Rather unexpectedly, hospital results for October were quite favorable – with overall increased volume, revenue, and profitability compared with last year, according to the findings of Kaufman Hall’s latest National Flash Report. The latest October report provides a comprehensive look at metrics from more than 600 hospitals reveals profitability metrics rose more than 225 basis points (bps) for both EBITDA and Operating Margin compared to last month, and more than 125 bps compared to 2017.
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Health IT | News, Analysis, Insights - HIT Consultant
BlackBerry Named HIMSS Analytics Certified Consultant to Guides Organizations Through Stages of INFRAM
Today, BlackBerry announced it has become a HIMSS Analytics Certified Consultant to guide healthcare organizations through the stages of the Infrastructure Adoption Model (INFRAM), as well as ERAM. Professionally trained on the INFRAM, BlackBerry’s cybersecurity experts can assess a healthcare organization’s infrastructure architecture and help them achieve their desired INFRAM score.Understanding Infrastructure Adoption Model (INFRAM)Similar to the HIMSS Analytics Electronic Medical Record
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2018 Patient Access Journey Report: 6 Patient Access Trends to Watch
The annual survey from Kyruus Highlights patient access trends & opportunities for health systems to differentiate with a comprehensive and cohesive patient access strategy. Within a relatively short number of years, patient experience has become a top priority for many healthcare organizations as consumerism continue to grow in healthcare. However, with so many players involved in delivering patient care, health systems are at a disadvantage relative to organizations in other industries
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Revenue Cycle Startup Medpilot Nabs $1.7M to Expand Patient Financial Engagement Platform
MedPilot, a patient financial engagement platform working with outpatient facilities, hospitals, revenue cycle management companies, and practice management systems, announced it has raised $1.7 million in funding led by Hudson River Capital Partners, Valley Growth Ventures, Cedars-Sinai, TechStars, and investor Tom Hirschfeld. MedPilot’s will use the latest round of funding to further bolster their team and roll out additional new functionality in their patient financial engagement platform for
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BD Expands Integrated Medication Management to Help Tackle Hospital Drug Diversion
The news is full of stories about the opioid crisis and its impact on American society. Healthcare organizations are not immune to this crisis. High-stress jobs, injuries, and greater access to drugs are some of the key factors that contribute to “drug diversion” in hospitals, which can lead to serious patient safety issues, harm to the diverter, and significant liability risk to the organization. Analytics are transforming healthcare -- and because there are many points where diversion may
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Ricoh Unveils Interoperable, Secured Fax Alternative for Healthcare
Today Ricoh announced RICOH Healthcare Direct Services, an interoperable, secure and reliable fax alternative. At a time when information management and collaborative technologies are surging in other fields, patients can be left wondering why healthcare providers’ communication can be unreliable, potentially resulting in rescheduled appointments, lost lab results, and other costly or time-consuming errors. The State of the Fax Machine in Today's Healthcare EnvironmentAt a time when information
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Why Healthcare’s Spike in Cloud Adoption Raises Questions for Hospitals & Security Practitioners
It might come as a surprise, being in one of the most highly-regulated industries around, that the healthcare sector has made significant strides when it comes to embracing the public cloud and the myriad cloud applications that exist today. Messaging apps like Slack enable rapid communication while file sync and share apps like Box enable instant collaboration. A good example of a cloud app that has become essential in large enterprises is Microsoft’s Office 365. Adoption in the healthcare
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8 Common Characteristics of Successful Standalone Hospitals
The Chartis Group shares 8 characteristics of successful independent hospitals and provides an assessment for hospital executives. Over the last 20 years, the percentage of U.S. hospitals over 200 beds, that are part of health systems, has risen from 56 percent to 77 percent. This trend continues as local regional and national health systems expand in search of greater scale, financial stability, and market presence. This seemingly inexorable trend towards systems expansion has caused industry
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Digital Innovation & the First Mover Advantage for Health Systems
It’s no secret that healthcare has long lagged other industries when it comes to the adoption of digital technology. Large, complex organizations like health systems are notoriously slow to change, but healthcare industry trends – particularly the rise of consumerism – are driving a clear urgency around digital competence. In fact, 64% of hospital and health system leaders in the latest Kaufman Hall consumerism survey identified the need to use digital tools to engage consumers as a high
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Jump Technologies Raises $2M to Expand Hospital Supply Chain Management Platform
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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