Healthcare is in the midst of a data explosion, thanks to the widespread adoption of electronic health records (EHRs), the increased sophistication of insurance claims databases, and the growth of social media. These real-world data provide critical insights into the health of patients and can be leveraged to advance pharma and biotech initiatives that improve the delivery of care.This wealth of clinical data is particularly valuable for organizations seeking to understand the real-world impact
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Health IT | News, Analysis, Insights - HIT Consultant
Medtronic, Philips Partner Develop Innovation Solution for Lung Cancer
Medtronic and Philips, today announced a new partnership to develop and commercialize the LungGPS Patient Management Platform. The comprehensive patient and data management platform is designed to make it easier for clinicians to identify and manage potentially cancerous lung nodules.Lung cancer is the deadliest form of cancer, and while early detection is key, there are few symptoms in the earlier stages. When found early, lung nodules can be continuously monitored for growth, which is a sign
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Amazon, Berkshire Hathaway and JPMorgan Form New Company to Tackle Employee Health
Amazon, Berkshire Hathaway, and JPMorgan Chase & Co., today announced the formation of a new healthcare company. The newly formed healthcare company will focus on ways to address healthcare for their U.S. employees, with the aim of improving employee satisfaction and reducing costs.Company FocusTogether, the three companies, which bring their scale and complementary expertise to this long-term effort, will pursue this objective through an independent company that is free from profit-making
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Innovaccer Launches Next-Gen Care Management Suite for Care Teams
Care teams across the healthcare space are facing a common barrier. Care managers are so busy working on redundant tasks that they don’t have as much time for patient interaction. More often than not, patient information is neither complete nor available at the right time. It has become a challenge for care organizations to measure and compare the efficacy, impact, and cost-effectiveness of care programs.The care teams that succeed are the ones that have easy access to accurate data and are
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The HCI Group Acquires MEDITECH Certified Partner Infinity HIT
The HCI Group, a healthcare IT consulting firm has acquired Infinity HIT, a MEDITECH Ready-Certified consulting firm to expand its health IT service offerings. The HCI Group plans to leverage the acquisition of Infinity HIT's credentials to strengthen its capabilities as a MEDITECH READY Certified organization. Financial terms of the acquisition were not disclosed. Founded in 2012, Infinity HITp rovides consulting, implementation, optimization, staffing and support services to hospitals and
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Weill Cornell Medicine Joins TriNetX Health Research Network
TriNetX has announced that Weill Cornell Medicine has joined the TriNetX global health research network. Weill Cornell Medicine is a comprehensive, integrated academic healthcare delivery systems, and is making its total patient population of over two million available for query through TriNetX’s federated network.TriNetX Network OverviewTriNetX is a network comprised of healthcare organizations representing nearly 100 million patients globally, biopharmaceutical companies, and contract research
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5 Benefits Of Using Blockchain Technology in Healthcare
Blockchain- the technology that took the world by storm by its revolutionary work in data management and exchange, especially in the financial sector. Its immense success across different industries has left the healthcare world rattling with questions too. People are calling it the ‘answer to interoperability,’ and the ‘technology that can solve healthcare’s looming problems,’- but if the confusion looms, blockchain will take double the time to make a difference in healthcare.Let’s try to
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Mediware Acquires Revenue Cycle Management Solution MEDTranDirect
Mediware Information Systems, Inc.announced it has acquired MEDTranDirect, a revenue cycle management solution and an approved network service vendor for Medicare. For Mediware, the acquisition complements the revenue cycle management and Medicare claims capabilities in Mediware’s home care market solution, Kinnser Software, while simultaneously leveraging Mediware’s heritage of supporting data-driven clinical excellence and improving efficiencies in administrative workflow.MEDTranDirect’s
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Accenture Partners with Loopback for New Value Based Care Models
Accenture has teamed with Loopback Analytics, a leader in population health analytics, to support health systems aiming to participate in new value-based care models, such as the new Bundled Payments for Care Improvement (BPCI) Advanced program.Partnership DetailsThe initiative combines the depth of Accenture’s data-driven consulting services with insights from Loopback’s EpisodeInsights platform, enabling providers to evaluate the economic impact of bundled payment participation across 32
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How Semi-Integrated Payments Can Save Hospitals
On average, hospitals collect less than 65 cents for every patient-dollar owed. Many hospitals have massive “doubtful accounts,” or accounts that are unlikely to ever produce a dime, amounting to hundreds of millions of dollars. Only a small percentage of these unpaid accounts ever go to collections — the rest are written off as losses.If hospitals are to continue existing, they must make more money than they spend. Unfortunately, the rising cost of healthcare is not helping hospitals recover
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