Some experts estimate that $200 billion is wasted each year on unnecessary or excessive medical testing and treatment. This could be up to 40% of the unnecessary spending in the system today.
Despite the extreme focus to reduce the total amount spent on healthcare, why does extensive spending on unnecessary or excessive tests or procedures continue? The easy answer is because it is often difficult to spot what is unnecessary or excessive.
There are certainly moments when overutilization of
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Health IT | News, Analysis, Insights - HIT Consultant
Accounting for Inherent Vulnerabilities in Healthcare Blockchain Adoption
In the digital economy, every industry runs on data. In the healthcare industry, there is no greater need than to have total view and capitalization of data. But this need inherits others—the need for security, transparency, and interoperability.
In an industry rife with inefficiencies and systemic vulnerabilities (e.g. counterfeit prescription drugs), the benefits of using blockchain to address these needs cannot be ignored. The application of this technology will provide secure
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Philips Launches Next-Gen Vital Signs Monitor for Early Patient Intervention
- Philips debuts EarlyVue VS30 vital signs monitor and receive 510(k) clearance in the U.S.- Early Warning Scoring, predictive trend analytics and intelligent algorithms help detect patient deterioration earlier to enable timely intervention.Royal Philips today announced the debut of EarlyVue VS30, a new vital signs monitor, in the U.S. Expanding on Philips’ General Care solutions portfolio, Philips EarlyVue VS30 uses automated Early Warning Scoring (EWS) to collect critical vital signs and
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DAS Health Acquires Health IT Company Automated Medical Systems
- DAS Health acquires health IT company Automated Medical Systems to strengthen its position in the U.S. health IT market. - The acquisition enhances its product offerings, including adding Henry Schein’s MicroMD® to their Electronic Health Records (EHR) portfolio.DAS Health, a Tampa, FL-based provider of health IT and management solutions announced the acquisition of Automated Medical Systems, a healthcare IT company based in Valdosta, GA, with clients in Florida, Georgia, Tennessee, Texas and
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Shriners Hospitals for Children Launches New Genomics Institute to Advance Precision Medicine
- Shriners Hospitals for Children establishes new genomics institute to advance precision medicine in partnership with Genome Medical to return actionable genetic findings for pediatric patients. - Genomics Institute at Shriners Hospitals will offer genetic sequencing to patients at its 22 hospitals and outpatient locations in North America and from its international network of outreach clinics.Shriners Hospitals for Children is teaming up with Genome Medical to ensure that pediatric patients
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Provider Credentialing: A Problematic Process Driving Costs and Delays
On a typical day, the average physician sees about 19 patients for roughly 22 minutes each. That’s a busy day and anything that interrupts that schedule is a problem for them and their staff.
One of the things that does disrupt that rhythm is payer paperwork, which is a significant driver of administrative burden and waste in healthcare. Administrative transactions between providers and payers include a wide range of tasks performed by many different entities, but one piece of the puzzle
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How Intelligent Automation Can Address 3 Revenue Cycle Challenges
Artificial intelligence (AI) has received a lot of buzz and been positioned as the central healthcare technology needed to solve many financial challenges and digitally transform internal operations. However, if you’re looking for practical solutions that can address variable activities and complete work with a high level of quality, today, healthcare organizations should look to intelligent automation.
Here’s why: True AI attempts to mimic human cognition. As such, AI remains
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Kaiser Associates’ Healthcare Practice Is Now Kx Advisors
- Kaiser Associates launches healthcare strategy consultancy Kx Advisors to help clients reach their critical growth goals.
Kaiser Associates announce the launch of Kx Advisors, a healthcare strategy consultancy dedicated to helping achieve critical business growth goals in partnership with its clients in Pharma, Biotech, Medical Device, and Health IT. The new consultancy is already operating under the Kx Advisors name at the Washington D.C., London, and Hong Kong offices.
For more than 30
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Premier Acquires Medpricer for $35M to Optimize Savings in Purchased Services
- Premier acquires Medpricer’s technology solution that enables purchased services savings across a total addressable acute care market of $160 billion. - Cloud-based platform provides purchased services management technology, including pricing benchmarks, RFP templates and other supplier data. - Acquisition enables healthcare providers to better manage third-party contracts to improve financial performance.Premier Inc., a healthcare improvement company, has acquired Medpricer, a
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ettain group Acquires Leidos’s Commercial EHR Consulting Business
- Talent solutions firm ettain group acquires Leidos Inc.’s commercial Electronic Health Records (EHR) consulting business to further strengthen its national Healthcare IT capabilities- The acquisition will grow its IT staffing presence in several strategic markets, including New York, NY, Denver, CO, and Chicago, IL.ettain group, a Charlotte, NC-based provider of talent solutions, announced today that it has acquired Leidos Inc.’s commercial Electronic Health Records (“EHR”) consulting
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