An often-referenced fact is that the U.S. spends more money on healthcare than any other nation. Experts estimate that the cost of waste in the U.S. healthcare system range between $760 billion to $935 billion, about 25% of all spending. One area with strong potential for waste reduction is the minimization of reshipments to clinics. Reshipping medications to clinics is not just a logistical issue—it’s a matter of patient care and, in some cases, saving lives. Clinics frequently report missing
Read More
Health IT | News, Analysis, Insights - HIT Consultant
AI and RCM Leader XiFin Receives New Investment, Appoints Jeff Margolis to Board
What You Should Know:
- XiFin, a leader in revenue cycle management (RCM) and billing solutions enhanced with embedded artificial intelligence (AI), today announced a new growth capital investment, as well as the addition of health IT innovator and futurist Jeff Margolis to its Board of Directors.
- The funding round builds on XiFin’s 19% year-over-year growth, driven by client adoption of its flagship next-gen platform, XiFin® Empower, and successful execution of compelling business
Read More
Joint Ai Secures $315K to Expand AI-Powered Triage Platform for Knee and Hip Arthritis
What You Should Know:
- Joint Ai, an AI-powered triage platform for patients with knee and hip arthritis, has received a $315,000 investment from the Richard King Mellon Foundation.
- The funding will accelerate technology development, deepen strategic partnerships, and broaden nationwide access to orthopaedic surgeons.
Funding from Richard King Mellon Foundation to Enhance Technology, Partnerships, and Access to Orthopaedic Care
Arthritis represents a growing challenge for the U.S.
Read More
Prominence Advisors Acquires Tegra Analytics to Unify Healthcare and Life Sciences Data
What You Should Know:
- Prominence Advisors, a leader in healthcare data enablement, has announced its acquisition of Tegra Analytics, a life sciences analytics consultancy. The acquisition extends Prominence's data enablement platform into the life sciences sector, strengthening its services across providers, payers, and life sciences organizations.
- The acquistion will bring together expertise from both healthcare and life sciences, along with industry-leading customer service.
Read More
Senseonics to Take Over Eversense 365 Commercialization from Ascensia
What You Should Know:
- Senseonics Holdings, a medical technology company specializing in implantable continuous glucose monitoring (CGM) systems, has announced a Memorandum of Understanding (MOU) with Ascensia Diabetes Care to transition all global commercialization and distribution of its Eversense 365 and future products to Senseonics. Since 2020, Ascensia, a member of PHC Group, has held the exclusive worldwide distribution rights for Eversense products.
This strategic move is
Read More
Oracle Confirms Layoffs in Kansas City
What You Should Know:
- Several Kansas City area-based employees at Oracle have received layoff notices, according to at least two sources with knowledge of the company's actions, KMBC reports. The company, which is now headquartered in Nashville, did not announce a total number of layoffs, but sources confirmed that several long-tenured employees have lost their jobs.
- The latest round of workforce reductions comes three years after Oracle's acquisition of healthcare technology
Read More
Epic Launches Comet: A New AI Platform to Predict Patient Health Journeys
What You Should Know:
- Today, Epic announced the launch of a new form of healthcare intelligence, named Comet, developed to help clinicians, health systems, and patients make more informed decisions.
- Built on Epic Cosmos, a secure data platform, Comet is designed to predict what is likely to happen next in a patient’s journey by estimating disease risk, length of stay, and treatment outcomes. The platform has learned from more than 100 billion patient medical events to
Read More
WellSpan Health and General Catalyst Partner to Transform Healthcare Delivery
What You Should Know:
- WellSpan Health and General Catalyst’s Health Assurance Transformation Company (HATCo) have announced an expanded collaboration.
- The new initiative builds on a strategic partnership that began in 2023, with WellSpan Health becoming the first Transformation Partner to HATCo. The two organizations will work together to modernize and transform healthcare delivery through the development of new AI technologies.
Targeting Three Critical Areas of
Read More
Onvida Health and Ambience Healthcare Launch Ambient AI Integration with Epic
What You Should Know:
- Onvida Health and Ambience Healthcare have announced the launch of new ambient AI capabilities directly inside Epic's Hyperspace and Haiku applications.
- This enterprise-wide deployment gives Onvida clinicians seamless access to Ambience's chart summarization, ambient scribing, coding, and patient summary technology without ever leaving the Epic platform.
Epic Integration Impact
The Epic integration builds on a successful partnership announced in
Read More
PurpleLab Acquires KAID Health to Create AI-Powered Healthcare Intelligence Platform
What You Should Know:
- PurpleLab, a healthcare analytics company, has acquired KAID Health, an AI-powered clinical analytics and care management company. Financial details of the acquisition were not disclosed.
- The acquisition combines PurpleLab’s large-scale structured claims data with KAID Health’s artificial intelligence (AI) and natural language processing (NLP) technology. This creates a more complete view of patient journeys across both structured and unstructured data
Read More
