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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Health IT | News, Analysis, Insights - HIT Consultant
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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R1 and Automation Anywhere Team Up to Apply Enhanced AI to Revenue Cycle Management
R1, a provider of revenue cycle management (RCM) services is teaming up with Automation Anywhere to incorporate their Robotic Process Automation (RPA) technologies into the healthcare revenue cycle. This move supports the industry’s call for digital transformation across hospitals, health systems and physician practices alike. Benefits of Applying AI in Revenue Cycle ManagementR1’s technology solutions currently leverage RPA, driving improved results for its clients, such as increasing net
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SUNY Hospital Taps Vocera to Reimagine Physician-Patient Experience with Digital Rounding
Upstate University Hospital in New York has adopted the Vocera Rounds solution to improve communication between physicians and patients, improving care and satisfaction.Vocera Communications, Inc., a provider of clinical communication and workflow solutions, today announced that physicians at Upstate University Hospital in New York have implemented Vocera’s digital rounding solution to improve communication. SUNY Upstate Medical University located in Syracuse, NY, is the only academic medical
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Today’s Behavioral Health Providers are Failing: Why Data Analytics is the Solution
Today, behavioral health is more important than ever. Major news outlets, from The New York Times to The Wall Street Journal, constantly cover the mental health epidemics wracking the nation, be it widespread opioid abuse or the steady, upward creep of suicide and self-harm.Spurred on by the scope and severity of these societal problems (as well as new legislation passed to address them), the behavioral health sector has grown exponentially. Yet this field is not without its problems: despite
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DrChrono EHR Integrates With Diagnoss to Offer Physician Practices AI-Driven Medical Coding
Diagnoss integration with DrChorno’s mobile EHR will help physician practices automate their medical coding through artificial intelligence. Mobile EHR provider DrChrono is teaming up with Diagnoss, a company focused on reducing the administrative burden of medical practices to offer physician practices artificial intelligence (AI) technology to help automate the medical coding process. Diagnoss's artificial intelligence technology helps medical establishments improve their collections while
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BREAKING: ResMed to Acquire MatrixCare EHR for $750M
Connected care company ResMed announced it will acquire MatrixCare, a provider of long-term care EHR software, for $750M to expand its out-of-hospital SaaS portfolio. Named "Best in KLAS" for long-term post-acute care software, MatrixCare’s solutions help Accountable Care Organizations, skilled nursing and senior living providers, life plan communities, and home health organizations to connect, collaborate and prosper as we migrate to a fee-for-value healthcare system. In addition to electronic
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PatientPing Tool Tags BPCI Advanced Patients in Real-Time to Improve Outcomes
As CMS moves its bundled programs focus form Bundled Payments for Care Improvement (BPCI) “classic” to BPCI Advanced, hospitals and providers are agreeing to take on more risk in return for the potential financial rewards. In order to do this successfully, they need the new, innovative technology tools to succeed.That’s why PatientPing, a health technology company that connects providers to seamlessly coordinate patient care, announced a major care coordination enhancement to its product suite
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