On average, hospitals collect less than 65 cents for every patient-dollar owed. Many hospitals have massive “doubtful accounts,” or accounts that are unlikely to ever produce a dime, amounting to hundreds of millions of dollars. Only a small percentage of these unpaid accounts ever go to collections — the rest are written off as losses.If hospitals are to continue existing, they must make more money than they spend. Unfortunately, the rising cost of healthcare is not helping hospitals recover
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Health IT | News, Analysis, Insights - HIT Consultant
Livongo Rolls Out Hypertension Program to Eligible Members
Livongo Health, a Mountain View, CA-based consumer digital health company focused on empowering all people with chronic conditions to live better and healthier lives has announced that eligible members of the Livongo for Diabetes program will have access to the new Livongo for Hypertension program. In addition, Livongo will offer a stand-alone hypertension solution to new members.By addressing multiple chronic conditions on one platform, Livongo can better understand the personal health
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Apple Partners With 12 Hospitals to Bring Medical Records to iPhone for Consumers
Today, Apple announced a new feature as part of the iOS 11.3 beta update for customers to see their medical records right on their iPhone. Johns Hopkins Medicine, Cedars-Sinai, Penn Medicine and other participating hospitals and clinics are among the first to make this beta feature available to their patients.Traditionally, patients’ medical records were held across multiple locations, requiring patients to log into each care provider’s website via a patient portal and painstakingly piece
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Intermountain, R1 RCM Expands Enterprise Revenue Cycle Management Partnership
Today, R1 RCM announced an expanded partnership with Intermountain Healthcare to be the exclusive RCM provider across all Intermountain patient care sites, including inpatient and preventative care settings. The expanded relationship enables the transformation of Intermountain’s revenue cycle process for RCM performance improvement, cost savings and other positive impacts to efficiencies, but more importantly to the patient experience. Intermountain will rely on R1 to provide and manage the full
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St Vincent’s Health Australia Deploys Vocera for Clinical Alerts & Communication
St Vincent’s Health Australia has officially deployed Vocera solutions for communication and clinical alerts across all its aged care facilities. St Vincent’s Health Australia is one of many organizations in the country using Vocera technology to improve care team communication, patient and resident experience, and operational efficiency. In 2017, Vocera added 35 aged care facilities in Australia to its client roster.Additionally, Vocera is steadily increasing deployments in public and private
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Why 2018 Will Be A Landmark Year for GE, Siemens, Canon and Philips
With the new year dawning, the competitive landscape for global medical technology is mired in uncertainty. Of the “big four” vendors (GE Healthcare, Siemens Healthineers, Philips and Toshiba Medical Systems) three are undergoing radical change, creating perhaps one of most volatile competitive market environments for some time. Add to this the visible presence of new market entrants from informatics, outsourcing, consumer technology and the rapidly growing artificial intelligence sector, and
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Protenus Lands $11M to Expand AI-Driven Compliance Analytics Platform
Baltimore, MD-based Protenus, a provider healthcare compliance anlaytics has raised $11 million in Series B funding co-led by F-Prime Capital Partners and Kaiser Permanente Ventures, with participation from Arthur Ventures, Lionbird Venture Capital, and Cognosante Ventures. The company plans to use the funding to accelerate sales and customer support hiring, as well as R&D to expand platform capabilities.Founded in 2014, the Protenus platform makes an analytical assessment of every digital
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Understanding The Hidden Costs of MPIs: 3 Things to Know
Patient matching is one of the major challenges facing the US healthcare system. It is becoming much more difficult as we enter an era where the amount and diversity of patient data is exploding with patient portals, patient engagement applications, telemedicine, and personal health records. Simultaneously, patient matching is becoming exponentially more important for patient safety, as well as to lower costs, to enable population health analytics, and to exchange patient information with other
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4 Healthcare Software Trends to Watch in 2018
Healthcare has always been an industry where innovative technologies transform the way services are delivered and received. It's also one of those sectors that can be affected by slow movement in innovation, due to the complication of its formalities, tasks, processes and regulations. The good news is that the industry’s innovative side has finally taken off in the last few years, and software is playing a major role in reshaping the healthcare sector.What does that mean for you, the medical
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Healthcare Revenue Cycle Management Software Market to Reach $43.3B by 2022
The global market for healthcare revenue cycle management software is estimated to reach $43.3B by the end of 2022, increasing at a compound annual growth rate (CAGR) of 6.9%, according to a recent report by Future Market Insights (FMI). The report anticipates the market-to-market positive growth over the coming years, on account of the increasing cumulative patient revenue, improvement payment collection & billing efficiency and recognition of profit . From hospitals to independent
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