects Prescryptive Health to Power Integrated Pharmacy Experience

What You Should Know: - Transcarent and Prescryptive Health announced today a partnership to provide the industry’s most immersive, intelligent, and individualized pharmacy care experience. - Transcarent Pharmacy Care empowers Transcarent Members and their families with an entirely different consumer-directed experience that truly transforms their health and care journey and provides, for the first time, employers and health systems with maximum control over their formulary, benefit
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AI ‘s Role in Drug Discovery: Separating the Hype from the Hope

by Jonathan Montague, President & CEO at HotSpot Therapeutics 11/03/2022 Leave a Comment

Jonathan Montague, President & CEO at HotSpot Therapeutics

Forecasting the influence that artificial intelligence (AI)/machine learning technologies will have on the future of healthcare has created a cottage industry in the hype. From the overzealous aspirations of IBM’s Watson Health initiative to the inclusion of AI on Gartner’s 2021 Hype Cycle at the “Peak of Inflated Expectations,” so much noise has been made around AI/machine learning in healthcare that it can be difficult to appreciate the current impact of these technologies on drug discovery,
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Report: Virtual Care Still in ‘Wild West’ Days Sparking Confusion, High Optimism, Investment

by Syed Hamza Sohail 11/03/2022 Leave a Comment

Report: Virtual Care Still in ‘Wild West’ Days Sparking Confusion, High Optimism, Investment

What You Should Know: - A new "State of Virtual Care" report by Omada Health and Digital Medicine Society, in collaboration with Rock Health, reveals that buyers today are inundated with vendors labeling themselves “virtual care providers,” regardless of the care model they’re selling. This phenomenon is blurring their perception of V1C’s potential impact, and what that means for improvements in healthcare delivery and outcomes. - V1C solutions like Omada Health are changing the market,
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Tebra Secures $250M to Challenge Legacy EHRs with AI-Powered Automation

AstraZeneca Selects Salesforce Agentforce Life Sciences to Deploy AI-Powered Global Customer Engagement

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GE HealthCare Acquires Intelerad for $2.3B to Create Cloud-First, AI-Enabled Imaging Ecosystem

GE HealthCare Acquires Intelerad for $2.3B to Create Cloud-First, AI-Enabled Imaging Ecosystem

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