– Healthcare Growth Partners’ (HGP) summary of Health IT/digital health mergers & acquisition (M&A) activity, and public company performance during the month of January 2020.
Ten years into the bull market, we operate in a heightened state of awareness for any indication of market weakness that may signal a downturn. While debt levels are rising and GDP growth somewhat sluggish, the world of private equity, public equity, and M&A continues to be in full swing bull market
Read More
Health IT | News, Analysis, Insights - HIT Consultant
Life Image Launches Network Build to Help Providers Build Large-Scale Patient Data Networks
- Life Image launches Network Build Enterprise Solution to help healthcare organizations establish their own network connections to coordinate care and innovate. - Network Build allows healthcare organizations to create customized medical networks that can handle intensive data (e.g. diagnostic images, pathology, genomics, etc.) critical for advancing medical device development, clinical trials and more.Life Image, the world’s largest medical evidence network for clinical and imaging data,
Read More
XIFIN Introduces Transformative AI-Enabled Revenue Cycle Platform
- The latest version of XIFIN’s flagship RCM platform optimizes cash collections, enables real-time connectivity and error correction, and provides enhanced self-service for patients and physicians.- Unlike other RCM systems that require manual efforts once the claims are denied, XIFIN RPM 11 reduces costs and delivers denials and appeals process automation, including automatic generation of payor-specific appeal forms and appeal letters.Today’s diagnostic laboratory leaders face more challenges
Read More
CAQH CORE Approves Two-Day Rule to Accelerate Prior Authorization Process
- CAQH CORE participating organizations--consisting of healthcare providers, health plans, vendors, government entities, associations and standard-setting organizations--have come together to pass a national two-day time limit for plans to request additional info and make final decisions on prior authorization requests.
- Prior authorizations are the most costly, time-consuming administrative transaction for providers. And when the process takes too long, it can delay patient care.
- Over
Read More
Cerner Sells Off Parts of Healthcare IT Business in Germany and Spain for $248M
- Cerner sells off parts of healthcare IT business in Germany and Spain to Germany company CompuGroup Medical SE for EUR 225 million ($247.5M USD).
- The acquired assets include "medico" and "Soarian Integrated Care", hospital information systems (HIS) in Germany, Selene, a HIS in Spain, and "Soarian Health Archive", a document archiving solution for healthcare providers.
- The sell-off by Cerner reflects the company’s overall growth strategy and optimized approach to portfolio management.
Read More
El Camino Health Offers Personalized Chatbot to Patients with COPD
- El Camino Health is now offering personalized virtual health assistant to patients suffering from COPD via Conversa Health partnership designed to improve respiratory care coordination and patient experience.
- Innovative 2 BREATHE (Be Resilient EAch Time after a Hospital Event) chat program leverages Conversa’s patient engagement platform assigns patients with a respiratory therapist and a pulmonary nurse practitioner for personalized treatment to help patients breathe easier.
Read More
Lumos Diagnostics Raises $15M to Expand Point of Care Diagnostic Solutions Internationally
- Lumos Diagnostics raises $15M in Series A funding to support the international expansion of its point of care diagnostic solutions.
- Lumos provides assay development and manufacturing services for customized POC tests as well as directly develops, manufactures and will commercialize a suite of proprietary Lumos-branded POC tests that focus on the systemic host immune response.
Lumos Diagnostics, a Sarasota, FL-based health IT company, today announced it has raised $15M in Series A
Read More
3 Ways Healthcare IT Depts Can Start Prepping for “Medicare For All”
Once a long-shot, the idea of universal healthcare in the U.S. is inching closer to reality, particularly as many 2020 candidates promise an expedient implementation of a national federally-run program (or some version of it). Nearly half of doctors support a “Medicare for all” model, and while this won’t change the practice of medicine, it will greatly affect how those providers use technology to run their businesses.
This is particularly true for small- and medium-sized providers; large
Read More
Norton Healthcare Fights Opioid Epidemic with PDMP Integration in Epic EHR
- Norton Healthcare, a health system serving patients in Kentucky and southern Indiana, is now deploying Appriss Health technology to integrate its prescription drug monitoring program (PDMP) with its Epic electronic health record (EHR). - The solutions enable Norton Healthcare providers to share PDMP information across state lines and provide advanced analytic insights to improve opioid stewardship and help identify, prevent and manage substance use disorder in patients. - This is helping to
Read More
UAB Health System, TransformativeMed Partners to Streamline Clinical Workflows
- The University of Alabama at Birmingham (UAB) Health System will implement three TransformativeMed apps to increase workflow efficiency, enhance clinical communications and improve clinician experience- The TransformativeMed applications that UAB is implementing are fully integrated, enabling residents and staff to quickly extract, evaluate, document and take action on data from multiple sources, regardless of their location.TransformativeMed, a Seattle, OR-based provider improving the
Read More
