A survey suggests that 71% of accountable care organizations would rather quit the Medicare Shared Savings Program than assume down risks. Although ACOs are leading the transition from volume-based care to value-based care, a lot of them face the lack of confidence in meeting the quality and cost benchmarks. When ACOs don’t have adequate knowledge and control over the network, earning shared savings can be quite challenging. Data from disparate sources such as EHRs, payer claims, PMS and HIEs
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Health IT | News, Analysis, Insights - HIT Consultant
AI in Healthcare: Enhancing Risk Models to Predict the Future Cost of Care
Traditionally, providers and health systems have relied on claims-based risk models, such as the CMS-HCC, ACG, and DxCG, which were built to forecast the risk of populations, but not at an individual level. While these models give a fairly good estimation of the risk of the population, they exhibit unsatisfactory estimation if used to predict the risk at an individual level.Innovaccer Inc., a healthcare data activation company, has taken a major step towards revolutionizing the way we identify
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Providence St. Joseph Health, Blue Shield of California Team Up to Deliver Immediate Drug Cost Savings for Patients
Blue Shield of California and Providence St. Joseph Health has announced a new collaboration to help patients save hundreds of dollars a year on prescriptions. Providence St. Joseph providers are now using the new Drug-Cost Transparency Services, developed by Gemini Health LLC, and offered to Blue Shield of California plan members. Blue Shield is making the service available through its innovative collaboration with Gemini Health at no additional cost to providers.As drug costs rise, patients
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Patientco Joins Epic App Orchard Marketplace to Power Seamless Payment Experience
Patientco, a next-generation patient payment tech company has joined the Epic App Orchard Marketplace with two payments solutions:1. Patientco Patient Payments is a solution that supports self-service payments via MyChart.2. Patientco Encrypted Device Integration, which allows staff to collect payments without leaving the Epic workflow. Epic App Orchard IntegrationPatientco Patient Payments is directly embedded in Epic’s MyChart, enabling patients to pay their healthcare bills how they prefer,
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Providence St. Joseph Health & Microsoft Form Alliance to Deliver Healthcare Innovations
Providence St. Joseph Health (PSJH), one of the nation’s largest health systems, announced today that it will enter into a multi-year strategic alliance with Microsoft that will enable PSJH to bring new solutions to the market to address clinical and operational needs, which will ultimately streamline and improve the patient and caregiver experience. This alliance will result in an innovative facility that will showcase cloud technology, AI and data, and analytics to increase the chances of more
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Cerner Appoints Tracy Platt As New EVP & Chief Human Resources Officer
Cerner announced today the appointment of Tracy Platt as its new Executive Vice President and Chief Human Resources Officer, effective July 15th. Under her leadership, she will be responsible for leading the company’s global Human Resources (HR) function, including organization development, integrated talent management, leadership development , and culture. Platt has more than 20 years of experience and joins Cerner after spending nearly 10 years in executive HR roles at Medtronic, a global
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Avaap Acquires Navigator Management Partners to Expand Depth in IT Advisory & Management Consulting
Avaap, an industry-focused IT advisory and management consulting firm, today announced its acquisition of Navigator Management Partners, a cross-platform management and technology consulting firm specializing in ERP systems, business intelligence (BI), and change management. The combined organization creates a depth and breadth of services for the major ERP platforms for organizations in healthcare, retail, higher education, non-profit, government, manufacturing, and other commercial
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Paperless Beyond EMRs: 3 Reasons Why Healthcare Should Switch to Online Forms
Electronic medical records (EMRs) introduced a new era of healthcare management. Should healthcare operators want to venture farther, they may need to consider digitizing their internal operations, as well.Hospitals and clinics present extremely complex environments to manage. There is little wonder that manual and piecemeal approaches to everyday operations are no longer sufficient. Many healthcare operators are therefore turning to modern technologies. They can be optimized to make healthcare
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KLAS: Are Revenue Cycle Outsourced Services Worth The Investment?
One-third of providers have buyer’s remorse when it comes to purchasing revenue cycle outsourcing services, according to a recent KLAS report. Provider organizations investing in outsourced revenue cycle services to relieve cost and resource burdens need their firms to take true ownership of the complex revenue cycle and deliver accordingly.For the report, KLAS spoke to 140 provider organizations using RCO or EBOS to determine which firms are delivering and which are falling behind. The KLAS
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Survey: How Healthcare Deploys Software as a Service (SaaS) Apps
The global healthcare cloud computing market was recently valued at approximately $18 billion and is expected to generate around $61 billion USD by 2025, at a CAGR of around 18.7% between 2019 and 2025. Key factors driving this growth are the adoption of IoT, wearable devices, and big data analytics.Software as a Service (SaaS) is a service model in cloud computing whereby the vendor provides a complete package of software applications over the Internet to their customers, who subscribe for this
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