What You Should Know:
RxBenefits, an employee benefits industry’s first and only technology-enabled pharmacy benefits optimizer (PBO), today announced an agreement to acquire pharmacy benefits consulting firm, Confidio
- The deal will bring together two premier, complementary providers of pharmacy benefits services, further advancing the organizations’ strategic vision to deliver an affordable prescription benefit to both plan sponsors and healthcare consumers.
- Founded in
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Health IT | News, Analysis, Insights - HIT Consultant
Cedar Appoints Krishna Rao as Chief Financial Officer
What You Should Know:
- Cedar, a New York City-based innovative healthcare financial technology platform, announced it has named Krishna Rao as Cedar's first Chief Financial Officer (CFO).
- Rao brings over 15 years of experience growing businesses, most recently serving as Global Head of Corporate and Business Development for Airbnb. In this role, he led and supported financings totaling over $10 billion in equity and debt capital, including the company's initial public offering last
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Connections Health Solutions Secures $30M to Expand Behavioral Health Crisis Services Model
What You Should Know:
- Connections Health Solutions, a Phoenix, AZ-based provider of immediate-access behavioral health crisis stabilization, has raised $30 million in a growth financing led by Heritage Group, a leading healthcare-focused private equity firm.
- The partnership will fuel national expansion of Connections Health Solutions’ leading behavioral health crisis services model.
Rising Demand for Behavioral Health Services
Demand for behavioral health services is on
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How Health IT is Helping Hospitals Achieve Faster Patient Transitions and Reduce Length of Stay
COVID-19 served as a brutal reminder that streamlining patient transitions from one care setting to another is critical – and even more so when hospital beds are at a premium. Even with less revenue flowing in, hospitals were still expected to quickly adapt as rising infections caused unexpected surges in hospitalizations. Better care coordination improves the patient experience and significantly lowers hospitals' costs by reducing the length of stay. In fact, one healthcare organization
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3M Taps Waystar to Automate Revenue Capture Processes for its Clients
What You Should Know:
- Healthcare payments company Waystar, today announced a partnership with 3M Health Information Systems to help 3M clients improve their payment operations.
- As part of the strategic partnership, 3M will leverage Waystar’s AI-powered solutions that will allow providers, health systems, and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.
Why It Matters
Revenue integrity remains a top concern for hospital
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Risk Mitigation: Strengthening Trust in AI for Healthcare
Better clinical decision support, population health interventions, patient self-care, and research - these are just a few of the promising use cases of artificial intelligence (AI).
In addition to its benefits, AI can introduce risks that could potentially undermine trust in AI solutions and need to be addressed. These risks include, among others, promulgating bias inherent in source data; a lack of minimal transparency in computation algorithms; AI performance in a “lab setting” not
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U.S. Naval Academy Awards NeuroFlow New Contract to Support Wellness and Resiliency of USNA Midshipmen
What You Should Know:
- NeuroFlow, a technology and services provider for behavioral health integration, has been contracted by the U.S. Naval Academy to support Midshipmen wellness during their 47-month journey to commission as naval officers.
- The new offering gives Midshipmen access to a secure mobile application designed to enhance resiliency and, when necessary, support a pathway to care. NeuroFlow’s platform confidentially captures health data to enable the system to provide
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Lightbeam, Surescripts Partner for Med Adherence Across Populations
What You Should Know:
- Lightbeam and Surescripts announced today a partnership that gives Lightbeam’s clients patient prescription histories and real-time refill notifications.
- Lightbeam makes a population health management platform for ACOs, IDNs and other risk-bearing entities. The Surescripts Medication History for Populations service will be available to Lightbeam’s clients, adding valuable insights on top of the robust analytics already available
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Tight Hospital Margins Continue Amid COVID-19 Concerns
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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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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