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Health IT | News, Analysis, Insights - HIT Consultant

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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Imprivata Integrates Biometric ID with Verato’s Patient Matching

by Jasmine Pennic 04/02/2019 Leave a Comment

Imprivata Integrates Biometric ID with Verato’s Patient Matching

Imprivata, a healthcare IT security company, and Verato, a provider of patient identity matching solutions, today announced an integration partnership to offer a comprehensive solution for patient identification and record matching challenges. The integration will link links Imprivata PatientSecure, a positive patient identification solution for healthcare, with Verato Universal™ MPI, a cloud-based master patient index (MPI) solution powered by Verato’s proprietary referential matching
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MEDITECH Expands EHR Subscription Offering Beyond Critical Access Hospitals

by Jasmine Pennic 04/02/2019 Leave a Comment

MEDITECH Expands EHR Subscription Offering Beyond Critical Access Hospitals

EHR vendor MEDITECH, today announced MaaS (MEDITECH as a Service) is now available to community health systems. Offered initially to Critical Access Hospitals (CAHs), larger community health systems now have the opportunity to utilize MaaS and the many benefits that come with a cost-effective subscription to MEDITECH Expanse. Meditech MaaS Subscription Overview MaaS is a cloud-based EHR subscription that provides health systems with full access to Expanse, MEDITECH’s web-based platform.
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Consumerization of Healthcare: Why Differentiation is Critical for Clinics

by Dr. Tashfeen Ekram, Co-founder and Chief Medical Officer at Luma Health 04/01/2019 Leave a Comment

Consumerization of Healthcare: Why Differentiation is Critical for Clinics

The consumerization of healthcare is upon us. As retail pharmacies expand their reach and giant tech companies such as Apple and Amazon enter the market, we are transitioning from patients to healthcare consumers with more options and more purchasing decisions to make. Whether this shift will prove beneficial to overall health remains to be seen, but one thing is clear: patients are being faced with an increasing number of decisions to make that have immediate effects on health and wellbeing.
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Research: Doctors More Likely to Prescribe Therapies Using EMR Dashboards

by Fred Pennic 04/01/2019 Leave a Comment

Research: Doctors More Likely to Prescribe Therapies Using EMR Dashboards

Purely educating doctors about the importance of prescribing certain therapies may not be enough to make a meaningful impact, according to a new Penn Medicine study published in the Joint Commission Journal on Quality and Patient Safety. Using acid suppression therapy--an effective method of reducing the risk of gastrointestinal bleeding in vulnerable cardiac patients--Penn researchers tested interventions that utilized both education and an EMR dashboard to provide doctors with up-to-date
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KLAS Report: Nurse EHR Satisfaction Significantly Higher Than Physicians

by Fred Pennic 03/29/2019 Leave a Comment

KLAS The Nurse EHR Experience Report

On average, nurses report significantly higher EHR satisfaction than physicians, according to the latest KLAS report. Today, nurses outnumber physicians in the United States four to one. The report, The Nurse EHR Experience: An Arch Collaborative Impact Report 2019 measures the nurse EHR experience and identifies opportunities for improvement in the nurse experience and what the nurse experience can teach other groups of clinicians about how to succeed with the EHR.Nurses EHR Experience
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Patient Access Solution Clearwave Receives Growth Equity Investment

by Jasmine Pennic 03/29/2019 Leave a Comment

Growth Equity Firm Frontier Capital Invest in Clearwave's Self-Service Registration Solution

Clearwave Corporation, an Atlanta, GA-based provider of patient access solutions via, mobile, kiosk and desktop self-service solutions has received a significant growth equity investment from Frontier Capital. Based in Charlotte, Frontier Capital’s firm is focused exclusively on software and tech-enabled business services companies.Investment FocusFrontier’s investment is intended to support Clearwave as it embarks on its next phase of innovation and growth in seeking to improve the customer
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Healthcare M&A: How Carestream Will Change Philips Strategy in Imaging Informatics

by Steve Holloway, Director at Signify Research 03/28/2019 Leave a Comment

Philips-to-Acquire-Carestream-Health’s-Health-IT-Business-Unit

Earlier this month, Philips Healthcare announced it had signed an agreement to purchase the IT business (HCIS) of Carestream Healthcare for an undisclosed amount. The deal, expected to close in the second half of the year, is one of the largest M&A moves in the imaging informatics market for some time. While it was one of the worst kept secrets in the industry that the owners of Carestream were looking for a buyer, the decision to split off the HCIS business of Carestream was more of a
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The Rule of 40 in Health IT: Should your Company Prioritize Profitability or Growth?

by Laura Gama and George Bailey at Healthcare Growth Partners 03/27/2019 Leave a Comment

Rule of 40 in Health IT

George Bailey, Associate at Healthcare Growth Partners (Left)Laura Gama, Investment Banking Analyst at Healthcare Growth Partners (Right)   Among the venture capital and growth equity community, a common rule of thumb for software companies is the “Rule of 40”. The rule simply states that a healthy software company’s net profitability + revenue growth rate should exceed 40%. This rule provides a guideline to balance the trade-off between revenue growth and profitability, a question many of
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