What You Should Know:
- Healthcare payments company Waystar, today announced a partnership with 3M Health Information Systems to help 3M clients improve their payment operations.
- As part of the strategic partnership, 3M will leverage Waystar’s AI-powered solutions that will allow providers, health systems, and hospitals to improve operational efficiency and compliance and collect appropriate, fuller reimbursement.
Why It Matters
Revenue integrity remains a top concern for hospital
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Health IT | News, Analysis, Insights - HIT Consultant
Risk Mitigation: Strengthening Trust in AI for Healthcare
Better clinical decision support, population health interventions, patient self-care, and research - these are just a few of the promising use cases of artificial intelligence (AI).
In addition to its benefits, AI can introduce risks that could potentially undermine trust in AI solutions and need to be addressed. These risks include, among others, promulgating bias inherent in source data; a lack of minimal transparency in computation algorithms; AI performance in a “lab setting” not
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U.S. Naval Academy Awards NeuroFlow New Contract to Support Wellness and Resiliency of USNA Midshipmen
What You Should Know:
- NeuroFlow, a technology and services provider for behavioral health integration, has been contracted by the U.S. Naval Academy to support Midshipmen wellness during their 47-month journey to commission as naval officers.
- The new offering gives Midshipmen access to a secure mobile application designed to enhance resiliency and, when necessary, support a pathway to care. NeuroFlow’s platform confidentially captures health data to enable the system to provide
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Lightbeam, Surescripts Partner for Med Adherence Across Populations
What You Should Know:
- Lightbeam and Surescripts announced today a partnership that gives Lightbeam’s clients patient prescription histories and real-time refill notifications.
- Lightbeam makes a population health management platform for ACOs, IDNs and other risk-bearing entities. The Surescripts Medication History for Populations service will be available to Lightbeam’s clients, adding valuable insights on top of the robust analytics already available
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Tight Hospital Margins Continue Amid COVID-19 Concerns
What You Should Know:
- U.S. hospitals and health systems continued to experience tight margins in June, as rising expenses offset revenue and volume improvements—amid concern about the impact of the COVID-19 Delta variant—according to the latest issue of Kaufman Hall’s National Hospital Flash Report.
- The National Hospital Flash Report draws on data from more than 900 hospitals. Data from the report comes from Axiom’s Comparative Analytics from Syntellis
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4 Key Constraints Preventing Healthcare from Proper Cybersecurity
Healthcare was created to help people. So why is this industry the most heavily targeted by cybercriminals and ransomware attacks?
In the first half of 2020 alone, the Department of Health and Human Services saw a nearly 50% increase in the number of healthcare-related cybersecurity breaches. The COVID-19 pandemic forced the healthcare industry to operate at a level that it wasn’t prepared for, which meant emergency facilities were erected without proper security measures in place in order to
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WellSky Acquires Healthify to Enhance Social Determinants of Health
What You Should Know:
- Seamless coordination between providers, community-based organizations, and payers is the key to delivering value-based care at scale. To better connect providers, identify social determinants of health, search for social services, and coordinate care with community partners, WellSky has acquired Healthify. Financial details of the acquisition were not disclosed.
- Together, WellSky and Healthify will connect
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Cloud Technology and Healthcare Evolution: Microsoft in the Spotlight
In April, software giant Microsoft made a lot of headlines announcing its multibillion-dollar acquisition of Nuance, the cloud-based clinical intelligence developer best known to healthcare providers for its Dragon and PowerScribe speech-recognition products.
Business analysts and reporters zeroed in on impressive financial details and utilization potential for “ambient AI” technologies in health settings. But more than anything, the deal shows how serious Microsoft is about its healthcare IT
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Health Tech VC Firm Nina Capital Launches $47.4M Second Fund, Closes 5 Investments
What You Should Know:
- Nina Capital, a health tech venture capital (VC) firm, announced its last five investments of its first fund and the launch of its second fund, Nina Capital Fund II FCRE, with an investment goal of EUR 40 ($47.4M).
- Nina Capital was founded in 2019 with its inaugural fund, Nina Capital Fund I FCRE, which reached its maximum size of EUR 18 million (USD 21.3 million). In less than two years, Nina Capital has created an international portfolio of 23 companies in the
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3 Ways IoT is Empowering Modern Healthcare Industry Today
Today’s healthcare systems are nothing like their predecessors of even a decade ago, and their growth is due, in large part, to the rapid evolution of technology. In recent years, e-health—the digital services that make it possible to improve the well-being of individuals, whether to prevent, diagnose or treat illnesses—has grown exponentially, with estimates that it will reach $234.5 billion by 2023.
In order for e-health devices to demonstrate their full value, healthcare networks
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