Hospital revenue cycle departments have gained greater visibility in recent years as a significant driver of revenue streams. Yet many of these departments continue to face serious challenges in several areas, including workforce, interoperability, and EHR optimization.Taking revenue cycle management to the next level by harnessing technology and data analytics can help hospitals and health systems track costs and identify opportunities for cost savings, gain efficiencies, and optimize financial
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Health IT | News, Analysis, Insights - HIT Consultant
Chilmark Report Reveals Strategies and Tools for Bundled Payment Programs
Recent CMS rule changes have once again brought bundled payments into the national spotlight. Addressing established uncertainty amongst payers and providers on the future of bundled payments, Chilmark’s latest report analyzes the market trends shaping this space and describes available health IT solutions to help healthcare organizations (HCOs) adapt to these new value-based payment programs.Challenges to Bundled Payment ProgramsThe report, Bundled Payments: Current Strategies and Tools, starts
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Boston Children’s Hospital Partners With Patient Navigation Platform Medumo
Pediatric hospital Boston Children’s Hospital has partnered with Medumo, a patient navigation platform whose technology promotes better patient engagement and activation, to deliver a targeted pediatric care messaging service to improve access and patient experience. Loss-to-follow-up missed appointments, and improper procedure preparation or discharge follow up leads to worse patient outcomes and is a multi-billion dollar a year problem to hospitals.Exclusive License with DisCoWith this
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Healthcare Data Platform Innovaccer Closes $35M Series B Round
Silicon Valley-based healthcare data platform company Innovaccer, announced that is has closed $35 million in Series B funding, led by Microsoft’s investment arm M12 (formerly known as Microsoft Ventures), Westbridge Capital with participation from Lightspeed Ventures. The latest round brings the total capital raised by Innovaccer to $51 million. Founded in 2014, Innovaccer Inc. is on a mission to drive efficiency in healthcare by unleashing the power of data. Its leading healthcare data
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PerfectServe Acquires Secure Communication Platform Telmediq
PerfectServe, a provider of cloud-based clinical communication and collaboration (CC&C) solutions, announced the acquisition of secure communications platform Telmediq . The combined power of PerfectServe and Telmediq to connect physicians and nurses across the healthcare continuum creates a clear choice for healthcare organizations looking for a wide-ranging care team collaboration functionality, higher service levels and the latest advancements in technology. Telmediq unifies
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Definitive Healthcare Acquires HIMSS Analytics’ Data Services Business
Definitive Healthcare, a provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the vendor data services business of HIMSS Analytics, which includes the Logic, Predict, Analyze and custom research products. The acquisition will build on the Definitive's articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market.“HIMSS Analytics has developed an extraordinarily
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Cerner Co-Founder & Vice Chairman Cliff Illig Announces Retirement
Cerner, announced today that Cliff Illig, company co-founder and vice chairman of the board of directors, has retired from Cerner to focus on outside interests. Illig co-founded Cerner in 1979 and has served on the board since 1980. He has been vice chairman since March 1999, except for July 2017 through February 2018, when he was chairman of the board and interim CEO. Illig previously served as the company’s chief operating officer until October 1998, and as president of Cerner until March
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7 Steps to Data Lake Success: What Payers Need to Know Before Diving In
There is a promising new trend in healthcare data science. Innovative health payers are beginning to complement their use of structured data with raw data – from healthcare transactions, physician notes, digital health applications, and more – to make decisions that affect population and individual member health.As payers have massive amounts of both types of data at their disposal, the concept of a “data lake” is gaining traction. A data lake stores both structured and unstructured data without
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Change Healthcare, Health Fidelity Collaborate to Offer NLP-Driven Risk Adjustment Solution
Change Healthcare today announced that it is collaborating with Health Fidelity to offer a risk adjustment solution that embeds natural language processing (NLP) and machine learning technology into its risk adjustment coding offering to help Medicare Advantage, ACA commercial, and Medicaid payers increase claim accuracy and better address compliance obligations.How AI Can Transform Risk AdjustmentIn today’s value-based environment, health plans are under mounting pressure to submit
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2018 Healthcare M&A in Review: 4 Trends Reshaping the Healthcare Landscape
The trend of mergers between large healthcare provider organizations continued in 2018, as the average size in revenue of sellers (defined as the smaller of two organizations in a transaction) reached $409 million, according to Kaufman Hall's new report, 2018 M&A in Review: A New Healthcare Landscape Takes Shape. This is the highest figure seen since Kaufman Hall began tracking this metric in 2008. It also represents a compound annual growth rate (CAGR) of almost 14 percent in the average
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