Reducing manual business transactions could save healthcare $9.4 billion in savings, according to new data released today in the fourth annual 2016 CAQH Index. The index reveals that conducting resource-intensive manual transactions are costing U.S. health plans and healthcare providers as much as $11 more per transaction and on average $6 more than when conducted electronically. CAQH Index Overview The fourth annual CAQH Index measures adoption, costs and, for the first time, provider labor
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Health IT | News, Analysis, Insights - HIT Consultant
Innovaccer Unveils Free ACO Performance & Trends Tool for Providers
Innovaccer Inc., a Silicon Valley-Headquartered Healthcare analytics company has unveiled ACO Compare, a one of it’s kind free tool to track, monitor and compare the performances of Accountable Care Organizations. Created after extensive research on Accountable Care Organizations currently functioning in the US with performance and quality data as received from CMS, ACO Compare combines 33 quality reporting measures specified by the CMS serve as the basis of comparison which are divided into
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Children’s Healthcare of Atlanta (CHOA) Earns EMRAM Stage 7 Award
Georgia-based Children’s Healthcare of Atlanta has achieved Stage 7 on the HIMSS Analytics Electronic Medical Record Adoption Model (EMRAM), becoming the first in the state of Georgia to receive the award. The award represents Nicklaus Children’s Hospital’s attainment of the highest level on the Electronic Medical Record Adoption Model™ (EMRAM). The three-hospital pediatric health care system demonstrated advanced use of information technology to improve patient care and advanced data analytics
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WEDI Issues Brief on Introduction to Telehealth Codes
WEDI, a leading authority on the use of health IT to create efficiencies in healthcare information exchange has issued an educational issue brief on an Introduction to Telehealth Codes. This issue brief was developed by the WEDI Innovative Encounters Workgroup with the intention to provide introductory information on codes for telehealth services by individual health care providers. The Innovative Encounters Workgroup is planning to develop a separate issue brief on the payer perspective of
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America Has A Rural Healthcare Crisis. Technology Can Help
As 2017 begins, around 81 percent of Americans live in urban areas, up from 79 percent in 2000. At the same time, urban and suburban areas where vacant land exists (so, not you, San Francisco) have been expanding, redefining what used to be rural. With this demographic shift comes a transition of resources and tax bases that leave rural areas and rural services, including healthcare, struggling to survive.Indeed, we can learn a lot about the state of rural healthcare from several access-related
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Aledade Lands $20M to Expand Value-Based Care Network
Aledade, Inc., a provider of in value-based care has raised $20 million in funding that will accelerate Aledade’s efforts to grow its provider network as well as expand partnerships with commercial and Medicare Advantage health led by Biomatics Capital. The round also included participation from new investors including GV (formerly Google Ventures) and the Maryland Venture Fund, and existing investors Venrock and ARCH Venture Partners.Aledade ACO network now includes more than 200 independent,
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Ransomware Leads the Way in 2017’s Predicted Rise in Health Data Theft
Editor’s Note: Santosh Varughese is the President of Cognetyx, a provider of ‘Ambient Cognitive Cyber Surveillance’ to protect information assets against cyber security threats, data breaches and privacy violations. Welcome to 2017, the writing is on the wall and it didn’t take long to get there. Earlier this month Atlanta’s Emory Healthcare was hacked by the Harak1r1 the 0.2 Bitcoin Ransomware. A database from the facility’s Brain Health Center containing data from more than 200,000 patients
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DirectTrust: 5 Health IT Trends to Watch in 2017
DirectTrust, a health care industry alliance created by and for participants in the Direct exchange network used for secure, interoperable messaging of personal health information (PHI) has released their list of of five health IT trends to watch in 2017. The five health IT trends outlined by DirectTrust President and CEO David C. Kibbe, MD, MBA are his thoughts about what he expects could develop over the next year that would shape the ecosystem of health IT as an industry.“One has to begin any
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PeraHealth Raises $14M for Predictive, Real-Time Clinical Surveillance
PeraHealth, a Charlotte, NC based provider of predictive, real-time clinical surveillance solutions has raised $14 million in funding from Mainsail Partners, a growth equity firm. As the healthcare industry progresses toward value-based care, high costs surrounding chronic diseases and infections continue to escalate. For example, sepsis kills 258,000 people in the U.S. every year and costs the U.S. healthcare system nearly $24 billion annually, according to the Sepsis Alliance. PeraHealth is
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Inovalon Extends Multi-Year Partnership with Anthem to Maximize Value-Based Care
Inovalon, a technology company providing advanced, cloud-based platforms empowering a data-driven transformation from volume-based to value-based models across the healthcare ecosystem has announced a multi-year extension of its partnership with health benefits provider Anthem, Inc. The collaboration enables Inovalon and Anthem to leverage the strengths of the two organizations and years of data from working together to maximize value and impact to consumers. Applying an integrated set of
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