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Health IT | News, Analysis, Insights - HIT Consultant

Healthcare Can Save $16.3B Automating Administrative Transactions, Report Finds

by Jasmine Pennic 02/05/2021 Leave a Comment

Healthcare Can Save $16.3 Billion Automating Administrative Transactions, Report Finds

What You Should Know: - Each year, the US healthcare industry spends $39 billion on 9 administrative transactions, according to a new report from CAQH. - The 2020 CAQH Index also uncovered that by automating these transactions, the industry could save $16.3 billion annually--a 42% cost reduction. CAQH, released the eighth annual report measuring the progress made by healthcare payers and providers in automating administrative transactions. The 2020 CAQH Index found that, of
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6 HIEs Form New Consortium to Drive Population Health Improvements Via Data Sharing Interoperability

by Fred Pennic 02/04/2021 Leave a Comment

6 HIEs Form New Consortium to Drive Population Health Improvements Via Data Sharing Interoperability

What You Should Know: - A group of six health information exchanges (HIE) announced today their formation of the Consortium for State and Regional Interoperability (CSRI). - The 501(c)(3) CRSI aims to help drive individual and population health improvements across the nation through robust and innovative sharing of health information. - Collective, CRSI connects over 80 million records for patients across several states and provide a wide range of services to healthcare
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Kaiser Inks Multi-Year Agreement with Accenture, Microsoft for Cloud Transition

by Fred Pennic 02/03/2021 Leave a Comment

Kaiser Inks Multi-Year Agreement with Accenture, Microsoft for Cloud Transition

What You Should Know: - Kaiser Permanente signs a multi-year strategic agreement with Accenture and Microsoft to support the healthcare provider’s transition to the cloud environment. - The partnership enables stronger cloud computational power and data insights readily available to care teams, so Kaiser’s members—and patients—will benefit from more timely and personalized healthcare. Kaiser Permanente today announced a multi-year agreement with Microsoft and Accenture to leverage
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83% of Consumers Would Feel Safer in Hospitals with COVID-19 Contact Tracing Technology, Survey Reveals

by Jasmine Pennic 02/03/2021 Leave a Comment

83% of Consumers Would Feel Safer at Hospitals with Contact Tracing Technology, Survey Reveals

What You Should Know: - According to a new survey conducted by SwipeSense, 83% of consumers would feel safer at hospitals with COVID-19 contact tracing technology. The survey reveals 73% of consumers feel concerned or extremely concerned about hospital safety -- a 46% increase in their concern since the onset of COVID-19.  - Many hospitals still rely on manual contact tracing for COVID-19 despite this strong patient preference and the fact that antiquated manual methods to
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Carlyle Group, Brighton Park Capital Invest $200M in Indian Health Tech Provider Indegene to Fuel Global Expansion

by Fred Pennic 02/03/2021 Leave a Comment

Carlyle and Brighton Park agree to invest US$200 million in Indegene

What You Should Know: - The Carlyle Group and Brighton Park Capital invests $200M in Bangalore, India-based Indegene to accelerate company's global expansion and consolidate its industry-leading position in healthtech solutions. - Founded in 1998 by five first-generation entrepreneurs, Indegene has emerged as the leading digital transformation partner to the global life sciences industry. With more than 3,000 employees across North America, Europe, China, Japan and India, Indegene provides
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Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

by Fred Pennic 02/02/2021 Leave a Comment

Epic, Galen Healthcare, Chartis Group Named 2020 Overall Best in KLAS Awards

What You Should Know: - Epic was named the top Overall Software Suite for the eleventh consecutive year in the Best in KLAS 2021 Software & Services report, released today, which reports on the top vendors for 2020. Epic was also named the top Overall Physician Practice Vendor. Galen Healthcare Solutions was named the top Overall IT Services Firm. The Chartis Group earned the award of top Overall Healthcare Management Consulting Firm, edging out last year’s winner,
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Syapse Lands $68M to Expand Global Precision Oncology Data Sharing Network

by Fred Pennic 02/02/2021 Leave a Comment

FDA, Syapse Expand Research to Generate Real-World Data Related to COVID-19 and Cancer

What You Should Know: - Syapse raises 68M in equity investment  led by Ally Bridge Group (ABG), with Northpond Ventures to expand delivery of real-world evidence  through Syapse’s Learning Health Network. - The Syapse Learning Health Network is a global precision oncology data sharing network, improving cancer care across communities by using real-world data to support clinical decisions. Syapse, a San Francisco, CA-based real-world evidence company accelerating the delivery
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HealthTensor Secures $5M to Scale AI-Powered Medical Diagnosis Platform

by Fred Pennic 02/02/2021 Leave a Comment

HealthTensor Secures $5M to Scale AI-Powered Medical Diagnosis Platform

What You Should Know: - HealthTensor, an LA-based startup that uses AI to ensure no medical diagnoses are overlooked, has raised $5 million to scale operations. - To date, HealthTensor has helped physicians write more than 2,000 notes and has identified overlooked medical conditions in 95% of cases. HealthTensor, an LA-based artificial intelligence digital health startup that is creating software to help augment medical decision making, announced today that it has raised a $5 million
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NexHealth Acquires Paperless Digital Forms Company Enlive

by HITC Staff 02/02/2021 Leave a Comment

NexHealth Acquires Paperless Digital Forms Company Enlive

What You Should Know: - NexHealth acquires integrated paperless forms company Enlive to expand its patient experience platform, making patient data collection easy and secure.  - Paperless forms solve long-standing difficulties that healthcare practices have faced with paper-based forms, including data entry, filing, shredding, and scanning patient paperwork. Enlive offers HIPAA-compliant online forms that seamlessly integrate with EHR systems such as Dentrix, Eaglesoft, and Practice
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Volpara Acquires Breast Cancer Risk Assessment Platform CRA Health for $18M

by Fred Pennic 02/02/2021 Leave a Comment

Volpara Acquires Breast Cancer Risk Assessment Platform CRA Health for $18M

What You Should Know: -  Volpara Health, an integrated breast care platform assisting in the delivery of personalized patient care has acquired breast cancer risk assessment platform CRA Health. - CRA Health, LLC, is a breast cancer risk assessment company spinoff from Massachusetts General Hospital — a Harvard Medical School teaching hospital. Today the company delivers more than two million assessments annually to women’s imaging clinics. - CRA software is cloud-based
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