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Health IT | News, Analysis, Insights - HIT Consultant

InstaMed Launches Blockchain App Prototype for Healthcare Payments

by Jasmine Pennic 04/05/2019 Leave a Comment

InstaMed Launches Blockchain App Prototype for Healthcare Payments

InstaMed, a healthcare payments network, announced that it released a blockchain app prototype to demonstrate how blockchain technology could be leveraged for the interaction points among providers, payers and consumers including claim submission, claim adjudication, claim payment, patient billing, and patient payment. InstaMed built the blockchain prototype on HL7 FIHR v4. Full Visibility into Full Lifecycle of A Patient EncounterProviders and payers nationwide are challenged to find ways to
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Innovaccer Launches AI-Assisted Solution to Address the Social Determinants of Health

by Fred Pennic 04/04/2019 Leave a Comment

Innovaccer Launches AI-Assisted Solution to Address the Social Determinants of Health

Innovaccer Inc., the leading San Francisco-based data activation company, announced today the launch of its SDOH Management solution tailored to capture SDOH data and leverage it to deliver enhanced care, powered by its Data Activation Platform. Created after months of extensive research & development (R&D), Innovaccer's goal of the solution is to empower physicians and care teams with visibility into the social needs of their patients, right in the moment of care. How Non-Clinical
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HealthVerity Raises $25M for Cloud Marketplace for Licensing Patient Data

by Fred Pennic 04/04/2019 Leave a Comment

HealthVerity Raises $25M for Cloud Marketplace for Licensing Patient Data

HealthVerity, a Philadelphia, PA-based company focused on the rapid creation, exchange, and management of healthcare and consumer data has raised $25 million in Series C funding led by existing investor Foresite Capital with participation from Flare Capital Partners, Greycroft Partners, and other existing investors. The company plans to use the funding to support continued growth and investment in HealthVerity’s technology platform and go-to-market activities.HealthVerity BackgroundFounded in
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AHIMA, AHCA Partner to Train Skilled Nursing Facilities in ICD-10 Coding to Prepare for New Patient Driven Payment Model

by Jasmine Pennic 04/04/2019 Leave a Comment

AHIMA, AHCA Partner to Train Skilled Nursing Facilities in ICD-10 Coding to Prepare for New Patient Driven Payment Model

The American Health Information Management Association (AHIMA) has announced a collaboration with the American Health Care Association (AHCA) to provide in-depth coding and clinical documentation improvement (CDI) training programs. The goal of the collaboration is to help professionals in skilled nursing facilities (SNF) prepare for the upcoming payment reimbursement change.New, Value-based Patient Driven Payment Model (PDPM) Beginning October 1, 2019, the Centers for Medicare and Medicaid
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AMA, UnitedHealthcare Develop ICD-10 Codes to Support Social Determinants of Health

by Fred Pennic 04/03/2019 Leave a Comment

Social determinants of health

UnitedHealthcare and the American Medical Association (AMA)  are teaming up to support using data for social determinants of health (SDOH) to improve and simplify how referrals are made to social services. The collaboration builds off work initiated by UnitedHealthcare to standardize how data is collected, processed and integrated regarding critical social and environmental factors that contribute to patient well-being. New ICD-10 related to Social Determinants of Health (SDOH) Today, nearly 80%
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Medical Informatics Corp. Raises $11.9M for FDA-Cleared Patient Monitoring and Predictive Analytics Platform

by Fred Pennic 04/03/2019 Leave a Comment

Medical Informatics Corp. Raises $11.9M for FDA-Cleared Patient Monitoring and Predictive Analytics Platform

Medical Informatics Corp. (MIC), a Houston, TX-based provider of an FDA-cleared patient monitoring and predictive analytics platform has raised $11.9M in Series A funding led by Data Collective Venture Capital (DCVC) with significant participation from Intel Capital and the Texas Medical Center (TMC) Venture Fund.The Inaccurate State of Today’s Predictive Analytics in Hospital SystemsHospital systems across the country are searching for ways to use machine learning and AI to get ahead of
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NTT DATA Services Acquires Cognosante’s Healthcare IT Consulting Division

by Jasmine Pennic 04/03/2019 Leave a Comment

NTT DATA Services Acquires Cognosante’s Healthcare IT Consulting Division

NTT DATA Services, a provider of global technology services has acquired Cognosante Consulting, LLC, the consulting division of Cognosante, a provider in health information technology solutions and services for federal and state health agencies.Cognosante Consulting OverviewCognosante Consulting provides IT strategy, planning, quality assurance and project management for state health and human services (HHS) agencies undergoing large-scale Medicaid and related human services IT and business
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HealthAxis Group Acquires BI/Data Warehouse Company Analytics Partners

by Jasmine Pennic 04/03/2019 Leave a Comment

HealthAxis Group, an IT solutions provider for healthcare payers, including TPA's and insurance companies has acquired Analytics Partners, a provider of business intelligence and data warehouse solutions for healthcare organizations. Under terms of the acquisition, HealthAxis Group will acquire Analytics Partners stock and assets and will begin consolidating all business under the HealthAxis Group brand.Analytics Partners OverviewAnalytics Partners specializes in analytics solutions such as
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Telemedicine: A Potential Remedy to Rural Healthcare Ills?

by Mary Tolan, Co-Founder and Managing Partner at Chicago Pacific Founders 04/03/2019 Leave a Comment

Volume to Value: The Transformation Poised to Revolutionize Medicine

Mary Tolan, Co-Founder & Managing Partner at Chicago Pacific Founders The symptoms are innocuous enough at first. They begin with simple fatigue; readily explainable by a day spent working under the hot sun. The thirst sets in next, then the persistent hunger. The farmer brushes his symptoms off as simple work-caused exhaustion, and rationalizes that anyone would be tired, hungry, and thirsty after a long day in the field - he's getting older, after all. He thinks little of it until his
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Behavioral Health Startup Blueprint Nabs $1.3M for Mental Health Assessment Platform

by Fred Pennic 04/02/2019 Leave a Comment

Behavioral Health Startup Blueprint Nabs $1.3M for Mental Health Assessment Platform

Blueprint (formerly known as HelloJoy), a Chicago, IL-based behavioral health company whose software allows mental health clinicians to efficiently practice measurement-based care (MBC) has raised $1.3M in seed funding led by Lightbank and Hyde Park Angels. The company plans to use the capital to expand its clinician outreach and grow its engineering and sales teams. Impact of Measurement-based Care (MBC) Today, 43 million Americans suffer from a mental illness, but there are only 28K
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