Three venture-backed health IT companies completed IPOs in July, ending an almost three-year drought of health IT IPOs. Share prices soared following each IPO, indicative of the enthusiastic response and a desire to see more health IT companies make their way toward public debuts. Composition of revenue, gross margin, and growth are key differentiators between these and all companies and key drivers of valuation. Given the enthusiastic shareholder response to these listings, we
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Health IT | News, Analysis, Insights - HIT Consultant
CVS Caremark’s Drug Hyperinflation Strategy Lowers Costs for Clients
In 2017, CVS Caremark established a hyperinflation drug removals program to help rein in skyrocketing pharmaceutical costs for its clients. This program reviews drug price inflation on a quarterly basis and removes drugs with especially big price tags with lower-priced, clinically equivalent alternatives.
CVS Caremark’s hyperinflation drug removal program was able to save clients more than $15 per 30-day supply, spending $88.30 on average (per 30-day supply) compared to $102.58 for those on
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Dysfunctional Patient Billing Major Distraction for Patients & Clinicians
Dysfunctional patient billing is a major distraction for both patients and clinicians, according to recent research conducted by HIMSS in partnership with OODA Health. The research report reveals patients are distracted by bills and payment concerns resulting in a lower level of compliance and adherence to medical plans. Clinicians are distracted by clerical/financial tasks that limit time with or take time away from patients. This research complicates the simple construct of patient billing as
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MaineGeneral Health Expands Allscripts Sunrise EHR Footprint Through 2027
· MaineGeneral Health expands Allscripts Sunrise EHR footprint through 2027
· Implementing Allscripts ambulatory platform will help MaineGeneral Health achieve a single clinical patient record
· FollowMyHealth solutions will serve as the foundation for patient engagement strategy
MaineGeneral Health has expanded its Allscripts Sunrise EHR footprint through 2027, which includes the implementation of Sunrise Ambulatory Care, the entire Sunrise Perioperative suite
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Top 5 Factors Impacting the US Population Health Management Market
The North American Population Health Management (PHM) reached the $4 billion milestone for the first time in 2018, despite growth slowing for the second consecutive year. With the US provider market consolidating and vertical integration increasing, vendors are having to adapt their offerings to keep up with changing needs. Here is our take on the five trends that will impact market growth over the coming years:
1 – A Market Still Maturing
As the market has evolved, providers are taking
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American Well Integrates Telehealth App with Epic EHR Via Epic App Orchard
Telehealth provider American Well today announced it has joined the Epic App Orchard marketplace. As part of the joining the Epic App Orchard marketplace, American Well’s Telehealth Clinical app now makes video visits available from directly within Epic MyChart, enabling health systems' providers to incorporate video as part of care delivery.Importance of Telehealth Integration with EHRs and Patient PortalsTelehealth integration within the EHR and patient portals is more critical than ever, as
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Innovaccer Unveils Referral Management Solution to Reduce Network Leakage
Innovaccer Inc., a San Francisco-based healthcare data activation company, today announced the launch of their Referral Management solution. The solution is aimed at assisting healthcare organizations to manage all referrals in one place to minimize network leakage and improve health outcomes.Hospitals Still Lack Defined Communication ChannelsEven after years of investing in value-based care, healthcare still lacks defined communication channels to connect providers and patients. Organizations
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Imprivata, Vocera Integrate for Secure and Convenient Clinical Mobile Device Authentication
Healthcare IT security company Imprivata and Vocera Communications, a provider of clinical communication and workflow solutions, today announced an integration partnership to help healthcare organizations unlock the full potential of mobility in healthcare. Combining Imprivata Mobile Device Access with Vocera Collaboration Suite, the partnership enables fast, familiar authentication into shared clinical mobile devices and the Vocera smartphone app, eliminating the burden of manual logins for
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How Will FY2020 IPPS Proposed Rule Affect Hospital CDI Programs?
In April, Centers for Medicare and Medicaid Services (CMS) released the fiscal year (FY) 2020 inpatient prospective payment systems (IPPS) proposed rule. The proposed rule notably includes approximately 1,500 complications or comorbidities (CC)/major complications or comorbidities (MCC) designation changes and 324 changes to International Classification of Diseases (ICD)-10-CM codes, along with several other updates. The designation changes are an effort to respond to the notion that the
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Personalized Community Referrals PowRx App Joins Epic App Orchard Marketplace
NowPow has added its PowRx app to the Epic App Orchard marketplace, allowing providers to e-prescribe Personalized Community Referrals at scale — all within the EHR workflow — helping ensure patients can stay well, meet basic needs, manage with illness and care for others. The announcement marks the second NowPow app to join the App Orchard. The At The Ready app was added in 2018 to enable providers to find resources for patients.Why Personalization Is Key to Reducing Referral Access
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