Health IT VC funding set a new milestone in 2016 as it eclipsed $5 billion in 622 deals, compared to $4.6 billion raised in 2015 in 574 deals, according to that latest report from Mercom Capital Group. The report finds that total corporate funding in health IT companies - including debt and public market financing (plus IPOs) from a total of 1,115 investors (including accelerators/incubators) - came to $5.6 billion in 2016, a drop of 30 percent compared to $8 billion in 2015.Since 2010, the
Read More
Health IT | News, Analysis, Insights - HIT Consultant
With MACRA Rule, What’s Next for Meaningful Use in 2017?
Editor's Note: Michael Nusimow is the CEO and Co-founder of drchrono, an EHR, practice management, medical billing and healthcare API platform that focuses on iPad, iPhone and web. Michael has been working in information technology for over 15 years and implemented components of the Bloomberg Terminal, used by customers worldwide. Despite all of the changes happening in healthcare legislation over the past few years, 2017 is not looking any easier. It is easy to get confused with the
Read More
Why EHR Systems Are Not Enough to Fill the Patient Engagement Gap
Editor's Note: Rob Grant is the Co-Founder and Executive Vice President at Evariant, a healthcare CRM platform provider where he is responsible for advancing the company's market strategy, fostering new key business relationships and growing its customer base. He is a veteran of the healthcare and technology industries, with more than 20 years of executive experience in leading innovation, business strategy, new business development, sales, marketing, finance and operations.In today’s healthcare
Read More
Report: Reducing Manual Business Transactions Could Save Healthcare $9.4B
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
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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,
Read More
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
Read More
