“It does not do to leave a live dragon out of your calculations if you live near him.”
That sage advice from an unlikely business strategist—The Hobbit wizard, Gandalf—is germane to the need to address risks of serpent-like monsters. It also applies to the peril faced by hospitals when buyers and sellers neglect to calculate data management into the timeframe of M&A transitional service agreements (TSAs). The wrong TSA timeframe threatens the success of all transactions and each company’s
Read More
Health IT | News, Analysis, Insights - HIT Consultant
ECRI Institute: Top 4 Biggest Risks in Ambulatory Care to Watch
- ECRI Institute report reveals diagnostic testing and medication events are the most frequent safety risks patients face in ambulatory care.- Analysis of more than 4,300 adverse events reveals bifurcated healthcare system challenging outcomes.Diagnostic testing and medication events are the most frequent safety risks patients face in ambulatory care, according to new research from ECRI Institute, the nation’s leading independent, non-profit patient safety organization. ECRI Institute’s Deep
Read More
AVIA Lands $22M to Expand Healthcare Innovation Network to New Markets
- AVIA raises $22M to expand its leading healthcare innovation network to expand its service offerings and reach new markets. - Specifically, AVIA will tap into the new funds to grow its offerings in areas including consumerism, population health, and risk management, and to reach new markets such as pediatric hospitals and payers.- Members of the AVIA Innovator Network access unique insights, participate in collaborative strategic initiatives, and engage in consulting services to increase speed
Read More
How Health IT Helped Baptist Health During Hurricane Dorian
Preparing a hospital to ride out a natural disaster is fairly straightforward when the danger is imminent. You hunker down, secure the facility, and transfer any higher-risk patients to a safer location.
But what happens if there is only a possibility that disaster might strike? That was the dilemma facing us at Baptist Health, our multi-facility health system in Jacksonville, Fla., as Hurricane Dorian approached in September 2019.
Early weather models of the (at one point)
Read More
Data: The Foundation For Collaborative Leadership To Deliver High-Value Care
The move to a healthcare system that rewards the value delivered to patients vs. the volume of services performed is no easy task. Healthcare providers, including hospitals and physicians, face decreasing reimbursements as both commercial and government payors implement new payment models designed to more closely align the activities of various organizations and practitioners involved in patient care. Better coordination has been found to both improve the quality and lower the cost of care,
Read More
Medinas Raises $5M to Expand Pre-Owned Medical Equipment Marketplace
- Medinas close $5M seed funding round led by NFX to expand pre-owned medical equipment marketplace and asset management software for hospitals. - Pre-owned medical equipment marketplace and asset management software has helped hospitals reduce waste and save over $50M in sales equivalency by making equipment remarketing fast, easy and safe.- The Medinas Price Book utilizes over 9 million data points to provide estimated equipment values for the $156 billion healthcare equipment market in the
Read More
WellVia Integrates with Health Gorilla’s FHIR API to Enable Clinical Data Exchange
- Health Gorilla and WellVia partner to enable new data exchange capabilities to power clinical record retrieval and lab ordering. - Through this collaboration, WellVia can control its user experience while using Health Gorilla’s APIs on the back-end to power new product functionality.Today, Health Gorilla, a provider of clinical data APIs, and WellVia, a telehealth company announced a partnership that enables new data exchange capabilities within the WellVia telehealth platform. As part of the
Read More
CHG Healthcare Acquires Physician Credentialing Company Modio Health
- CHG Healthcare has acquired physician credentialing company Modio Health for an undisclosed term. - Modio and CHG are combining forces to improve credentialing for CHG employees and the thousands of providers and healthcare facilities it works with, making the process faster, safer, and more cost-effective.Healthcare staffing company CHG Healthcare has acquired Modio Health, a San Francisco, CA-based physician credentialing provider. The acquisition will improve credentialing for Change
Read More
DrChrono Launches EHR Services Directory for Medical Practices
- DrChrono launches new EHR Services Directory that will allow providers and medical practices to connect with third-party companies to outsource their business tasks. - Medical professionals will be able to find services in the directory such as third-party developers to help build on the DrChrono healthcare API, expertise on technology configuration to maintain a local network, etc.Today, DrChrono announced the launch of a new EHR Services Directory with third-party companies that will allow
Read More
7 Best Practices to Improve Professional Fee Revenue Cycle for Better ED Bottom Lines
Most healthcare organizations partner with physician services groups for niche coverage. While outsourced medical services are available across all specialties, common areas for external physician support include anesthesia, radiology, wound care, and emergency medicine. However, when outsourced physician services are used, challenges to ensure accurate reimbursement for both components of care—the hospital portion and the physician’s professional fee—increase.
Snafus are largely attributable
Read More
