Jump Technologies, a hospital supply chain solutions provider, today announced it has raised $2 million in funding led by Black Granite Capital and includes new strategic investor Mount Sinai Ventures and reinvestment by two large investors. The Eagan, MN-based company plans to use the latest round of funding to expand the company’s national sales efforts and support broader product development.Supply Chain Management Is Often Overlooked in HospitalsInventory management in hospitals is often
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Health IT | News, Analysis, Insights - HIT Consultant
Collective Medical Integrates With California CURES 2.0 Database to Improve ED Provider Experience
Collective Medical, a large effective network for care collaboration, announced that California emergency department (ED) physicians now have access to California’s Controlled Substance Utilization Review and Evaluation System (CURES 2.0) prescription drug data through the Collective Platform. The integration between CURES 2.0 and the Collective Platform simplifies physician workflow to ensure ED providers have essential opioid prescription history information about a patient in real-time at the
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Jackson Health Expands 11-Year Partnership with Philips with End-to-End Managed Service for Healthcare IT
Philips, today announced that Jackson Health System is expanding on the world’s first, 11-year long-term strategic partnership for Enterprise Monitoring as a Service (EMaaS) by implementing IntelliSpace Enterprise Edition, including Philips PerformanceBridge. Philips IntelliSpace Enterprise Edition is a scalable, interoperable and secure end-to-end managed service for healthcare IT. By expanding the partnership, the two are taking their long-term collaboration forward to drive meaningful
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CareCloud Expands Revenue Cycle Management Offerings for Accurate Billing & Faster Payments for Practices
CareCloud, the platform for high-growth medical groups, today announced that it has expanded its revenue cycle management (RCM) services to help practices realize greater productivity and revenue gains through more accurate billing and faster payments. Starting today, current CareCloud clients may now add an additional payment posting service layer on top of their CareCloud practice management or electronic health record software subscription. Through this service, CareCloud will make sure every
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Virta Health Puts 100% of Fees at Risk with New Value-based Care Model
Virta Health unveils new value-based care model that makes every dollar performance-based, with the majority tied to health outcomes for diabetes reversal. Virta Health, a San Francisco, CA-based provider of a clinically-proven treatment to safely and sustainably reverse type 2 diabetes without the use of medications or surgery, today announced a unique value-based care model that puts 100% of its fees at risk. The new model ensures that every dollar is tied performance-based benchmarks to
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DrChrono Releases Physical Therapy EHR Bundle with Integrated Digital Home Exercise Prescription and Outcome Tracking Feature
Mobile EHR provider DrChrono, today announced a new integrated Physical Therapy and musculoskeletal (MSK) EHR bundle designed to help providers easily engage patients through exercise program prescription, educational content, and outcomes tracking. The new bundle includes a smartphone, tablet and the ability to support telemedicine consultations before, during or after direct patient treatments, along with Physitrack’s complete platform of tools.DrChrono Physical Therapy EHR Bundle
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M&A: Veritas and Evergreen Coast Capital to Acquire athenahealth for $5.7B
athenahealth, Inc., today announced private equity firms Veritas Capital and Evergreen, the private equity subsidiary of Elliott Management will acquire athenahealth for approximately $5.7 billion in cash ($135 per share). The acquisition comes months after Elliot Management made an unsolicited bid to acquire the company for $6.5B.Financial DetailsUnder the terms of the agreement, athenahealth shareholders will receive $135 in cash per share. The per share purchase price represents a premium of
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Revenue Leakage: How Big Data Can Address Challenging Denials at Academic Medical Centers
It’s no secret that many hospitals find themselves in faltering fiscal health lately. According to the Harvard Business Review, since the start of 2016, some of the nation’s top hospitals have lost hundreds of millions of dollars of income.These challenges can be especially pressing for academic medical centers (AMCs), who process a large volume of complex, high-ticket medical claims and generate revenue from direct patient care.Today, AMCs are finding themselves less insulated from changes in
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Survey: Most Physicians Fail to Share Prescribed Medication Costs with Their Patients
New DrFirst survey reveals almost 75% of consumers would change pharmacies to save money, yet the majority of physicians do not provide price information. With medication adherence being a critical factor in patients' long-term health, physicians are under increasing pressure to discuss costs with patients when they write prescriptions. Yet according to a recent DrFirst survey, fewer than half (44%) of consumers say their physician advised them about medication costs or offered lower-cost
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3 Major Misconceptions About Managed Print Services in Healthcare
Managed Print Services (MPS) is a concept that has been around for a long time and has many different definitions and even more approaches. At its very core, Managed Print Services is about controlling costs, providing transparency to utilization, and supporting the technical print environment. With that said there are many misconceptions when it comes to Managed Print Services overall and especially within healthcare.The healthcare environment is quite unique and provides challenges to many of
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