Much has been written about the advent of Artificial Intelligence (AI) in the healthcare payment lifecycle, but has it been oversimplified? The straightforward answer is yes.
Many articles have characterized AI as the end-means antidote that will solve all revenue cycle management (RCM) issues and easily streamline the reimbursement process from beginning to end. In fact, many of the products in today’s marketplace promise a complete solution based almost entirely on AI. But, looking at this
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Health IT | News, Analysis, Insights - HIT Consultant
eCaring Acquires Home Care Agency Platform Home Care IT – M&A
What You Should Know:
- eCaring, an integrated software platform that aligns the entire in-home care team, has acquired Home Care IT, a secure, web-based software product for home care agencies based in Lexington, MA.
- Home Care IT™ is a feature-rich, web-based, home care management software for non-medical home care and personal care agencies. The product consolidates and simplifies many of the important tasks required for the management of a home care agency and drives
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Surprise! Patient Engagement is About the Individual
It’s well understood that patient engagement leads to better outcomes. A powerful way to boost engagement is by delivering a personalized care experience so that patients can manage their condition in a way that best aligns with their lifestyle and goals.
Two of the most effective patient engagement initiatives include: 1) clinicians spending more time with patients and, 2) shared decision making. Although clinicians would prefer more face-to-face time with patients to better assess their
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Jonathan Bush’s Second Venture Zus Health Launches with $34M for Health Data Interoperability Platform
What You Should Know:
- Former athenahealth founder and CEO Jonathan Bush, today announced the launch of Zus Health (“Zus” pronounced Zoos like the father of Athena) focused on creating the industry’s first shared development platform backed by a shared data record.
- The company is launching with the close of $34M in Series A funding led by Andreessen Horowitz (a16z), F-Prime Capital, Maverick Ventures, Rock Health, Martin Ventures and Oxeon Investments also participated in
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HHS Establishes $80M Public Health IT Workforce Program
What You Should Know:
- The U.S. Department of Health and Human Services’ (HHS) Office of the National Coordinator for Health Information Technology (ONC) today announced the establishment of an $80M Public Health Informatics & Technology Workforce Development Program (PHIT Workforce Program) to strengthen U.S. public health informatics and data science.
- The PHIT Workforce Program aims to train more than 4,000 individuals over a four-year period through an interdisciplinary approach
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Doximity’s Medical Social Network Launches Announces IPO at $4B Valuation
What You Should Know:
- Doximity, a leading digital platform for U.S. medical professionals announced its initial public offering (IPO) of 23,300,000 shares of its Class A common stock.
- The initial public offering price is expected to be between $20.00 and $23.00 per share. Doximity's Class A common stock is expected to trade on the New York Stock Exchange under the symbol "DOCS."
- Founded in 2010, Doximity is the leading digital platform for U.S.
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KLAS: Growth of Drug Diversion Monitoring Market
Often when we talk about the opioid epidemic, the focus is rightly on the suffering that the situation has caused. However, it’s important not to miss the surrounding context of this crisis, and what various health systems have started to uncover.
Currently, health systems face a huge challenge in tracking and managing their controlled substances. One of the technology-based solutions to the problem is drug diversion monitoring systems, which KLAS reported on in a recent report. While
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Beacon Health Launches Digital Patient Access Experience via Kyruus ProviderMatch Platform
What You Should Know:
- Beacon Health System, a non-profit health system serving northern Indiana and southern Michigan, has launched a new digital patient access experience through the Kyruus ProviderMatch platform. The health system is now making it easier for both new and existing patients to search for care system-wide online, as well as self-schedule appointments with a growing number of providers.
- After building its new enterprise-wide provider directory with Kyruus for its more
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Elevate Health Taps Innovaccer to Redefine Its Care Management Model – PHM
What You Should Know:
- Elevate Health, a Washington-based nonprofit Accountable Community for Health (ACH) organization, has partnered with us to leverage the Innovaccer Health Cloud to strengthen care management and improve patient outcomes. It was challenged to integrate data from disparate sources and close gaps for hundreds of patient records.
- With the Innovaccer Health Cloud, Elevate Health saved $6M in care costs and redefined its care management
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Why Provider-Payer Collaboration is the Secret to Value-Based Success
Just before the COVID-19 pandemic emerged, 48% of healthcare providers surveyed said three-quarters of their organization’s payments were grounded in fee-for-service models of care. Fast forward a year and the financial aftershocks of the pandemic have highlighted some of the benefits of value-based models for providers as well as health plans and consumers.
Despite the benefits of incentive-based payment models in healthcare, including indications that it may reduce readmissions and
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