Those in the healthcare industry are at great risk for data breaches, according to the 2014 Experian Data Breach Industry Forecast. Those working in the healthcare industry must be careful to adhere to the new privacy and data breach regulations in the HIPAA Omnibus Rule. Those who do not comply will most probably face heftier fines due to HIPAA’s new requirements. The response to this has been a surge in investment in cyber insurance policies.
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Health IT | News, Analysis, Insights - HIT Consultant
IBM Partners with Epic to Bid on $11B DoD HIM Contract
IBM today announced that it will team with Epic to compete for the Department of Defense Healthcare Management Systems Modernization (DHMSM) contract worth potentially $11 billion dollars. With 9.7 million beneficiaries, including active duty, retirees and their dependents, DHMSM will replace and modernize the Military Health System (MHS) clinical systems.
IBM and Epic will propose a solution to transform the MHS leveraging Epic's high performance, interoperable and secure EHR software which is
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Total of 14 Revenue Cycle M&A Deals Worth $310M Occured Over the Past Year
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
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
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
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
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
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
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
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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