While their staff grappled with the medical toll of the COVID-19 pandemic, healthcare provider’s financial struggles went largely uncovered. But a 2021 KaufmanHall report revealed that hospital operating margins lag well behind pre-outbreak levels—a gap even the CARES Act assistance couldn’t help bridge. To make matters worse, cash flow has been bogged down in bureaucracy, further highlighting the need for providers to ensure fiscal stability.
Yet this recent financial blow is only part of a
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Health IT | News, Analysis, Insights - HIT Consultant
Google Shuts Down Health Division After VP Joins Cerner
What You Should Know:
- Google is eliminating its health division after VP, David Feinberg, MD, joins Cerner as its newest President and CEO, according to an internal memo, Insider first reports. In an internal memo sent by Jeff Dean, head of Google’s research division to employees stated Google Health will no longer function as a unit. Formed in 2018, Google Heath which included artificial-intelligence research teams Google Brain and DeepMind, as well as health teams from Nest Labs, the
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Dosis Expands Dosing Platform to Personalize Anemia Management
What You Should Know:
- Dosis, the AI-powered precision dosing platform on a mission to transform healthcare, has announced the release of its Strategic Iron Advisor (SIA) tool, the first precision dosing tool on the market for intravenous iron.
- SIA is a sub-module that works with Dosis’s existing anemia tool, Strategic Anemia Advisor (SAA), to personalize anemia management. SAA is widely used nationwide to personalize Erythropoiesis Stimulating Agents (ESA) dosing, and the SIA
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How Patient Interactive Systems Minimizes Nurse Burnout & Facilitates Patient Education
How interactive patient systems help hospitals support their nurses – ultimately allowing them to provide better patient care and work at the top of their licensure, while also educating patients in their care plans, and enhancing the overall patient experience with no expense to the nursing staff.
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The critical role of nursing, along with high nurse burnout
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Provider Adoption of Automated Revenue Cycle Operations On The Rise
What You Should Know:
- 78 percent of health systems are currently using or are in the process of implementing automation in their revenue cycle operations, according to recent survey results from AKASA, a South San Francisco-based revenue cycle management automation company. The key findings signal automation in healthcare is no longer an emerging trend but is mission-critical for driving efficiency and cost-effectiveness in revenue cycle operations.
- According to the
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Drug Diversion is Complicated: 5 Data-Related Challenges to Overcome
COVID-19 thoroughly dominated American life last year, contributing heavily to the kind of despair that drives drug overdose deaths, which soared last year as well.
This worrisome trend has intensified long-running concerns about how drugs like opioids find their way to abusers’ hands in the first place. One point of vulnerability stems from our healthcare systems, including employee diversion, a problem so big and complex only sophisticated computing can address it.
Over 81,000 drug
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Geisinger Unveils AI-Backed, Customizable Approach to Medical Billing
What You Should Know:
- Today, Geisinger announced a new AI-backed, customizable approach to medical billing where patients have the power to select zero-interest payment plans that that can be paid over a timeline of their choosing.
- The new offering in partnership with fintech startup, PayZen marks Geisinger as the first large health system in the country to deploy an AI-backed financing solution to create customized billing solutions that will help patients more easily afford
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Dynamic Care Demands Flexible Solutions: Filling Gaps in Acute Care
Healthcare professionals know that patient care never stands still from admission through discharge, but particularly when it comes to acute care settings. Critically ill patients are one of the most complex populations to care for, with their condition often deteriorating quickly and unpredictably. Coordinating care to safely monitor these patients across numerous care settings and facilities is a daunting task and the solutions that care teams rely on often can’t keep up. Gaps, delays, and
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Cerner Appoints Dr. David Feinberg as New President & CEO
What You Should Know:
Today, Cerner announced that its Board of Directors has appointed Dr. David Feinberg as its new President and Chief Executive Officer, effective Oct. 1. Dr. Feinberg succeeds Brent Shafer, who previously announced his decision to transition from chairman and CEO.
- Dr. Feinberg will serve as a member of the Board of Directors. Cerner’s current President, Donald Trigg, will leave Cerner. Cerner’s Board of Directors also announced that it will separate the roles of
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Nordic Capital and Insights Partners Acquires Inovalon for $7.3B
What You Should Know:
- Inovalon, a provider of cloud-based platforms empowering data-driven healthcare, today announced that it has entered into a definitive agreement to be acquired by an equity consortium led by Nordic Capital, and joined by Insight Partners, as lead co-investor, 22C Capital for $7.3 billion in cash.
- Under the terms of the agreement, Inovalon stockholders will receive $41.00 per share in cash for each share of Class A Common Stock or Class B Common Stock, representing
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