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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Health IT | News, Analysis, Insights - HIT Consultant
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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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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