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Q/A: DocStation CEO Shares How AI Will Help Pharmacies Use the DIR Fee Changes to Their Advantage

by Fred Pennic 09/14/2023 Leave a Comment

Q/A: DocStation CEO Shares How AI Will Help Pharmacies Use the DIR Fee Changes to Their Advantage

Early next year, the Centers for Medicare and Medicaid Services (CMS) will remove the application of retroactive DIR fees and move DIR fees to the point of sale instead. The major issues with the DIR fees, which are paid by pharmacies to pharmacy benefit managers, are the fact that they drive up the costs of prescriptions for patients and delay reimbursement of care to the pharmacies.  Now, a brand new issue will arise in early 2024 - namely, pharmacies will be facing a DIR “cliff” where
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How Telehealth Can Combat Clinician Burnout

by Guy Friedman, Co-Founder and CEO of SteadyMD 09/14/2023 Leave a Comment

How Telehealth Can Combat Clinician Burnout

The crisis of clinician burnout is worsening. Clinicians are feeling stressed, overworked and underappreciated. Some are responding by leaving healthcare or cutting back on hours. Nearly 334,000 healthcare providers, including 117,000 physicians left the workforce in 2021, according to a 2022 study.  And the problem did not end when the public health emergency did. In a recent survey by a financial consulting firm, 40% of clinicians said they were considering leaving their jobs for
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Provider AI Strategy Moves From The IT Dept. To The C-Suite

by Syed Hamza Sohail 09/13/2023 Leave a Comment

What You Should Know: A new study from Bain & Company and KLAS Research shows US healthcare providers are accelerating spending on IT and software. The research shows nearly 80% of healthcare executives say they increased spending materially over the past year, spurred by emerging technologies—particularly generative AI—labor shortages, and cost pressures.The survey of more than 200 US healthcare provider executives showed nearly 75% are expecting growth in software and technology
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Debunking 3 Myths About Virtual Care to Drive Health Equity

by Rich Steinle, Carium CEO 09/13/2023 Leave a Comment

Debunking Myths About Virtual Care to Drive Health Equity

Despite positive proof points, the expansion of virtual care and remote patient engagement strategies - including RPM -  continues to be hampered by misconceptions among potential users and misalignment of financial incentives among providers and payers. It’s time to take a look at some of the myths holding back the adoption of virtual care and remote patient engagement tools and limiting progress toward achieving the interconnected goals of the Quintuple Aim. If there’s a silver
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Notable Launches ChatGPT-Like Assistant for Patients

by Syed Hamza Sohail 09/12/2023 Leave a Comment

Notable Launches ChatGPT-Like Assistant for Patients

What You Should Know: Notable, the leading automation platform for patient engagement and staff workflows, launched Notable Assistant, a first-of-its-kind patient assistant designed to expand access to healthcare information and services using large language models (LLMs) and conversational AI.Built on the rich data at the heart of the Notable platform, Patient AI, Notable Assistant introduces an accessible experience, in which every patient has a personal guide navigating them through
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Intermountain to Replace Cerner with Epic Enterprise EHR by 2025

by Jasmine Pennic 09/11/2023 Leave a Comment

Intermountain to Replace Cerner with Epic Enterprise EHR by 2025

What You Should Know: - Intermountain Health, one of the largest not-for-profit healthcare systems based in Salt Lake City announced the implementation of Epic’s enterprise EHR platform across the organization by the end of 2025. Intermountain’s current contract with Cerner is slated to end by November.   - The deployment will establish a single, unified EHR platform across 33 hospitals and 385 clinics across seven states to optimize cost savings, patient experience, and interoperability.
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M&A: NextGen Healthcare EHR Acquired by PE Firm for $1.8B

by Fred Pennic 09/07/2023 Leave a Comment

M&A: PE Firm Acquires NextGen Healthcare EHR for $1.8B

What You Should Know: - Thoma Bravo, a private equity software investment firm has acquired NextGen Healthcare, Inc, for over $1.8B in cash. - Under the terms of the agreement, NextGen Healthcare shareholders will receive $23.95 per share in cash. The acquisition is expected to close in the fourth calendar quarter of 2023 - Upon completion of the acquisition, NextGen Healthcare’s common stock will no longer be listed on any public stock exchange and will become a privately held
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UPMC to Replace Oracle Cerner with Epic Enterprise EHR by 2026

by Fred Pennic 09/07/2023 Leave a Comment

UPMC to Replace Oracle Cerner with Epic Enterprise EHR by 2026

What You Should Know: UPMC announced it is replacing Oracle Cerner with Epic’s enterprise EHR platform to create a unified platform across its health system, representing more than six million patient records. UPMC previously deployed Epic in its outpatient space, Pittsburgh Post Gazette reports.UPMC cites lowering operational costs, optimizing security, and improving patient engagement as reasons for the EHR replacement.Migration of all UPMC patient records to Epic’s EHR platform is expected
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FIGS & Eko Health Launches New Digital Stethoscope

by Syed Hamza Sohail 09/05/2023 Leave a Comment

FIGS & Eko Health Launches New Digital Stethoscope

What You Should Know: FIGS, Inc. (NYSE: FIGS), the direct-to-consumer healthcare apparel and lifestyle brand, and Eko Health, Inc. (“Eko”), a leading innovator in digital health technology for heart and lung disease detection, today announced the launch of the FIGS | Eko CORE 500TM Digital Stethoscope.The collaboration unites two companies that have reinvented two healthcare professionals’ mainstays — scrubs and stethoscopes — through new technology, modern design, and authentic
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KLAS: Epic EHR Initiatives for Improving EHR Efficiency and User Satisfaction

by Syed Hamza Sohail 08/30/2023 Leave a Comment

KLAS: Epic EHR Initiatives for Improving EHR Efficiency and User Satisfaction

What You Should Know: With limited budgets and resources, Arch Collaborative members frequently ask KLAS which of their EHR vendor’s education initiatives and system features are most effective at improving EHR efficiency and satisfaction. Because Epic users make up over 60% of respondents in the Arch Collaborative’s data sample, a new KLAS report evaluates several Epic-specific initiatives and features to help Epic customers determine whether they are worth the investment.While not
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