The conversation about transitioning the American healthcare system from fee for service (FFS) to value-based care (aka, pay for performance) has been going on for more than 15 years. Still, it felt like time travel to come across a Health Affairs book review from 2006 by the late Princeton Professor Uwe Reinhardt that could have been written last month.
In evaluating what he describes as the “utopian vision” laid out in Michael Porter and Elizabeth Teisberg’s Redefining Health
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Health IT | News, Analysis, Insights - HIT Consultant
EHR Adoption is Essential for Outpatient Surgery to Remain Relevant in Managed Care
In 2009, hospitals and doctors were given financial incentives to adopt electronic health records (EHRs) through the Health Information Technology for Economic and Clinical Health (HITECH) Act. Ambulatory surgery centers (ASCs) were not eligible for these funds, and were therefore not incentivized like the rest of the healthcare system to implement the technology. The consequence of that differentiation is that the majority of ASCs are still charting on paper, even while the rest of the health
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Patient Experience 2.0: A Shift in Priorities Defined by A Year of the Pandemic
The COVID-19 pandemic has upended the healthcare continuum within the past year, creating many roadblocks in the path towards high-quality care delivery. Amid these challenges, we have witnessed a significant shift in patient wants and needs, in addition to heightened demand for accessible, convenient clinical care. Notably, the desire for more care processes to be performed digitally has emerged as a priority among patients. According to a recent survey by Accenture about patient behaviors, 60%
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Aetion Closes $100M to Expand RWE Analytics Platform
What You Should Know:
- Healthcare technology company Aetion announced today a $110M Series C fundraise, led by Warburg Pincus, a leading global growth equity firm, with additional investments from B Capital and Foresite Capital. Aetion’s existing backers New Enterprise Associates (NEA) and Flare Capital Partners also joined the round. Aetion has raised a total of $212M to date.
- The company will use the new funds to extend the capabilities of its Aetion Evidence Platform, expand its
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M&A: Medicus IT Acquires Managed Services Provider HITCare
What You Should Know:
- Medicus IT (MIT), the leading healthcare-focused managed services provider (MSP) based in Alpharetta, Georgia, today announced the acquisition of Health Information Technology Care (HITCare), California's premier healthcare managed IT services provider. Financial details of the acquisition were not disclosed.
- The uniting of these leading companies further elevates Medicus IT as one of the largest healthcare focused MSPs in the country and will deliver
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How Next-Generation Care Will Be More Patient-Focused
Hospital operating margins were hovering in the 2% range before the global pandemic wreaked havoc on providers and payers in March 2020. Even with two “normal” months in 2020, operating margins plummeted 55.6% compared to 2019. Even with CARES funding, margins remained down nearly 17%.
At the same time, demand for healthcare professionals continues to grow, depending on medical specialty and geography. The shortage is especially acute in rural areas. Reasons include an aging and sicker
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MedTech Breakthrough Announces 2021 MedTech Breakthrough Award Winners
MedTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global health and medical technology market, today announced the winners of the organization's fifth annual awards program, showcasing technologies and companies that drive innovation and exemplify the best in digital health and medical technology solutions across the globe.
Background & Approach
All nominations were evaluated by an independent
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8 Key Areas Representing $13.3B in Cost Saving Opportunities for Healthcare Administration
According to the 2020 CAQH Index report, an annual report published by the Council for Affordable Quality Healthcare, a study of eight key transactional areas revealed opportunities for cost savings totaling $13.3 billion for medical providers and plans willing to move to fully electronic administrative processes. The CAQH report examined eight key transactions: Eligibility and Benefit Verification, Prior Authorization, Claim Submission, Attachments, Coordination of Benefits, Claim Status
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Allscripts Launches ADP Empower to Amplify Diverse Voices in Health IT
What You Should Know:
- Allscripts announced its team that leads the Allscripts Developer Program (ADP) has launched ADP Empower, a new program designed to amplify diverse voices in the healthcare technology industry and offer valuable resources to underrepresented entrepreneurs to grow their businesses and accelerate innovation.
- The Allscripts Developer Program aims to build a culture of innovation by reducing barriers and risk associated with installing and using innovative healthcare
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TriHealth Taps Olive to Deploy On-Site AI Command Center Across Enterprise
What We Should Know:
- Olive and TriHealth announced their partnership to deploy Olive’s on-site AI command center, the AlphaSite, across TriHealth’s enterprise. The AI investment will begin with automating revenue-cycle related tasks, such as claims status checks while delivering increased ROI to the TriHealth network.
- The AlphaSite program — the creation of an on-site AI command center — allows Olive to take a 360-degree approach to transform the entire
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