46% of healthcare organizations see value-based care contracts improving profitability versus 23% two years ago. Healthcare organizations are more optimistic about how value-based care will affect their finances, according to a poll of accounting and finance employees on a webcast that KPMG hosted. Government spending on healthcare through Medicare, Medicaid, Veterans Administration and other programs have been shifting to value-based payment models in an attempt to improve efficiency and tie
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Health IT | News, Analysis, Insights - HIT Consultant
MTBC Integrates Blockchain Technology with EHRs to Securely Store Patient Medical History
MTBC, a provider of proprietary, cloud-based healthcare IT solutions and services has announced the release of new blockchain technology integrated with the company’s Electronic Health Records (EHR) platform to securely store patient medical history, eliminate interoperability issues that have plagued the digitization of healthcare for years, and give patients’ absolute control over who has access to their valuable health data. This makes MTBC one of the first within the healthcare industry to
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Jackson Health Signs 11-Year Enterprise Patient Monitoring Service Deal with Philips
Philips and Jackson Health System sign groundbreaking 11-year agreement for Enterprise Monitoring as a Service that will define revolutionary healthcare delivery business model, reduce costs, standardize enterprise patient monitoring & management, & improve patient & staff satisfactionPhilips and Jackson Health System announced the world’s first long-term strategic partnership based on an Enterprise Monitoring as a Service (EMaaS) model. The 11-year partnership, aimed at pioneering
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Amazon Acquires Online Pharmacy Startup PillPack
Amazon, today announced it has entered into an definitive agreement to acquire online pharmacy startup, PillPack for an undisclosed amount. The deal will allow Amazon further entry into healthcare with an on-demand online pharmacy and drug distribution platform.Founded in 2013, PillPack is an online pharmacy that delivers medications in pre-sorted dose packaging, coordinates refills and renewals, and makes sure shipments are sent on time. The service is designed to provide the best possible
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Solving the Patient Access Labor Supply Challenge
Providers are struggling to stay profitable while also striving to keep patient satisfaction from being negatively impacted. Denials are on an upward trend, payors are becoming tighter around what is demanded of the providers, and patients are being squeezed to pay more out-of-pocket with the ongoing shift to self-pay and high-deductible plans.What many may not realize is that these financial challenges rear their head from the moment the patient walks through the door or schedules an
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HSBlox Unveils AI-Powered EMPI Solution to Ensure Secure Patient ID Matching & Sharing
HSBlox’s new Enterprise-wide Master Patient Index (EMPI) utilizes machine learning to improve patient safety with secure, accurate sharing of patient data throughout the healthcare landscape. HSBlox, a healthcare blockchain-focused company that is bringing innovation and transparent economics to the healthcare ecosystem, today announced the launch of its SmartMPI solution, which utilizes machine learning to provide next-generation patient ID matching and secure, transparent sharing of patient
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Apple Health Records Initiative: Peril or Promise?
Health Records is Apple’s new personal health record feature that was announced on January 24, 2018 as part of the iOS 11.3 update. Health Records will collect and compile patient-generated data, such as steps walked in a day or hours slept, together with information from the patient’s electronic medical record (EMR) if the user is a patient at one of now nearly 40 participating hospitals. UNC Health Care Chapel Hill, Johns Hopkins Medicine, and Stanford Medicine are three health systems have
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Redirect Health Selects CareCloud Platform to Support Expansion of Affordable Care Network
Redirect Health, the Arizona-based patient-centered medical home network and cost management innovator, has selected CareCloud as its practice management technology partner for their primary care and outpatient surgery centers. Redirect Health is an award-winning, national healthcare company based in Scottsdale that has seen high growth through its Arizona clinics and its novel nationwide health plan solution for small to medium-sized businesses.CareCloud is supporting Redirect Health
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Kaufman Hall Unveils Comparative Financial Performance and Analytics Solutions for Healthcare CFOs
Most Chief Financial Officers (CFOs) have limited confidence in the capabilities of their planning and analytical tools, according to Kaufman Hall’s recent CFO Annual Survey. Most organizations are leveraging a combination of tools, including Excel and BI, with varying degrees of success.In order to strengthen their hand, Kaufman Hall introduced today two new products, Strategy Management and Comparative Analytics, to its Axiom Healthcare Software Suite.Axiom Strategy Management provides a
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Cedar Raises $36M for Modern Patient Financial Management Platform
Cedar, the patient financial management platform for hospitals, health systems and independent medical groups, today announced a Series B fundraising round of $36 million, led by the global investment company Kinnevik. Participants in the round include existing investors Founders Fund and Thrive Capital, as well as Lakestar, Sound Ventures, Kevin Systrom of Instagram and Nat Turner of Flatiron Health. Cedar plans to use the funding to further invest in the next generation of its innovative
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