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Health IT | News, Analysis, Insights - HIT Consultant

3 Key Principles to Ensuring Ethical AI Use in Healthcare

by Dave Meyer, Chief AI and Data Officer, Reveleer 01/22/2025 Leave a Comment

3 Key Principles to Ensuring Ethical AI Use in Healthcare

The healthcare industry is undergoing a profound transformation, not only in the tools used, but also in how patient care is approached. As the shift toward a value-based care model continues, aligning operations around improving patient outcomes and managing costs effectively is essential. Artificial intelligence (AI) is playing a key role in advancing this transition, helping healthcare organizations deliver better outcomes and reduce costs.  However, despite its promise, the adoption
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Missed Appointments: A Hidden Cost for Physicians and Patients

by Michael Nilsson, CEO and founder of AddEvent 01/22/2025 Leave a Comment

What Missed Appointments Cost Physicians & Strategies to Mitigate Them

Physicians and patients both struggle with the healthcare system’s many idiosyncrasies, albeit in different ways. On the caregiver side, missed appointments are estimated to cost the average solo physician $150,000 annually. Moreover, they can have a negative impact on patient relationships and retention, making for a poor (and pricey) experience for all involved. For patients, missed appointments have a trickle-down effect that not only slows the delivery rate of what may be critical and
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Imagenet Acquires CODY to Expand Healthcare Compliance and Claims Solutions for Health Plans

by Jasmine Pennic 01/22/2025 Leave a Comment

Imagenet Acquires CODY to Expand Healthcare Compliance and Claims Solutions for Health Plans

What You Should Know:  - Imagenet, a provider of technology solutions for health plans and managed care organizations, announced the acquisition of CODY, a company specializing in member communications and compliance software and services. Financial details of the acquisition were not disclosed.  - The acquisition, finalized on December 31, 2024, strengthens Imagenet's position as a comprehensive solutions partner for health plans across various markets. Imagenet's established
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Percipio Health Launches AI-Powered Population Health Platform with $20M

by Fred Pennic 01/21/2025 Leave a Comment

Percipio Health Launches AI-Powered Population Health Platform with $20M

What You Should Know:  - Percipio Health, a population health monitoring and management platform, today announced its official launch and the closing of a $20M in Series A funding round led by UPMC Enterprises, WAVE Ventures, and Labcorp. - Percipio's platform, developed over the past two years, utilizes the power of AI and a simple smartphone to collect whole-person health signals, enabling real-time assessments and predictive insights. This approach eliminates the need for
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Innovaccer Acquires Humbi AI to Launch AI Actuarial Copilots

by Fred Pennic 01/21/2025 Leave a Comment

Innovaccer Acquires Humbi AI to Enhance Healthcare Intelligence Cloud

What You Should Know:  - Innovaccer, a healthcare AI company, announced the acquisition of Humbi AI, a specialized healthcare actuarial software, services, and analytics company. Financial details of the acquisition were not disclosed. - The transaction marks Innovaccer's third acquisition in recent years, following Cured and Pharmacy Quality Solutions (PQS) in 2024, further solidifying the company's commitment to driving advanced healthcare transformation. Enhance Healthcare
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Denver Health to Deploy Nabla’s Ambient AI Asst. to Combat Clinician Burnout

by Fred Pennic 01/21/2025 Leave a Comment

Nabla's AI Assistant Gets $24M Boost to Combat Clinician Burnout and Streamline Care

What You Should Know:  - Denver Health, an integrated health system and Colorado's primary safety-net provider has partnered with Nabla, an ambient AI technology for healthcare, to deploy its AI-powered assistant across its network of hospitals and clinics.  - The collaboration marks a significant milestone for both organizations, demonstrating the potential of AI to address critical challenges in healthcare delivery, particularly for underserved populations. 8-Week Pilot
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HCA Healthcare UK Deploys Hyland’s AI-Driven AP Solutions

by Jasmine Pennic 01/21/2025 Leave a Comment

HCA Healthcare UK Deploys Hyland’s AI-Powered Automation to Streamline Financial Operations

What You Should Know:  - Hyland, a leading provider of content management solutions, today announced a strategic partnership with HCA Healthcare UK to optimize financial operations and enhance data accessibility through its AI-driven Accounts Payable (AP) solutions.  - The collaboration leverages several cornerstone products of Hyland's unified Content Innovation Cloud, empowering HCA Healthcare UK to streamline processes, reduce costs, and drive scalability for future
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MultiCare Health Taps IllumiCare to Tackle Clinical Waste with AI

by Fred Pennic 01/21/2025 Leave a Comment

MultiCare Health Taps IllumiCare to Tackle Clinical Waste with AI

What You Should Know:  - MultiCare Health System, a large healthcare network in Tacoma, Washington, has partnered with IllumiCare to integrate its clinical decision support (CDS) solution directly into its Epic electronic health record (EHR) system.  - The integration provides clinicians with real-time recommendations at the point of care, helping them make more informed decisions about medications, lab tests, and imaging studies. Targeting Inefficiencies in Healthcare
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The Future of Revenue Cycle Management (RCM) in Healthcare: 4 Key Trends to Watch in 2025

by Kyle Fetter, Chief Operating Officer at XiFin 01/20/2025 Leave a Comment

The Future of Revenue Cycle Management (RCM) in Healthcare: 4 Key Trends to Watch in 2025

The revenue cycle management (RCM) landscape for healthcare is poised for significant transformation over the next few years. As the industry continues to evolve, RCM providers and their customers face a complex web of challenges and opportunities. Among the key trends shaping RCM in 2025 are: Rising Costs Driven by Cybersecurity and Regulatory Compliance Demands and Increasing Patient Bad Debt Rates The cost of doing business is increasing. RCM providers invest in robust
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GoodRx: The Average Price Per Insulin Unit Dropped 42%

by Jasmine Pennic 01/20/2025 Leave a Comment

What You Should Know:  - The average price per insulin unit dropped 42%, from $0.33 in 2019 to $0.19, in mid-2024, according to a new report from GoodRx. The drop represent the lowest average recorded in a decade.  - Thanks to the Inflation Reduction Act and voluntary price cuts by major insulin manufacturers, prices have seen significant declines. Products like Lantus, Novolin N, Humalog, and Humulin N are now more affordable than they have been in years. Insulin Costs
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Digital Health Faces Q2'25 Pullback: Funding Falls to 5-Year Low

Digital Health Faces Q2’25 Pullback: Funding Falls to 5-Year Low

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Beyond the Hype: Building AI Systems in Healthcare Where Hallucinations Are Not an Option

Health IT Sector Navigates Policy Turbulence with Resilient M&A

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PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

PwC Report: US Medical Cost Trend to Remain Elevated at 8.5% in 2026

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

Philips Launches ECG AI Marketplace, Partnering with Anumana to Enhance Cardiac Care with AI-Powered Diagnostics

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