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Health IT | News, Analysis, Insights - HIT Consultant

Specialty EMR Provider, Modernizing Medicine Raises $15M

by Jasmine Pennic 11/12/2014 Leave a Comment

Modernizing Medicine

Cloud based, specialty-specific EMR provider, Modernizing Medicine has announced that it has closed $15M of an expected $20M in venture capital funding led by Summit Partners and Pentland Group. Many of the company's investors are medical specialists who use EMA bringing its total funding to $44M. The EMR provider currently serving eight different medical specialties, more than 4,000 providers have adopted Modernizing Medicine’s EMA in their practices. Developed by surgical physicians, EMA
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TigerText Integrates With MobileIron to Enhance Secure Messaging

by HITC Staff 11/12/2014 Leave a Comment

TigerText 1

Secure messaging provider TigerText today announced an integration partnership with mobile device management provider,MobileIron. As part of MobileIron's AppConnect Ecosystem, IT departments can now instantly push the TigerText app to thousands of employees' devices and manage access using MobileIron's console, while end users can start securely texting in just a few easy steps. With hundreds of health systems using MobileIron to manage their employee's mobile apps and services, this
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Validic’s CTO Talks the Value of Open Data in Healthcare

by Erica Garvin 11/12/2014 1 Comment

Validic's CTO Talks the Value of Open Data in Healthcare

The future of harnessing inteoperability and open data in healthcare is promising if you’re open to embracing it. Validic's Drew Schiller explains why.  The tsunami that is big data is cresting in healthcare right now. While that wave is on the horizon, healthcare providers are scrambling to figure out how they are going to survive the surge and ride the tide to their benefit. Let’s remove the poetic metaphor for a moment and talk about the reality of what’s needed to achieve that ideal: what
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Health IT in India: Providers Expected to Spend $1.1B in 2014

by HITC Staff 11/11/2014 Leave a Comment

Health IT in India_Report Finds Health IT Spending On Pace To Top $34.5B in 2014

Healthcare providers are expected to spend $1.1 billion dollars on health IT products and services in India, a five percent increase over 2013, according to Gartner. The report forecast includes health IT products and services spending by healthcare providers (includes hospitals and hospital systems, as well as ambulatory service and physicians' practices) on internal services, software, IT services, data center, devices and telecom services. Key Findings - IT Services, which includes
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Report: 61% of Struggling Hospital CFOs Expect to Be Fired by 2016

by Fred Pennic 11/11/2014 Leave a Comment

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

61 percent of hospital chief financial officers (CFOs) and business managers in "struggling" hospitals expect to be fired by 2016 due to outdated revenue cycle management solutions, according to a recent Black Book report. The report reveals hospital CFOs could potentially lose their jobs because their outdated revenue cycle management software, staff, and solutions were powerlessly stuck in fee for service mode too long. CFOs self identified as "struggling financially" believe they must
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CDISC and HIMSS Collaborate To Enable HIT Interoperability

by HITC Staff 11/10/2014 Leave a Comment

CDISC and HIMSS Public Health & HIE Toolkit HIMSS

CDISC and HIMSS collaborate to foster the adoption of standards to enable the interoperability of health IT systems. Recognizing the importance of and need for effective reuse of data in electronic health records (EHRs) for research purposes, the Clinical Data Interchange Standards Consortium (CDISC) and HIMSS extend their existing and long-standing relationship and, in collaboration with Integrating the Healthcare Enterprise (IHE) USA, work together to foster the adoption of standards to
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6 Metrics to Improve Hospital Revenue Cycle ROI

by Our Thought Leaders 11/10/2014 Leave a Comment

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

  Lindy Benton, CEO of MEA|NEA, provides six key metrics to improve the ROI of a hospital revenue cycle management program to get cash in faster with less effort.  Revenue cycle management (RCM) is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every check point. This allows the healthcare provider billing a patient the ability to follow along in the process and address any
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Epic Systems to Offer Remote Hosting to Clients in 2015

by Fred Pennic 11/09/2014 2 Comments

Epic Systems to Offer Remote Hosting to Clients in 2015

Epic Systems is currently building a data center at its Verona, Wisconsin campus to offer remote hosting services to its clients targeted at medical groups and small hospitals, VentureBeat first reports. The decision brings the largest EHR provider closer to offering a software as a solution (SaaS) model that could help increase market share against its competitors such as Cerner, who has been offering remote hosting services since 1999. The remote hosting services will be offered first to new
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5 Essentials to Reduce Healthcare Data Breaches

by HITC Staff 11/07/2014 Leave a Comment

Global Healthcare Cybersecurity Spending Expected to Exceed $65B Over 5 Years_Security Data Breaches_Ransomware

According to the 2014 Healthcare Breach Report from Bitglass, the total number of healthcare data breaches per year has remained fairly constant for the past three years—averaging about 200 breaches per year. About 6x as many credit card numbers as medical records are stolen each year. Healthcare data breaches are a big deal for healthcare consumers, the cost of breaking the rules is steep: Up to $50,000 per HIPAA violation, or up to $1,500,000 per calendar year per identical violation. In one
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Half of Providers Unsure of ICD-10 Revenue Impact

by Fred Pennic 11/07/2014 Leave a Comment

ICD-10 Revenue Impact

Nearly half of healthcare providers are unsure of the ICD-10 revenue impact or have yet conducted revenue impact assessments, according to a new eHealth Initiative (eHI)/AHIMA survey. In fact, 35 percent believed that their organization’s revenue will decrease during the first year of ICD-10 compliance. The report provides a look at just how prepared healthcare organizations are for the upcoming ICD-10 implementation and how they think ICD-10 will impact their operations. Survey respondents
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