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Health IT | News, Analysis, Insights - HIT Consultant

Small Language Models vs. Large Language Models: Which is Better for Healthcare?

by Diego Espada, VP of Delivery, BairesDev 09/09/2024 Leave a Comment

Small Language Models vs. Large Language Models: Which is Better for Healthcare?

Large language models (LLMs) use AI to reply to questions in a conversational manner. Our friend ChatGPT is an LLM. It can reply to an uncapped range of queries because it taps into one billion or more parameters of data. Small language models (SLMs) are their pocket-sized cousins.  An SLM specializes in tasks associated with smaller, more focused datasets. For instance, a hospital could leverage an SLM to enhance clinical documentation. How? By training the SLM on the patient’s
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Highmark Covers AppliedVR’s RelieVRx for Chronic Back Pain

by Fred Pennic 09/09/2024 Leave a Comment

Highmark Covers AppliedVR's RelieVRx for Chronic Back Pain

What You Should Know:  - Highmark, a commercial health insurance plan, has announced coverage for RelieVRx, a virtual reality-based therapy for chronic low back pain.  - This landmark decision makes RelieVRx accessible to over four million Highmark members. A Breakthrough Treatment for Chronic Back Pain RelieVRx is a fully immersive VR experience designed to empower individuals with skills for managing chronic low back pain (CLBP). Clinically proven to reduce pain intensity
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3 Ways Post-Acute Placement Solutions Improve Transitions of Care

by Lane Wise, Director of Customer Success, ABOUT Healthcare 09/09/2024 Leave a Comment

3 Ways Post-Acute Placement Solutions Improve Transitions of Care

For patients, every transition of care to a different facility brings the risk of complications.  When a patient is transitioning from a hospital to a post-acute care facility, for example, essential patient information relating to medical history and medication lists may be lost, overlooked, or not shared, resulting in delays to treatment and suboptimal care.  Like many things in life, successful transitions of care often start with strong communication. To match patients to the
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Kipu Health Acquires Hatch Compliance to Enhance GRC Capabilities

by Fred Pennic 09/06/2024 Leave a Comment

Kipu Health Acquires Hatch Compliance to Enhance GRC Capabilities

What You Should Know:  - Kipu Health, a leading provider of behavioral health technology solutions, has announced the acquisition of Hatch Compliance.  - The strategic move strengthens Kipu's position as a comprehensive provider of solutions for behavioral health organizations, adding robust governance, risk, and compliance (GRC) capabilities to its existing offerings. Expanding Kipu's Comprehensive Platform Kipu has consistently delivered solutions that support the entire
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Centering The Patient in Value-Based Care Benefits

by Dr. Summerpal Kahlon, M.D., Chief Medical Officer, Edifecs 09/06/2024 Leave a Comment

Centering The Patient in Value-Based Care Benefits

Forty years ago, at the height of the AIDS epidemic, HIV researchers and physicians discovered that simply treating the symptoms of the disease was not enough to provide lasting improvement for patients. Other factors like unstable living conditions, drug use, the public stigma over AIDS and HIV – known today as social determinants of health – all require attention in addition to a traditional treatment plan. This holistic view of the patient and caring for their symptoms, treatments, and the
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Kain Capital Launches Kain Analytics to Advance Healthcare Automation

by Fred Pennic 09/06/2024 Leave a Comment

Kain Capital Launches Kain Analytics to Advance Healthcare Automation

What You Should Know:  - Kain Capital, a leading private equity firm focused on healthcare technology, has announced the formation of a subsidiary, Kain Analytics.  - This new venture aims to drive innovation and efficiency in the healthcare industry through advanced technology, data analysis, and workflow automation. A Team of Experts Kain Analytics is led by a team of experienced professionals with expertise in technology, data, and healthcare. Ashish Gupta, Kain's Chief
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WindRose Health Investors Invests in AI-Enabled Care Management MyndYou

by Fred Pennic 09/06/2024 Leave a Comment

WindRose Health Investors Invests in AI-enabled Care Management MyndYou

What You Should Know:  - WindRose Health Investors, a healthcare private equity firm, has announced a strategic investment in MyndYou, a provider of conversational AI solutions for healthcare.  - This investment marks the initial investment in WindRose's new strategy of building a next-generation population health management platform. Addressing the Healthcare Shortage The United States faces a growing shortage of healthcare professionals, coupled with an increasing demand
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Strategic Cost Management Ensures ACO Viability

by Theresa Hush CEO, Co-Founder at Roji Health Intelligence 09/06/2024 Leave a Comment

Strategic Cost Management Ensures ACO Viability

For ACOs to remain relevant as leaders of Value-Based payment models, they must step up now to generate more cost savings for Medicare patient care. Budget cuts for Medicare are once again under discussion by conservatives as political pressure mounts to lower governmental spending. Meanwhile, CMS is expanding risk in Medicare value-based payment models, moving quickly away from Fee-for-Service reimbursement. The new ACO PC Flex model is designed to create per-patient reimbursement for
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Wellth Appoints Former Sanford Health Plan CEO as COO

by Executives Hires 09/06/2024 Leave a Comment

Wellth Appoints Former Sanford Health Plan CEO as COO

What You Should Know:  - Wellth, a provider of daily care motivation solutions, has announced the appointment of John Snyder as Chief Operating Officer. Snyder brings over four decades of leadership experience in the healthcare industry, having previously served as CEO of Sanford Health Plan. - In his new role, Snyder will oversee Wellth's operations, identify and implement new growth strategies, and expand the company's business development efforts. He will also focus on
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Exer AI Collaborates with Mayo Clinic to Advance Standard of Care for Hand and Wrist Disorders with AI

by Fred Pennic 09/05/2024 Leave a Comment

Exer AI Collaborates with Mayo Clinic to Advance Standard of Care for Hand and Wrist Disorders with AI

What You Should Know:  - Exer AI, a clinical AI company specializing in musculoskeletal and movement disorders, has announced a collaboration with Mayo Clinic to expand its platform's capabilities for diagnosing and treating hand and wrist conditions. - Millions of people suffer from chronic hand and wrist conditions, such as rheumatoid arthritis and carpal tunnel syndrome. By providing a more efficient and accurate means of diagnosis and treatment, Exer AI and Mayo Clinic are working
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