Healthcare provider networks are experiencing enormous pressure to manage financial margins and invest in contactless patient experiences. With overall financial losses projected to exceed $323 billion as a result of COVID-19, a projected $200 billion in administrative waste due to revenue cycle inefficiencies, and increasing pressure to meet digital consumerism demands, it is essential for health systems to find ways to streamline processes, maximize their revenue cycles and cut costs. These
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Health IT | News, Analysis, Insights - HIT Consultant
Augmedix Launches National Roll-Out of Tech-Enabled Virtual Scribes to Assist Busy ED Clinicians
What You Should Know:
- Augmedix, a provider of
remote medical documentation and live clinical support launches the national
rollout of a transformative tech-enabled medical documentation service powered
by virtual scribes and created specifically for busy Emergency Department (ED)
environments.
- Augmedix trains remotely-located scribes in emergency
medicine documentation to alleviate the administrative burden for clinicians,
which is especially important today as these clinicians are on
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Leveraging Technology and Data for COVID-19 Vaccine Distribution
After months of uncertainty, hope is finally on the horizon as three viable COVID-19 vaccine candidates are moving closer towards approvals for public distribution. Getting to this stage was extremely labor-intensive, but unfortunately, it’s not the end of the hardships. The coronavirus vaccine will represent the largest vaccine distribution in U.S. history, and manufacturing and distributing the vaccines will have its own fair share of difficulties for healthcare systems. In order to optimize
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Biden Administration Appoints Micky Tripathi New ONC National Coordinator for Health IT
- The Biden administration has appointed Micky Tripathi the new National Coordinator for Health IT, succeeding Don Rucker, M.D. who held the post since April 2017.
- The
Office of the National Coordinator for Health Information Technology is the
principal entity charged with coordination of nationwide efforts to implement
and use the most advanced health information technology and electronic exchange
of health information. As National Coordinator, Tripathi will be at the
forefront of the
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Cerner Appoints Mark Erceg New Chief Financial Officer
Key Points to Know:
- Cerner appoints Mark Erceg as the company’s
new Executive Vice President and Chief Financial Officer (CFO), effective
February 22, 2021.
- Erceg will succeed Marc
Naughton, who is departing from Cerner at the end of the first quarter.
Naughton will serve as an Executive Advisor to ensure a smooth transition.
- As Cerner’s CFO, Erceg
will lead the company’s global finance organization, including accounting,
treasury, financial planning and analysis, tax and
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HealthStream Acquires Policy Management System ComplyALIGN for $2M
What You Should Know:
- HealthStream, a provider of workforce
and provider solutions for the healthcare industry acquires
ComplyALIGN (incorporated as ProcessDATA,
Ltd.), a Chicago-based healthcare technology company for $2M in cash.
-
The number of policies and procedures that a typical hospital needs to manage
and continue to process rarely falls below one thousand. Staff members must
know what’s expected of them and have rules and procedures to guide their
day-to-day
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Capital BlueCross Taps NeuroFlow Support Member Mental Health
What You Should Know:
- Capital BlueCross, a health insurer serving a 21-county region in Central Pennsylvania and the Lehigh Valley by offering health insurance products, services, and technology solutions has signed a partnership with tech-enabled behavioral health company Neuro Flow.
- As part of its commitment to offering members the best
healthcare experience, Capital BlueCross has expanded its innovative
wellness resources to include a new mobile app focused on mental
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HHS Awards $20M in Funds to Increase Data Sharing Between HIEs & Immunization Registries
What You Should Know:
- The ONC today unveiled a series of investments to improve
the sharing of health information related to vaccination.
- The new investments will provide opportunities to track
vaccination progress, help clinicians contact high-risk patients, and help
identify patients due to receive the second dose of the vaccine.
The U.S. Department of Health and Human Services
acting through the Office of the National
Coordinator for Health Information Technology (ONC) today
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Tech-Enabled PBO RxBenefits Reaches $1.1B Valuation After Recapitalization
What You Should Know:
- Private equity firm Advent International announced that
it has completed a recapitalization of RxBenefits, the employee benefits
industry’s first and only technology-enabled pharmacy benefits optimizer (PBO).
- The transaction values RxBenefits at approximately $1.1
billion.
Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced that it has completed a recapitalization of RxBenefits, the
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Philips Acquires Medical Device Integration Platform Capsule for $635M
What You Should Know:
- Philips announces the acquisition of Capsule, a leading vendor-neutral Medical Device Integration Platform with a software-as-a-service business model
- The Capsule acquisition is a strong fit with Philips’
strategy to transform the delivery of healthcare along the health continuum
with integrated solutions.
Philips, today announced that it has signed an agreement to acquire Capsule Technologies, Inc., an Andover, MA-based provider of medical device
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