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Health IT | News, Analysis, Insights - HIT Consultant

KPMG: Two-Third of Organizations Not Ready for HITRUST Standard

by Fred Pennic 10/11/2016 Leave a Comment

KPMG: Two-Third of Organizations Are Not Ready for HITRUST Standard

With all of the demands of protecting healthcare information, two-thirds of survey respondents said they are not prepared to comply with HITRUST standards governing cyber security and steps to keep patient records and medical information secure.  According to a survey of 604 healthcare industry professionals targeting vendors conducted by KPMG, half of those surveyed were “not ready” and 17.4 percent were in planning stages for a HITRUST (the Health Information Trust Alliance) CSF assessment –
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Mount Sinai Selects Kaigo Health for Digital Personal Care Assistants

by HITC Staff 10/10/2016 Leave a Comment

kaigo-health

Mount Sinai hospital System in New York has selected healthcare assistant startup Kaigo Health to improve hospital experiences for patients. As part of the partnership, Kaigo Health will work closely with care teams to ensure optimal results for patients in New York City and the surrounding boroughs.Kaigo Health takes the complexities out of the healthcare experience and helps users reach their health goals with a detailed action plan, handcrafted by a crack team of health professionals. For
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Mount Sinai Researchers Crowdsource Gene Expression Data for Drug & Target Discovery

by HITC Staff 10/10/2016 1 Comment

Mount Sinai Researchers Crowdsource Gene Expression Data for Drug & Target Discovery

Researchers at the Icahn School of Medicine at Mount Sinai have crowdsourced the annotation and analysis of a large number of gene expression profiles from the National Center for Biotechnology Information’s (NCBI) Gene Expression Omnibus (GEO). For the project, more than 70 volunteers from 25 countries helped Mount Sinai researchers analyze the data, enabling the identification of new associations between genes, diseases, and drugs – something that a smaller number of unaided researchers, or an
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5 Trends Influencing Healthcare Supply Chain Innovation

by Jasmine Pennic 10/10/2016 Leave a Comment

Hospital Supply Chain

In today’s fast-changing, demanding healthcare environment, the healthcare supply chain continues to advance as the strategic asset to help lower costs and improve patient outcomes. As part of the Association for Healthcare Resource & Materials Management’s (AHRMM) annual “National Healthcare Supply Chain Week,” October 2-8, 2016, Global Healthcare Exchange, LLC (GHX), a provider of cloud-based healthcare supply chain management solutions, revealed five key drivers of ongoing supply chain
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Recent Health IT/Digital Health Hires

by Fred Pennic 10/07/2016 Leave a Comment

Recent Health IT/Digital Health Hires

Rock Health, provider of full-service funding to promising entrepreneurs breaking into healthcare appoints Bill Evan as new managing Director. Bill has spent the past 13 years working at Genentech and Roche Diagnostics in informatics and product development leadership roles. During his time at Genetech, Bill has worked with several of Rock Health's portfolio companies.Harry Greenspun, MD has joined Korn Ferry as new chief medical officer and managing director of its KF Health Solutions business.
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Infographic: 3 Ways Hospitals Are Throwing Away Money

by HITC Staff 10/07/2016 Leave a Comment

Revenue Integrity Dysfunctional Patient Billing Major Distraction for Patients & Clinicians 6 Metrics to Improve Hospital Revenue Cycle ROI_revenue cycle makret

A study in Health Affairs shows more than half (55 percent) of U.S. hospitals lose money on each patient they serve. Why is this? SCI Solutions has highlighted three major areas where revenue and patient volume are often lost: ill-managed referral networks, unused scheduling capacity, and insurance authorization denials. Too often, healthcare organizations cling to outdated operations that actually create barriers for patients and referring providers, eating away at profit margins. The
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AMA Unveils MACRA Payment Model Evaluator for Physicians

by HITC Staff 10/07/2016 Leave a Comment

AMA Unveils MACRA Payment Model Evaluator for Physicians

With physicians facing the most notable changes in Medicare in a generation, the American Medical Association (AMA) has unveiled several online tools to help physicians through pending Medicare payment and delivery changes and to improve their opportunity for success under the new program that will go into effect in 2017.These new tools were designed to build on earlier, significant AMA efforts to ensure that physicians and their practices are prepared for MACRA: The MACRA webpage on the AMA’s
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Welltok Nabs $33.7M for CaféWell Health Optimization Platform

by HITC Staff 10/06/2016 Leave a Comment

Healthcare Gamification Startups Welltok

Health optimization platform Welltok has raised $33.7 million in Series E funding  with participation from new and existing investors including securing a a new debt facility providing the company with $13 million of expanded borrowing capacity. The company plans to utilize the funding to accelerate development of its CaféWell Health Optimization Platform™ and complementary technology-enabled healthcare service offerings, as well as expansion into new market segments. The latest round brings the
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UPMC Makes Strategic Investment in Predictive Analytics Startup RxAnte

by Jasmine Pennic 10/06/2016 Leave a Comment

UPMC Enerprises RxAnte

UPMC Enterprises, the commercialization arm of University of Pittsburgh Medical Center has acquired all of Millennium Health’s interest in predictive analytics startup RxAnte. Financial terms of the deal were not disclosed. As part of the deal, RxAnte will continue to operate as an independent company led by its existing management team.  Founded in 2011, RxAnte’s technology and clinical services enable its clients to improve clinical care quality and avoid unnecessary costs. UPMC Enterprises
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MTBC Acquires Revenue Cycle Management Company MediGain

by Fred Pennic 10/05/2016 Leave a Comment

Hospital CFO_New Financing Program Minimizes Impact of ICD-10 Revenue Delay for Private Practices_revenue cycle management

MTBC, a provider of proprietary, web-based EHRs, practice management and mHealth solutions has acquired  the assets of MediGain, a Plano, TX-based revenue cycle management company. The acquisition of MediGain assets includes customer accounts, intellectual property, and offshore operations in India and Sri Lanka.Founded in 2002, MediGain provides revenue cycle management solutions and analytics for the healthcare industry in the United States and internationally. The company offers services in
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