What You Should Know:
- U.S. hospitals and health systems continued to experience tight margins in June, as rising expenses offset revenue and volume improvements—amid concern about the impact of the COVID-19 Delta variant—according to the latest issue of Kaufman Hall’s National Hospital Flash Report.
- The National Hospital Flash Report draws on data from more than 900 hospitals. Data from the report comes from Axiom’s Comparative Analytics from Syntellis
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Health IT | News, Analysis, Insights - HIT Consultant
4 Key Constraints Preventing Healthcare from Proper Cybersecurity
Healthcare was created to help people. So why is this industry the most heavily targeted by cybercriminals and ransomware attacks?
In the first half of 2020 alone, the Department of Health and Human Services saw a nearly 50% increase in the number of healthcare-related cybersecurity breaches. The COVID-19 pandemic forced the healthcare industry to operate at a level that it wasn’t prepared for, which meant emergency facilities were erected without proper security measures in place in order to
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WellSky Acquires Healthify to Enhance Social Determinants of Health
What You Should Know:
- Seamless coordination between providers, community-based organizations, and payers is the key to delivering value-based care at scale. To better connect providers, identify social determinants of health, search for social services, and coordinate care with community partners, WellSky has acquired Healthify. Financial details of the acquisition were not disclosed.
- Together, WellSky and Healthify will connect
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Cloud Technology and Healthcare Evolution: Microsoft in the Spotlight
In April, software giant Microsoft made a lot of headlines announcing its multibillion-dollar acquisition of Nuance, the cloud-based clinical intelligence developer best known to healthcare providers for its Dragon and PowerScribe speech-recognition products.
Business analysts and reporters zeroed in on impressive financial details and utilization potential for “ambient AI” technologies in health settings. But more than anything, the deal shows how serious Microsoft is about its healthcare IT
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Health Tech VC Firm Nina Capital Launches $47.4M Second Fund, Closes 5 Investments
What You Should Know:
- Nina Capital, a health tech venture capital (VC) firm, announced its last five investments of its first fund and the launch of its second fund, Nina Capital Fund II FCRE, with an investment goal of EUR 40 ($47.4M).
- Nina Capital was founded in 2019 with its inaugural fund, Nina Capital Fund I FCRE, which reached its maximum size of EUR 18 million (USD 21.3 million). In less than two years, Nina Capital has created an international portfolio of 23 companies in the
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3 Ways IoT is Empowering Modern Healthcare Industry Today
Today’s healthcare systems are nothing like their predecessors of even a decade ago, and their growth is due, in large part, to the rapid evolution of technology. In recent years, e-health—the digital services that make it possible to improve the well-being of individuals, whether to prevent, diagnose or treat illnesses—has grown exponentially, with estimates that it will reach $234.5 billion by 2023.
In order for e-health devices to demonstrate their full value, healthcare networks
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HealthLinc Deploys Greenway Telehealth to Expand Virtual Care Offerings
What You Should Know:
- Greenway Health, a leading health information technology services provider, announced an expanded partnership with HealthLinc, a nonprofit organization dedicated to improving health care for the residents of northern Indiana.
- A Greenway client for more than 10 years, the center will be leveraging Greenway Telehealth, the first tool in the company’s virtual care portfolio, to remove care delivery barriers, enabling greater provider productivity and improved patient
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Andor Health Joins athenahealth’s Marketplace Program to Orchestrate Virtual Health Experiences
What You Should Know:
- Andor Health, the company that harnesses machine and human intelligence to configure and orchestrate the way care teams connect and collaborate, today announced a partnership with athenahealth, Inc. through the company's Marketplace program.
- As part of the athenahealth® Marketplace, ThinkAndor® is now available to athenahealth's growing network of healthcare providers to configure discrete workflows to enable a wide range of virtual health
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Nym Health Raises $25M to Expand Automated Medical Coding Platform
- Today, Nym Health, a leader in explainable AI and automated medical coding, announced an additional $25M in funding, led by Addition brings the company’s total funding to $47.5M. Addition joins existing investors GV, Dynamic Loop Capital, Tiger Global, Bessemer Venture Partners, and Lightspeed, as well as angel investors Zach Weinberg and Nat Turner.
- The new investment will be used to scale product development and accelerate the rapid adoption of Nym's automated medical coding
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Infor Launches FHIR Server to Support Interoperability
What You Should Know:
- Infor, the industry cloud company, announced its FHIR Server, the company’s vision for helping healthcare organizations better leverage and analyze their data. Built on the latest web technologies, Infor FHIR Server is one of the most advanced, modern, and scalable FHIR servers commercially available.
- With the new solution, organizations can extend their EHR and clinical systems’ FHIR and API capabilities beyond their current limited support, streamline care
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