What You Should Know:
- Tempus AI, a leader in artificial intelligence (AI)-powered precision medicine, filed with the Securities and Exchange Commission (SEC) on Monday to raise up to $100M in an initial public offering (IPO). Industry analysts, however, believe this figure might be a placeholder, with the actual target amount closer to $600M.
- Founded in 2015 and headquartered in Chicago, Illinois, Tempus AI reported $562M in revenue for the fiscal year ending March 31,
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ONC Brief Reveals Current State of Hospital Data Interoperability
What You Should Know:
- A new report by the Office of the National Coordinator for Health Information Technology (ONC) examines the current state of electronic health information exchange among hospitals in the United States. The findings reveal progress in interoperability but also highlight areas where improvement is needed.
- In addition, this brief describes the breadth of electronic information exchange between hospitals and other providers across the care continuum
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Beyond the EHR: Why We Need a Patient Communication Layer
Healthcare looks a lot different than it did a few years ago. Healthcare leaders need to address rising consumerism, persistent labor shortages, systemic equity gaps, and a critical shift toward value-based care.
It’s worth asking: If the healthcare landscape has changed so much, why do foundational electronic health record (EHR) systems stand largely unchanged?
Sure, the walled gardens surrounding the EHR have dropped a bit, as the EHR giants have been badgered into interoperability
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Transcarent Launches AI-Powered WayFinding for Personalized Healthcare Navigation
What You Should Know:
- Transcarent, a company dedicated to simplifying healthcare navigation, has launched WayFinding, a platform seamlessly combining AI and human support to guide users through their health journeys.
- WayFinding integrates benefits navigation, clinical guidance, and care delivery into a single, user-friendly platform.
Addressing the Confusion Gap
WayFinding tackles the major challenge of navigating the complexities of healthcare. With over 50% of
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Hospitals Grapple with Payment Delays, Two-Midnight Rule Expansion, and Outpatient Surgery Surge
- Hospitals and health systems nationwide saw a sizable increase in delayed or missing payments in the first quarter, due in part to a recent, large-scale disruption to payment processing services, according to a new report from Strata Decision Technology.
- The report, leveraging data from Strata's extensive healthcare databases, unveils trends impacting hospitals, insurers, and patients alike.
Delayed Payments Disrupt Revenue Streams
A significant finding concerns a surge
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HHS Announces Funding Opportunity to Improve AI-Powered Healthcare & Behavioral Health IT
What You Should Know:
- The U.S. Department of Health and Human Services (HHS), through the Office of the National Coordinator for Health Information Technology (ONC), is seeking innovative solutions to advance healthcare through artificial intelligence (AI) and improve health IT adoption in behavioral health settings.
- This initiative is driven by the Leading Edge Acceleration Projects (LEAP) in Health Information Technology (Health IT) funding opportunity for fiscal year
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2024 MedTech Breakthrough Award Winners Announced
What You Should Know:
- MedTech Breakthrough, a market intelligence organization focused on healthcare technology, today revealed the winners of its prestigious 8th annual awards program.
- These awards recognize the most innovative and impactful companies, technologies, and products shaping the future of digital health and medical technology globally.
A Celebration of Excellence in MedTech
The MedTech Breakthrough Awards program acknowledges the dedication and innovation
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POGO Automatic Blood Glucose Monitor Now Covered by Medicare Part B
What You Should Know:
- Intuity Medical, Inc., a medical technology company committed to making it easier to live with diabetes, announced today that its POGO Automatic® Blood Glucose Monitoring (ABGM) system, featuring one-step testing, is now covered by Medicare Part B. This decision expands access to the innovative monitor for the 16.5 million seniors age 65 and up living with
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Walmart Shutters All 51 Health Centers, Telehealth Offering Citing “Escalating Operating Costs”
What You Should Know:
- Walmart announced today the difficult decision to close all 51 Walmart Health centers and discontinue its virtual care offering. This comes after five years of operation for the health centers.
- The company cited a "challenging reimbursement environment and escalating operating costs" as reasons for the closure. This highlights the difficulty of establishing a profitable healthcare business model, especially in the current environment.
Priority Shift on
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Kaiser Permanente to Deploy Innovaccer’s Healthcare AI Platform
What You Should Know:
- Innovaccer, a leading healthcare technology company, today announced its collaboration with Kaiser Permanente, America’s leading healthcare provider and nonprofit health plan.
- Kaiser Permanente will implement Innovaccer’s Healthcare AI Platform to support value-based care initiatives.
Empowering
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