Lumiata raises $11M from Khosla Ventures, BlueCross BlueShield Venture Partners, and Intel Capital to fuel transformation of healthcare across insurers, providers and employers through predictive analytics. Lumiata, a San Mateo, CA-based provider of AI-powered health analytics for managing cost and risk, today announced it has raised $11 million in funding co-led by Khosla Ventures and BlueCross BlueShield Venture Partners. The investment was secured under the leadership of Dilawar Syed, who was
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Health IT | News, Analysis, Insights - HIT Consultant
Report: 10 Disruptive Digital Business Models for Health Insurers
Digital technologies will transform the health insurance business and early adopters have started to implement new digital business models with initial success, according to a new Research2Guidance report. The report reveals new digital models are changing the way the insurers interact with patients.For example, digital insurers have reworked the trust equation with the patient, outsourced much of their value chain to their members, and now know much more about them. Digital business models tend
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Candor Healthcare to Implement Medsphere EHR in New Hospitals
Medsphere today announced an agreement with Texas-based Candor Healthcare to implement the company's healthcare IT solutions and services.Medsphere Systems Corporation, a provider of affordable and interoperable healthcare information technology (IT) solutions and services, today announced that the company has reached an agreement with Texas-based Candor Healthcare to implement Medsphere healthcare IT solutions in new hospitals Candor manages. The two companies will officially kick off the
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Medtronic and UnitedHealthcare’s Value-based Relationship Results in Lower Costs, Fewer Hospital Readmissions
Today, Medtronic and UnitedHealthcare announced positive first-year results from their value-based relationship focused on improving health outcomes for people with diabetes. Results demonstrated cost-savings and reduced hospital admissions for UnitedHealthcare members with type 1 diabetes on Medtronic insulin pumps, when compared to other members on multiple daily injections (MDI) of insulin. Starting in 2016, more than 6,000 UnitedHealthcare members were given access to the Medtronic MiniMed
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How Blockchain Technology Could Help Prevent Medical Fraud
Most people know blockchain as the transaction ledger associated with cryptocurrency transactions. However, evidence suggests a specific use for it that applies to health professionals — reducing medical fraud. Blockchain’s Innate Characteristics May Cut Down on FraudIndividuals think blockchain shows promise for minimizing fraud in medicine because of some of the features it offers. For example, many fraudulent practices in the health industry and elsewhere begin when people manipulate or
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Change Healthcare Launches Consumer Payment Solution to Transform Their Financial Experience
This week, Change Healthcare unveiled Member Healthcare Payments, a consumer payment solution that enables health plans to display consolidated patient financial information in a single destination, and empower consumers to better understand and manage their healthcare finances. Additionally, Member Healthcare Payments helps health plans better support providers by collecting patient payments, which can eliminate the provider's need to collect those payments.The first health plan to utilize
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Cerner and Lumeris Launch EHR-Agnostic Solution for Value-based Care
Cerner and Lumeris, a health plan and value-based care managed services operator, today announced a 10-year relationship aimed at eliminating inefficiencies in the current health care system. Under the relationship, the parties will launch a new offering, Maestro Advantage, for value-based arrangements, including Medicare Advantage (MA) and provider-sponsored health plans (PSHPs). The strategic relationship includes a Cerner investment in Lumeris’ parent company, Essence Group Holdings
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AdvancedMD Acquires NueMD to Expand Footprint by 27%
AdvancedMD, today announced it has acquired Marietta, Georgia-based Nuesoft Technologies (“NueMD”), a SaaS platform providing practice management, clinical and medical billing applications to simplify all aspects of running an independent practice. Post acquisition, AdvancedMD’s North American footprint will increase by 27%, expanding the total number of medical practice clients and practitioners to 11,000 and 33,000, respectively. AdvancedMD will retain NueMD offices in Marietta,
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DrChrono EHR Integrates with Collectly to Automate Billing & Collections for Practices
DrChrono Inc., the company enabling the medical practice of the future, today announced a new partnership withCollectly, a fellow Y Combinator company that streamlines the billing and collection process for healthcare companies.Collectly digitizes paper bills and works with practices to send patient billing statements and collection notices electronically via text or email. Within the message is a link for patients to go straight to a patient portal to see their statement and instantly make a
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Cleveland Clinic Adds EHR Data to Apple Health Records on iPhone for Patients
On Tuesday, Cleveland Clinic announced that patients can now access their personal health data via the Apple Health Records on iPhone feature. The new functionality provides another convenient way for patients to access their personal health data in addition to using the Epic MyChart via computer or downloading the app. Both ways provide patients the ability to access:- Allergies- Conditions- Immunizations- Lab Results- Procedures & Vitals- Organized medical information from various
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