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Health IT | News, Analysis, Insights - HIT Consultant

Next Generation of Risk Adjustment: Uniting Health Plans and Providers

by Shahyan Currimbhoy, VP & Aaron Fulner, Sr. Director at Edifecs 04/13/2022 Leave a Comment

Next Generation of Risk Adjustment Uniting Health Plans and Providers

Up until now, risk adjustment has been addressed as a mechanism to accurately represent the overall risk profile of a health plan’s membership. A function that will still facilitate a health plan’s payment for taking on at-risk populations is about to go through its first major transformation – the use of risk adjustment data to drive value-based program initiatives. Now that the functional aspects
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Healthcare’s Data Readiness Crisis: Triage vs. Transformation

by Fred Pennic 04/12/2022 Leave a Comment

Healthcare’s Data Readiness Crisis: Triage vs. Transformation

What You Should Know: - Healthcare leaders have high aspirations for digital transformation, but a lack of data readiness threatens their ability to execute, according to a new research conducted by Morning Consult and commissioned by Innovaccer. - The 35-page report, “Healthcare’s Data Readiness Crisis: Triage vs. Transformation,” reveals that the overwhelming majority of healthcare executives surveyed (95%) are focused on digital transformation, with 61% aiming to have their
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DUOS Secures $15M for Senior Assistance Platform for Older Adults

by Digital Health Funding Rounds 04/12/2022 Leave a Comment

DUOS Secures $15M for Senior Assistance Platform for Older Adults

What You Should Know: - DUOS, a digital health company on a mission to increase the longevity and independence of older adults, announced today a $15 million Series A funding led by Imaginary Ventures, along with participation from existing investors Forerunner Ventures, Declaration Partners, and new investor Optum Ventures. - DUOS focuses on members' social needs and maximizes their independence by building long-term, high trust 1:1 relationships, coordinating community resources, and
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CipherHealth Launches Suite of Pre-Care Digital Front Door Solutions

by Jasmine Pennic 04/12/2022 Leave a Comment

CipherHealth Launches Suite of Pre-Care Digital Front Door Solutions

What You Should Know: - CipherHealth launches a suite of pre-care digital front door solutions powered by CipherConnect to drive appointment volume and reduce no-shows. CipherConnect is a new conversational engagement solution that automates the many manual scheduling, intake, and virtual waiting room tasks that consume precious frontline resources.  Conversational Engagement Solution CipherConnect manages patient-provider communication via a frictionless, conversational,
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How Digitizing HR Operations Alleviates Burnout & Increases Retention in Healthcare

by Peter Corless, EVP of Enterprise Development at OnShift 04/12/2022 Leave a Comment

How Digitizing HR Operations Alleviates Burnout & Increases Retention in Healthcare

Human resources (HR) leaders in healthcare are facing an uphill battle with the Great Resignation heavily impacting staffing levels across organizations of all sizes. The healthcare sector has been among the hardest-hit industries by the Great Resignation due to the increased pressure and burnout among frontline workers that are facing almost three years of a global pandemic. The situation is even more dire among the post-acute and senior living care industries. According to recent research, the
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Vytalize Health Raises $50M for Value-Based Care Platform for Seniors

by Fred Pennic 04/11/2022 Leave a Comment

Vytalize Health Raises $50M for Value-Based Care Platform for Seniors

What You Should Know: - Vytalize Health raises over $50 million to advance its value-based care platform for seniors helping primary care doctors strengthen relationships with their patients through data-driven, holistic, and personalized care. - Led by Enhanced Healthcare Partners, the financing round signals an enormous opportunity for Vytalize Health to accelerate the adoption of value-based care programs by providers. Vytalize Health, a leading value-based care platform for
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4 Keys to Delivering A Retail-Like Patient Experience Journey

by Melinda Cisneros, Healthcare Industry Analyst & Grant Harland, Retail and Hospitality Industry Analysts at Windstream Enterprise 04/11/2022 Leave a Comment

4 Keys to Delivering A Retail-Like Patient Experience Journey

When it comes to the quality of their healthcare journey, patients, it seems, are losing patience with their healthcare providers. In Cedar’s latest Healthcare Consumer Experience Study, for example, the share of consumers who said they won't pay a bill if they cannot understand the administrative experience tripled from 2020 to 2021, to 37%. A vast majority (93%) indicated the quality of the billing and payment experience is important to their decision to return to a healthcare provider in
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Echo Health Ventures Expands Investment Model to Nashville

by Jasmine Pennic 04/07/2022 Leave a Comment

Echo Health Ventures Expands Investment Model to Nashville

What You Should Know: - Echo Health Ventures, a healthcare strategic venture capital and growth equity investment firm, today announced it is establishing a local presence in Tennessee led by Echo Health Advisors Principal Hayley Hovious, who joined the company in March following seven years as president of the Nashville Health Care Council. - Echo Health Ventures CEO Rob Coppedge expects the new location to drive innovation by developing connections between its portfolio companies, Echo
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Epic Selects Lyniate for Integration within Epic Garden Plot Offering

by Fred Pennic 04/06/2022 Leave a Comment

Epic Selects Lyniate for Integration within Epic Garden Plot Offering

What You Should Know: - EHR leader Epic has selected Lyniate, a provider of healthcare data interoperability, for integration within its new Garden Plot Software as a Service (SaaS) model for independent medical groups.  - Garden Plot takes on hosting, support, and ongoing configuration and updates so providers can focus on their patients. Garden Plot Offering Overview Garden Plot is a new offering for independent medical groups that
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Blue Shield of CA & Walgreens Launch Health Advisory Services in Retail Stores

by Jasmine Pennic 04/06/2022 Leave a Comment

Blue Shield of CA & Walgreens Launch Health Advisory Services in Retail Stores

What You Should Know: - Blue Shield of CA and Walgreens Health announces a new health advisory service that will expand access to care management and coordination for Californians through in-store and virtual resources through the launch of 12 new Walgreens Health Corner™ locations in the San Francisco Bay Area and Los Angeles County. - With the addition of Walgreens Health Corner™ locations in LA and the
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