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Health IT | News, Analysis, Insights - HIT Consultant

The Modern Approach to Acquiring Healthcare IT

by Cheryl Rodenfels, Healthcare Strategist, Nutanix 12/03/2020 Leave a Comment

The COVID-19 pandemic has shed light on the shortcomings of today’s hospital and healthcare IT infrastructure, with many healthcare organizations quickly adopting the latest and greatest technology to support remote operations. However, in the scramble to adapt, many IT leaders did not ensure that the acquired technology integrated well with legacy systems – resulting in underused components and wasted costs. As we enter into a new era in healthcare, it is paramount that these organizations
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M&A: Imprivata Acquires Patient Privacy Intelligence Company FairWarning

by Fred Pennic 12/02/2020 Leave a Comment

M&A: Imprivata Acquires Patient Privacy Intelligence Company FairWarning

What You Should Know: - Imprivata acquires FairWarning Technologies, a provider of patient privacy intelligence. - The combined solutions will offer healthcare a single Digital Identity platform that integrates role-based access controls, identity governance, and data privacy compliance. Imprivata®, the digital identity company for healthcare, today announced the acquisition of FairWarning Technologies, LLC, a Clearwater, FL-based provider of patient privacy intelligence.
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M&A: TRIMEDX Acquires Surplus Medical Equipment Company Centurion Service Group

by Jasmine Pennic 12/02/2020 Leave a Comment

TRIMEDX Acquires Surplus Medical Equipment Company Centurion Service Group

What You Should Know: - TRIMEDX announced the acquisition of Centurion Service Group, a full-service medical equipment re-seller, to expand its Clinical Asset Management offering. - The added capabilities of Centurion will allow TRIMEDX clients to gain maximum value from their excess medical equipment through Centurion auction services, positively impacting operational expenses, maximizing resources to improve patient care, etc. TRIMEDX, a provider of clinical engineering, medical
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M&A: CarepathRx Acquires Pharmacy Operations of Chartwell from UPMC for $400M

by Fred Pennic 12/01/2020 Leave a Comment

CarepathRx Acquires Specialty Pharmacy Operations of Chartwell for $400M

What You Should Know: - CarepathRx will acquire the University of Pittsburgh Medical Center’s pharmacy operations in a $400M deal. - The company fully integrates pharmacy operations, expands healthcare services, improves ambulatory access, minimizes clinical variation and creates new health system revenue streams. - CarepathRx serves more than 15 health systems and 600 hospitals, with more than 1,500 employees nationwide, 400 payor contracts. Already CarepathRx has treated more than
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Healthcare M&A: DAS Health Acquires Randall Technology Services

by Jasmine Pennic 12/01/2020 Leave a Comment

DAS Health Acquires Health IT and Medical Billing Conglomerate

What You Should Know: - DAS Health Ventures acquires healthcare and managed IT company Randall Technology Services (RandallTech). - This acquisition adds Allscripts® PM and EHR solutions to the DAS portfolio of supported products, and DAS Health has now added additional staff in Texas that will create opportunities for greater regional support of its entire solutions portfolio. DAS Health Ventures, Inc., an industry leader in health IT and management, announced today it completed
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Google Cloud Launches Healthcare Interoperability Readiness Program

by Fred Pennic 11/30/2020 Leave a Comment

Google Cloud Launches Healthcare Interoperability Readiness Program

What You Should Know: - Google Cloud launches Healthcare Interoperability Readiness Program to help healthcare organizations achieve healthcare data interoperability. Today, Google Cloud launched the Google Cloud Healthcare Interoperability Readiness Program, helping organizations achieve data interoperability in advance of upcoming HHS deadlines and to enable future innovation. Alongside partners like Bain, BCG, Deloitte, HCL, KPMG, SADA, and more, the Healthcare
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Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount

by Fred Pennic 11/30/2020 Leave a Comment

Hospitals Hit with Low Volumes, High Expenses, Poor Margins as COVID-19 Cases Mount

What You Should Know: - October was a challenging month for hospitals and health systems nationwide amid ongoing instability spurred by the COVID-19 pandemic, according to Kaufman Hall’s latest Hospital Flash Report. - Margins and volumes fell, revenues flattened, and expenses rose as COVID metrics continued to climb and some states moved to retighten social distancing guidelines. - As of Oct. 31, the number of daily U.S. COVID cases reached a high of more than 90,500 and related
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HealthStream Acquires Change Healthcare’s Staff Scheduling Business for $67.M

by Fred Pennic 11/30/2020 Leave a Comment

HealthStream Acquires Change Healthcare’s Staff Scheduling Business for $67.M

What You Should Know: - HealthStream acquires Change Healthcare’s staff scheduling business for $67.5M in cash which includes the ANSOS™ Staff Scheduling (“ANSOS”) platform and related products. - The acquisition will help establish HealthStream as a market leader in healthcare workforce scheduling business. HealthStream, a leading provider of workforce and provider solutions for the healthcare industry has entered into a definitive agreement to acquire Change Healthcare’s
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NLP is Raising the Bar on Accurate Detection of Adverse Drug Events

by David Talby, CTO, John Snow Labs 11/30/2020 Leave a Comment

NLP is Raising the Bar on Accurate Detection of Adverse Drug Events

Each year, Adverse Drug Events (ADE) account for nearly 700,000 emergency department visits and 100,000 hospitalizations in the US alone. Nearly 5 percent of hospitalized patients experience an ADE, making them one of the most common types of inpatient errors. What’s more, many of these instances are hard to discover because they are never reported. In fact, the median under-reporting rate in one meta-analysis of 37 studies was 94 percent. This is especially problematic given the negative
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Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others

by Fred Pennic 11/25/2020 Leave a Comment

Recent Executive Hires: CVS Health New President, Cleveland Clinic/Amwell Joint Venture Leadership, Others

CVS Health Corporation names Neela Montgomery Executive Vice President and President of CVS Pharmacy/Retail, effective November 30, 2020. Montgomery will oversee the company's 10,000 pharmacies across the United States. Montgomery, currently a Board Partner at venture capital firm Greycroft, most recently served as chief executive officer of furniture retailer Crate & Barrel and has nearly 20 years of global retail experience. The Cleveland Clinic and Amwell joint venture appoint
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