Industry experts state that orphan drugs will be a major trend to watch in the years ahead, accounting for almost 40% of the Food and Drug Administration approvals this year. This market has become more competitive in the past few years, increasing the potential for reduced costs and broader patient accessibility. Currently, these products are often expensive because they target specific conditions and cost on average $147,000 or more per year, making commercialization
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Health IT | News, Analysis, Insights - HIT Consultant
5 Post-Acute Care Industry Trends to Watch in 2021
What You Should Know:
- Healthcare technology company Forcura names the five
most significant trends for the post-acute care industry in 2021.
The post-acute care (PAC) sector saw some of its most
profound challenges this year, from deadly COVID-19
outbreaks in skilled nursing facilities (SNFs) to a suddenly accelerated need
for the services provided by home health and hospice. The biggest question now
is that what does the post-acute care future hold for all of us?
Forcura, a
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Gaps in Clinical Communication, Document Exchange Lead to Gaps in Care
Communication problems and inadequate information flow are two of the most common root causes of medical errors. The potential for miscommunication and faulty exchange of information in healthcare is substantial.
Consider: patient information is dispersed among multiple providers and payers along the continuum of care. Electronic Health Records (EHRs) and other clinical systems do not capture patient information or format medical documentation in a standardized manner. In an environment with
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M&A: EverCommerce Acquires Healthcare Communication Platform Updox
What You Should Know:
- Service commerce platform EverCommerce acquires Dublin,
OH-based Updox, a healthcare communication platform for in-person and virtual
care.
- The acquisition
expands EverCommerce’s health services portfolio and enables the companies to
further their shared goal of simplifying the business of healthcare and
facilitating the growth of healthcare practices.
Today, EverCommerce, a leading service commerce platform, completed the acquisition of Updox, a
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AMA Adds 3 Additional CPT Codes for AstraZeneca’s COVID-19 Vaccine
What You Should Know:
- The American Medical Association (AMA) announced the addition of three Current Procedural Terminology (CPT) codes for AstraZeneca's COVID-19 vaccine.
The American Medical Association (AMA) today announced that
the Current Procedural Terminology (CPT®) code set is
being updated by the CPT Editorial Panel to include immunization and
administration codes that are unique to the COVID-19 vaccine under development
by AstraZeneca and University of
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Virginia Gov Announces $10M in CARES Act Funding to Create Statewide Coordinated Care Network
What You Should Know:
- The governor of Virginia announced that the state
will allocate $10 million from the federal CARES Act to
implement a statewide integrated technology platform, Unite Virginia designed
to connect vulnerable Virginians to crucial health and social services.
- Unite Virginia will utilize the Unite Us platform to create
a statewide coordinated care network to help government
agencies,
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Intrado Acquires EHR-Embedded Closed-Loop Solution Asparia – M&A
Intrado Corporation (“Intrado” or the
“Company”), a global leader in technology-enabled services, announced today
that it has acquired
Asparia, Inc., a leading provider of
patient engagement solutions for health systems, hospitals, and medical practices.
EHR-Embedded Automated Patient Communication Platform
Asparia acts as the communications bridge between the EHR and patients. The company’s simple, easy-to-use platform complements existing functions and reduces staff burden
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For Better Patient Care Coordination, We Need Seamless Digital Communications
A recent Advisory Board briefing examined the annual Centers for Medicare & Medicaid Services (CMS) Readmission penalties. Of the 3,080 hospitals CMS evaluated, 83% received a penalty for payments to be made in 2021, based on expected outcomes for a wide variety of treated conditions. While CMS indicated that some of these penalties might be waived or delayed due to the impacts of the Covid pandemic on hospital procedure volumes and revenue, they are indicative of a much larger
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M&A: Zipari to Merge with Healthx to Create Leading Consumer Experience Platform for Healthcare Payers
What You Should Know:
- Zipari, the first and
only consumer experience platform built specifically for health insurance,
today announced a strategic growth investment from private equity firm Thoma Bravo, valuing the company at more
than half a billion dollars. As part of the strategic investment, Zipari will merge
with Healthx, a provider of
trusted healthcare engagement technologies, to create the leading CX platform
and solutions for health insurance payers and third-party administrators.
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M&A: Gainwell to Acquire HMS for $3.4B in Cash
What You Should
Know:
- Veritas Capital (“Veritas”)-backed Gainwell Technologies
(“Gainwell”), a leading provider of solutions that are vital to the
administration and operations of health and human services programs, today
announced that they have entered into a definitive agreement whereby Gainwell
will acquire HMS, a technology, analytics
and engagement solutions provider helping organizations reduce costs and
improve health outcomes.
- With over 7,500 employees, Gainwell Technologies
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