A woman is charged $22,000 for stitches and scar repair after being bitten by a dog. A man gets hit with a $30,000 bill for ACL reconstruction surgery. People around the country receive Covid-19 test bills ranging from a few dollars to more than $1,000—and to make things worse, they aren’t supposed to receive a bill, anyway.
Surprise billing in healthcare is a nightmare, and it happens all the time. It takes a severe emotional toll, as well as a monetary one. Nearly 30 million Americans
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Health IT | News, Analysis, Insights - HIT Consultant
Telemedicine: What Slows Down the Healthcare of the Future
The implementation of remote healthcare — telehealth services — reformed medicine. The infamous pandemic accelerated the growth of the already substantially expanding industry. With the skyrocketing investment in virtual care, new legal regulations that expand the possibilities of remote healthcare, the telehealth industry is predicted to expand from $3 billion to $250 billion.
Yet, many barriers are hampering telemedicine’s success. This article explores the challenges of telemedicine and
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8 Key Healthcare Revenue Cycle Benchmarks to Increase Productivity
What You Should Know:
- AKASA™, an automation company for healthcare revenue cycle management, released a report titled, “New Productivity Benchmarks For The Healthcare Revenue Cycle" that includes the first-ever publication of the average time it takes health system staff to complete critical tasks within revenue cycle operations based on AKASA’s proprietary data.
- These revenue cycle management benchmarks are some of the first for the revenue cycle industry and accurately forecast how
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Cerner/Livongo Exec Joins Quantum Health, UPMC, Other Executive Appointments
Quantum Health, the industry leader in healthcare navigation and care coordination, announced that Zane Burke has joined the company as chief executive officer and member of the company’s Board of Directors. Prior to Quantum Health, Burke most recently chief executive officer of Livongo Health Inc. Burke assumes the role from Quantum Health founder and chief executive officer Kara Trott, who continues in her leadership role as Board Chair and will assist in a seamless transition.
Healthcare
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Healthcare Automation Most Urgent Need to Improve Patient Care, Report Finds
What You Should Know:
Half of the healthcare administrative staff report seeing an increase in the amount of manual data entry in the past 12 months — and 92% of clinicians agree that too much time spent on administrative tasks is a major contributor to healthcare worker burnout. This and other findings are revealed in the new Internet of Healthcare Report, produced by independent research firm Wakefield Research on behalf of Olive. The report uncovers how 1,700 patients, healthcare
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Leveraging Technology to Optimize Staffing Shortages Post-Pandemic
Chronic understaffing and nurse burnout are two of the greatest and long-standing challenges within the healthcare industry. As a result of the pandemic, these challenges were acknowledged more than ever before. Pre-pandemic research highlighted the fact that the nurse vacancy rate in the United States was 9% at the start of 2020, while the average turnover of bedside nurses was 17%. These trends have only accelerated during COVID-19 and during this period of transitioning into a new normal.
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Sorcero Raises $10M for AI-Powered Medical Language Intelligence Platform
What You Should Know:
- Sorcero, a provider of medical and technical Language Intelligence (LI), today announced the close of a $10M Series A financing round led by CityRock Venture Partners and Harmonix Fund. The round also included participation from Rackhouse, Mighty Capital, and Leawood VC, and joining previous investors, Castor Ventures and Worldquant Ventures, to support the increasing demand from new and existing customers.
- Sorcero’s Language Intelligence platform combines the
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Intermountain and SCL Health Announce Merger to Form 33-Hopsital System
What You Should Know:
- Intermountain Healthcare and SCL Health, two leading nonprofit healthcare organizations, have signed a Letter of Intent to merge and create a model health system that provides high-quality, accessible, and affordable healthcare to more patients and communities in Utah, Idaho, Nevada, Colorado, Montana, and Kansas. The intention is that a definitive agreement will be finalized and signed by the end of 2021.
- The pending merger will employ more than 58,000
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Reimagining Patient Support Through Digital Peer Coaching Programs
Studies have found that social connectedness is so critical to human life that loneliness is more dangerous than obesity and isolation can increase mortality by 30%. Peer support, which is a system of giving and receiving help from others with a shared experience, not only increases social connectedness but also creates opportunities for participants to connect with their peers and exchange practical tips for how to overcome the challenges they face in the course of their daily lives.
Within
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CVS Caremark Expands Efforts to Tackle Health Disparities
What You Should Know:
- CVS Caremark announced an expansion of its efforts to address health disparities among patients, starting with certain conditions including sickle cell disease, HIV, and cardiovascular disease.
- CVS Caremark is working with its clients to create health equity strategies for PBM members with certain conditions that disproportionately affect patients of color. The company will also use its broad reach and collaborate with community partners to determine the
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