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 Too often, healthcare organizations cling to outdated operations that actually create barriers for patients and referring providers, eating away at profit margins.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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Health IT | News, Analysis, Insights - HIT Consultant
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
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
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
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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Backed by Google, Aspire Health Nabs $32M for Palliative Care
Aspire Health, a Nashville, TN-based palliative care company has raised $32 million in funding round that was led by GV (formerly Google Ventures), the venture capital arm of tech giant Alphabet Inc. (Google's parent company). The company plans to utilize the funding to make better use of its data by developing more algorithms and natural language processing (NLP) search functions that would benefit home healthcare and create new programs for cancer patients. Co-founded by former Senate
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Moxe Health Raises $5.5M For Comprehensive Clinical Data-Sharing
Moxe Health, a Madison, WI-based company that focuses on accelerating the exchange of clinical data between payers and providers has raised $5.5M in Series A financing led by Safeguard Scientifics. The company plans to use the funding to accelerate its hiring and sales efforts as well product expansion. To combat a widening disconnect between insurers and healthcare providers, Moxe democratizes access to information.Founded in 2012, Moxe Health enables bi-directional flow of information between
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Wolters Kluwer to Acquire Emmi for $175M
Wolters Kluwer Health announced it will acquire Emmi Solutions (Emmi), a providers of patient engagement solutions, for $170 million in cash to expand its market share in the patient engagement market. For Wolters Kluwer Health, Emmi’s offerings are a natural extension to its existing Clinical Solutions portfolio, in particular to UpToDate in decision support and Lexicomp and Medi-Span in drug information.Founded in 2002, Emmi offers an enterprise-wide, integrated and multi-media patient
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Five Big Challenges Hospitals Face When Developing Mobile Apps
Embracing innovation isn’t always easy for hospitals when it comes to developing mobile apps, but there are solutions. Kinvey’s CEO Sravish Sridhar explains.Improving outcomes and reducing costs: is there an app for that? Well, there could be. In fact, you can build one. But Kinvey’s Sravish Sridhar cautions health organizations to be careful when it comes to app development. Although you can’t save money without spending some first, the wrong approach to digital innovation could end up costing
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Avaap Acquires Epic-Focused Consulting Firm Falcon Consulting
Avaap, an Infor systems integrator, announced it has acquired Falcon Consulting, LLC, a KLAS-leading Epic Systems implementation and optimization firm to expand its consulting, software solutions and implementation services. With this acquisition, Avaap has put itself in the distinctive position of servicing the largest enterprise software needs for its healthcare customers. Avaap is strategically focused on Infor and helping healthcare organizations implement and maximize value in Enterprise
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