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Health IT | News, Analysis, Insights - HIT Consultant

Total of 14 Revenue Cycle M&A Deals Worth $310M Occured Over the Past Year

by Fred Pennic 06/11/2014 Leave a Comment

Revenue Cycle M&A Deals_Total Dollars Spent on Medications in the U.S. Reached $329.2B in 2013

A total of 14 revenue cycle M&A deals worth $310 million occurred over the past twelve months ending on March 31, 2014, according to Greenberg Advisors, an M&A advisory firm that specializes in assisting owners and investors in Revenue Cycle Management (RCM) and related financial services firms. Information and other key data, was compiled from Greenberg Advisors' proprietary database of M&A transactions.
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VistA and Epic: A Tale of Two Systems, Two Platforms, Two Approaches

by Edmund Billings MD 06/10/2014 2 Comments

VistA and Epic

VistA and Epic: A Tale of Two Systems, Two Platforms, Two Approaches Over the last few weeks, access to VA health care for veterans has been all over the news.  At the same time, the DoD is moving to procure a replacement EHR system.  So it seems there is no time like the present to review a recent RAND case studies report entitled “Redirecting Innovation in U.S. Health Care: Options to Decrease Spending and Increase Value.”   The case studies include a chapter comparing America’s two
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Lifespan’s $100M Epic Implementation Erodes Cashflow

by Jasmine Pennic 06/09/2014 Leave a Comment

A $100 million Epic implementation for Lifespan, Rhode Island’s largest health system has resulted in eroding cash flow and bond rating, according to Moody’s Investors analysts. The rating agency gave the health system a negative financial outlook and downgraded their rating to Baa2- only two levels away from junk status, Modern Healthcare reports.
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Mobile Health Is Enhancing Clinical Decisions At the Point of Care

by Dr. Stephen Beck 06/09/2014 Leave a Comment

ePatient Movement_Clinical Decisions at the Point of Care

Dr. Stephen Beck, CMIO at Catholic Health Partners discusses how his organization is enhancing clinical decisions at the point of care through mobile health to improve the quality and effectiveness of healthcare.  Smartphones, tablets and other mobile devices are becoming ubiquitous in doctors’ offices and hospitals as a means to standardize care protocols, improve the flow of information, and ease the implementation of electronic health records (EHRs).[i]  In fact, mobile devices are
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Addressing ACA Data Security Challenges To Streamline Healthcare Operations

by Fred Pennic 06/05/2014 Leave a Comment

Addressing ACA Data Security Challenges

This post is sponsored by Accellion.  Nina Seth, Accellion's healthcare expert, discusses the ACA data security challenges and explores the move towards utilizing technology to streamline healthcare operations.  As have most areas, the healthcare industry is beginning to fall victim to consumerization. Its an interesting shift, because while healthcare services are built upon the fact that human beings need individual support and care, much of the industry has run for decades as if its
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Dell,Texas A&M Health Science Center Team Up to Create Health Technology Academy

by Jasmine Pennic 06/05/2014 Leave a Comment

Dell and Texas A&M Health Science Center To Create Health Technology Academy

Dell and Texas A&M Health Science Center (TAMHSC) have announced the creation of a health technology academy to provide customized information technology education to the ever-evolving health professions workforce. The pioneering collaboration will empower current and future caregivers to improve patient outcomes through enhanced health information technology practices. 
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Top 3 Investment Areas for Population Health Management

by Fred Pennic 06/04/2014 1 Comment

Top 3 Investment Areas for Population Health Management 1

Advisory Board survey results explore trends in the top three investment areas for population health management The Care Transformation Center at the Advisory Board surveyed 180 healthcare provider systems, standalone community hospitals, academic medical centers, and physician practices from July-October 2013 to offer a unique snapshot of population health managers' investment priorities. Key highlights of the survey include: 
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8 Best Practices to Improve Patient Payments

by Fred Pennic 06/04/2014 Leave a Comment

8 Best Practices to Improve Patient Payments

New white paper from AdvancedMD offers eight best practices to improve patient payments Private practices are now among the largest unsecured credit grantors in the country. In fact, more than $1 out of every $4 of practice revenue is the patient's responsibility. How did we get to this point? As the money from insurance companies decreases, patient portions have increased. As a result, both patient liability and bad debt are on the rise and healthcare providers are experiencing unprecedented
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Availity Acquires RevPoint to Enable Enhanced Patient Access Tools

by Jasmine Pennic 06/02/2014 Leave a Comment

Availity

Availity's acquisition of RevPoint addresses demand for improved reimbursement management tools; simplifies “up-front” payment processes for providers and their patients.  Availity, provider of health information networks, today announced it has acquired Nashville, Tennessee-based RevPoint Healthcare Technologies, an innovative provider of revenue cycle tools that increase patient collections at the beginning of the revenue cycle process. Unlike traditional collection tools developed to
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Is It Time We Stifle Innovation in Healthcare?

by Margalit Gur-Arie 06/02/2014 Leave a Comment

Innovation in Healthcare

Should we stifle innovation in healthcare or should we attempt to disseminate between healthcare innovations that seems worthy? Margarit Gur-Arie explains. Stifling innovation is a very bad thing. As a society it is incumbent upon us to let innovation breath free, prosper and multiply, because innovation is good for us. All innovation is good for us, even if it doesn’t look that way initially, because you never know when a seemingly useless innovation will spawn that one innovation that will
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